NGS Target Enrichment Probe Market Trends and Forecast
The future of the global NGS target enrichment probe market looks promising with opportunities in the bioscience company and university & research institute markets. The global NGS target enrichment probe market is expected to grow with a CAGR of 14.3% from 2024 to 2030. The major drivers for this market are increasing demand for personalized medicine, rising research in oncology, and growing applications in non-invasive prenatal testing.
• Lucintel forecasts that single probe is expected to witness higher growth over the forecast period.
• Within this market, bioscience company is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the NGS Target Enrichment Probe Market
• United States - Illumina announced new high-sensitivity enrichment probes for cancer genomics, while the FDA aims to accelerate approval for NGS-based companion diagnostics. Government funding supports precision medicine initiatives integrating NGS technologies.
• China - BGI Genomics launched customized enrichment panels for clinical NGS applications. The Chinese government targets expanding NGS testing capabilities in rural healthcare settings. Companies like Berry Genomics focus on NGS-based prenatal screening solutions.
• Germany - QIAGEN introduced novel bioinformatics tools for NGS probe design. Government initiatives promote NGS adoption in clinical diagnostics, with research institutes collaborating with industry on targeted sequencing solutions.
• India - Agilent Technologies expanded its presence with NGS enrichment products in India. The government aims to establish NGS-based disease surveillance systems. Local startups focus on affordable NGS solutions for genomic research and diagnostics
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
NGS Target Enrichment Probe Market by Segment
The study includes a forecast for the global NGS target enrichment probe market by type, application, and region.
NGS Target Enrichment Probe Market by Type [Value from 2018 to 2030]:
• Single Probe
• Chip Probe
NGS Target Enrichment Probe Market by Application [Value from 2018 to 2030]:
• Bioscience Company
• Universities & Research Institutes
• Others
NGS Target Enrichment Probe Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of NGS Target Enrichment Probe Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies NGS target enrichment probe companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the NGS target enrichment probe companies profiled in this report include-
• Genscript
• Shanghai Bailige Biomedical Technology
• Agilent
• Nanjing Vazyme Biotech
• Cobioer
• iGenetech
• Shanghai Biotechnology
• Nabodigmbio
• Boke Biotechnology
• Celemics
Recent Development in the NGS Target Enrichment Probe Market
• Roche Diagnostics: Roche Diagnostics introduced advanced NGS target enrichment panels for oncology research and clinical diagnostics.
• Thermo Fisher Scientific: Thermo Fisher Scientific launched a scalable NGS target enrichment solution for comprehensive genomic profiling in precision medicine.
• Agilent Technologies: Agilent Technologies expanded its NGS target enrichment portfolio with new panels designed for infectious disease research and epidemiology.
• Qiagen: Qiagen developed innovative bioinformatics tools to enhance the design and customization of NGS target enrichment panels for genetic testing and personalized medicine applications.
Features of the Global NGS Target Enrichment Probe Market
Market Size Estimates: NGS target enrichment probe market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: NGS target enrichment probe market size by type, application, and region in terms of value ($B).
Regional Analysis: NGS target enrichment probe market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the NGS target enrichment probe market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the NGS target enrichment probe market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for NGS target enrichment probe market?
Answer: The global NGS target enrichment probe market is expected to grow with a CAGR of 14.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the NGS target enrichment probe market?
Answer: The major drivers for this market are increasing demand for personalized medicine, rising research in oncology, and growing applications in non-invasive prenatal testing.
Q3. What are the major segments for NGS target enrichment probe market?
Answer: The future of the NGS target enrichment probe market looks promising with opportunities in the bioscience company and university & research institute markets.
Q4. Who are the key NGS target enrichment probe market companies?
Answer: Some of the key NGS target enrichment probe companies are as follows:
• Genscript
• Shanghai Bailige Biomedical Technology
• Agilent
• Nanjing Vazyme Biotech
• Cobioer
• iGenetech
• Shanghai Biotechnology
• Nabodigmbio
• Boke Biotechnology
• Celemics
Q5. Which NGS target enrichment probe market segment will be the largest in future?
Answer: Lucintel forecasts that single probe is expected to witness higher growth over the forecast period.
Q6. In NGS target enrichment probe market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the NGS target enrichment probe market by type (single probe and chip probe), application (bioscience company, universities & research institutes, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to NGS Target Enrichment Probe Market Market, NGS Target Enrichment Probe Market Market Size, NGS Target Enrichment Probe Market Market Growth, NGS Target Enrichment Probe Market Market Analysis, NGS Target Enrichment Probe Market Market Report, NGS Target Enrichment Probe Market Market Share, NGS Target Enrichment Probe Market Market Trends, NGS Target Enrichment Probe Market Market Forecast, NGS Target Enrichment Probe Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.