DNA Library Preparation Market size is anticipated to cross USD 156 billion by the end of 2036, expanding around 14% CAGR during the forecast period i.e., 2024-2036. In the year 2023, the industry size of DNA library preparation was over USD 16 billion. DNA library preparation plays a significant role in reducing the number of genetic disorders. According to a report published by the World Health Organization (WHO), there are approximately 5,000 to 8,000 rare diseases worldwide, most of which include genetic disorders that affect 400 million citizens. Due to changes in the focus of COVID-19 vaccine development, the transmission of the Coronavirus has led to delays in research and development activities of biopharmaceutical companies in the market preparing letters DNA Institute. In some countries, COVID-19 has led to lockdowns, delaying production in the DNA library preparation kits market.
Additionally, the growth of the DNA library preparation market can also be driven by the increasing incidence of genetic diseases all across the globe. Advances in genetic engineering technology will lead to increased demand for the DNA library preparation industry. In the field of drug discovery and clinical diagnostics, the growing demand for genomics will strengthen the market in the assessment period. Furthermore, rising healthcare expenditure and advancement in healthcare infrastructure all across the globe is estimated to positively influence the market expansion in the review period.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024 – 2036 |
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CAGR |
~14% |
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Base Year Market Size |
~USD 16 billion |
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Forecast Year Market Size |
~USD 156 billion |
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Regional Scope |
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Application (Diagnostics, Drug Discovery, Forensic Testing, Animal Research)
In terms of application, the diagnostic segment is set to account for 40% share of the global DNA library preparation market during the by 2036. The growth of this market can be primarily attributed to the escalating manufacturing of new drugs along with increasing and expanding drug discovery. Besides this, growing cases of cancer globally and the increasing focus of key market players towards innovating new medications to deal with the deadly disease of cancer a better way is also significant factor driving the growth of this market in the upcoming future. Cancer is a significant reason behind death nowadays, leading to around 10 million death in the year 2020, reported as by the World Health Organization. To accurately identify the cause or effect of a disease condition, NGS reliably sequences every gene related to a particular phenotype. Additionally, NGS performs concurrent analysis of several genes, which may save time, money, and tissue if numerous potential disease markers need to be examined.
End-User (Biopharmaceutical Companies, Academic & Research Institutes, Contract Research Organizations, Clinical Laboratories)
Academic & research Institutes segment in end-user are estimated to dominate the market revenue in the forecast period. A surge in the number of collaborations and partnerships among the academic and research institutes along with increasing investment towards the development of genomics and advancement in economic NGS products and facilities for research are anticipated to raise the demand for DNA library preparation market in the projected period. For example, scientists at the University of California entered into a partnership with Miroculus, Inc., and Purigen Biosystems in March 2021 to develop a ground-breaking tool for personal lab automation for the improvement of an automated PCR-free genome sequencing library preparation the process with micro-input human samples.
Our in-depth analysis of the global market includes the following segments:
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Technique |
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Application |
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End-User |
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North America Market Forecasts
The DNA library preparation market in the North America is estimated to hold the highest CAGR of 32% by the end of 2036. The growth of this market can be attributed to the increasing presence of market players in the region along with growing investment in the drug development industry. The region's market expansion is mostly linked to in-depth disease-based research investigations that have been funded by pharmaceutical oligopolies and academic research centers. For instance, in March 2021, Swift Biosciences and SPT Labtech agreed to work together to improve the company's library preparation kits for use with the mosquito genomics and dragonfly discovery platforms. This will enable Swift Biosciences to offer more library preparation options for degraded DNA, low input RNA, and customized amplicon panels.
Asia Pacific Market Statistics
The Asia Pacific DNA library preparation market is estimated to hold a significant revenue share during the forecast period. The market's expansion can be attributed to an increase in pharmaceutical research and development, a sizable patient base, uniform data, lower costs, and a skilled workforce. In the next years, China is projected to be the preparation of NGS library that generates profits. The expansion of this nation in APAC is predicated on a rise in the NGS market, which is driven by rising life science funds, rising CRO, and an expanding global pharmaceutical market.
Author Credits: Radhika Gupta, Shivam Bhutani
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