What Is The Leading Driver Behind Increasing Adoption Of Personalized Medicine Fueling The Growth Of The Market Due To Advancements In Genomics And Targeted Therapies Market Expansion in 2025

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What Will the Library Preparation (Prep) System Industry Market Size Be by 2025?
In recent times, the market size for the library preparation system has expanded significantly. This expansion is expected to continue, with the market size projected to increase from $1.22 billion in 2024 to $1.37 billion in 2025, representing a compound annual growth rate (CAGR) of 12.0%. Factors attributing to this growth during the historical period include the escalating demand for genomic sequencing, the rising adoption rate of next-generation sequencing, heightened awareness about genetic disorders, the expansion of molecular diagnostics research, and increased government funding for genomics.

What's the Long-Term Growth Forecast for the Library Preparation (Prep) System Market Size Through 2029?
The market size of the library preparation (prep) system is anticipated to undergo swift expansion in the upcoming years, swelling to $2.12 billion in 2029 with a compound annual growth rate (CAGR) of 11.6%. Factors like the escalating demand for precision therapeutics, enlarged investment in biopharmaceutical investigations, the spread of clinical genomics, and the surging necessity for detecting diseases at an early stage contribute to the projected growth in the forecast duration. The forecast timeframe will also witness significant trends such as advances in library prep kits, production of automatic prep systems, the rise of high-throughput sequencing methods, and incorporation of bioinformatics instruments with prep systems.

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What Are the Key Growth Drivers Fueling the Library Preparation (Prep) System Market Expansion?
The rise in the usage of personalized medicine is projected to propel the expansion of the library preparation system market in the near future. In terms of a medical method, personalized medicine is customized to fit an individual's unique genetic structure, lifestyle, and surroundings. The surge in personalized medicine adoption is mainly attributed to breakthroughs in genomics, which allow for precise identification of genetic discrepancies and individualized treatment plans. Library prep systems play a pivotal role in personalized medicine by facilitating the meticulous preparation of DNA and RNA samples, which is crucial for precise genomic analysis. These systems simplify intricate workflows, lower error occurrences, and expedite the process of developing targeted therapies, thereby enhancing personalized treatment results. For instance, as reported by the US-based nonprofit organization Personalized Medicine Coalition (PMC) in February 2024, the U.S. Food and Drug Administration (FDA) gave the green light to 26 new personalized medicines in 2023, marking a substantial growth from the 12 approved in 2022. As a result, the intensifying adoption of personalized medicine is fuelling the expansion of the library preparation system market.

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What Are the Key Trends Driving Library Preparation (Prep) System Market Growth?
Top firms in the library prep system market are directing their efforts towards creating revolutionary products, including multimodal library preparation kits, to elevate efficiency, expand research capabilities, and lessen manual work and sample material needs. Multimodal library preparation kits are comprehensive solutions that permit the concurrent processing of DNA and RNA from a sole sample for extensive genomic and transcriptomic examinations. For example, in May 2024, Qiagen N.V., a biotechnology firm based in the Netherlands, introduced its QIAseq Multimodal DNA or RNA library kit. This pioneer NGS multimodal kit was conceived to prepare both DNA and RNA libraries from one sample. This trailblazing solution allows for streamlined preparation of DNA and RNA libraries for next-generation sequencing (NGS), ensuring the possibility of whole genome sequencing (WGS) and whole transcriptome sequencing (WTS) from a singular sample. It comes with automated workflow integration and the optimization of chemistry for the simultaneous processing of DNA and RNA, drastically curtailing turnaround times and reducing sample material consumption without the need for operator intervention.

How Is the Library Preparation (Prep) System Market Segmented?
The library preparation (PREP) system market covered in this report is segmented as

1) By Product Type: Manual Library Prep Systems, Automated Library Prep Systems
2) By Technology: Next-Generation Sequencing (NGS), Sanger Sequencing, Microarray
3) By Workflow Stage: Sample Preparation, Library Preparation, Quality Control, Data Analysis
4) By Application: Whole Genome Sequencing, Targeted Sequencing, Ribonucleic Acid (RNA) Sequencing, Exome Sequencing, Metagenomics
5) By End User: Academic And Research Institutes, Pharmaceutical And Biotechnology Companies, Clinical Laboratories, Diagnostics Laboratories

Subsegments:
1) By Manual Library Prep Systems: Deoxyribonucleic Acid (DNA) Library Prep Kits, Ribonucleic Acid (RNA) Library Prep Kits, Amplicon Library Prep Kits, Targeted Library Prep Kits, Low-input Or Single-cell Library Prep Kits
2) By Automated Library Prep Systems: Automated Deoxyribonucleic Acid (DNA) Library Prep Instruments, Automated Ribonucleic Acid (RNA) Library Prep Instruments, High-throughput Library Prep Platforms, Benchtop Automated Library Prep Systems, Integrated NGS Workflow Systems

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Which Companies Are Leading the Charge in Library Preparation (Prep) System Market Innovation?
Major companies operating in the library preparation (prep) system market are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Siemens Healthineers AG, Agilent Technologies Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Tecan Group Ltd., GenScript Biotech Corporation, Promega Corporation, Takara Bio Inc., Oxford Nanopore Technologies Limited, Pacific Biosciences of California Inc., New England Biolabs Inc., Singleron Biotechnologies Co. Ltd., Bionano Genomics Inc., Automata Technologies Ltd., Zymo Research Corporation, Dolomite Bio Limited, Micronit Microtechnologies B.V., Opentrons Labworks Inc., and EpigenDx Inc.

Which Regions Are Leading the Global Library Preparation (Prep) System Market in Revenue?
North America was the largest region in the library preparation (prep) system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in library preparation (prep) system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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