Next generation sequencing (NGS) Market Size – Industry Trends 2019-2030
As per Market Industry Reports (MIR) research findings, automated, standardized, scalable, integrated next generation sequencing solutions set to open new avenues for stakeholders.
The global next generation sequencing market is a structured market and is largely governed by prominent players such as 10x Genomics, Agilent Technologies, Inc., Beckman Coulter, Becton, Dickinson and Company, BGI, Eurofins Scientific, F. Hoffmann-La Roche AG, Genewiz, Illumina, Inc., and Macrogen, Inc.
Growth opportunities in the global next generation sequencing market looks promising for the coming eight to ten years. Increasing Demand of NGS for clinical application and application of NGS in oncology, are some of the critical factors driving the global next generation sequencing market.
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Technological advancements have also played a key role in shaping the growth of the next generation sequencing market. For instance, in Feb 2016, launched the BD CLiC System during the 2016 Advances in Genome Biology and Technology Meeting. The BD CLiC System is a high-throughput, fully integrated, next generation sequencing library prep instrument, engineered for targeted and whole genome library preparation.
From a regional perspective, Asia-Pacific is expected to witness highest CAGR in the coming years due to high growth in the wide penetration of technology and technological advancement in NSG, increasing focus on drug discovery, initiatives by healthcare and biopharmaceutical companies. North America commands the largest share of the next generation sequencing market. This high share can be attributed to investment by pharmaceutical and biotechnology companies in drug discovery. According to Cancer Research UK, the number of cancer cases reported worldwide in the year 2018, was approximately around 17 million. It is further projected that within the period 2018-2040, the total incidence rate of worldwide cancer will increase by 62%. The growing incidences of cancer are anticipated to present a lucrative growth opportunity for the global next generation sequencing (NGS) market in the coming years.
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By Product and SERVICES
- Pre-Sequencing Products and Services
- NGS Consumables, Platforms, and Services for Platforms
- Sequencing Services
- NGS Data Analysis, Storage, and Management (Bioinformatics)
- Sequencing by Synthesis
- Ion Semiconductor Sequencing
- Single-Molecule Real-Time Sequencing
- Nanopore Sequencing
- Other Sequencing Technologies
- Drug Discovery
- Other Applications
By End User
- Academic Institutes and Research Centers
- Hospitals and Clinics
- Pharmaceutical and Biotechnology Companies
- Other End User
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Press Release Distributed by The Express Wire
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