Press release
Next Generation Sequencing (NGS) Services Market Worth 2,921.4 Million USD By 2023
Meticulous Research™ –the leading global market research company published a research report titled “Next Generation Sequencing Services (NGS) Market – Global Opportunity Analysis and Industry Forecast (2018-2023)”According to this latest publication from Meticulous Research™, the global Next Generation Sequencing Services market is expected to grow at a CAGR of 20.1% from 2018 to 2023 to reach USD 2,921.4 million by 2023, driven by the plummeting cost of sequencing, growing need of skilled professionals for efficient NGS sample preparation and analysis, technological advancements in NGS, increase in genome mapping programs, and high cost of sequencing infrastructure. Moreover, increasing applications in cancer and agrigenomics research and capability enhancement in analysis of complex sequence data further provides significant opportunities for the various stakeholders in the global NGS services market. However, accuracy & standardization concerns in diagnostic testing and ethical issues related to NIPT may obstruct the growth of NGS services market to some extent.
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The global NGS services market is mainly segmented by service type (targeted sequencing, RNA sequencing, exome sequencing, de novo sequencing, ChIP-sequencing, whole genome sequencing, methyl sequencing, and other services), technology (sequencing by synthesis, ion semiconductor sequencing, single molecule real time sequencing, nanopore sequencing, and true single molecule sequencing), application (diagnostics, drug discovery, biomarker discovery, agriculture & animal research and other applications), end user (academic & research institutes, pharmaceuticals & biotechnology industry, hospitals & clinics and other end users), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).
Browse in-depth Report on https://www.meticulousresearch.com/product/next-generation-sequencing-ngs-services-market/
North America held the largest share in the global NGS services market in 2017, followed by Europe and Asia-Pacific. High burden of chronic and infectious diseases, increasing R&D expenditure, better availability of NGS technology and services, and various supporting government initiatives are the major factors fueling the growth of NGS services market in North America. However, Asia-Pacific region possesses lucrative growth potential for the NGS services market during the forecast period. This is mainly attributed to the increasing population, rising rate of diseases, growing outsourced research activities in this region, improving infrastructure, and various government initiatives for the genomic research to understand the complex biological process and genetic mutations present in life threatening diseases.
The key players in the global NGS services market are Illumina, Inc. (U.S.), Qiagen N.V. (The Netherlands), PerkinElmer, Inc. (U.S.), Eurofins Scientific SE (Luxembourg), GATC Biotech AG (Germany), Macrogen, Inc. (South Korea), Genotypic Technology Pvt. Ltd. (India), GENEWIZ, Inc. (U.S.), Beijing Genomics Institute (BGI) (China), SciGenom Labs Pvt. Ltd (India), MedGenome (India), DNA Link, Inc. (South Korea), Otogenetics Corporation (U.S.), Novogene Corporation (China), LGC Limited (U.K.), CD Genomics (U.S.), and SeqLL, LLC (U.S.).
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About Meticulous Research™
Meticulous Research™ is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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Viren Shrivastava
AVP- Global Sales and Marketing
Meticulous Research™
Email: viren@meticulousresearch.com
Direct Lines: +1-646-781-8004 (North America)
+44-203-868-8738 (Europe)
+91 744-7780008 (Asia-Pacific)
Office No-402, 4th Floor, Pushpak Business Hub, Wakad, Pune-411057
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The NGS sample preparations determine components in the samples, such as blood, urine, and others, in animals.
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The type of analyzers includes urine analyzers, blood gas & electrolyte analyzers, glucometers, and others used by medical labs, hospitals, and people at home.
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