Next Generation Sequencing Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025
NGS has large number of applications, enabling rapid technological advances across several fields in biological science. The technology has enabled researchers to gain significant knowledge in public health studies and epidemiology, to sequence viruses and bacteria and help detect causes that may contribute to virulence.
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Furthermore, in gene expression research, next generation sequencing of RNA replace microarray analysis, allowing researchers to see RNA expression sequence. This RNA sequencing can provide information on entire transcriptome in one analysis, irrespective of any previous knowledge of genetic sequence.
The global next generation sequencing market was valued at US$ 5.6 billion in 2017 and is expected to witness a robust CAGR of 18.1% over the forecast period (2017–2025).
Increasing demand for early detection of cancer and infectious diseases is expected to drive growth of the NGS market
Early detection of cancer and infectious diseases increases the chances of successful treatment. Increasing prevalence of cancer and other infectious diseases is a major factor contributing to growth of the next generation sequencing market. According to the World Health Organization (WHO), in 2012, around 14 million new cases of cancer were reported and the incidence is estimated to increase to 70% by 2030.
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Key Vendors of Next Generation Sequencing Market: Thermo Fisher Scientific Inc., Agilent Technologies, Inc., BioMerieux S.A., F. Hoffmann-La Roche Ltd, Qiagen N.V., Illumina, Inc., Oxford Nanopore Technologies, and Beijing Genomics Co. Ltd.
Global Next Generation Sequencing Market, By Technology:
Whole Genome Sequencing
Whole Exome Sequencing
Global Next Generation Sequencing Market, By Application:
Personalized Medicine and Genetic Screening
Agriculture and Animal Research
Global Next Generation Sequencing Market, By End User:
Pharma and Biotech Firms
Global Next Generation Sequencing Market, By Region:
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