Next-Generation Sequencing Market is expected to reach USD 12.03 billion by 2022 | Key players are PerkinElmer (US), Pacific Biosciences of California, Inc. (US), QIAGEN N. V. (Germany),Oxford Nanopore Technologies, Ltd. (UK).

Next-Generation Sequencing Market Size and Growth Rate:
Next-Generation Sequencing Market was valued at USD 4.03 billion in 2017 and projected to reach USD 12.03 billion by 2022 growing at a CAGR of 20.0% during the forecast period 2018 to 2022.

Next-Generation Sequencing Market Overview:
Next Generation Sequencing (NGS) is used to execute different applications such as biomarker discovery, oncology education, personalized drug, agricultural & animal study, and others. NGS has modernized nucleotide analysis and has generally replaced conventional means of genomics, particularly microarray efficiently. The global market has raised significantly due to surge in NGS applications and the rise in technological improvements. In addition, the increase in the number of genome mapping programs in the world and the increase in R&D investment drives the next generation sequencing market growth.

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Next-Generation Sequencing Market Growth Drivers and Restraints:
The influence of the supporting factors is expected to defeat the effect of restraints. Furthermore, the utilization of cloud computing in NGS for data control and untapped emerging economies are supposed to provide new market events to next-generation sequencing manufacturers in the coming future.

Circumstances such as developments in NGS platforms, falling capital cost associated with the decreasing amount of sequencing, and increasing regulatory & reimbursement situation for NGS-based characteristic tests are expected to boost the next-generation sequencing market. Increasing automation in the pre-sequencing protocols is expected to drive progress in the market in the future years. Utilization of novel programs for the development of personalized medication by medical analysis at a genetic level is a vital factor which is expected to enhance demand for NGS over the forecast period.

The important services offered by the next generation sequencing are classified as sequencing services and data administration. Consumables product occupied a dominant share in the global and is expected to maintain this trend throughout the forecast period. This is connected to the fact that they are generally used in the sample preparation means and are needed to perform other pre-requisite steps of NGS.

Geographic Insights of Next-Generation Sequencing Market:
North America is anticipated to account for the substantial share of the global next-generation sequencing market in the coming years, followed by Europe. The general share of North America is mainly associated with the growing application of NGS in diagnostics and genomics analysis, availability of research funding, and growth of NGS data analysis solutions.

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Key Market Players of Next-Generation Sequencing Market:
The prominent players in this market include PerkinElmer (US), Pacific Biosciences of California, Inc. (US), BGI (China), QIAGEN N. V. (Germany),Agilent Technologies (US),Oxford Nanopore Technologies, Ltd. (UK), Macrogen Inc. (South Korea), and Eurofins Scientific (Luxembourg).

Next-Generation Sequencing Market Key Segmentation:

By Product & Service:
• Pre-Sequencing Products & Services Market
o Sample Preparation
• NGS Platforms, Consumables, & Services for Platforms
o Illumina
o Thermo Fisher Scientific (Life Technologies)
o Pacific Biosciences
o Oxford Nanopore
o Recently Launched Sequencing Platforms
• Sequencing Services Market
o Targeted Re-Sequencing
o Rna-Seq
o De Novo Sequencing
o Exome Sequencing
o Chip-Seq
o Whole-Genome Sequencing
o Methyl-Seq
• NGS Data Analysis, Storage, and Management
o NGS Data Analysis Software & Workbenches
o NGS Data Analysis Services
o NGS Storage, Management, and Cloud Computing Solutions

By Application:
• Diagnostics
• Drug Discovery
• Biomarker Discovery
• Precision Medicine
• Agriculture & Animal Research

By End User:
• Research Centers and Academic & Government Institutes
• Hospitals & Clinics
• Pharmaceutical & Biotechnology Companies

By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa

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