Press release
Next Generation Sequencing Market is poised to touch USD 12,801 million by 2022 with leading players are Thermo Fisher Scientific, Inc., Pacific Biosciences of California, Beijing Genomics Institute, Qiagen NV and 454 Life Sciences Corporation
Next-Generation Sequencing Market Size was valued at USD 3,567 million in 2015 and is expected to reach USD 12,801 million by 2022 growing at a CAGR of 19.9% during the forecast period 2014 to 2022.
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Next Generation Sequencing Market Overview:
NGS is a technology capable of organizing billions of DNA threads through tremendous parallel processing. This technique is also known as high-performance sequencing. NGS minimizes the use of fragment replication methods used to sequencing the Sanger genome.
Next Generation Sequencing Market Growth Drivers and Restraints:
It is expected that the development of faster next generation methods will facilitate the adoption of the NGS platform, which can affect the growth of the industry. As the automation of prior sequencing protocols increases, it is expected that the market's advance will accelerate in the coming years. The use of a new platform for personalized medical development through medical analysis at the gene level is an important factor in improving NGS demand during the forecast period. Demand for this technology will increase as research and development projects grow in the areas of metabolomics, proteomics and transcriptomics. In addition, it has been shown that the growing tendency of next generation sequencing technology drug scientists and developers to implement customized medical approaches is a wave of demand for these platforms to get information on the genetic makeup of a large number of organisms.
However, the storage and management of large amounts of data generated by sequencing and interpretation are part of the next generation world sequencing market. In addition, as genome mapping programs increase throughout the world, research and development investments are growing, opening up market opportunities for next-generation sequencing. In addition, NGS cloud computing for data management and emerging economies is expected to offer new market opportunities for manufacturers in the near future.
Geographical Overview of Next Generation Sequencing Market:
The NGS market in North America commanded the world in 2015. This can be explained by the existence of an improved technical support framework. In addition, most of the respondents for academic and clinical use are in the United States. There are several universities that offer molecular biology courses in the region that affect the growth of the NGS sector in North America.
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Key Players of Next Generation Sequencing Market:
The main companies active in the world NGS market are Illumina, Thermo Fisher Scientific, Inc., Pacific Biosciences of California, Beijing Genomics Institute, Qiagen NV, 454 Life Sciences Corporation (Roche Holding AG), Agilent Technologies, Inc., Perkinelmer, Inc., Genomatix GmbH and Pierian Dx. Other key actors in the value chain include Eurofins Scientific, Gatc Biotech AG, Macrogen, Inc., Oxford Nanopore Technologies, Ltd., etc.
Next Generation Sequencing Market Segmentation:
By Product:
• Platforms
• Services
• Consumables
By Service:
• Genome Sequencing
• Exome Sequencing
• Resequencing & Targeted Sequencing
By End User:
• Academic & Research Institutes
• Pharmaceutical & Biotechnology Companies
• Hospitals & Clinics
By Application:
• Diagnostics
• Drug Discovery
• Precision Medicine
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/next-generation-sequencing-market-analysis-by-product-platforms-services-consumables-by-servic/2096508953
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
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