Next Generation Sequencing Market Set to Grow according To Forecasts is estimated to grow at a CAGR of 21.1% during the forecast period from 2018 to 2025

Next generation sequencing (NGS) is the technology which is used to align millions of small fragments of DNA simultaneously that are capable of processing multiple DNA sequences in parallel. The arrival of rapid DNA sequencing methods has significantly enhanced biological and medical research and discovery. The demand for next generation sequencing technology has been increasing widely due to the rise in genetic tests.

The availability of next generation sequencing at low cost, technological advancements and high prevalence of cancer cases during the previous years. Also, the companies operating the next generation sequencing market have been investing substantial time and amount in research and development activities, through which better technologies can be introduced in the market.

"The next generation sequencing market is estimated to grow at a CAGR of 21.1% during the forecast period from 2018 to 2025. The next generation sequencing market is estimated to reach US$ 26,501.25 Mn by 2025."

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In our study, we have segmented the next generation sequencing market by product, service, application and end-users. The products considered in the study are platform, services, and consumables. The platform segment is further segmented as Hiseq, Miseq, Solid, ION Torrent, Pacbio Rs II & Sequel Systems. The sub-segment of services is further divided as sequencing services and data management & analysis services. Consumables is further bifurcated as sample preparation consumables, library preparation & target enrichment kits & reagents, and quality control kits & reagents.

List of Companies
1. Illumina, Inc.
2. Thermo Fisher Scientific, Inc.
3. Qiagen N.V.
4. Beijing Genomics Institute
5. Perkinelmer, Inc.
6. F. Hoffmann-La Roche AG
7. Agilent Technologies
8. Eurofins Scientific
9. Oxford Nanopore Technologies, Ltd.
10. Macrogen, Inc.

The services segment is classified as genome sequencing. Exome sequencing, resequencing & targeted sequencing, and other services. The applications of next generation sequencing covered in the report include, diagnostics, drug discovery, precision medicine, and others. The end-users of next generation sequencing is classified as academic & research institutes, pharmaceutical & biotechnology companies, hospitals & clinics, and others. Geographically, the market for next generation sequencing is categorized as North America, Europe, Asia Pacific (APC), Middle East and Africa (MEA) and South and Central America (S&CAM).

The next generation sequencing market is witnessing a healthy growth rate during the previous years and is expected to witness similar trend in the coming years. The companies operating in the market of next generation sequencing provide their products and services for applications such as drug discovery, diagnosis, and precision medicine. With constant R&D activities, the companies have been focusing towards developing advanced techniques in next generation sequencing that can be useful for end users such as hospitals & clinics, academic institutions, etc. Various players have been upgrading their product portfolio by applying for approvals. With expansion activities, companies are focusing towards strengthening their customer base by providing services to varied applications.

The Report Analyzes Factors Affecting Next Generation Sequencing Market From Both Demand And Supply Side And Further Evaluates Market Dynamics Effecting The Market During The Forecast Period I.E., Drivers, Restraints, Opportunities, And Future Trend. The Report Also Provides Exhaustive Pest Analysis For All Five Regions Namely; North America, Europe, Apac, Mea And South & Central America After Evaluating Political, Economic, Social And Technological Factors Effecting The Next Generation Sequencing Market In These Regions.

A Complete Analysis of the Competitive Landscape of the Global Next Generation Sequencing Market Is Provided In The Report. This Section Includes Company Profiles Of Market Key Players. The Profiles Include Contact Information, Gross, and Capacity, Product Details Of Each Firm, Price, And Cost.

Key Benefits-
• To Track And Analyze Competitive Developments, Such As Product Launches, Agreements, Partnerships, Collaborations, And Acquisitions In The Global Next Generation Sequencing Market.
• To Forecast The Size Of The Market Segments With Respect To Four Major Regional Segments, Namely, North America, Europe, Asia Pacific, And The Rest Of The World (Latin America And The Middle East & Africa).

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The next generation sequencing market is well established in North America region, especially in the U.S and Canada. Companies are engaging in expansion activities in order to strengthen their customer presence in the region of North America, For instance, Illumina, Inc. and Telegraph together launched a new company, Verogen, which would provide Illumina’s forensic sequencing technology to forensic customers in the US. Advancements in technologies and declining prices are considered to be the driving factors in the next generation sequencing market.

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This release was published on openPR.