Next generation sequencing market Emerging Growth by 10X Genomics, Agilent, BGI, Bio-Rad, Genapsys, Illumina, Long Read Solutions, Nanostring, Oxford Nanopore, Pac-Bio

Next generation sequencing market has lately emerged as one of the most rapidly growing segments of the medical science industry as the technology has essentially revolutionized biological science. Researchers have been able to study biological systems and perform a wide variety of applications with the scalability, ultra-high throughput and speed that next-generation sequencing has provided. At present, complex genomic research has gone much further than answers traditional DNA sequencing technologies could have provided, and this has opened up new pathways into various research and treatment procedures that have proved to groundbreaking for the future of healthcare.

Next Generation Sequencing Market Size was valued at USD 4.1 billion in 2018 and is expected to witness 20.4% CAGR from 2019 to 2025.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. 10X Genomics
2. Agilent
3. BGI
4. Bio-Rad
5. Genapsys
6. Illumina
7. Long Read Solutions
8. Nanostring
9. Oxford Nanopore
10. Pac-Bio

10x Genomics, Inc., a company focused on enabling the superior command of biology by speeding up genomic discovery, announced that jointly with PerkinElmer, Inc. they will offer automated next-generation sequencing solutions. PerkinElmer’s automation solutions increase both the throughput and efficiency of assays, while also allowing researchers to streamline and enhance existing NGS workflows. PerkinElmer works with industry leaders like 10x Genomics to develop sequence-verified automation protocols that provide researchers with innovative options for automated exome, genome and single-cell assay library preparation, bringing efficiency required to meet the growing needs of today’s life science research community.

Other instances include the unveiling of GENIUS 110 by GenapSys Inc., the next generation DNA sequencing system, that is remarkable for its footprint which is no bigger than an Apple iPad and is aimed at making DNA sequencing widely available to individual researchers and diagnostic laboratories for the first time.
However the promise of next-generation sequencing goes much beyond the medical field as has been made evident by Tyson Ventures’ recent investment in Clear Labs, a startup that uses next-generation sequencing to help food companies receive more accurate results from pathogen tests. Tyson Foods, whose portfolio includes alternative protein company Beyond Meat and cultured meat company Future Meat, has made its first foray into food safety technology with this investment. The NGS platform developed by Clear Labs is an effective alternative to the traditional Polymerase Chain Reaction (PCR) testing and the new testing procedure is faster, taking 24 hours or less to provide results and has an accuracy of 99.9%.

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Endowed with a widespread application scope, next generation sequencing market is expected to depict commendable growth in the years to come. As per estimates, NGS industry is touted to exceed a valuation of $15 billion by 2025.

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