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What are the different trends in Next generation sequencing market to boost its growth? 10X Genomics, Agilent, BGI, Bio-Rad, GenapSys, Illumina, Long Read Solutions, Nanostring, Oxford Nanopore, Pac-Bio

06-24-2019 08:01 PM CET | Health & Medicine

Press release from: Global Market Insights

Next generation sequencing market

Next generation sequencing market

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.

For instance, medical science now has answers to various factors of genetics and immunology that have allowed researchers to develop very specific treatment plans for individual cancer patients and next-generation sequencing has emerged as one of the most important tools in this process.

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. Pac-Bio
3. Agilent
4. BGI
5. Bio-Rad
6. GenapSys
7. Illumina
8. Long Read Solutions
9. Nanostring
10. Oxford Nanopore

Illumina has made a massive impact on the next-generation sequencing market as it currently owns the most common next-generation sequencing technique. However, another company that is giving Illumina a run for its money is 10x Genomics that has been able to solve some of the shortcomings of a typical Illumina sequencing workflow. Thus 10x Genomics has been chosen by PerkinElmer, another next-generation sequencing solution provider, to jointly offer automated next-generation sequencing solutions.

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.

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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%.
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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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