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Next Generation Sequencing (NGS) Market (COVID-19 Impact Analysis) - Size, Share, Trends, Profitable Segments Breakdown and Detailed Analysis of Current and Future Industry Figures till 2026
Next Generation Sequencing (NGS) Market
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Market Analysis: Global Next Generation Sequencing (NGS) Market
Global next generation sequencing (NGS) market is registering a healthy CAGR of 19.60 in the forecast period of 2019-2026. This rise in the market can be attributed to the continuous advancement in NGS technology and upsurge in applications of NGS.
Key Market Competitors:
Few of the major market competitors currently working in the global next generation sequencing (NGS) market are Illumina, Inc., BGI, Eurofins Scientific, PerkinElmer Inc., Macrogen Inc., DNA Link, Inc., Genotypic Technology Pvt Ltd, WuXi AppTec, GENEWIZ, Takara Bio Inc., SciGenom Labs Pvt. Ltd, Theragen Etex Co., Ltd., LGC Biosearch Technologies, Oxford Gene Technology, Sysmex Inostics, Zymo Research, Source BioScience, Novogene Corporation, among others.
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Market Definition: Global Next Generation Sequencing (NGS) Market
NGS means next-generation sequencing; it is also known as massively parallel sequencing technology. NGS allows researchers to research on various applications including speed, scalability, and ultra-high throughput and also study biological systems at a next level. NGS allows researchers to rapidly sequence whole genomes.
Segmentation: Global Next Generation Sequencing (NGS) Market
Next Generation Sequencing (NGS) Market : By Product & Service
Pre-Sequencing Products & Services
NGS Consumables, Platforms, & Services for Platforms
Sequencing Services
NGS Data Analysis, Storage, and Management (Bioinformatics)
Next Generation Sequencing (NGS) Market : By Technology
Sequencing By Synthesis
Ion Semiconductor Sequencing
Single-Molecule Real-Time Sequencing
Nanopore Sequencing
Other Sequencing Technologies
Next Generation Sequencing (NGS) Market : By Application
Diagnostics
Drug Discovery
Agricultural & Animal Research
Other Applications
Next Generation Sequencing (NGS) Market : By End User
Academic Institutes & Research Centers
Hospitals & Clinics
Pharmaceutical & Biotechnology Companies
Other End Users
Next Generation Sequencing (NGS) Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Developments in the Next Generation Sequencing (NGS) Market :
In July 2019, Biodesix, Inc. and Thermo Fisher Scientific have entered into an agreement to provide next-generation sequencing assay for blood-based companion diagnostic solutions in cancer. It is yet to be approved by Food and Drug Administration of the U.S. This agreement will help cancer patient by focusing on NGS-based solution.
In June 2019, Agendia declared the open access study validating use of MammaPrint and BluePrint molecular diagnostics using next-generation sequencing technology for targeted RNA. This will help to understand the complexities of early stage breast cancer and treatment strategies.
Next Generation Sequencing (NGS) Market Drivers :
Continuous technological advancement in NGS platform is driving the market growth
Reducing price of NGS installation is another factor helping in market growth
Proper reimbursement and improving regulatory scenario are flourishing the market growth
Upsurge in applications of next generation sequencing drives the growth of the market
Next Generation Sequencing (NGS) Market Restraints :
Less number of skilled personnel hinders the market growth
Rising concern about standardization of NGS based diagnostics hampers the market growth
Legal and ethical restrictions will act as market restraints
Reasons to Purchase this Report :
Current and future of global next generation sequencing (NGS) market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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