Next Generation Sequencing Market Outlook 2027 By Top Manufacturers Agilent, BGI, Illumina, Qiagen, Roche and Thermo Fisher Scientific
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Next generation sequencing methods are used for studying genomes and identifying problems caused in genes due to disease development. Businesses have created NGS library preparation kits automated data analysis tools, and sequencing instruments for the studying of genes. Companies operating in the NGS market are working on new technologies and products. For example, in 2019, Agilent Technologies announced a next generation sequencing library preparation system made to run complex DNA sequencing assays easily with a button press. Based on such innovations, Global Market Insights, Inc., reports that the next generation sequencing market is projected to surpass USD 22 billion by 2027.
In terms of product type, the next generation sequence services segment is likely to register a CAGR of around 20% over the forecast period. These services are extensively available in areas such as RNA sequencing, cancer analysis services, metagenomics solutions, whole genome sequencing, and oligo synthesis.
Based on type, the target sequencing section is anticipated to register around USD 700 million in 2020 owing to rising demand for personalized medicines. The targeted sequencing type correctly measures individual’s gene pool which can be used for personalized medicines. With the variation of genetic makeup from individual to individual, the concentration of drugs meant for consumption also varies.
With respect to technology, sequencing by synthesis segment is likely to witness approximately 20.6% CAGR in the upcoming years. Sequencing by synthesis enables accurate and quick DNA analysis, and is a cost-effective option. The whole human genome can be sequenced in a few hours given to the availability of technologically advanced equipment.
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In terms of end-use, the demand from academic institutes and research centers accounted for above USD 2.5 billion in 2020. This can be credited to growing research efforts on genomic aspects with the use of NGS methods. Research institutes receive funds from governments to promote advancements in drug discovery processes. In this way, academic institutes and research laboratories are well-equipped with modern NGS devices.
Globally, companies in the next generation sequencing market are Roche, Qiagen, Agilent, Bio-Rad Laboratories, BGI, Thermo Fisher Scientific, Illumina, and Genapsys. These organizations are focusing on new product launches, partnerships, and mergers to boost their market position.
Partial Chapter of the Table of Content
Chapter 4 Next Generation Sequencing Market, By Product Type
4.1 Key segment trends
4.2.1 Market size, by region, 2016 – 2027
4.3.1 Market size, by region, 2016 – 2027
4.4.1 Market size, by region, 2016 – 2027
Chapter 5 Next Generation Sequencing Market, By Application
5.1 Key segment trends
5.2.1 Market size, by region, 2016 – 2027
5.3.1 Market size, by region, 2016 – 2027
18.104.22.168 Market size, by region, 2016 – 2027
5.3.3 Reproductive health
22.214.171.124 Market size, by region, 2016 – 2027
126.96.36.199 Market size, by region, 2016 – 2027
5.3.5 Infectious diseases
188.8.131.52 Market size, by region, 2016 – 2027
184.108.40.206 Market size, by region, 2016 – 2027
5.4.1 Market size, by region, 2016 – 2027
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