Next Generation Sequencing Market expected to reach US$ 26,501.25 Mn in 2025

The next generation sequencing market is expected to reach US$ 26,501.25 Mn in 2025 from US$ 5,731.28 Mn in 2017. The market is estimated to grow with a CAGR of 21.1% from 2018-2025.

This research report provides insights on the global next generation sequencing market. Next-generation sequencing (NGS), also known as high-throughput sequencing. NGS enables rapid sequencing of the base pairs in DNA or RNA samples. NGS is driving discovery and enabling the future of personalized medicine, genetic diseases, and clinical diagnostics.

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However, in this research study, the products of NGS have been classified into three broad segments as consumables, services and platforms. The growth of the Next generation sequencing in healthcare market is attributed to the increases in cancer prevalence, rise in funds and grants, focus of industry players and various meetings, conferences, workshops among others, are likely to propel the market growth. Additionally, technological development and decreasing price of sequencing is driving the growth of the market. However, factors such as risk associated with the genetic data, dearth of skilled professionals and high cost of equipment are restraining the market growth.

Company Profiles
Illumina, Inc.
Thermo Fisher Scientific
Qiagen N.V.
Beijing Genomics Institute
PerkinElmer, Inc.
F. Hoffmann-La Roche Ltd.
Agilent Technologies, Inc.
Eurofins Scientific
Oxford Nanopore Technologies, Ltd.
Macrogen, Inc.

The Next generation sequencing in healthcare market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth.

What’s included
Market Dynamics
Competitive Analysis
Market Trends And Market Outlook
Market Share And Market Size
Opportunities And Customer Analysis
Product Pricing Research

Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behavior & the growth of the market as well as industries.

The global Next Generation Sequencing market is segmented on the basis of component, application, end user and geography. The component segment includes, system and software, services and medical device. Based on application, the Next Generation Sequencing market is segmented as, Next Generation Sequencing and others. Based on end user, the market is segmented as, hospitals and clinics, clinical research organization, research and diagnostic laboratories and others.

The COVID-19 outbreak is currently going the world over, the Next Generation Sequencing Market report covers the impact of the corona-virus on top company’s growth. This research report categorizes as the key players in the Next Generation Sequencing market and also gives a comprehensive study of Covid-19 impact analysis of the market by regions like (Americas, Europe APAC, and EMEA).

The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic.

The report offers key drivers that propel the growth in the global Next Generation Sequencing market. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

This report focuses on the global Next Generation Sequencing market with the future forecast, growth opportunity, key market, and key players. The study objectives are to present the Next Generation Sequencing market development in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.

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