Press release
New Analysis from Global Industry Analysts Reveals Steady Growth for Next Generation Sequencing Market to Reach US$ 26,501.2 million Worldwide by 2025
The major players operating in the breast pump market Illumina, Inc., Thermo Fisher, Qiagen N.V., Beijing Genomics Institute, PerkinElmer, Inc., F.Hoffman-La Roche Ltd., Agilent Technologies, Eurofins Scientific, Oxford Nanopore Technologies Ltd. and Macrogen Inc. among others.
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Benefits of Report:
The report highlights trends prevailing in the market, and the factors driving and hindering the market growth.
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.
Increase in cancer cases are expected to be a prime factor driving the demand for NSG market in the coming years
Product-Based Insights:
The consumables segment has the major market share among the product segment. Consumables segment is poised to grow with a highest CAGR of 21.6% from 2016-2025. The segment is growing due to the consumables offered by various companies are widely accepted by the consumers and it provides accuracy and precision in the preparation of the NGS.
Technology-Based Insights:
The market is dominated by resequencing segment, by technology. This technological segment is expected to have a CAGR of 21.5% in the forecast period. The resequencing & targeted sequencing technology is growing due to the rising funding by various government bodies and usage of NGS in the resequencing and targeted sequencing
Strategic Insights
The Next generation sequencing in healthcare market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
Market Segmentation:
– by Product
Consumables
Services
Platforms
– by Technology
Genome Sequencing
Exome Sequencing
Resequencing & Targeted Sequencing
Other
– by Application
Diagnostics
Drug Discovery
Precision Medicine
Other
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Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.
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