Global Next-generation Sequencing (NGS) Market: Emerging Trends, Major Key Players Agilent Technologies, Inc and BGI Group

According to the report, The global Next-generation Sequencing (NGS) market size is expected to reach $38.42 Billion by 2028 growing at the CAGR of 18.14% from 2021 to 2028. The major factor driving the growth of the Next-generation Sequencing (NGS) market is the growing adoption of genome sequencing for research, diagnosis, and treatment of various genetic disorders and cancers. In addition, the growing focus of governments and research organizations on Next-generation Sequencing (NGS) technology for the identification of multi-drug resistant mutant strains is also expected to fuel market growth. However, the high cost of Next-generation Sequencing (NGS) technology is expected to limit the market growth.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global NEXT-GENERATION SEQUENCING (NGS) industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Next-generation Sequencing (NGS) market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Next-generation Sequencing (NGS) players holding highest market share include Agilent Technologies, Inc, BGI Group , F. Hoffmann-La Roche AG and Illumina Inc. These players use acquisition as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Agilent Technologies, Inc
● BGI Group
● F. Hoffmann-La Roche AG
● Illumina Inc
● Precigen Inc., (Intrexon Bioinformatics Germany GmbH)
● Pacific Biosciences of California, Inc
● PerkinElmer, Inc.
● PierianDx Inc.
● Qiagen N.V.
● Thermo Fisher Scientific Inc.

Segmental Analysis

Market Segment By Product and Service with focus on market share, consumption trend, and growth rate of NEXT-GENERATION SEQUENCING (NGS) Market:
o Consumables
o Platforms
o Services
o Bioinformatics

Market Segment By Technology with focus on market share, consumption trend, and growth rate of NEXT-GENERATION SEQUENCING (NGS) Market:
o SBS
o SMRT

Market Segment By Application with a focus on market share, consumption trend, and growth rate of NEXT-GENERATION SEQUENCING (NGS) Market:
o Diagnostic
o Drug Discovery
o Agriculture

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Global Next-generation Sequencing (NGS) Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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