Next-generation Sequencing (NGS) Market is projected to expand at a steady CAGR over the forecast by 2031 | Agilent Technologies, BGI Group, F. Hoffmann-La Roche AG, Illumina, Precigen, Pacific Biosciences of California, PerkinElmer

Global Next-generation Sequencing (NGS) Market report from Global Insight Services is the single authoritative source of intelligence on Next-generation Sequencing (NGS) Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Next-generation sequencing (NGS) is a type of DNA sequencing technology that is used to determine the precise order of nucleotides in a genome. NGS is also used to identify mutations, SNPs, and other variations in a genome. NGS technology has revolutionized the field of genomics by providing a more rapid and cost-effective method for sequencing genomes. NGS can sequence an entire human genome in a matter of days, whereas it would take months or years to sequence a genome using traditional methods.

Key Trends
The key trends in NGS technology are:

Increased throughput and efficiency: New sequencing technologies are capable of sequencing entire genomes in a single run, and can do so much faster and more cheaply than ever before. Improved data quality: NGS technologies produce data of much higher quality than older sequencing technologies, making it possible to detect previously undetectable mutations and variations.

Key Drivers:
The key drivers of the Next-generation Sequencing (NGS) market are the declining costs of sequencing, the increasing availability of sequencing platforms, and the increasing demand for sequencing services. The declining costs of sequencing are driven by the continued development of new sequencing technologies and the increasing scale of sequencing operations. The cost of sequencing a human genome has fallen from over $100 million in 2001 to less than $1,000 in 2016, and is projected to continue to decline in the future.

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Market Segments

- By Product:
Consumables
Services

- By Application:
Diagnostics
Biomarkers and Cancer
Reproductive Health
Personalized Medicine
Agriculture and Animal Research
Other Applications

- By Technology:
Sequencing by Synthesis
Ion Semiconductor Sequencing
Sequencing by Ligation
Pyrosequencing
Single Molecule Real Time Sequencing
Other Technologies

- By End User:
Academic and Research Centers
Pharmaceutical and Biotechnology Companies
Hospitals and Clinics
Others

Key Players:

- Agilent Technologies, Inc
- BGI Group
- F. Hoffmann-La Roche AG
- Illumina Inc
- Precigen Inc.
- Pacific Biosciences of California, Inc
- PerkinElmer, Inc.
- PierianDx Inc.

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