Next-Generation Sequencing (NGS) Market Size, Companies Share, Growth, Opportunities, Trends And Scope Forecast To 2022-2027

According to IMARC Group's latest report, titled "Next-Generation Sequencing (NGS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global next-generation sequencing (NGS) market reached a value of US$ 13.82 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 40.25 Billion by 2027, exhibiting at a CAGR of 19.5% during 2022-2027.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Next-generation sequencing refers to the process of determining the sequence of nucleotides in DNA. It involves various procedures, such as sequencing by synthesis (SBS), ion semiconductor sequencing, nanopore sequencing, and single-molecule real-time (SMRT) sequencing. Next-generation sequencing is a cost-effective solution that offers faster and highly precise results. This enables the analysis of millions of DNA molecules, which facilitates research activities in the fields of personalized and genetic medicines, agriculture and animal research, and clinical diagnostics.

Market Trends and Drivers:

The growing prevalence of chronic diseases, such as cancer, along with several technological advancements in the field of medical sciences are primarily driving the next generation sequencing market. Furthermore, due to the widespread utilization of liquid biopsies in cancer diagnosis, there has been an increasing demand for NGS technologies. These technologies utilize cell-free circulating tumor DNA (ctDNA) as a non-invasive cancer biomarker for real-time cancer monitoring and detection. Additionally, the increasing adoption of genome mapping solutions to forecast and analyze numerous chronic ailments is also propelling the market. Other factors, such as declining costs of NGS technologies and numerous R&D activities in the field of sequencing chemistry, are further expected to drive the next generation sequencing (NGS) market growth in the coming years.

Next-Generation Sequencing (NGS) Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the next-generation sequencing market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Agilent Technologies
Becton Dickinson and Company
10x Genomics
BGI Group
Eurofins Scientific
F. Hoffmann-La Roche AG
Illumina Inc.
Genewiz, Macrogen
Oxford Nanopore Technologies
Pacific Biosciences
PerkinElmer
Thermo Fisher Scientific
Qiagen N.V.
GenapSys Inc.

Key Market Segmentation:

The report has segmented the global next-generation sequencing market on the basis of sequencing type, product type, technology, application, end-user and region.

Breakup by Sequencing Type:

Whole Genome Sequencing
Targeted Resequencing
Whole Exome Sequencing
RNA Sequencing
CHIP Sequencing
De Novo Sequencing
Methyl Sequencing
Others

Breakup by Product Type:

Instruments
Reagents and Consumables
Software and Services

Breakup by Technology:

Sequencing by Synthesis
Ion Semiconductor Sequencing
Single-Molecule Real-Time Sequencing
Nanopore Sequencing
Others

Breakup by Application:

Drug Discovery and Personalized Medicine
Genetic Screening
Diagnostics
Agriculture and Animal Research
Others

Breakup by End-User:

Academic Institutes & Research Centers
Hospitals & Clinics
Pharmaceutical & Biotechnology Companies
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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