openPR Logo
Press release

Next generation Sequencing Market by 2026 - Global Trends, Share Analysis, Leading Players, Business Opportunities

10-04-2022 10:02 AM CET | Health & Medicine

Press release from: MarketsandMarkets™

Next generation Sequencing Market

Next generation Sequencing Market

The next generation sequencing market is projected to reach USD 24.2 billion by 2026, growing at a CAGR of 18.7% during the forecast period.

Application of NGS in precision medicine and molecular diagnostics;

In personalized medicine, NGS tools are used to recognize gene expressions, which aids in the development of precision medicine, as per the patient's characteristics. The discovery of new biomarkers for various diseases, especially cancer, has brought about revolutionary changes in the fields of medical diagnostics. Continuous developments in sequencing technologies and a better understanding of genomics have increased the efficiency of biomarkers in disease detection. Since precise diagnosis and personalized medicine increase survival rates as well as reduce the financial burden on national health insurance programs, governments across the globe are expected to make significant investments in genome sciences, which will ensure a positive future demand for NGS in such applications.

Download PDF Brochure:

The NGS sequencing services segment is expected to grow at the highest growth rate in 2020.

Some institutes/organizations do not possess the infrastructure to carry out sequencing activities. Additionally, in cases where only a low number of samples need to be sequenced, outsourcing the NGS project is a time- and cost-efficient alternative to acquiring resources with specific skillsets and setting up the infrastructure necessary to carry out NGS efficiently. Therefore, the market is witnessing an increasing trend of outsourcing sequencing to firms at competitive prices. Some of the major players operating in the sequencing services market include BGI (China), Eurofins (Luxembourg), GENEWIZ (US), Macrogen (South Korea), PerkinElmer (US), QIAGEN (Netherlands), and Novogene (China). All of these players are certified service providers approved by sequencing platform companies. The expanding NGS services portfolio of companies, the complexity of NGS procedures, and the adoption of advanced NGS platforms by service providers are the major factors driving the growth of the NGS sequencing services segment.

By technology, nanopore sequencing segment is anticipated to grow at the fastest rate.

Nanopore sequencing, considered the fourth generation of sequencing, has emerged as a competitive, portable technology. This emerging technology has applications in basic research, disease/pathogen surveillance, environmental monitoring, food chain surveillance, and self-quantification and microgravity biology. Such factors are expected to drive growth for this segment.

Request Research Sample Pages:

North America accounted for the largest share of the next generation sequencing market in 2020.
Favorable initiatives by government and private bodies for the development and adoption of NGS technologies, wide adoption of NGS diagnostics in the region, increasing number of NGS-based research and clinical applications in the region, growing research on cancer and rising awareness of NGS services are some of the factors driving the regional market growth.

Key Market Players;

Illumina (US), Thermo Fisher Scientific (US), PerkinElmer (US), BGI Group (China), and Agilent Technologies (US), are the prominent players operating in the next generation sequencing market.

Speak to Analyst:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Next generation Sequencing Market by 2026 - Global Trends, Share Analysis, Leading Players, Business Opportunities here

News-ID: 2756060 • Views: 249

More Releases from MarketsandMarkets™

Population Health Management (PHM) Market worth $53.3 billion by 2027 - Leading …
Population Health Management (PHM) Market is projected to grow from USD 27.8 billion in 2022 to USD 53.3 billion by 2027, at a CAGR of 13.9% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Growth in this market is driven by the opportunities offered by the emerging markets in healthcare. However, lack of data management, and interoperability issues are expected to challenge the growth of this
Veterinary Pain Management Market worth $2.5 billion - Leading Key Players are B …
Veterinary Pain Management Market is projected to grow from USD 1.8 billion in 2022 to USD 2.5 billion by 2027, at a CAGR of 6.7% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Pain is the physiological term to describe the chemical processes that are at work in the body that receive a stimulus, modify it, and transfer it to the brain for interpretation and reaction.
Clinical Chemistry Analyzers Market by 2026 - Global Trends, Share Analysis, Lea …
The global clinical chemistry analyzers market size is projected to reach USD 15.2 billion by 2026 from USD 12.3 billion in 2021, at a CAGR of 4.3%. Rising geriatric population and the increasing prevalence of chronic & lifestyle diseases; The rising geriatric population in developed and developing regions will positively influence the growth of the clinical chemistry analyzers market. Due to rapid growth in the senior population, the prevalence of age-associated diseases
Microcarrier Market by 2026 - Global Trends, Share Analysis, Leading Players, Bu …
The microcarrier market is projected to reach USD 2.9 billion by 2026 from USD 1.7 billion in 2021, at a CAGR of 10.7% during the forecast period. Rising demand for cell-based vaccines; The growth in population, climate change, and increasing contact between humans and animals have increased the threat of new virus outbreaks. Influenza and COVID-19, for example, have proven unpredictable and recurring events that pose a significant economic and social burden.

All 5 Releases

More Releases for NGS

Global NGS Newborn Genetic Testing /Screening Market
According to a new market research report published by Global Market Estimates, the Global NGS Newborn Genetic Testing /Screening Market is projected to grow at a CAGR of 17.5% from 2022 to 2027. LifeCell International Pvt. Ltd, BGI, PerkinElmer Genomics, CENTOGENE N.V., CryoCell International, Fulgent Genetics, Igenomix, Veritas Intercontinental, GENEPATH, and MedGenome among others, are some key players in the NGS newborn genetic testing /screening market. Browse 155 Market Data Tables
Global NGS Newborn Genetic Testing/Screening Market
According to a new market research report published by Global Market Estimates, the Global NGS Newborn Genetic Testing/Screening Market is projected to grow at a CAGR value of 12.7% between 2022 and 2027. The NGS newborn genetic testing/screening market is driven mainly by the growing incidence of genetic disorders, the increasing adoption of NGS diagnostics, the growing incidence of newborn fatalities, and the rising investment in newborn testing facilities. Browse 151
NGS-based RNA-seq Market 2022 | Detailed Report
Global NGS-based RNA-seq Market 2022-2028, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team. Download FREE Sample Report @ The report provides a
NGS Sample Preparation Market Size - Forecasts to 2026
The NGS Sample Preparation Market will grow with a CAGR value of 19.20 percent. NGS is a technique for assessing the DNA/RNA sequence to analyses genetic diversity linked to disease or other biological phenomena. Advancements in NGS platforms and the declining cost of sequencing are supporting the market growth. Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “NGS Sample Preparation Market - Forecast
Next Generation Sequencing (NGS) Data Analysis Market Research Report 2020Next G …
The Next Generation Sequencing (NGS) Data Analysis Market report helps identify the biggest opportunities in Next Generation Sequencing (NGS) Data Analysis industry space and offers accurate latent demand forecasting that empowers quantitative decision making among Next Generation Sequencing (NGS) Data Analysis market players and new entrants. Investors will gain a clear insight on the dominant players in Next Generation Sequencing (NGS) Data Analysis industry and their future forecasts. Furthermore, readers
Global NGS Library Preparation Market (2018-2023)
Market Research Report Store offers a latest published report on NGS Library Preparation Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global NGS Library Preparation players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the NGS Library Preparation with