Next Generation Sequencing Market 2022 Analysis By Size, Share, Growth, Trends Up To 2031 | Illumina, Inc., Thermo Fisher Scientific Inc., QIAGEN, Agilent Technologies, Inc., Pacific Biosciences of California Inc.

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According to The Business Research Company's Next Generation Sequencing market report, the next generation sequencing market reached a value of nearly $6,678.3 million in 2019, having increased at a compound annual growth rate (CAGR) of 11.0% since 2015. The market is expected to grow from $6,678.3 million in 2019 to $12,612.1 million in 2023 at a rate of 17.2%. The growth is mainly due to the growing number of chronic diseases and government initiatives. The market is expected to grow from $12,612.1 million in 2023 to $17,763.7 million in 2025 at a CAGR of 18.7%. The market is expected to grow and reach $40,309.1 million in 2030 at a CAGR of 17.81%.

Rise in funding from governments and private organizations drove the market for next generation sequencing technology during the historic period. Next generation sequencing technology's increasing applications in disease diagnosis and precision medicine attracted funding from government and private organizations. For example, in May 2018, the government of Australia launched the Australian Genomics Health Futures Mission, which is expected to improve the healthcare of more than 200,000 Australians through genomic research. The mission was launched with an investment of approximately $500 million to expand access to new research capabilities, clinical trials, and technologies for betterment of the healthcare sector.

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The Next Generation Sequencing market is segmented -
• By Product Type : Kits And Consumables, Software, Instruments
• By Technology : Ion Semiconductor Sequencing, Sequencing By Synthesis, Single-Molecule Real-Time Sequencing, Other Sequencing Technologies, Nanopore Sequencing
• By Application : Drug Discovery, Diagnostics, Telepsychiatry
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Next Generation Sequencing market.

Major competitors in the Next Generation Sequencing market include Illumina, Inc., Thermo Fisher Scientific Inc., QIAGEN, Agilent Technologies, Inc., Pacific Biosciences of California Inc.

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The next generation sequencing market consists of sales of devices/equipment used, along with reagents and software in next generation sequencing and related services by entities (organizations, sole traders and partnerships) that manufacture next generation sequencing equipment. Next-generation sequencing (NGS) is an advanced sequencing technology that allows DNA and RNA to be sequenced much faster and more cost effectively than traditionally used sequencing, such as Sanger sequencing.

The Table Of Content For The Next Generation Sequencing Market Include:
1. Next Generation Sequencing Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
22. Key Mergers And Acquisitions In The Next Generation Sequencing Market
23. Next Generation Sequencing Market Opportunities And Strategies
24. Next Generation Sequencing Market, Conclusions And Recommendations
25. Appendix

The Business Research Company's "Global Next Generation Sequencing Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.

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