Next-generation Sequencing (NGS) Market : Size, Share, Analysis, Growth and Forecast 2022-2031 | Agilent Technologies, Inc, BGI Group, F. Hoffmann-La Roche AG, Illumina Inc

New York, According to a new market research report published by Global Insight Services Next-generation Sequencing (NGS) Market is expected to reach US$ XX bn by 2031. 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.

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.

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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.

Increased applicability: NGS is being used in an ever-widening range of applications, from disease diagnosis and treatment to population genetics and evolutionary studies.

New data analysis methods: As NGS data sets become larger and more complex, new methods of data analysis are needed to make sense of them.

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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.

The increasing availability of sequencing platforms is driven by the continued development of new sequencing technologies and the increasing number of sequencing service providers.

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Market Segments

By Product

Consumables
Services

By Application

Diagnostics
Biomarkers and Cancer
Reproductive Health
Personalized Medicine
Agriculture and Animal Research

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.
Qiagen N.V.
Thermo Fisher Scientific Inc.
Illumina
QIAGEN
Eurofins Scientific

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Reasons to buy Next-generation Sequencing (NGS) Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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