Next Generation Sequencing Market is Estimated to Grow at a CAGR of 7.9% within the forecast period of 2023-2030: Cognitive Market Research

Global Next Generation Sequencing market Overview:
Next Generation Sequencing (NGS) is an enormously parallel sequencing technology, which provides ultra-high throughput, scalability, and high speed to regulate the sequence of nucleotides in the complete genome. DNA pre-sequencing is one of the most important steps in the complete sequencing protocol as it includes the preparation of samples for the successive sequencing reaction. NGS is gradually being integrated into clinical disease diagnostics, laboratory analysis, and testing in healthcare sectors, across the globe.

Summary:
• As per the study of CMR, The Global Next Generation Sequencing market is estimated to be valued at USD 2,174.6 million in 2022 and is expected to exhibit a CAGR of 7.9% during the forecast period (2023-2030).
• NGS consumable segment dominates the global market in terms of revenue share
• North America dominates the global Next Generation Sequencing market with the highest revenue share

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Global Next Generation Sequencing market Dynamics:
The increase in genome mapping programs, and growing applications of Next Generation Sequencing are the major factor that drives the demand for the global Next Generation Sequencing market. In addition, the increase in healthcare spending; and technological developments in sequencing platforms drive the demand for the target market.
Furthermore, increases in research and development activities and technological advancement in NGS will provide the opportunity for the global market.
However, the lack of skilled experts, and ethical and legal limitations related to NGS are anticipated to hamper the market expansion during the forecast period.

Global Next Generation Sequencing market segmentation:
Product:
• Platforms
• Consumables
• Others
NGS consumable segment dominates the global market in terms of revenue share, due to rising demand for kits and reagents for sequencing procedures.

Technology:
• WGS
• Whole Exome Sequencing
• Targeted Sequencing & Resequencing

Application:
• Reproductive Health
• Diagnostics
• Biomarkers and Cancer
• Personalized Medicine
• Agriculture and Animal Research
• Other Applications
By application, the biomarkers and cancer segment are forecasted to dominate the global market. An increase in incidences of cancer and development in technology in Next Generation Sequencing drives the demand for the global market.

End User:
• Hospital
• Research Centers
• Pharma and Biotech Firms
• Others
The research centers segment has the largest revenue share for the growth of the global market. A rise in application-based usage in these institutes and an increase in oncology research dominate the global market.

Competitive Analysis of Next Generation Sequencing Market: DNAnexus, DNASTAR, Eagle Genomics, Edge Biosystems, GENEWIZ, Roche, Agilent Technologies, Biomatters, CLC Bio, GATC biotech, Macrogen, BGI (Beijing Genomics Institute), Illumina, Life Technology, EMC, Dnastar

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North America has the highest revenue share in the global Next Generation Sequencing market:
North America dominates the global Next Generation Sequencing market with the highest revenue share. This is attributed to the presence of an increase in R&D investment, and the availability of a technologically advanced healthcare research structure. Furthermore, Asia Pacific is forecasted to dominate the global market in terms of growth rate. The presence of significant developments by China and Japan for technological integration of NGS methodologies dominates the target market in the country in the region.

Global Next Generation Sequencing market Recent development:
SOPHiA GENETICS announced a partnership with Qiagen that will pair QIAseq reagent technology
In March 2023, The company SOPHiA GENETICS announced a partnership to enhance tumor analysis through Next Generation Sequencing (NGS) with Qiagen that will pair QIAseq reagent technology with the DDM platform

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Next Generation Sequencing Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Next Generation Sequencing Market Segmentation
1.5.1 Next Generation Sequencing Market Regional Fragmentation
1.5.1 Next Generation Sequencing Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Next Generation Sequencing Market
• 3.1 Global Next Generation Sequencing Market Size 2018 - 2030, (USD Million)
• 3.2 Global Next Generation Sequencing Value, Absolute & Opportunity Analysis
• 3.3 Global Next Generation Sequencing Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Next Generation Sequencing Market Statistics 2022: Snapshot
Chapter 4 Global Next Generation Sequencing Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Next Generation Sequencing Market by Product Segmentation Analysis (2018-2030)
Chapter 10 Global Next Generation Sequencing Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Next Generation Sequencing Market by Technology Segmentation Analysis (2018-2030)
Chapter 12 Global Next Generation Sequencing Market by End User Segmentation Analysis (2018-2030)
Chapter 13 Global Next Generation Sequencing Market Regional Analysis
Chapter 14 North America Next Generation Sequencing Market Outlook (2018 - 2030)
Chapter 15 Europe Next Generation Sequencing Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Next Generation Sequencing Market Outlook (2018 - 2030)
Chapter 17 Latin America Next Generation Sequencing Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Next Generation Sequencing Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Next Generation Sequencing Market TOC click here: https://www.cognitivemarketresearch.com/next-generation-sequencing-market-report#table_of_contents

Related Report:
• Next Generation Sequencers Market- https://www.cognitivemarketresearch.com/next-generation-sequencers-market-report
• DNA Sequencing Equipment Market- https://www.cognitivemarketresearch.com/dna-sequencing-equipment-market-report
• DNA Sequencing Market- https://www.cognitivemarketresearch.com/dna-sequencing-market-report
• Clinical Next Generation Sequencing Market- https://www.cognitivemarketresearch.com/clinical-next-generation-sequencing-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
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