Press release
Third-Generation Sequencing Market Pin-Point Analysis for Changing Competitive Dynamics | Illumina, Inc., Thermo Fisher Scientific Inc., QIAGEN N.V., Agilent Technologies
The global market for Third-Generation Sequencing was estimated to be worth US$ 8.93 billion in 2022 and is anticipated to grow at a CAGR of 13.2% between 2023 and 2029 to reach US$ 23.92 billion. The market for technologies and services pertaining to third-generation sequencing platforms is referred to as the third-generation sequencing (TGS) market. By enabling longer read lengths, real-time sequencing capabilities, and the direct sequencing of DNA or RNA molecules, these platforms outperform conventional second-generation sequencing techniques.
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Key Players Mentioned in the Third-Generation Sequencing Market Research Report:
Pacific Biosciences of California, Inc., Oxford Nanopore Technologies, Ltd., BGI Genomics Co., Ltd., F. Hoffmann-La Roche AG, Illumina, Inc., Thermo Fisher Scientific Inc., QIAGEN N.V., Agilent Technologies, Inc., GenapSys Inc., Loop Genomics, Nabsys, Inc., Genia Technologies, Inc., Stratos Genomics, Inc., GATC Biotech AG, Phase Genomics, Inc. and other.
Thermo Fisher Scientific Launches CE-IVD (IVDD) Next-Generation Sequencing Test and Analysis Software to Expand Access to Precision Oncology Biomarker Testing
CARLSBAD, Calif.- Next-generation sequencing (NGS) is quickly becoming the platform of choice for tumor molecular profiling due to its ability to simultaneously report on multiple biomarkers. However, lengthy turnaround times can limit the clinical utility of these results. To meet the need for rapid genomic insights, Thermo Fisher Scientific today launched the CE-IVD (IVDD) Oncomine Dx Express Test and Oncomine Reporter Dx for use in clinical labs.
The scope of the project, production, manufacturing value, loss/profit and supply/demand are all depicted in great detail. The market research then forecasts Third-Generation Sequencing market Distribution Units business growth patterns. It also contains information on strategic partnerships. A feasibility analysis, a SWOT analysis, and a return on investment analysis are all included in this study.
Third-Generation Sequencing Market Segmentation:
This research report categorizes the Third-Generation Sequencing market into the following segments and subsegments:
Market by Type:
Single Molecule Real Time (SMRT) DNA Sequencing
Nanopore-based Single-Molecule Analysis Technology
Other
Market by Application:
Oncology
Hereditary Disease Detection
Life Science
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Region enclosed are: North America, Europe, Asia Pacific, Oceania, South America, geographical region & continent
Country Level Break-Up: u. s., Canada, Mexico, Brazil, Argentina, Colombia, Chile, Nigeria, Tunisia, Morocco, Germany, uk (UK), Holland, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, China, Japan, Taiwan, South Korea, Singapore, India and Australia etc.
North America, particularly the United States, has been a leading market for TGS technologies, driven by significant investments in genomics research, advancements in healthcare, and the presence of major sequencing companies. Europe has also shown significant interest in TGS, with countries like the United Kingdom, Germany, and France being key players in the genomics and sequencing market. This region holds a substantial percentage of the market share, accounting for approximately 40%.
Europe: European countries have also been active in the TGS market. Countries like the United Kingdom, Germany, and France have made significant investments in genomics research and are home to prominent academic and research institutions. The European Union has supported genomics initiatives, which have fostered the development and adoption of TGS technologies. Europe holds around 30% of the market share.
Asia Pacific has emerged as a rapidly growing market for TGS technologies. Countries such as China, Japan, and South Korea have made substantial investments in genomics research and have a growing biotechnology industry. These factors contribute to the increasing adoption of TGS platforms and the development of regional market opportunities. Asia Pacific accounts for approximately 20% of the market share.
Global Third-Generation Sequencing Market Forecast | Influencing Factors | Historic Data
Market Size Forecast: Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
Global Third-Generation Sequencing Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
Key Data (Revenue): Global Third-Generation Sequencing Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
Global Third-Generation Sequencing Market Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Competitive Landscape: By Manufacturers, Development Trends.
Industry Trends: Global Revenue, Status, and Outlook.
Market Segment: By Types, By Applications, By Regions/ Geography.
Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
Market Environment: Government Policies, Technological Changes, Market Risks.
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Strategic Points lined in Table of Content of Third-Generation Sequencing Market:
Chapter 1: Introduction, market actuation product Objective of Study and analysis Scope market (2023-2029).
Chapter 2: Exclusive outline - the fundamental info of the world Third-Generation Sequencing Market.
Chapter 3: ever-changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the market; Post COVID Analysis.
Chapter 4: Presenting the world Market correlational analysis, Post COVID Impact Analysis, Porters 5 Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by kind, user and Region/Country 2018-2023.
Chapter 6: Evaluating the leading makers of the world Market that consists of its Competitive Landscape, generation Analysis, Company Profile.
Chapter 7: to guage the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these numerous regions (2023-2029).
… To be continued
Key Questions Answered in the Report:
(1) What are the growth opportunities for the new entrants in the Third-Generation Sequencing industry?
(2) Who are the leading players functioning in the Third-Generation Sequencing marketplace?
(3) What are the key strategies participants are likely to adopt to increase their share in the industry?
(4) What is the competitive situation in the market?
(5) What are the emerging trends that may influence the market growth?
(6) Which product type segment will exhibit high CAGR in future?
(7) Which region is lucrative for the manufacturers?
What Information does this report contain?
CUSTOMS DATA - Detailed Data covers 100% complete customs-based data with Importer and Exporter Details along with other shipment information.
STATISTICL DATA - Statistical Data does not contain Companies' Names but it has other useful information such as Quantity, Country, Price, etc.
TRANSIT DATA - Transit Data covers information of import-export shipments of the land locked countries, which pass through different customs territories.
BL DATA - This data is based on Bill of lading documents. It contains companies' details but pricing information is not available.
SUEZ CANAL BL DATA - Suez Canal Data contains bill of lading data of shipments, which move through Suez Canal.
MIRROR DATA - Mirror Data contains information, which is reported by partner countries of countries that do not report their trade data.
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