Press release
Europe's Next-Generation Sequencing (NGS) Services Market: Unveiling Trends and Sizing Up Opportunities and Industry Forecast, 2023-2032
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According to Porter's Five Forces analysis, the bargaining power of the supplier is high as products are highly differentiated. High switching cost leads to the low bargaining power of buyers. The threat of substitutes is low as few substitutes are available in the market. Many competitors with high exit barriers lead to intense competition in the market. The threat of new entrants is low as brand names are well known and profitability requires economies of scale. SWOT analysis helps in determining the internal and external environmental factors, which would help in strategic business planning. Analysis of key players and their strategies help in developing a market entry and expansion strategy.
Key Takeaways:
Surging Market Growth:
The Europe NGS Services Market is experiencing significant growth, driven by advancements in genomics, rising demand for personalized medicine, and increased research initiatives.
Technological Advancements:
Continuous innovations in NGS technologies are shaping the market landscape, enhancing sequencing accuracy, reducing costs, and expanding applications in various fields, from healthcare to agriculture.
Expanding Applications in Healthcare:
NGS services are increasingly utilized in healthcare for applications such as diagnostics, disease monitoring, and personalized medicine, contributing to improved patient outcomes and more effective treatment strategies.
Growing Demand for Precision Medicine:
The trend towards precision medicine is fueling the demand for NGS services, as genomic insights become integral to tailoring medical treatments to individual patient profiles, increasing treatment efficacy.
Rise in Clinical Genomics:
Clinical genomics is a key driver, with the integration of NGS services into routine clinical practices, enabling early disease detection, accurate diagnosis, and the development of targeted therapies.
Expanding Research Initiatives:
Increasing investments in research initiatives across academic, government, and private sectors are fostering collaborations and driving advancements in genomics, propelling the growth of NGS services.
KEY BENEFITS
The report offers an in-depth analysis of current and future market trend of the European NGS services market.
An in-depth analysis of dominant market shares for each segment helps in understanding the current market trend.
The report provides a detailed analysis of key driving and restraining factors of the European NGS services market.
This report offers an extensive quantitative analysis of the current market and estimations through 2015 and 2020, which assists in identifying the prevailing market opportunities.
The key manufacturers within the European NGS services market are profiled in the report.
Geographically, the European NGS services market is segmented into into U.K., Germany, France, Italy, Spain, Netherlands, Rest of the Europe (RoE).
The comprehensive SWOT analysis highlights the internal environment of the key manufacturers for effective strategy formulation.
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Competitive Landscape:
Mina INC.
Cegat (Centre for Genomics and Transcriptomics) GMBH
Microsynth AG
Genomnia SRL
Eurofins Genomics Inc.
Febit / Comprehensive Biomarker Center GMBH (CBC)
Seqomics
Source Bio Science
DNA Vision SA
Beijing Genomics Institute (BGI)
Macrogen Inc.
Market Segments
By Technology:
SBS
Ion Semiconductor
SBL
Pyro-Sequencing
SMRT
By Application:
Research applications
Clinical applications
Sequencing
RNA-sequencing
Targeted sequencing
Exome sequencing
Whole genome sequencing
Chip-sequencing
Methyl-sequencing
De novo sequencing
Other
By Disease Type:
Oncology
Lung cancer
Breast cancer
Prostate cancer
Colorectal cancer
Other
By End User:
Research centres, academic & government institutes
Hospitals & clinics
Pharmaceutical & biotechnology companies
Others
MARKET BY GEOGRAPHY
North America (U.S., Canada, Mexico)
Europe (France, Germany, Italy, Spain, UK, Rest of Europe)
Asia-Pacific (China, Japan, India, Rest of Asia-Pacific)
LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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