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NGS-Based RNA-Sequencing Market Is At A CAGR Of 22.5% During The Forecast 2022-2032 | Agilent Technologies , BGI Group, Eurofins Scientific SE

12-28-2023 08:11 AM CET | Health & Medicine

Press release from: Global Insight Services

The global NGS-based RNA Sequencing Market was valued at USD 2.8 Billion in 2022 and it is anticipated to grow up to USD 21.3 Billion by 2032, at a CAGR of 22.5% during the forecast period.

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NGS-based RNA Sequencing is used to protect against the intentional interference of electronic signals. This equipment can be used to protect against radio frequency interference (RFI), electromagnetic interference (EMI), or other types of signal interference. There are a variety of anti-jamming technologies that can be used, depending on the type of interference that is being protected against. For example, RFI jamming can be countered with frequency-hopping spread spectrum (FHSS) technology, while EMI jamming can be countered with pulse-code modulation (PCM) or other digital modulation techniques.

Market Trends and Drivers

Advantages offered by NGS-based RNA sequencing such as it provides a sensitive, and accurate assay of gene expressions which is increasingly the method of choice for scientists researching on the transcriptome. Moreover, RNA sequencing based on NGS captures both known and novel features. Also, it can generate both qualitative and quantitative data, saving the research time. The market is anticipated to be driven by significant factors, including an increase in cancer incidence, government research grants, and molecular biology technical developments. Moreover, contrarily, large-scale whole-genome sequencing (WGS), one of the most preferred methods in agriculture, forensics, and biofuels, is now affordable and manageable for a typical researcher by next-generation sequencing (NGS). It enables researchers to sequence thousands of genomes in a single year or to study the whole human genome in a single sequencing session.

Report Overview- https://www.globalinsightservices.com/reports/ngs-based-rna-sequencing-market

Technological advancements in next-generation Sequencing (NGS) by top players are another factor increasing the growth of the global NGS-based RNA sequencing market. Illumina introduced its iSeq 100 System, a semiconductor sequencing technology. Sequencing by synthesis (SBS) chemistry is combined with a semiconductor chip in semiconductor sequencing technology.

Major Players in the Global Catamaran Market

The key players in the NGS-based RNA Sequencing Market are Agilent Technologies, Inc. , BGI Group, Eurofins Scientific SE, Genewiz, Inc. , F. Hoffman- La Roche AG, Thermo Fisher Scientific , Zymo Research Corporation, Psomagen, Inc. , Hamilton Company , Qiagen N.V. among others.

COVID-19 Impact:

Throughout the COVID-19 pandemic, government authorities across the world are constantly working with the private sector to bring NGS technology as a potential diagnostic tool into the market. In June 2020, the United States Food and Drug Administration (USFDA) issued an emergency use authorization (EUA) to Illumina Inc. for the first COVID-19 diagnostic test utilizing next-generation sequence technology. The FDA authorized the Illumina COVIDSeq Test for the qualitative detection of SARS-CoV-2 RNA. Thus, the use of NGS technology is expected to rise throughout the pandemic phase.

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Global NGS-based RNA Sequencing Market Segmentation

By Product & Services

Sample Preparation
Platforms & Consumables
Services
Data Analysis

By Technology

Single-Molecule Real-Time Sequencing
Ion Semiconductor Sequencing
Sequencing By Synthesis
Nanopore Sequencing

By Application

De novo
Epigenetics
Small RNA

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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