Press release
Sequencing Success: Asia-Pacific's Next Generation Sequencing (NGS) Market Poised to Reach a Staggering $6.38 Billion by 2030
As a leading global market research company, Meticulous Research® has recently released an in-depth analysis in the form of a research report titled "Asia-Pacific Next Generation Sequencing (NGS) Market by Offering (Kits [Library Prep, QC, DNA Extraction], System) Type (Genome, Exome, Targeted) Application (Reproductive, Oncology) Technology (SBS, Nanopore, Nanoball, SMRT Seq) - Forecast to 2030."
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5722
In this latest publication, Meticulous Research® forecasts robust growth for the Asia-Pacific NGS Market, anticipating a Compound Annual Growth Rate (CAGR) of 16.9%, propelling it to a remarkable $6.38 billion valuation by the year 2030. The report outlines key drivers, including the increasing prevalence of cancer, the expanding role of NGS in cancer treatment and research, decreasing genome sequencing costs, technological advancements, and rising pharmaceutical Research and Development (R&D) expenditures. Nevertheless, challenges such as the high costs of NGS systems and consumables, along with alternative technology availability, are noted as potential constraints.
The report further emphasizes significant growth opportunities, citing the expanding applications of NGS, increased adoption of bioinformatics and genomic data management solutions, and governmental support for large-scale genomic sequencing initiatives. However, hurdles such as a shortage of skilled professionals and regulatory concerns in diagnostic testing present challenges to market growth.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/asia-pacific-next-generation-sequencing-market-5722
Key Players at the Helm
Leading the charge in the Asia-Pacific NGS market are prominent players such as Thermo Fisher Scientific Inc., Illumina, Inc., Qiagen N.V., F. Hoffmann-La Roche Ltd, PerkinElmer, Inc., Agilent Technologies, Inc., Pacific Biosciences of California Inc., Danaher Corporation, Bio-Rad Laboratories, Inc., Oxford Nanopore Technologies Plc., and 10X Genomics, Inc.
A Glimpse into the Future
The Asia-Pacific NGS market is intricately segmented based on Offering, Sequencing Type, Technology, Applications, End User, and Geography. Notable insights from the report include the anticipation that consumables, particularly sample preparation consumables, will dominate the market in 2023. Targeted genome sequencing is projected to hold the largest share among sequencing types, while sequencing by synthesis is expected to be the leading technology. The pharmaceutical & biotechnology companies' segment is poised to be the most significant end-user, and China is expected to spearhead market growth within the Asia-Pacific region in 2023.
Quick Buy: https://www.meticulousresearch.com/Checkout/96788787
Meticulous Research®'s comprehensive report provides an in-depth analysis of the market landscape, covering China, Japan, India, Singapore, Australia, and the Rest of Asia-Pacific, with China projected to take the lead in 2023. Factors contributing to China's growth include favorable government initiatives for genomics research, increasing NGS-based research applications, heightened awareness of NGS-based tests, and a rising incidence of cancer and genetic diseases.
For further information and detailed insights, refer to Meticulous Research®'s latest report on the Asia-Pacific NGS Market, offering a roadmap to navigate the evolving landscape of genomics and sequencing technologies in the region.
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5722
Related Research:
1. Latin America Next Generation Sequencing (NGS)Market by Type (Consumables, NGS Platform), Sequencing Type (Whole Genome, Targeted), Technology (Sequencing by Synthesis, Sequencing by Ligation), Application (Clinical, Research), End User - Forecast to 2027 https://www.meticulousresearch.com/product/latin-america-next-generation-sequencing-market-5106
2. Next Generation Sequencing (NGS) Market by Offering (Kits [Library Prep, QC, DNA Extraction], System) Type (Genome, Exome, Targeted) Application (Reproductive, Oncology, Infectious) Technology (SBS, Nanopore, Nanoball, SMRT Seq) - Global Forecast to 2030 https://www.meticulousresearch.com/product/next-generation-sequencing-market-5040
3. Next Generation Sequencing (NGS) Informatics Market by Offering (Data Analysis, Interpretation & Reporting, Storage & Computing, LIMS) Application (Diagnostic, Drug Discovery, Precision Medicine, Biomarker Discovery) End User - Global Forecast to 2030 https://www.meticulousresearch.com/product/ngs-informatics-market-3483
1. Europe NGS Market by Offering (Kits [Library Prep, QC, DNA Extraction], System), Type (Genome, Exome, Targeted), Application (Reproductive, Oncology, Infectious, CVD, Drug Discovery), Technology (SBS, Nanopore, Nanoball, SMRT Seq, DNB) - Forecast to 2030 https://www.meticulousresearch.com/product/europe-ngs-market-5744
2. Middle East & Africa NGS Market by Offering (Kits [Library Prep, QC, DNA Extraction], System) Type (Genome, Exome, Targeted), Application (Reproductive, Oncology, Infectious, Drug Discovery), Technology (SBS, Nanopore, Nanoball, SMRT Seq) - Forecast to 2031
https://www.meticulousresearch.com/product/middle-east-and-africa-ngs-market-5786
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