Next-Generation Sequencing Services Market 2024 Strategic Assessment 2031

In recent years, North America region held the largest Global next-generation sequencing services market share and accounted for approximately 45% revenue share during 2021 on account of features such a strong regulatory framework for the approval and use of genetic tests, an established informatics network, and the presence of market leaders in the area. Additionally, it is projected that the expanding number of FDA-approved genetic tests in the U.S. will fuel the local market throughout the course of the forecast period. Pharmaceutical businesses in North America are prioritising the introduction of comprehensive genome sequencing efforts, the establishment of reimbursement and regulatory guidelines for NGS-based diagnostic tools, and the creation of precision and personalised medicines. The Research report on Next-Generation Sequencing Services Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.

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Global Next-Generation Sequencing Services Market size was valued at USD 4.16 billion in 2019 and is poised to grow from USD 7.31 billion in 2023 to USD 24.5 billion by 2031, growing at a CAGR of 22.56% in the forecast period (2024-2031).

The new study offers a brief evaluation of the Next-Generation Sequencing Services market statistics, which are subdivided into the regions, countries as well as subregions. This report is helpful to remark the possible estimations and projection regarding the growth strategies of the global Next-Generation Sequencing Services market. It also summarizes possible profit opportunities, sales/demand, production as well as consumption analysis, in involvement to Next-Generation Sequencing Services industry share in each nation and sub-region. The geographical segment of the Next-Generation Sequencing Services market report illustrates the industry share as well as growth rates of each region during the estimated period from 2024 to 2031.

Global urbanization and rapid industrialization have increased the need for new market Growth. This has prompted a rise in the use of Next-Generation Sequencing Services. Additionally, massive amounts of money are being spent by governments and the private sector globally on Next-Generation Sequencing Services industry, which is further boosting the market's expansion. The amount that regional governments are investing to improve the current investment is increasing as part of their global market plans. The whole research report on the Next-Generation Sequencing Services market concentrated on the valuable data and various other factors. Additionally, the report delivers a comprehensive overview, pie charts, tables, diagrams, and tables to assist the growth of the Next-Generation Sequencing Services market.

Next-Generation Sequencing Services Market Segmental Analysis

Global Next-Generation Sequencing (NGS) Services Market is segmented based on the service type, workflow, technology, application, end user, and region.

Based on service type, the Next-Generation Sequencing Services Market is segmented into Human Genome Sequencing, Single Cell Sequencing, Microbial Genome-based Sequencing, Gene Regulation Services, Animal & Plant Sequencing and other Sequencing Services.
Based on workflow, Next-Generation Sequencing Services Market is segmented into Pre-sequencing, Sequencing and Data Analysis.
Based on technology, the Next-Generation Sequencing Services Market is segmented into Sequencing By Synthesis (SBS), Ion Semiconductor Sequencing (IOS), Single-molecule Real-time Sequencing (SMRT), Nanopore Sequencing and others.
On the basis of application, the Next-Generation Sequencing Services Market is sub segmented Diagnostics, Drug Discovery, Biomarker Discovery, Agriculture & Animal Research and other Applications.
According to end users Next-Generation Sequencing Services Market is divided into Universities & Other Research Entities, Hospitals & Clinics, Pharma & Biotech Entities and others.

Next-Generation Sequencing Services Market Top Player's Company Profiles

Eurofins scientific,
Illumina, Inc.
Thermo Fisher Scientific, Inc.
Pacific Biosciences of California, Inc.
BGI Group
Qiagen N.V.
Oxford Nanopore Technologies, Ltd.
F. Hoffmann-La Roche Ltd.
Becton, Dickinson and Company
GENEWIZ, Inc.
Perkinelmer Inc.
Macrogen, Inc.
Agilent Technologies, Inc.
GATC Biotech AG
Partek Incorporated
PierianDx
NantOmics, LLC
10x Genomics, Inc.
GenScript Biotech Corporation
DNASTAR, Inc.

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Essential regions of the Next-Generation Sequencing Services market are:

• Next-Generation Sequencing Services North America Market includes (Canada, Mexico, USA)
• Next-Generation Sequencing Services Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Next-Generation Sequencing Services Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Next-Generation Sequencing Services South America Market includes (Brazil, Argentina)

FAQs: -

1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the world market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?

What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Next-Generation Sequencing Services industry.

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Pivotal questions answered in the global Next-Generation Sequencing Services market report:

• What are the major value propositions of the Next-Generation Sequencing Services market?
• What are the new strategical frameworks that are mobilized among players to accomplish resilience in the wake of the COVID-19 pandemic?
• What technologies are expected to adopt the new regulations in Next-Generation Sequencing Services report?
• What are the key collaborations generated by the vendors to consolidate their position in the Next-Generation Sequencing Services market?
• What are the vital offerings new entrants concentrate on to implement unique positioning strategies?
• What are the futuristic prospects of the Next-Generation Sequencing Services market across the globe?

Looking ahead, the Next-Generation Sequencing Services Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Next-Generation Sequencing Services Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.

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