Next-Generation Sequencing (NGS) Market will attempt to create new growth opportunities, based on the forecast for 2024-2031 | Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Bio-Rad Laboratories

DataM Intelligence has released a new research report on the Next Generation Sequencing market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Next Generation Sequencing (NGS) Market reached USD 6.9 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 28.9 billion by 2031. The global next generation sequencing (NGS) market is expected to exhibit a CAGR of 20.4% during the forecast period 2024-2031.

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Next Generation Sequencing (NGS) is a high-throughput DNA sequencing technology that enables rapid and cost-effective sequencing of entire genomes, exomes, or targeted regions of DNA. Unlike traditional Sanger sequencing, which sequences one fragment of DNA at a time, NGS can simultaneously analyze millions of fragments in parallel, generating vast amounts of data. This technology has revolutionized genomics by allowing for applications such as whole-genome sequencing, targeted resequencing, RNA sequencing, and metagenomics, leading to advancements in personalized medicine, cancer research, and genetic disease diagnosis.

List of the Key Players in the Next Generation Sequencing Market:

Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd, Revvity (PerkinElmer Inc.), Illumina, Inc., PacBio, DNASTAR, BGI Group and Qiagen

Key Developments:

On June 8, 2023, PreCheck Health Services Inc., a CLIA-licensed and CAP-accredited molecular diagnostics company, launched the "PreCheck Comprehensive Cancer Panel," an NGS-based assay. This new service will be accessible to hospitals, pathologists, oncologists, clinics, and healthcare organizations in South Florida and beyond, revolutionizing the way we understand and categorize cancer through high-throughput sequencing techniques.

On May 9, 2023, Thermo Fisher Scientific Inc. and Pfizer announced a collaboration to enhance local access to next-generation sequencing (NGS)-based testing for lung and breast cancer in over 30 countries across Latin America, the Middle East, Africa, and Asia, where advanced genomic testing has been limited or unavailable.

Additionally, on April 13, 2023, Agilent Technologies Inc. announced the availability of the Agilent SureSelect Cancer CGP Assay, designed for somatic variant profiling across various solid tumor types. This pan-cancer assay is based on an NGS panel of 679 carefully selected genes, developed in collaboration with leading clinical cancer researchers from top cancer datasets. The assay's efficient, automatable, and flexible workflow is making tumor molecular profiling more accessible to the clinical research community.

Research Process:

Both primary and secondary data sources have been used in the global Next Generation Sequencing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Next Generation Sequencing Market:

By Product Type: Reagents and Consumables, Instruments, Others

By Application: Agriculture and Animal Research, Drug Discovery, Diagnostics, Genetic Screening, Others

By Technology: Chip Sequencing, De Novo Sequencing, RNA Sequencing, Methyl Sequencing, Others

By End User: Academics, Biotechnology and Pharmaceutical Firms, Hospitals and Healthcare Institutions, Services, Others

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Next Generation Sequencing market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Next Generation Sequencing Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Next Generation Sequencing market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Next Generation Sequencing Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Next Generation Sequencing market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Next Generation Sequencing market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Next Generation Sequencing market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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