Next Generation Sequencing Market Size, Share, Industry Growth, Key Players, and Forecast through 2024-2031 | Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Bio-Rad Laboratories Inc

Next Generation Sequencing Market analysis, according to DataM Intelligence, offers more than just an overview; it investigates the underlying aspects of the sector. The study provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.

Will the Next Generation Sequencing market emerge as the sector's next great thing? To discover the answer, look at the Next Generation Sequencing market analysis and projections. In-depth insight of the opportunities, difficulties, and trends now impacting the industrial landscape is provided by this market research study, empowering industry participants to make informed decisions in a changing environment. Take advantage of the opportunity in the Next Generation Sequencing market! (2031)

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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.

**Next Generation Sequencing** (NGS) is a high-throughput DNA sequencing technology that enables rapid and accurate sequencing of entire genomes or specific genetic regions. NGS allows for the parallel sequencing of millions of DNA fragments, producing large amounts of data in a short time. This technology has revolutionized genomics by providing deeper insights into genetic variations, mutations, and gene expression profiles. It is widely used in applications such as personalized medicine, cancer research, genetic testing, and microbiome analysis, offering detailed information for diagnosing diseases and developing targeted therapies.

Key Players:

Profiles of some of the major players in the global Next Generation Sequencing market, which include:

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 among others.

Key Developments:

On June 8, 2023, An NGS-based assay called the "PreCheck Comprehensive Cancer Panel" has been released by a molecular diagnostics company, PreCheck Health Services Inc., which is CLIA-licensed and CAP-accredited. Hospitals, pathologists, oncologists, clinics and healthcare organizations in South Florida and beyond will have access to this new service. High-throughput sequencing techniques have completely changed how we perceive and categorize cancer.

On May 9, 2023, In over 30 nations throughout Latin America, the Middle East, Africa and Asia where progressed genomic testing was already limited or unavailable, Thermo Fisher Scientific Inc. and Pfizer announced entering and collaborating to help boost local availability of next-generation sequencing (NGS)-based testing for those with lung and breast cancer.

On April 13, 2023, The Agilent SureSelect Cancer CGP Assay, created for somatic variant profiling for a variety of solid tumor types, has been made available, according to an announcement from Agilent Technologies Inc. The design of the pan-cancer assay is based on an NGS panel of 679 genes that have been carefully selected from the world's top cancer datasets in collaboration with important clinical cancer researchers. Tumor molecular profiling is now more widely available to the clinical research community thanks to the assay workflow's effectiveness, automatability and flexibility.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Next Generation Sequencing market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

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

Regional Break out:

The global Next Generation Sequencing Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

Points Covered:

⏩ 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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FAQ's

Q.1. What are the primary drivers of the Next Generation Sequencing Industry?

Q.2. What are the main factors propelling and impeding the growth of the Next Generation Sequencing market?

Q.3. What are the general structure, risks, and opportunities of the market?

Q.4. How do the prices, revenue, and sales of the leading Next Generation Sequencing market firms compare?

Q.5. What are the main segments of the market and how is it divided up?

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