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Global Clinical Next-Generation Sequencing (NGS) Testing Market: Industry Trends & Forecast to 2028 - Growth, Innovations & Key Insights
Clinical Next-Generation Sequencing (NSG) Testing Market Size And Forecast by 2031Technological advancements in the clinical next-generation sequencing (NSG) testing coupled with rising research and development proficiencies are fostering the market growth. Data Bridge Market Research analyses that the clinical next-generation sequencing (NSG) testing market will exhibit a CAGR of around 27.25% for the forecast period of 2021-2028.
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Which are the top companies operating in the Clinical Next-Generation Sequencing (NSG) Testing Market?
The Top 10 Companies in Clinical Next-Generation Sequencing (NSG) Testing Market operating in the Clinical Next-Generation Sequencing (NSG) Testing Market are recognized for their innovation, market leadership, and strong presence across key regions. These companies invest heavily in research and development, driving continuous product innovation to meet evolving customer demands. Their extensive distribution networks, brand reputation, and technological expertise have solidified their positions as industry leaders. Additionally, these top companies are expanding through strategic partnerships, mergers, and acquisitions, enabling them to strengthen their market share and enhance their competitive advantages.
**Segments**
- By Test Type: The market can be segmented into targeted sequencing, whole exome sequencing, whole genome sequencing, RNA sequencing, and others. Targeted sequencing is expected to dominate the market as it offers cost-effective and efficient sequencing for specific regions of interest.
- By Products & Services: Segmentation under this category includes pre-sequencing products & services, sequencing instruments & consumables, and data analysis/bioinformatics.
- By Application: Segmentation by application encompasses oncology, reproductive health, clinical investigation, HLA typing, and others. Oncology is a significant segment due to the increasing prevalence of cancer worldwide.
- By End User: The market is further segmented into hospitals & clinics, research centers and academic institutions, and pharmaceutical & biotechnology companies. Hospitals & clinics are the major end-users due to the rising demand for NGS testing in clinical settings.
**Market Players**
- Illumina, Inc.: A key player in the market, known for its diverse range of NGS solutions and continuous innovation in sequencing technology.
- Thermo Fisher Scientific Inc.: Another prominent market player offering a wide array of NGS platforms and comprehensive solutions for clinical applications.
- F. Hoffmann-La Roche Ltd: Known for its advanced NGS systems catering to various clinical needs with a focus on precision medicine.
- Agilent Technologies, Inc.: An important player providing high-quality NGS products and services for accurate clinical testing.
- QIAGEN: A leading provider of NGS solutions for clinical diagnostics and research applications, known for its robust bioinformatics capabilities.
The end-users of clinical NGS testing include hospitals & clinics**Market Players**
- 3billion, Inc.
- 10x Genomics
- 23andMe, Inc.
- Adaptive Biotechnologies
- Admera Health
- Agilent Technologies, Inc.
- ALCEN
- Almac Group
- AMARANTUS BIOSCIENCE HOLDINGS, INC.
- Ambry Genetics
- Aperiomics, Inc.
- ARUP Laboratories
- ASURAGEN, INC.
- Athena Diagnostics, Inc.
- Atreca, Inc.
- Base4
- Baylor Genetics
- BD
- Berry Gene
- BGI
- Bioarray S.L
- Biodesix
- Boreal Genomics Inc.
- Cambridge Epigenetix Limited
The major players covered in the clinical next-generation sequencing (NSG) testing market have been driving the industry with their innovative products and services. The global clinical NGS testing market is experiencing substantial growth, fueled by factors such as the increasing prevalence of genetic disorders and cancer, the demand for precision medicine, and technological advancements in NGS platforms. Companies like Illumina, Thermo Fisher Scientific, F. Hoffmann-La Roche, Agilent Technologies, QIAGEN, and a host of other market players are shaping the landscape of clinical NGS testing.
In the current market scenario, the competitive landscape is characterized by intense rivalry among key players striving to enhance their market presence through product innovations, strategic partnerships, and acquisitions. Investment in
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