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Next Generation Sequencing (NGS) at a CAGR of 23.59%

09-06-2017 11:20 AM CET | Health & Medicine

Press release from: REPORTSANDMARKETS

/ PR Agency: REPORTSANDMARKETS
The Asia-Pacific NGS market which was worth $ 567.7 million in 2016 is poised to reach
$1,636.7 million by 2021 at a CAGR of 23.59%. Asia presents significant opportunities for the
investors/venture capitalists as the developed markets are saturated. The presence of noteworthy
developments by China and Japan for integration of new technologies and the development of
healthcare is majorly driving the Asia Pacific Market.

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R&D and clinical development frameworks of countries such as India and Australia have
composed the Asia Pacific market to witness a lucrative growth throughout the forecast period.
Rise in growth of personalized medicine, development in pre-sequencing and NGS bioinformatics
solutions and cloud computing, increasing research in oncology are few factors driving the market
growth. In addition, anticipated decrease in the prices of genome sequencing due to development
of rapid, high capacity whole genome sequencers by key players is expected to have an optimistic
effect on market penetration rates over the few years. However, the storage and management of
enormous data generated by sequencing and its interpretation, high reliability on grants & funding
from the government and fall in capital expenditure from academic institutions are some of the
challenges for Asia-Pacific next generation sequencing market.

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The Next Generation Sequencing market is categorized by type (product and services) and
by technology such as whole targeted re-sequencing, genome sequencing, exome sequencing, de
novo sequencing, RNA-Seq, ChIP-Seq and Methyl-Seq. And by application it is segmented into
diagnostics, drug discovery, biomarker discovery, personalized medicine, and agriculture and
animals research. Further, based on end users the market is segmented as Academic Institutions
and Research Centers, Hospitals/Clinical Laboratories, Biotech/Pharma Companies and others. On
the basis of geography, the Asia-Pacific market is segmented into regions namely, China, India,
Japan, South Korea, Taiwan, Indonesia, Malaysia, Singapore and Thailand.
Asia-Pacific Next Generation Sequencing (NGS) Market Page | 2
Key players in Asia Pacific Next Generation Sequencing Market include Illumina
Incorporated, Thermo Fischer Scientific, Life Sciences (Roche), Pacific Biosciences, Macrogen Inc.,
Partek Inc., Genomatix Software GmbH, Perkin Elmer inc., DNASTAR Inc., and Qiagen N.V.

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