Next Generation Sequencing (NGS) Market 2019
Description: –
According to a new report, the global Next Generation Sequencing (NGS) market is likely to grow rapidly in the next coming years. (NGS is a DNA sequencing technology and the process of DNA sequencing decides the accurate order of nucleotides inside a DNA molecule which is referred to as Next generation sequencing.
NGS is used to execute various applications including biomarker discovery, oncology studies, personalized medicine, agricultural & animal research, and others. Some of the key factors that are likely to expand this market include continuous technological innovation in sequencers has resulted in the introduction of effective, efficient, low-footprint/portable, and easy-to-use NGS platforms. Significant R&D activities resulted in offering faster & accurate results and also enhanced the applications and improved turnaround times.
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Key Players
Some of the key players operating in global next generation sequencing market are Thermo Fisher Scientific Inc., Illumina, Inc., Roche Holding AG, QIAGEN N. V., BGI (Beijing Genomics Institute), Oxford Nanopore Technologies, Ltd., Pacific Biosciences of California, Inc., GATC Biotech AG, Perkin Elmer, Inc., Agilent Technologies, Inc., Macrogen, Inc. , and Eurofins Scientific among others.
Improving regulatory & reimbursement scenario for NGS-based diagnostic tests will fuel the growth of the next-generation sequencing (NGS) sequencing market. However, despite funding from government and private bodies for research programs across the globe, various research and academic institutes face budget constraints in purchasing and using advanced technology. It is one of the restarting factors in the market growth especially in developing nations like Africa and Asia.
Market Segmentation
The market for global Next Generation Sequencing (NGS) has been segregated into product & service, technology, application, end-user, and region. Based on the product, the global market has been segmented into instruments, reagents & consumables, and services. The NGS consumables segment is anticipated to account for the largest share of the next-generation sequencing market in the coming years which is mainly due to advancements in sequencing technologies, growing number of sequencing procedures, and launch of easy-to-use consumables that are the key factors driving the growth of the consumables segment. Based on the end-users, the global Next Generation Sequencing (NGS) market has segmented into healthcare institutions, pharmaceutical & biotechnology companies, research and academic centers, and others.
Detailed Regional Analysis
The global market of the Next Generation Sequencing (NGS) has been analyzed across the United States, Europe, India, Japan, China, Southeast Asia and Middle East & Africa (MEA). In terms of revenue, the North American region dominated the NGS market in the past and is likely to hold a significant position in the future as well. The large share of North America is mainly due to the increasing application of NGS in diagnostics and genomics research, availability of research funding, and development of NGS data analysis solutions that are likely to propel its market size in the coming years.
Competitive Landscape
Due to technological advancements, the key players operating in Next Generation Sequencing (NGS) market are constantly focusing on product development and research to strengthen their market positions and shares as well. Therefore, key players and new players as well are focusing on the continuous advancements to provide advanced sequencing technologies for various applications at much reduced prices which is expected to prove favourable in the approaching years.
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Table of Contents – Major Key Players
- Overview and Scope
- Executive Summary
- Next Generation Sequencing Market Insights
- Next Generation Sequencing Market Size and Forecast by Application
- Next Generation Sequencing Market Size and Forecast by Technology
- Next Generation Sequencing Market Size and Forecast by Products
- Next Generation Sequencing Market Size and Forecast by End User
Continued….
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