According to a new market research report published by Global Insight Services” Next-generation Sequencing (NGS) Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Next-generation sequencing (NGS) is a type of DNA sequencing technology that is used to determine the precise order of nucleotides in a genome. NGS is also used to identify mutations, SNPs, and other variations in a genome.
NGS technology has revolutionized the field of genomics by providing a more rapid and cost-effective method for sequencing genomes. NGS can sequence an entire human genome in a matter of days, whereas it would take months or years to sequence a genome using traditional methods.
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Key Players
- Agilent Technologies, Inc
- BGI Group
- F. Hoffmann-La Roche AG
- Illumina Inc
- Precigen Inc.
- Pacific Biosciences of California, Inc
- PerkinElmer, Inc.
- PierianDx Inc.
Key Trends
The key trends in NGS technology are:
Increased throughput and efficiency: New sequencing technologies are capable of sequencing entire genomes in a single run, and can do so much faster and more cheaply than ever before.
Improved data quality: NGS technologies produce data of much higher quality than older sequencing technologies, making it possible to detect previously undetectable mutations and variations.
Increased applicability: NGS is being used in an ever-widening range of applications, from disease diagnosis and treatment to population genetics and evolutionary studies.
New data analysis methods: As NGS data sets become larger and more complex, new methods of data analysis are needed to make sense of them.
Key Drivers
The key drivers of the Next-generation Sequencing (NGS) market are the declining costs of sequencing, the increasing availability of sequencing platforms, and the increasing demand for sequencing services.
The declining costs of sequencing are driven by the continued development of new sequencing technologies and the increasing scale of sequencing operations. The cost of sequencing a human genome has fallen from over $100 million in 2001 to less than $1,000 in 2016, and is projected to continue to decline in the future.
The increasing availability of sequencing platforms is driven by the continued development of new sequencing technologies and the increasing number of sequencing service providers.
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Market Segments
By Product
- Consumables
- Services
By Application
- Diagnostics
- Biomarkers and Cancer
- Reproductive Health
- Personalized Medicine
- Agriculture and Animal Research
- Other Applications
By Technology
- Sequencing by Synthesis
- Ion Semiconductor Sequencing
- Sequencing by Ligation
- Pyrosequencing
- Single Molecule Real Time Sequencing
- Other Technologies
By End User
- Academic and Research Centers
- Pharmaceutical and Biotechnology Companies
- Hospitals and Clinics
- Others
Reasons to buy Next-generation Sequencing (NGS) Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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