New York, According to a new market research report published by Global Insight Services “Next Generation Sequencing 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 sequencing technology that is used to determine the order of nucleotides in a DNA molecule. NGS can be used to sequence the entire genome of an organism, or it can be used to sequence specific regions of the genome. NGS is used in a variety of applications, including whole-genome sequencing, RNA sequencing, and DNA sequencing.
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Key Trends
The key trends in Next Generation Sequencing technology are speed, accuracy, and cost.
Speed: New sequencing technologies are capable of generating large amounts of data very quickly. This is important for applications such as cancer genomics, where rapid sequencing can provide important information about the disease and guide treatment decisions.
Accuracy: Next-generation sequencing technologies have greatly improved in terms of accuracy. This is important for applications such as diagnostics, where accurate sequencing is essential for providing correct results.
Cost: New sequencing technologies have also become much more affordable. This is important for applications such as population genomics, where large-scale sequencing projects can now be completed at a reasonable cost.
Key Drivers
Next-generation sequencing (NGS) is a rapidly evolving technology that is revolutionizing life science research. NGS platforms are providing researchers with unprecedented insights into the structure and function of genomes, transcriptomes, and epigenomes. The rapid adoption of NGS is driven by the falling costs of sequencing, the increasing throughput of sequencing platforms, and the availability of powerful computational tools for data analysis.
The falling cost of sequencing is the most important driver of the NGS market. This decline is due to the rapid improvement in sequencing technology. The second important driver of the NGS market is the increasing throughput of sequencing platforms. The throughput of sequencing platforms has increased by several orders of magnitude over the past decade. This increase in throughput has allowed researchers to sequence entire genomes in a matter of days. The third driver of the NGS market is the availability of powerful computational tools for data analysis. NGS data are complex and require sophisticated computational methods for analysis. The development of tools such as next-generation alignment algorithms and variant-calling pipelines has made it possible to analyze NGS data in a robust and efficient manner.
Market Segments
The global Next Generation Sequencing Market is segmented based on segmented on the basis of product, application, technology and region. By product, the market is categorized into consumables, platforms, and services. On the basic of application, the next generation sequencing market is divided into diagnostics, biomarkers and cancer, reproductive health and other applications. By technology, the market is categorized into sequencing by synthesis, ion semiconductor sequencing, sequencing by ligation and other technologies. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Companies
The Next Generation Sequencing Market includes players such as Agilent Technologies, Inc, BGI Group , F. Hoffmann-La Roche AG , Illumina Inc, Precigen Inc., (Intrexon Bioinformatics Germany GmbH), Pacific Biosciences of California, Inc, PerkinElmer, Inc., PierianDx Inc., Qiagen N.V., and Thermo Fisher Scientific Inc.
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Reasons to buy Next Generation Sequencing 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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