The global next generation sequencing market size was valued at $4,533 million in 2018, and is estimated to reach $18,565 million by 2026, growing at a CAGR of 19.2% from 2019 to 2026.
Next generation sequencing (NGS) is a novel procedure for sequencing genomes at low costs and high speed with improved efficiency. NGS also known as deep sequencing and parallel sequencing is a technology that has revolutionized molecular biology and genomics research. It is a high throughput, non-Sanger based sequencing method. Next generation sequencing has made sequencing of genomes very rapid and cost-effective. Through this method, billions of DNA strands can be sequenced efficiently. Next generation sequencing has made it possible to conveniently sequence whole genomes, and analyze various DNA-protein interactions. This technique allows the researcher to focus, study, and interpret deep sequence target regions. Next generation sequencing can be utilized through varied interventions such as oncology, biomarker studies, drug discovery, understanding reproductive health, and personalized genomics.
The new study made on Next Generation Sequencing (NGS) market includes crucial information on market share, market size, and growth rate for the forecast period 2020 – 2026. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics.
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The industrial report mentions about the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The Next Generation Sequencing (NGS) report proficiently explains about the resulting factors and concerns of manufacturers. Researchers have also well-explained about how the producers and providers will tackle with the ongoing epidemic and the key strategies to be adopted post pandemic for turning their businesses back to normal.
Major Players Covered in this Report are:
• Illumina, Inc.
• Thermo Fisher Scientific, Inc.
• Pacific Biosciences of California, Inc.
• Beijing Genomics Institute
• Qiagen N.V.
• 454 Life Sciences Corporation (Roche Holding AG)
• Agilent Technologies, Inc.
• Perkinelmer, Inc.
• Genomatix GmbH
Technological advancements in sequencing platforms, surge in applications of next generation sequencing, and increase in genome mapping programs drive the growth of the global next generation sequencing market. In addition, rise in awareness pertaining to next generation sequencing and increase in investment in research, development, and innovation supplement the market growth. However, lack of skilled professionals, ethical & legal limitation related to next generation sequencing, and standardization concerns in sequencing procedures impede the market growth. Furthermore, use of cloud computing as a potential data management service and untapped emerging economies offer lucrative opportunities for the market players.
The report is divided into major categories comprising product, distribution channel, application, and end users. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Every segment is studied thoroughly in order to offer a better picture to the buyers and stakeholders to benefit from. Information like highest prevailing product, highly demanded product by the application segment and end users are rightly mentioned in the Next Generation Sequencing (NGS) report.
Market Breakdown Data by Technology:
Sequencing by Synthesis
o Ion Semiconductor Sequencing
o Sequencing by Ligation
o Single Molecule Real Time Sequencing
o Other Technologies
Market Breakdown Data by Applications:
o Biomarkers and Cancer
o Reproductive Health
o Personalized Medicine
o Agriculture and Animal Research
o Other Applications
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The Next Generation Sequencing (NGS) market is segmented as North America, South America, Europe, Asia Pacific, and Middle East and Africa. Researchers have thoroughly studied about the historical market. With extensive research, experts have offered details on the current and the forecast demand made by these regions. The Next Generation Sequencing (NGS) report also includes highlights on the prevailing product demanded by end users and end customers for better understanding of product demand by producers. This will help the producers and the marketing executives to plan their production quantity and plan effective marketing strategies to more buyers. Businesses can hence, increase their product portfolio and expand their global presence. Next Generation Sequencing (NGS) market research report further offers information on the unexplored areas in these regions to help the producers to plan promotional strategies and create demand for their new and updated products. This will again help the manufacturers to increase their customers and emerge as leaders in the near future.
The Queries answered by Next Generation Sequencing (NGS)Market Research Report include:
- What are the key producers, equipment suppliers, raw material suppliers, end users, distributors and traders in the Next Generation Sequencing (NGS) Market?
- What are the crucial factors impacting the Next Generation Sequencing (NGS) Market Growth?
- What are production processes, major problems or obstacles, and solutions to tone down the development risk?
- What is the contribution made by regional manufacturers to the overall market?
- What are the major market segment, influential trends, market potential, and key challenges that the market is witnessing?
Table of Content
1 Introduction of Next Generation Sequencing (NGS) Market
1.1 Industry Overview
1.2 Scope of the Report
2 Executive Summary
3 Research Framework by Market Growth Insight
3.1 Data Mining
3.2 Data Validation
3.3 Primary Interviews
3.4 Data Sources List
4 Next Generation Sequencing (NGS) Market Overview
4.2 Market Dynamics
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Next Generation Sequencing (NGS) Market, By Product Type
6 Next Generation Sequencing (NGS) Market, By Application
7 Next Generation Sequencing (NGS) Market, By End User
8 Next Generation Sequencing (NGS) Market, By Geography
8.1 North America
8.3 Asia -Pacific
8.4 Latin America
8.5 Middle East and Africa
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