The global next generation sequencing market size accounted for $6,598.62 million in 2020, and is projected to reach $35,503.66 million by 2030, registering a CAGR of 18.2% from 2021 to 2030.
Next generation sequencing (NGS, NextGenSeq) is used for sequencing genomes at high speed and at low cost. It is also known as second generation sequencing (SGS) or massively parallel sequencing (MPS). The technology is used to determine the order of nucleotides in entire genomes or targeted regions of DNA or RNA This technology is used for the identification of biomarkers for early diagnosis as well as personalized treatments, which has significantly impacted the change of the traditional medicine model of diagnosis to a precision medicine model.
Main Drivers and Barriers
High-impact rendering factors and drivers have been studied in this report to assist readers in understanding general development. In addition, the report includes restraints and challenges that can serve as stumbling blocks in the path of players. This will help users to make meticulous and business-related informed decisions. Experts also focused on the upcoming business prospects.
Which market perspectives are enlightened in the Next Generation Sequencing market report?
Executive Summary: It covers a summary of the most vital studies, the Worldwide Next Generation Sequencing market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: This covers major players, vital market segments, the scope of the products offered in the Next Generation Sequencing market, the years measured and the study points.
Competitive Analysis: In this segment each player is screened based on a products, services, value, SWOT analysis, growth and other significant features.
Geographic Analysis: This Next Generation Sequencing market report analyses data on the basis of production, sales, imports & exports, and key players in all regional markets.
Next Generation Sequencing Market Segments and Sub-segments:
Next Generation Sequencing Market by Key Players: 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.
Next Generation Sequencing Market By Product: Consumables, Other Consumables, Services, Data Management Services
Next Generation Sequencing Market by Application: Diagnostics, Biomarkers and Cancer, Reproductive Health, Personalized Medicine, Agriculture and Animal Research, Other Applications
Next Generation Sequencing Market By Technology: Sequencing by Synthesis, Ion Semiconductor Sequencing, Sequencing by Ligation, Pyrosequencing, Single Molecule Real Time Sequencing, Other Technologies
Next Generation Sequencing Market By End User: Academic and Research Centers, Pharmaceutical and Biotechnology Companies, Hospitals and Clinics, Other End Users
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Frequently Asked Questions?
Q1. What are the leading countries affected by Next Generation Sequencing?
Q2. Which is the largest regional market for Next Generation Sequencing?
Q3. What is the estimated industry size of Next Generation Sequencing?
Q4. Which are the top companies to hold the market share in Next Generation Sequencing?
Q5. What are the major drivers for Next Generation Sequencing?
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