Global Next Generation Sequencing Market Trends, Size, Forecast - 2019-2025
The global next generation sequencing market is growing significantly, at a CAGR of around 16.4% during the forecast period (2019-2025). Next generation sequencing, also known as high-throughput sequencing technology is used to produce multiple sequence reaction in a cost-effective and rapid manner. The advent of next generation sequencing has led various collaborative projects, such as the MetaHIT and HMP using next generation sequencing as a foundational tool. Next generation sequencing holds the ability to screen more samples effectively and enables the sequencing of millions of fragments in a single run. This, in turn, is contributing to the growth of the next generation sequencing market.
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There are various pivotal factors that are driving the global next generation sequencing market, which includes the continuous decrease in the cost of genetic sequencing and increasing demand for personalized medicine. As per the Personalized Medicine Coalition (PMC) 2017 report, around 42% of all compounds and around 73% of oncology compounds in the pipeline have the potential to be included in personalized medicines. Along with this, the integration of big data and substantial support from governmental bodies regarding large-scale sequencing are certain factors that are expected to offer growth opportunity to the market during the forecast period.
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Global Next Generation Sequencing Market Segmentation
By Product Type
Reagents and Kits
Instruments
Services
By Technology
Pyrosequencing
Sequencing by Synthesis (SBS)
Sequencing by Ligation (SBL)
Whole Genome Sequencing
RNA Sequencing
Targeted Resequencing
Others (Methyl Sequencing)
By Application
Drug Discovery
Genomic Research
Disease Diagnostics
Personalized Medicine
Others (Agricultural and Animal Research)
By End-User
Academic and Clinical Research Centers
Pharmaceutical and Biotechnology Companies
Contract Research Organizations (CRO)
Hospitals and Clinics
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
10x Genomics, Inc.
Agilent Technologies, Inc.
Agilent Technologies, Inc.
Becton, Dickinson and Co.
BGI Group
CD Genomics
CeGaT GmbH
Charles River Laboratories International, Inc.
F. Hoffmann-La Roche Ltd.
GENEWIZ
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