Overview

Next Generation Sequencing Market is estimated to value over USD 27 billion by 2027 end with a CAGR of over 18% during the forecast period 2020 to 2027.

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Improvements in the reimbursement and regulation for Next Generation Sequencing (NGS) -based tests coupled with the declining costs of platforms created for NGS are some of the important factors responsible for the growth of the market.

The Sequencing By Synthesis (SBS) segment is predicted to proliferate with a remarkable growth rate owing to the increased demand for systems developed by Illumina, who are the primary providers of NGS platforms that are integrated with SBS technology. Moreover, with an ongoing research for developing advanced NGS platforms, this segment is poised to grow further over the forecast period.

North America accounts for the largest market share, which is followed by Europe. This is primarily due to factors like the availability of funds that can be utilised for research in diagnostics and genomics. Furthermore, the development of solutions for analysing NGS data shall boost the growth of the market in this region.

FutureWise Market Research has instantiated a report that provides an intricate analysis of Next Generation Sequencing Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.

According to the research study conducted by FutureWise research analysts, the Next Generation Sequencing Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

Major players included in the Next Generation Sequencing Market

• Illumina Inc.
• Thermo Fisher Scientific Inc.
• BGI Group
• Perkinelmer
• Agilent Technologies
• Qiagen N.v
• F-hoffmann La Roche Ag
• Genewiz
• Eurofins Scientific
• Psomagen Inc.
• Oxford Nanopore Technologies
• 10x Genomics
• Takara Bio
• Zymo Research
• Nugen Technologies
• Hamilton Company
• Beckman Coulter (A Subsidiary of Danaher)
• Becton, Dickinson and Company
• Genotypic Technology
• Lucigen Corporation (Note: The list of the major players will be updated with the latest market scenario and trends)

Next Generation Sequencing Market

Next Generation Sequencing Market Segmentation:

By Product & Service
• Presequencing Products & Services
o Library Preparation & Target Enrichment
o Quality Control
• NGS consumables
• NGS Platforms
o Illumina
o HiSeq Systems
o HiSeq X Ten & HiSeq X Five
o MiSeq Systems
o NextSeq Systems
o MiniSeq Systems
o NovaSeq Systems
o iSeq 100 Systems
o Thermo Fisher Scientific
o Ion PGM Systems
o Ion Proton Systems
o Ion GeneStudio S5 Systems
o Pacific Biosciences
o PacBio RS II Systems
o Sequel Systems
o Oxford Nanopore Technologies
o Other NGS Platforms
• Services for NGS Platforms
• Sequencing Services
o Exome & Targeted Resequencing and Custom Panels
o RNA-Seq
o Whole-genome Sequencing and De Novo Sequencing
o Other Sequencing Services
• Bioinformatics
o Data Analysis Software & Workbenches
o Data Analysis Services
o Storage, Management, and Cloud Computing Solutions

By Technology
• Sequencing by Synthesis
• Ion Semiconductor Sequencing
• Single-molecule Real-time Sequencing
• Nanopore Sequencing
• Other Sequencing Technologies

By Application
• Diagnostics
o Cancer Diagnostics
o Reproductive Health Diagnostics
o Infectious Disease Diagnostics
o Other Diagnostic Applications
• Drug Discovery
• Agriculture & Animal Research
• Other Applications

By End User
• Academic Institutes and Research Centers
• Pharmaceutical and Biotech Companies
• Hospitals and Clinics
• Others

By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the Next-generation Sequencing Market By Product & Service, By Technology, By Application, By End User and By Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- Product & Service launches, technological advancements, mergers and expansions

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