U.S (New York) – Report Ocean has recently published a comprehensive research report titled “Next Generation Sequencing (NGS) Market” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
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.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
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.
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 next generation sequencing market is segmented based on product, application, technology, end user, and region. Based on product, the market is divided into consumables, platforms, and services. The consumables product segment is further bifurcated as sample preparation consumables and other consumables. The sample preparation consumables are further segmented into DNA fragmentation, end repair, A-Tailing & size selection, library preparation & target enrichment, and quality control. The platform NGS product segment is classified into HiSeq, MiSeq, Ion Torrent, SOLiD, Pacbio Rs II & Sequel System, and other sequencing platforms. The services segment is divided into sequencing services and data management services. The sequencing services is further divided into RNA Sequencing, Whole Exome Sequencing, Whole Genome Sequencing, Targeted Sequencing, Chip Sequencing, De Novo Sequencing, and Methyl Sequencing. The data management services further divided into NGS data analysis services, NGS data analysis software & workbenches, and NGS storage, management & cloud computing solutions. Based on application, the market is divided into diagnostics, biomarkers and cancer, reproductive health, personalized medicine, agriculture and animal research, other applications. By Technology, market is segmented into sequencing by synthesis, ion semiconductor sequencing, sequencing by ligation, pyrosequencing, single molecule real time sequencing, and other technologies. Depends on end user, market is categorized into academic & clinical research centers, pharmaceutical & biotechnology companies, hospitals & clinics, and other end user. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in the next generation sequencing market in 2015, and is expected to retain its dominance throughout the forecast period. This is primarily attributed to higher buying power, availability, and applications that favor the utilization of NGS in this region. There is also an increase in agreements and collaborations between different market players and health centers to promote and utilize NGS in this region. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to the improvement in R&D facilities, available disposable income, and rapidly developing economic conditions.
KEY MARKET BENEFITS
? The study provides an in-depth analysis of the global next generation sequencing market along with the current trends and future estimations to elucidate the imminent investment pockets.
? The report presents quantitative analysis of the market for the period of 2014?2022 to enable stakeholders to capitalize on the prevailing market opportunities.
? Extensive analysis of the market based on product type assists in understanding the trends in the industry.
? Key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry
Product development is the key strategy adopted by market players. The report provides a comprehensive analysis of the key players that operate in the global next generation sequencing market.
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KEY PLAYERS PROFILED
? 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
? PierianDx
Other players in the value chain include (profiles not included in the report)
? Eurofins Scientific
? Gatc Biotech AG
? Macrogen, Inc.
? Oxford Nanopore Technologies, Ltd.
? Bio-Rad Laboratories, Inc.
? DNASTAR, Inc.
? Biomatters Ltd.
? Partek Inc.
? New England Biolabs, Inc.
? Myriad Genetics, Inc.
KEY MARKET SEGMENTS
? By Product
o Consumables
? Sample Preparation Consumables
? DNA Fragmentation, End Repair, A-Tailing and Size Selection
? Library Preparation & Target Enrichment
? Quality Control
? Other Consumables
o Platforms
? HiSeq
? MiSeq
? Ion Torrent
? SOLiD
? Pacbio Rs II and Sequel System
? Other Sequencing Platforms
o Services
? Sequencing Services
? RNA Sequencing
? Whole Exome Sequencing
? Whole Genome Sequencing
? Targeted Sequencing
? Chip Sequencing
? De Novo Sequencing
? Methyl Sequencing
? Data Management Services
? NGS Data Analysis Services
? NGS Data Analysis Software & Workbenches
? NGS Storage, Management and Cloud Computing Solutions
? By Application
o Diagnostics
o Biomarkers and Cancer
o Reproductive Health
o Personalized Medicine
o Agriculture and Animal Research
o Other Applications
? By Technology
o Sequencing by Synthesis
o Ion Semiconductor Sequencing
o Sequencing by Ligation
o Pyrosequencing
o Single Molecule Real Time Sequencing
o Other Technologies
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? By End User
o Academic and Clinical Research Centers
o Pharmaceutical and Biotechnology Companies
o Hospitals and Clinics
o Other End User
? By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Italy
? Spain
? Rest of Europe
o Asia-Pacific
? Japan
? China
? Australia
? India
? South Korea
? Taiwan
? Rest of Asia-Pacific
o LAMEA
? Brazil
? Turkey
? Saudi Arabia
? South Africa
? Rest of LAMEA
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