Next-Generation Sequencing (NGS) Market 2019 Global Analysis, Opportunities, Size, Trends, Growth and Forecast 2024
Wiseguyreports.Com Publish New Market Research Report On -“Next-Generation Sequencing (NGS) Market 2019 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2024”
Pune, India – October 24, 2019 /MarketersMedia/ —
NGS Market 2019
The Global Next-Generation Sequencing Market will register a massive growth from 2018 to 2023, during the forecast period. Talking more about Next Generation Sequencing, it is also called as massive parallel sequencing and high throughput sequencing technology. This unique technology has dramatically transformed the genomic research to the highest level. The reason is it lets the researchers to sequence and study the complete genome of human in a short time. The use of this technology is also increasing rapidly in medical industries.
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In general, under this process, the genetic material is pulled out. After that, it is fragmented and connected with primers and adapters to carry out the process of amplification. The development in the field of throughput sequencing technology has dramatically changed the sequencing process as it provides more speed and lowers the cost of Next Generation Sequencing. Right now, the technology is changing and evolving at a massive rate following its adoption in the clinical, forensic, and agricultural sector. For example, it helps in detecting cancer and infectious disease.
The report says the global NGS market will reach $18,565 million by 2025 from USD 4.533 million of 2018. The CAGR will be 19.2% from 2018 to 2025. Some essential factors, such as increasing awareness, massive technological advancement, and a rising number of mergers and acquisition by prominent market player for the latest innovation, have significantly boosted the growth of the NGS market. Even though some factors like higher cost, lack of proper infrastructure, and more are restraining the market, it will witness significant growth.
Market Segmentation of Next-Generation Sequencing
Type, Application, and Regions segment the Global NGS Market. Based on Type, Sequel, Nanopore, NovaSeq, and NextSeq.
Based on the application, it is split into Hospitals & Clinics, Academic Institutes & Research Centres, Pharmaceutical &
Biotechnology Companies, and Others.
In some cases, based on the product, the global market is segmented into services, consumables, and platforms. The consumable segment is then divided into sample preparation consumables and others. The platform of Next-Generation Sequencing products is classified into HiSeq, MiSeq, Ion Torrent, SOLiD, and other different sequencing platforms. Based on technology, it is further divided into synthesis, ion semiconductor sequencing, ligation, pyrosequencing, and others.
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Geographical Market Segmentation of Next-Generation Sequencing
The World NGS Market is divided into different countries and regions. Some of the major regions and countries which are included in this report are Europe, North America, United States, China, India, Japan, Central & South America, and Southeast
Asia.
The report says the North America region dominated the global market in 2018 and will also dominate during the forecast period. The reason behind this is the massive development of Next-Generation Sequencing. Besides, the development of companion diagnostic and precision medicine is also playing a significant role in this market. This region also houses some leading hospitals and clinics who are using these products.
Latest Industry News
In April 2018, Illumina ultimately collaborated with Bristol-Myers Squibb for the successful employment of Illumina’s Next-Generation Sequencing capabilities to commercialize and develop in-vitro diagnostic assays which will then support the oncology portfolio of Bristol Myers. The company is now planning to collaborate with more such companies to come up with high-quality products.
Table of Contents –Analysis of Key Points
1 Next-Generation Sequencing (NGS) Market Overview
2 Manufacturers Profiles
3 Global Next-Generation Sequencing (NGS) Market Competition, by Players
4 Global Next-Generation Sequencing (NGS) Market Size by Regions
5 North America Next-Generation Sequencing (NGS) Revenue by Countries
6 Europe Next-Generation Sequencing (NGS) Revenue by Countries
7 Asia-Pacific Next-Generation Sequencing (NGS) Revenue by Countries
8 South America Next-Generation Sequencing (NGS) Revenue by Countries
9 Middle East and Africa Revenue Next-Generation Sequencing (NGS) by Countries
10 Global Next-Generation Sequencing (NGS) Market Segment by Type
11 Global Next-Generation Sequencing (NGS) Market Segment by Application
12 Global Next-Generation Sequencing (NGS) Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix
List of Tables and Figures
Continued…..
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