Next-generation Sequencing Market 2021: Future Demands, Industry Size and Competitive Landscape Analysis

 

Next-generation Sequencing Market Insights:

In a recent research report by Market Research Community, the Next-generation Sequencing Market is expected to surpass USD 11.37 Billion by the year 2028, from USD 5.24 Billion in 2021.

The Next-generation Sequencing Market Share is projected to grow at a significant pace reaching a CAGR of approximately 11.7%, over the forecast period of 2022–2028, despite a considerable fall in product sales during the initial phase of the pandemic spread and lockdown restrictions imposed globally.

Next-generation sequencing (NGS) is a method for high-throughput DNA sequencing. It refers to a group of technologies that can sequence large amounts of DNA quickly and at a relatively low cost. NGS has revolutionized the field of genetics by allowing for rapid and efficient sequencing of entire genomes, exomes, transcriptomes, and targeted regions of DNA. The most widely used NGS technologies include Illumina, PacBio, and Nanopore sequencing.

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The study is consolidated into major segments and further into sub-segments, such as By Technology (RNA Sequencing, Targeted Re-sequencing, Whole Genome Sequencing, Whole Exome Sequencing, Others), By Application (Personalized Medicine and Genetic Screening, Drug Discovery,  Disease Diagnosis, Agriculture and Animal Research, Others), By End Use (Research Centers, Hospital, Pharma and Biotech Firms, Others), to forecast the market size by value.

By Technology:

·        RNA Sequencing

·        Targeted Re-sequencing

·        Whole Genome Sequencing

·        Whole Exome Sequencing

·        Others

By Application:

·        Personalized Medicine and Genetic Screening

·        Drug Discovery

·        Disease Diagnosis

·        Agriculture and Animal Research

·        Others

By End User:

·        Research Centers

·        Hospital

·        Pharma and Biotech Firms

·        Others

Next-generation Sequencing Market Includes Key Players:

·        bioMérieux SA,

·        F. Hoffmann-La Roche Ltd ,

·        Thermo Fisher Scientific Inc.,

·        QIAGEN, Illumina, Inc.,

·        Oxford Nanopore Technologies plc.,

·        Agilent Technologies, Inc,

·        BGI, PerkinElmer Genomics,

·        Pierian

Next-generation Sequencing Market Size, and Asian nations are steadily emerging as a result of government policies that are favorable to this market and growing public understanding of the advantages of these systems. Further, regions such as the Latin America, and Europe Middle East and Africa, are expected to boost the market expansion during the forecast period.

By Region

•                    Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)

•                    Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)

•                    North America– (U.S., Canada, Mexico)

•                    Latin America- (Brazil, Argentina, Chile, Rest of Latin America)

•                    Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

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