Next-generation Sequencing (NGS) Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Next-generation Sequencing (NGS) Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : July, 2020 | Biotechnology | PPT format

Report Digest


Next-generation Sequencing (NGS) Market: Snapshot

Next Generation Sequencing (NGS) is utilized to execute different applications, for instance, biomarker revelation, oncology thinks about, customized solution, rural and creature research, and others. NGS has streamlined nucleotide investigation and has broadly supplanted customary instruments of genomics, particularly microarray effectively. The interest for NGS has expanded altogether inferable from surge in NGS applications and ascend in mechanical progressions in NGS. What's more, the development in number of genome mapping programs all through the world and increment in R&D venture drives the market development.

NGS is an innovation in which billions of DNA strands can be sequenced through enormous parallelization. This strategy is otherwise called high throughput sequencing. NGS limits the necessity for section cloning strategies utilized as a part of Sanger sequencing of genomes. Ease, high accuracy and speed, and precise outcomes even from low instance input are the primary favorable circumstances NGS offers over Sanger's sequencing strategy.

The innovation is rising at a fast pace, because of its expanding application in clinical finding. Speed, cost, and exactness of the innovation, effective substitution of conventional advances (microarrays), and medicate disclosure applications demanding NGS innovation are few components driving the development of this market. Advancement of the items that focus on entire work process from inspecting to report generation post information elucidation is attributive to drive development. Inventive business models, for instance, cost per-understanding alternatives offer labs better cost management and low initial investment with this product, driving growth of this market.

However, a few concerns identified with the security of next-generation sequencing information and the institutionalization and precision issues in analytic testing are evaluated to create difficulties for the leading players in the coming years. Regardless, the rising utilization of distributed computing is required to offer promising development avenues over the coming years.

Global Next-generation Sequencing (NGS) Market: Overview 

The global market for next-generation sequencing is likely to witness a progressive growth in the next few years, thanks to the rising adoption across diverse industries. In addition, several lucrative opportunities in untapped markets and the rise in the number of government initiatives are projected to contribute towards the growth of the market. Furthermore, the use of next-generation sequencing in biomarker and precision medicine discovery is expected to supplement the growth of the overall market in the forecast period. 

Global Next-generation Sequencing (NGS) Market: Key Trends 

The technological advancements in the sequencing platforms and the rising number of applications of next-generation sequencing are likely to encourage the growth of the global next-generation sequencing market in the coming years. In addition, the growing adoption of next-generation sequencing technologies among research academic institutes and research laboratories are projected to supplement the development of the market in the near future. 

On the contrary, the rising issues in the storage of sequencing data and the dearth of skilled professionals are likely to curtail the growth of the market in the coming years. Nonetheless, the increasing awareness among consumers regarding the advantages of next-generation sequencing through workshops and conferences are projected to fuel the growth of the market. 

Global Next-generation Sequencing (NGS) Market: Market Potential 

The integration of next-generation of sequencing with the new cloud-based technology is one of the key factors estimated to encourage the growth of the global market in the coming years. In addition, the rising focus on cancer research and the increasing level of competition are predicted accelerate the growth of the market in the forecast period. 

However, several concerns related to the security of next-generation sequencing data and the standardization and accuracy issues in diagnostic testing are estimated to pose as major challenges for the leading players in the coming years. Nonetheless, the rising use of cloud computing is expected to offer promising growth opportunities throughout the forecast period. 

Global Next-generation Sequencing (NGS) Market: Regional Outlook 

Among the key regional segments studied in the research study, North America is anticipated to account for a key share of the global next-generation sequencing market in the forecast period. The presence of a large number of players in the U.S. and the favorable government schemes are the important factors that are predicted to accelerate the growth of the North America market in the coming years. 

Furthermore, Asia Pacific is estimated to grow substantially in the next few years. The improvement of the healthcare infrastructure in developing nations and the favorable initiatives by government are predicted to fuel the growth of the next-generation sequencing market In Asia Pacific in the near future. In addition, the launch of new and advanced next-generation sequencing services and products are anticipated to contribute substantially towards the growth of the market. 

Global Next-generation Sequencing (NGS) Market: Competitive Analysis 

Some of the prominent players operating in the next-generation sequencing market across the globe are Eurofins Scientific, Gatc Biotech AG, F. Hoffmann-La Roche AG, Perkinelmer, Inc., Illumina, Inc., Qiagen N.V., Agilent Technologies, Inc., Macrogen, Inc., Beijing Genomics Institute, Pacific Biosciences of California, Inc., Thermo Fisher Scientific Inc., and Oxford Nanopore Technologies, Ltd. 

The entry of new players in the global next-generation sequencing market and the rising number of collaborations and mergers are projected to encourage the growth of the market in the next few years. Additionally, the rising focus of key players on research and development activities are estimated to offer promising opportunities for the leading players in the next few years. 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.