Next-Generation Sequencing (NGS) Market Size to Grow Exponentially through the Assessment Period 2021 2030

Next-Generation Sequencing (NGS) Market Size to Grow Exponentially through the Assessment Period 2021 2030

In a recent published report, Kenneth Research has updated the market report for Next-Generation Sequencing (NGS) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Next-Generation Sequencing (NGS) Market products.

The global Next-Generation Sequencing (NGS)Marketwas valued at USD 4.06 billion in 2016 and is projected to reach USD 21.62billion by 2025, growing at a CAGR of 20.43% from 2017 to 2025. Next Gen sequencing is an emerging biotechnology technique which is highly significant for Healthcare and Biopharmaceutical sector. With advancements and available fund in R&D departments, the market is expected to grow in near future.

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Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Technological Advancements in Sequencing Platforms
1.2 Increasing Applications of NGS
1.3 Growing Number of Partnerships and Collaborations
1.4 Increasing Adoption of NGS Technologies Among Research Laboratories and Academic Institutes
1.5 Increasing Awareness about NGS Products and Services

2. Market Restraints
2.1 Lack of trained professionals
2.2 Difficulty in data storage

Market Segmentation:
1. Global Next-Generation Sequencing (NGS)Market, by Technology:
1.1 Sequencing By Synthesis
1.2 ION Semiconductor Sequencing
1.3 Single-Molecule Real-Time Sequencing
1.4 Nanopore Sequencing

2. Global Next-Generation Sequencing (NGS)Market, by Application:
2.1 Diagnostics
2.2 Drug Discovery
2.3 Biomarker Discovery
2.4 Precision Medicine
2.5 Agriculture & Animal Research
2.6 Other Applications

3. Global Next-Generation Sequencing (NGS)Market, by End User:
3.1 Research Centers and Academic & Government Institutes
3.2 Hospitals & Clinics
3.3 Pharmaceutical & Biotechnology Companies
3.4 Other End Users

4. Global Next-Generation Sequencing (NGS) Market, by Product and Services:
4.1 Pre-Sequencing Products & Services Market
4.1.1 Sample Preparation Dna Fragmentation, End Repair, A-Tailing, and Size Selection Library Preparation & Target Enrichment Quality Control
4.2 NGS Platforms, Consumables, & Services for Platforms
4.3 Sequencing Services Market
4.3.1 Targeted Re-Sequencing
4.3.2 Rna-Seq
4.3.3 De Novo Sequencing
4.3.4 Exome Sequencing
4.3.5 Chip-Seq
4.3.6 Whole-Genome Sequencing
4.3.7 Methyl-Seq
4.3.8 Other Applications
4.4 NGS Data Analysis, Storage, and Management (Bioinformatics)
4.4.1 NGS Data Analysis Software & Workbenches
4.4.2 NGS Data Analysis Services
4.4.3 NGS Storage, Management, and Cloud Computing Solutions

5. Global Next-Generation Sequencing (NGS) Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Illumina, Inc.
2. Thermo Fisher Scientific Inc.
3. Pacific Biosciences of California, Inc.
4. Qiagen N.V.
5. Beijing Genomics Institute
6. Perkinelmer, Inc.
7. F. Hoffmann-La Roche AG
8. Agilent Technologies, Inc.
9. Gatc Biotech AG
10. Oxford Nanopore Technologies, Ltd.
11. Macrogen, Inc.
12. Eurofins Scientific
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Research study on the Next-Generation Sequencing (NGS)Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.

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