Global Next-Generation Sequencing (NGS) Market
The global Next-Generation Sequencing (NGS) Market was valued at USD 4.06 billion in 2016 and is projected to reach USD 21.62 billion 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.
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
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:
2.2 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
22.214.171.124 Dna Fragmentation, End Repair, A-Tailing, and Size Selection
126.96.36.199 Library Preparation & Target Enrichment
188.8.131.52 Quality Control
4.2 NGS Platforms, Consumables, & Services for Platforms
4.3 Sequencing Services Market
4.3.1 Targeted Re-Sequencing
4.3.3 De Novo Sequencing
4.3.4 Exome Sequencing
4.3.6 Whole-Genome Sequencing
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
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.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
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.
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