COVID-19 impact on the global NGS Market

Next-Generation Sequencing Market Size (2020 to 2025)

As per our recent research report, the size of the global NGS market is forecasted to grow at a CAGR of 18.66% between 2020 to 2025 and worth USD 8.54 billion by 2025.

Key Market Drivers:

The advancements majorly drive the growth of the global next-generation sequencing market in the healthcare industry and the declining cost of next-generation sequencing market platforms, improving regulatory and reimbursement scenarios for diagnostic tests based on the Next-generation sequencing market, also, due to the development of new and advanced NGS platforms and increasing demand for Illumina’s system that uses the SBH technology. Next-generation sequencing offers a detailed view of the tumor’s make up that speedup the therapy prescription protocol. Moreover, the introduction of cancer screening programs boosts potential growth for next-generation sequencing. Emerging markets and cloud computing are expected to offer market players opportunities to do the business expansion.

Browse TOC and other details of the global Next-Generation Sequencing Market research report that spread through 156 pages @ https://www.marketdataforecast.com/market-reports/next-generation-sequencing-market

Significant Challenges:

The global next-generation sequencing market faces challenges like managing large data and complications associated with big data management.  Besides, the lack of awareness among the people about whole-genome sequencing is associated with some ethical issues.

Impact of COVID-19 on Next Generation Sequencing market:

Next-generation sequencing market growth is mainly due to the development of advanced platforms and increased Illumina’s systems. But in recent times, the market has faced a downfall in growth due to the sudden introduction of the pandemic, i.e., COVID-19 by WHO. All the emerging countries have been suffered, and many activities related to the market have been postponed negatively on market growth. But it is expected to have better growth in the coming years and return to a normal stage in 2021.

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This research report on the global next-generation sequencing market has been segmented & sub-segmented based on the product, technology, application, and region.

By Product:

• Software
• Services

Next-Generation Sequencing Market – By Technology:

• Targeted Re-Sequencing
• Whole Genome Sequencing
• De Novo Sequencing
• Exome Sequencing
• RNA-Seq
• ChIP-Seq
• Methyl-Seq

By Application:

• Diagnostics
• Drug Discovery
• Biomarker Discovery
• Personalized Medicine
• Agriculture and Animals Research

By Region:

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

Geographically, North America accounted for the largest share in the next-generation sequencing market in 2019. The factors attributed to the market growth in this region include increasing applications for next generations sequencing in diagnostic and genome research. Additionally, the availability of research funding and the developments of next-generation sequencing data analysis solutions. Primary factors like the presence of key market players and advancements in healthcare technologies, and cost reduction for next-generation sequencing platforms boost the market growth in this area.

Europe held a major share in the next-generation sequencing market during the forecast period after North America, and it is expected to have better growth over the coming years. Availability of research funding and developments of the next generations sequencing data analysis solutions and market players’ presence influences the market growth in this locale.

On the other hand, the Asia Pacific is expected to account leading share after North America and Europe in 2019. Factors attributed to the market growth include government bodies, genome industry, and revenue generation, and key market players developing in this area.

The Middle East and Africa had a standard market growth in this region, and it is expected to have better growth during the conjecture period. Government initiatives and research and development funds for next-generation sequencing are estimated to propel business growth in this area.

NOTABLE COMPANIES IN THIS MARKET:

Key market participants dominating the global Next-Generation Sequencing Market profiled in this report are Illumina, Thermo Fisher Scientific, Pacific Biosciences, Macrogen Inc., Partek Inc., Genomatix Software GmbH, Perkin Elmer Inc., GATC Biotech Ag, Agilent Technologies Inc., Biomatters Ltd., BGI (Beijing Genomics Institute), Oxford Nanopore Technologies Ltd., DNASTAR Inc., Knome Inc., and Qiagen N.V.

This report can be customized as per your requirements; talk to our analyst’s team @ https://www.marketdataforecast.com/market-reports/next-generation-sequencing-market/customization

List of Tables & Figures of the report:

1. Global NGS Market, By Region, From 2020 to 2025 (USD Billion)
2. Global NGS Market, By Product, From 2020 to 2025 (USD Billion)
3. Global Software Market, By Region, From 2020 to 2025 (USD Billion)
4. Global Services Market, By Region, From 2020 to 2025 (USD Billion)
5. Global NGS Market, By Technology, From 2020 to 2025 (USD Billion)
6. Global Whole Targeted Re-Sequencing Market, By Region, From 2020 to 2025 (USD Billion)
7. Global Genome Sequencing Market, By Region, From 2020 to 2025 (USD Billion)
8. Global De Novo Sequencing Market, By Region, From 2020 to 2025 (USD Billion)
9. Global Exome Sequencing Market, By Region, From 2020 to 2025 (USD Billion)
10. Global RNA-Seq Market, By Region, From 2020 to 2025 (USD Billion)
11. Global ChIP-Seq Market, By Region, From 2020 to 2025 (USD Billion)
12. Global Methyl-Seq Market, By Region, From 2020 to 2025 (USD Billion)
13. Global NGS Market, By Application, From 2020 to 2025 (USD Billion)
14. Global Diagnostics Market, By Region, From 2020 to 2025 (USD Billion)
15. Global Drug Discovery Market, By Region, From 2020 to 2025 (USD Billion)
16. Global Biomarker Discovery Market, By Region, From 2020 to 2025 (USD Billion)
17. Global Personalized Medicine Market, By Region, From 2020 to 2025 (USD Billion)
18. Global Agriculture and Animals Research Market, By Region, From 2020 to 2025 (USD Billion)
19. 135+ More

Browse Regional Reports:

• North America NGS Market
• Europe NGS Market
• APAC NGS Market
• Latin America NGS Market
• MEA NGS Market

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