Next Generation Sequencing (NGS) Market Trend, Technology Innovations and Key Vendors (BGI, Agilent, QIAGEN, Roche) | Growth Prediction 2022-2029
The Global Next Generation Sequencing (NGS) Market is growing with a CAGR of 17.1% in the forecast period of 2022 to 2029 and is expected to reach USD 29,307.13 Million by 2029.
The market study of Next Generation Sequencing (NGS) Market research report helps minimize the risks of uncertainties and helps in taking sound decisions. The market report delivers comprehensive analysis of the market structure along with forecast of the diverse segments and sub-segments of the market. Extensive research is also carried out, that involves exhaustive primary interviews with key customers, understanding their preferences and unmet needs. The market document comprises of all the market shares and approaches of key players in market. An international Next Generation Sequencing (NGS) Market research analysis brings together a vast market place clearly into the focus.
As per global Next Generation Sequencing (NGS) marketing report, the market is expected to grow at a substantial Compound Annual Growth Rate (CAGR) during the forecast period 2022-2029. The market document also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. The market document puts on view significant product developments and tracks recent acquisitions, mergers and research in the Healthcare industry by the key players. Next Generation Sequencing (NGS) Market report contains market data that can be relatively essential when it comes to dominate the market or make a mark in the market as a new emergent.
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According to the market report analysis, High-throughput sequencing, most widely regarded as the “next-generation” sequencing (NGS), is now integrated into routine clinical practice due to the numerous technical and functional developments, while early protocols relied on samples harvested outside of typical workflows in clinical pathology, standard formalin-fixed, paraffin-embedded specimens which can be used more regularly as starting material for NGS.
The most significant key factors driving the growth of the Global Next Generation Sequencing (NGS) Market are increased technological advancement and use of next generation sequencing in drug development and wide portfolio offered by major player.
Global Next Generation Sequencing (NGS) Market Segmentation:
The Global Next Generation Sequencing (NGS) Market is segmented on the basis of Product, Application, End-User and Region. Next Generation Sequencing (NGS) market is cover distinctive segment market estimate, both volume and value, also cover diverse businesses customers’ data, which is imperative for the makers.
- Based on the Product, the global next generation sequencing (NGS) market is segmented into instrument, consumables, and services.
- Based on the Application, the global next generation sequencing (NGS) market is segmented into diagnostic, drug discovery, biomarker discovery, precision medicine, agriculture and animal research.
- Based on the End-User, the global next generation sequencing (NGS) market is segmented into hospitals & clinics, research centers and academic & government institutes, pharmaceutical & biotechnology companies.
Regional analysis, Instrument segment in the U.S. is expected to grow with the highest growth rate in the forecast period of 2022 to 2029 because of the presence of large number of manufacturer which are delivering instrument to various research labs and others. Instrument segment in Germany is expected to grow due to the high technology laboratory facilities in and adoption of latest technology in the country. Instrument segment in China is expected to grow due to the fact that it has large number of genomic centers and local player for providing products in China.
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Top Major Key Players in the Global Next Generation Sequencing (NGS) Market:
- Agilent Technologies Inc
- Thermo Fisher Scientific Inc
- QIAGEN
- Illumina Inc
- Bio-Rad Laboratories Inc
- Roche Sequencing (A subsidiary of F. Hoffman La Roche)
- BGI Group
- Oxford Nanopore Technologies plc
- MACROGEN CO. LTD.
- DNASTAR
- PerkinElmer Inc
- Takara Bio Inc
- 10x Genomics
- Hamilton Company and More…………
Next Generation Sequencing (NGS) Market Country Level Analysis:
- Asia-Pacific Next Generation Sequencing (NGS) Market is growing with a CAGR of 19.8% in the forecast period of 2022 to 2029 and is expected to reach USD 6,039.51 Million by 2029.
- North America Next Generation Sequencing (NGS) Market is growing with a CAGR of 17.4% in the forecast period of 2022 to 2029 and is expected to reach USD 13,301.32 Million by 2029.
- Europe Next Generation Sequencing (NGS) Market is growing with a CAGR of 15.7% in the forecast period of 2022 to 2029 and is expected to reach USD 8,733.08 Million by 2029.
- Middle East and Africa Next Generation Sequencing (NGS) Market is growing with a CAGR of 12.7% in the forecast period of 2022 to 2029 and is expected to reach USD 791.18 Million by 2029.
Major Key Developments in Global Next Generation Sequencing (NGS) Market:
- October 2021 – Thermo Fisher Scientific Inc. announced that it has launched Applied Biosystem QuantSudio Absolute Q-Digital PCR System, which is a designed to provide highly accurate results in genetic analysis. The digital PCR is already in use for monitoring cancer driven mutations in liquid biopsy. This has helped he company to increase its product portfolio.
- February 2021 – QIAGEN announced a partnership with INOVIO to develop next generation sequencing (NGS) companion diagnostic for INOVIO’s VGX-3100 for advanced cervical dysplasia. This has increased the company portfolio towards NGS and increase the revenue of the company.
- January 2021 – Oxford Nanopore Technologies plc and NVIDIA collaborate to partner the DGX AI compute system with ultra-high throughput PromethION sequencer. This was the world’s most powerful sequencer that supports real-time analyses at scale, and can also analyse any length fragment of DNA/RNA. This helped in exchange of technologies and is expected to help the company in future expansion and plans.
Global Next Generation Sequencing (NGS) Market: Table of Contents
1 Report Overview 2022-2029
2 Global Growth Trends 2022-2029
3 Competition Landscape by Key Players
4 Global Next Generation Sequencing (NGS) Market Analysis by Regions
5 Global Next Generation Sequencing (NGS) Market Analysis by Type
6 Global Next Generation Sequencing (NGS) Market Analysis by Applications
7 Global Next Generation Sequencing (NGS) Market Analysis by End-User
8 Key Companies Profiled
9 Global Next Generation Sequencing (NGS) Market Manufacturers Cost Analysis
10 Marketing Channel, Distributors, and Customers
11 Market Dynamics
12 Global Next Generation Sequencing (NGS) Market Forecasts 2022-2029
13 Research Findings and Conclusion
14 Methodology and Data Source
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