Next Generation Sequencing (NGS) Market is Set to Exceed the Valuation of USD 29,307.13 million at a CAGR of 17.1% During the Forecast Period 2029

While creating Next Generation Sequencing (NGS) Market research report, marketing administration has carefully considered the minds of their target markets, their feelings, their preferences, their attitudes, convictions and value systems with a formalised and managerial approach. For the accomplishment of business at local, regional and international level, this high quality global market research is an ultimate solution. The research studies accomplished in the wide ranging Next Generation Sequencing (NGS) Market business report helps to guess several important aspects that includes but are not limited to investment in a rising market, success of a new product, and expansion of market share.

The leading Next Generation Sequencing (NGS) Market report offers a great understanding of the current market situation with the historic and projected upcoming market size based on technological growth, value and volume, projecting cost-effective and leading fundamentals in the market. The report analyses market information related to specific stock, currency, commodity and geographic region or country. SWOT analysis has been performed while formulating this reliable market report along with many other standard steps of researching, analysing and collecting data. Next Generation Sequencing (NGS) Market report works as a definite source of information to offer a telescopic view of the current market trends, situations, opportunities and status.

The global next generation sequencing (NGS) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the 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. Wide portfolio offered by major players and use of NGS in drug development is expected to act as driver for the next generation sequencing (NGS) market growth.

Major factors driving the growth of global next generation sequencing (NGS) market are use of next generation sequencing in drug development and wide portfolio offered by major player and the factor which hampers the growth of the next generation sequencing (NGS) market includes high cost of next generation sequencing products and product recall.

The next generation sequencing (NGS) market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the next generation sequencing (NGS) market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

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Next Generation Sequencing (NGS) Market Scope and Market Size

The next generation sequencing (NGS) market is segmented on basis of product, application and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of product, the global next generation sequencing (NGS) market is segmented into instrument, consumables, and services. In 2022, the instrument segment is expected to dominate the global next generation sequencing (NGS) market as the instruments are the major component in next generation sequencing procedures.

On the basis of application, the global next generation sequencing (NGS) market is segmented into diagnostic, drug discovery, biomarker discovery, precision medicine, agriculture and animal research. In 2022, the diagnostic segment is expected to dominate the global next generation sequencing (NGS) market due to the fact that clinical laboratories have increasingly adopted the NGS for routine diagnosis because it has the potential to deliver precise test result and provide excellent treatment regime.

On the basis of end user, the global next generation sequencing (NGS) market is segmented into hospitals & clinics, research centres and academic & government institutes, pharmaceutical & biotechnology companies. In 2022, research center and academic & government institutes is expected to dominate the global next generation sequencing (NGS) market as research related to next generation sequencing for chronic disease and personalized medicine is being conducted mainly by these institutes which is driving the segment growth.

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Global Next Generation Sequencing (NGS) Market Regional Analysis/Insights

The next generation sequencing (NGS) market is analysed and market size information is provided by the product, application and end user as referenced above.

The countries covered in the next generation sequencing (NGS) market report are the U.S., Canada and Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Turkey, Austria, Ireland, and Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines and rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt and rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

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 centres and local player for providing products in China.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Next Generation Sequencing (NGS) Market Developments  

In 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.

In October 2021, ThermoFisher 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.

In 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.

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Research Methodology: Global Next Generation Sequencing (NGS) Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, 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, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Manufacturer, Geneticists, Healthcare Industry, Scientists, Research Laboratories

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Key Market Competitors Covered in the Report

Thermo Fisher Scientific Inc.

Agilent Technologies, Inc.

QIAGEN

Illumina, Inc.

Bio-Rad Laboratories, Inc.

Roche Sequencing (A subsidiary of F. Hoffman La Roche)

BGI (A subsidiary of BGI Group)

Oxford Nanopore Technologies plc

MACROGEN CO., LTD.

DNASTAR

Geneious

Partek Incorporated

PerkinElmer Inc.

Takara Bio Inc.

bioMérieux SA

Pacific Biosciences of California, Inc.

GENEWIZ

10x Genomics

New England Biolabs

Hamilton Company

Key Pointers Covered in Next Generation Sequencing (NGS) Market Industry Trends and Forecast to 2029

Market Size

Top to Bottom Market Analysis

Recent Developments for Market Competitors

Recent Market Value for Different Countries

Market value and over view of Next generation sequencing (NGS) market

Company profiling of top eight players of Next generation sequencing (NGS) market

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Asia-Pacific Next Generation Sequencing (NGS) Market – Industry Trends and Forecast to 2029

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