Global Next Generation Sequencing Market Driven by Advances in DNA Sequencing | CAGR of 18.2%

NGS has significantly accelerated the pace of scientific discovery, enabling the identification of disease-causing mutations, the exploration of genetic variations across populations, and the advancement of personalized medicine. By providing unprecedented insights into the intricacies of the genome, Next Generation Sequencing has revolutionized our understanding of human biology and holds immense promise for the future of healthcare and genomic research. The global next generation sequencing market size accounted for $6,598.62 million in 2020, and is projected to reach $35,503.66 million by 2030, registering a CAGR of 18.2% from 2021 to 2030. The Next Generation Sequencing Market is a rapidly growing field with immense potential. Next Generation Sequencing (NGS) is a revolutionary technology that has transformed the field of genomics. It allows for the rapid and high-throughput sequencing of DNA or RNA, enabling researchers to decode an individual’s entire genetic makeup or analyze gene expression patterns.

Next Generation Sequencing Market in Short:

CAGR: 18.2%
Current Market Size: USD 35,503.66 Million
Fastest Growing Region: APAC
Largest Market: North America
Projection Time: 2021-2030
Base Year: 2021

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What are the key trends in the next generation sequence market report?

The key trends in the next generation sequence market are due to rise in technological advancements, especially nanopore sequencing in NGS and rise in the need to improve diagnostic procedures and ensure quality treatment is boosting the growth of next generation sequencing market.

Does the next generation sequence market report provides Value Chain Analysis?

There is no value chain analysis provided in the next generation sequence market report.

Value Propositions Related to The Report:

• Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
• Comprehensive quantitative and qualitative insights at segment and sub-segment level
• Covid 19 impact trends and perspective
• Granular insights at global/regional/country level
• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market

Covid-19 Situation –

• NGS research technology offers great potential to determine the genetic structure of a virus, thus helping scientists to identify the mutation of this virus. This has a positive impact on the NGS market.
• At the same time, genome sequencing has been used to understand the spread of COVID-19, thus improving treatment.

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Next Generation Sequencing (NGS) is a state-of-the-art technology that has revolutionized the field of genomics. It enables the rapid and efficient sequencing of large amounts of DNA or RNA, allowing scientists to unravel complex genetic information with unprecedented speed and accuracy.

NGS has opened up new avenues for research, diagnosis, and personalized medicine. It has facilitated the identification of disease-causing genetic mutations, the study of genetic variations in populations, and the exploration of gene expression patterns. With its ability to generate vast amounts of sequencing data, Next Generation Sequencing has become an indispensable tool in advancing our understanding of genetics and improving healthcare outcomes.

Major Key Market Players in the Industry –

• Agilent Technologies, Inc
• BGI Group
• Hoffmann-La Roche AG
• Illumina Inc
• Precigen Inc., (Intrexon Bioinformatics Germany GmbH)
• Pacific Biosciences of California, Inc
• PerkinElmer, Inc.
• PierianDx Inc.
• Qiagen N.V.
• Thermo Fisher Scientific Inc.

Market: By Region Outlook

• North America (U.S., Canada, Mexico)
• Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
• LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)

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Important Questions Being Answered by This Market Report Are –

Q1. What is the total market value of next generation sequence market report?

Q2. What would be forecast period in the market report?

Q3. What is the market value of next generation sequence market in 2030?

Q4. Which is base year calculated in the next generation sequence market report?

Key findings of the study –

• North America has the largest position in the global next generation systems market in 2020.
• By application, the biomarkers and cancer segment are the largest contributor to the next-generation systems market, in 2020, and is expected to grow at a CAGR of 17.5% from 2021 to 2030.
• By product type, the consumer segment is the largest contributor to the market, in 2020, and is expected to grow at a CAGR of 17.7% during the forecast period.
• From a technical point of view, the sector of order-by-contract is the most important contribution to the market in 2020.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐈𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 –

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