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Next-Generation Sequencing (NGS) Market Size 2022-2027: Top Companies, Trends, Growth, Opportunity and Forecast

Next-Generation Sequencing (NGS)

According to IMARC Group’s latest report, titled “Next-Generation Sequencing (NGS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global next-generation sequencing (NGS) market reached a value of US$ 13.82 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 40.25 Billion by 2027, exhibiting at a CAGR of 19.5% during 2022-2027.

 

Next-generation sequencing refers to the process of determining the sequence of nucleotides in DNA. It involves various procedures, such as sequencing by synthesis (SBS), ion semiconductor sequencing, nanopore sequencing, and single-molecule real-time (SMRT) sequencing. Next-generation sequencing is a cost-effective solution that offers faster and highly precise results. This enables the analysis of millions of DNA molecules, which facilitates research activities in the fields of personalized and genetic medicines, agriculture and animal research, and clinical diagnostics.

 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

 

Request a Free PDF Sample of the Report: https://www.imarcgroup.com/next-generation-sequencing-market/requestsample

 

Market Trends and Drivers:

The growing prevalence of chronic diseases, such as cancer, along with several technological advancements in the field of medical sciences are primarily driving the next generation sequencing market. Furthermore, due to the widespread utilization of liquid biopsies in cancer diagnosis, there has been an increasing demand for NGS technologies. These technologies utilize cell-free circulating tumor DNA (ctDNA) as a non-invasive cancer biomarker for real-time cancer monitoring and detection. Additionally, the increasing adoption of genome mapping solutions to forecast and analyze numerous chronic ailments is also propelling the market. Other factors, such as declining costs of NGS technologies and numerous R&D activities in the field of sequencing chemistry, are further expected to drive the next generation sequencing (NGS) market growth in the coming years.

 

Next-Generation Sequencing (NGS) Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the next-generation sequencing market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Agilent Technologies
  • Becton Dickinson and Company
  • 10x Genomics
  • BGI Group
  • Eurofins Scientific
  • F. Hoffmann-La Roche AG
  • Illumina Inc.
  • Genewiz, Macrogen
  • Oxford Nanopore Technologies
  • Pacific Biosciences
  • PerkinElmer
  • Thermo Fisher Scientific
  • Qiagen N.V.
  • GenapSys Inc.

 

Key Market Segmentation:

The report has segmented the global next-generation sequencing market on the basis of sequencing type, product type, technology, application, end-user and region.

 

Breakup by Sequencing Type:

  • Whole Genome Sequencing
  • Targeted Resequencing
  • Whole Exome Sequencing
  • RNA Sequencing
  • CHIP Sequencing
  • De Novo Sequencing
  • Methyl Sequencing
  • Others

 

Breakup by Product Type:                                       

  • Instruments
  • Reagents and Consumables
  • Software and Services

 

Breakup by Technology:

  • Sequencing by Synthesis
  • Ion Semiconductor Sequencing
  • Single-Molecule Real-Time Sequencing
  • Nanopore Sequencing
  • Others

 

Breakup by Application:

  • Drug Discovery and Personalized Medicine
  • Genetic Screening
  • Diagnostics
  • Agriculture and Animal Research
  • Others

 

Breakup by End-User:       

  • Academic Institutes & Research Centers
  • Hospitals & Clinics
  • Pharmaceutical & Biotechnology Companies
  • Others

 

Breakup by Region:

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

 

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2039&flag=C

 

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

 

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

 

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

 

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