Uploaded on Nov 1, 2021
The rise in technological advancements, especially nanopore sequencing in NGS and rise in the need to improve diagnostic procedures and ensure quality treatment is propelling the development is propelling the development of next generation sequencing market.
Next Generation Sequencing Market is Expected to Grow with High Probability Business Opportunity by 2030
Next Generation Sequencing Market To
Witness the Highest Growth Globally in
Coming Years 2020-2030
Next Generation Sequencing Market by Product (Consumables, Platforms, Services and Nerve Blockers), Application (Diagnostics, Biomarkers and Cancer,
Reproductive Health, Personalized Medicine, Agriculture and Animal Research, and Other Applications), Technology (Sequencing by Synthesis, Ion Semiconductor
Sequencing, Sequencing by Ligation, Pyrosequencing, Single Molecule Real Time Sequencing, and Other Technologies), and End User (Academic and Research
Centers, Pharmaceutical and Biotechnology Companies, Hospitals and Clinics, and Other End Users): Global Opportunity Analysis and Industry Forecast, 2021–2030
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Overview
The global next generation sequencing market size
was valued at $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 impact of COVID-19 pandemic is expected to
remain positive for the next generation sequencing
industry. As Next-generation sequencing (NGS)
diagnostic technology has the potential advantage
of determining the genetic sequence of a virus and
helping scientists understand the mutation of the
virus.
Segments
In terms of revenue, the global Multiplex Assay Market is segmented on
the basis of Product Type, Application, Technology, End User and region.
By Product – Consumable segment was the highest contributor to the
market, in 2020, and is estimated to grow at a CAGR of 17.7% during
the forecast period. The consumable segment held the largest share in
2020 and is anticipated to maintain its dominance during the forecast
period. This large share is attributed to the fact that they are widely
used throughout the sample preparation process and other pre-
requisite steps of NGS.
By Technology – The next generation sequencing technology market
is classified into sequencing by synthesis, ion semiconductor
sequencing, sequencing by ligation, pyrosequencing, single molecule
real time sequencing, and other technologies.
Geography
North America dominated the Next Generation
Sequencing Market. The market growth in North
America is primarily a reflection of product
innovations and launches resulting from
technological advancements. The companies mostly
adopted product launch, acquisition, and expansion
as their key strategies to keep pace with the
changing demands of consumers and strengthen
their market position.
Key Market Players
The key players operating in the global HIV Drugs Market are
• Agilent Technologies, Inc
• BGI Group
• F. 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.
• An in-depth market analysis includes analysis of various
regions, which is anticipated to provide a detailed
understanding of the current trends to enable stakeholders
formulate region-specific plans.
Key Findings of the
• A comprehensive analysis of factors that drive and restrain
Next Generation the growth of the global is provided.
Sequencing Market: • The projections in this report are made by analyzing the
current trends and future market potential from 2021 to
2030, in terms of value.
Find out more at the Allied Market Report store
https://www.alliedmarketresearch.com/next-generation-sequencing-market
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