In recent years, the global Next Generation Sequencing (NGS) Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Next Generation Sequencing (NGS) Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps’ Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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Global Next Generation Sequencing Market size was valued at USD 7.82 billion in 2022 and is poised to grow from USD 9.27 billion in 2023 to USD 36.04 billion by 2031, growing at a CAGR of 18.5% in the forecast period (2024-2031). The new study offers a brief evaluation of the Next Generation Sequencing (NGS) Market statistics, which are subdivided into the regions, countries as well as subregions. This report is helpful to remark the possible estimations and projection regarding the growth strategies of the global Next Generation Sequencing (NGS) Market. It also summarizes possible profit opportunities, sales/demand, production as well as consumption analysis, in involvement to Next Generation Sequencing (NGS) industry share in each nation and sub-region. The geographical segment of the Next Generation Sequencing (NGS) Market report illustrates the industry share as well as growth rates of each region during the estimated period from 2024 to 2031.
Global urbanization and rapid industrialization have increased the need for new market Growth. This has prompted a rise in the use of Next Generation Sequencing (NGS). Additionally, massive amounts of money are being spent by governments and the private sector globally on Next Generation Sequencing (NGS) industry, which is further boosting the market’s expansion. The amount that regional governments are investing to improve the current investment is increasing as part of their global market plans. The whole research report on the Next Generation Sequencing (NGS) Market concentrated on the valuable data and various other factors. Additionally, the report delivers a comprehensive overview, pie charts, tables, diagrams, and tables to assist the growth of the Next Generation Sequencing (NGS) Market.
Market Segments covered:
Product & Service
NGS Consumables, Sequencing Services (Exome & Targeted Resequencing and Custom Panels, RNA Sequencing, DE NOVO Sequencing, Chip sequencing, Whole-genome sequencing, Methyl sequencing, Other sequencing services), Pre-Sequencing Products & Services (Library preparation and target enrichment, Quality control), NGS Platforms (Illumina [NovaSeq systems, NextSeq systems, MiSeq systems, iSeq 100 systems, MiniSeq systems], Thermo Fisher Scientific, Oxford Nanopore Technologies, Pacific Biosciences, Other NGS Platforms), Bioinformatics (NGS Data Analysis Services, NGS Data Analysis Software and Workbenches, NGS Storage, Management, And Cloud Computing Solutions), and Services for NGS Platforms
Technology
Sequencing By Synthesis, Ion Semiconductor Sequencing, Nanopore Sequencing, Single-molecule Real-time Sequencing, and Other Sequencing Technologies
Application
Diagnostics (Cancer Diagnostics, Infectious Disease Diagnostics, Reproductive Health Diagnostics, Other Diagnostic Applications), Drug Discovery and Development (Pharmacogenomics, Other Drug Discovery and Development Applications), Agricultural and Animal Research, and Other Applications
End User
Academic Institutes And Research Centers, Pharmaceutical And Biotechnology Companies, Hospitals And Clinics, Reference Laboratories, and Other End Users
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Profitable players of the Next Generation Sequencing (NGS) Market are:
- Illumina Inc. (US)
- Thermo Fisher Scientific, Inc. (US)
- PerkinElmer Inc. (US)
- BGI Group (China)
- Agilent Technologies Inc. (US)
- Eurofins Scientific SE (Luxembourg)
- Pacific Biosciences of California Inc. (US)
- Oxford Nanopore Technologies (UK)
- QIAGEN NV (Netherlands)
- F. Hoffmann-La Roche AG (Switzerland)
- GENEWIZ Inc. (US)
- Psomagen, Inc. (South Korea)
- 10x Genomics Inc. (US)
Essential regions of the Next Generation Sequencing (NGS) Market are:
- Next Generation Sequencing (NGS) North America Market includes (Canada, Mexico, USA)
- Next Generation Sequencing (NGS) Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
- Next Generation Sequencing (NGS) Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
- Next Generation Sequencing (NGS) South America Market includes (Brazil, Argentina)
FAQs: –
- What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers who dominate the world market?
- What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
- What are the market’s risks and opportunities?
What’s more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Next Generation Sequencing (NGS) industry.
Pivotal questions answered in the global Next Generation Sequencing (NGS) Market report:
- What are the major value propositions of the Next Generation Sequencing (NGS) Market?
- What are the new strategical frameworks that are mobilized among players to accomplish resilience in the wake of the COVID-19 pandemic?
- What technologies are expected to adopt the new regulations in Next Generation Sequencing (NGS) report?
- What are the key collaborations generated by the vendors to consolidate their position in the Next Generation Sequencing (NGS) Market?
- What are the vital offerings new entrants concentrate on to implement unique positioning strategies?
- What are the futuristic prospects of the Next Generation Sequencing (NGS) Market across the globe?
Looking ahead, the Next Generation Sequencing (NGS) Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Next Generation Sequencing (NGS) Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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