Global Next-Generation Sequencing Market overivew
Based on market research, the worldwide Next-Generation Sequencing Market is projected to experience substantial growth in the forecasted period. The report encompasses insights into the factors driving growth, significant obstacles, upcoming challenges, and existing opportunities within the global Next-Generation Sequencing market. Additionally, the report provides detailed analyses of dynamics and Next-Generation Sequencing market size on a regional and segmental basis.
Next-Generation Sequencing Market Report Scope and Research Methodology
The analyst has primarily focused on crucial market trends and their potential impact on new business investments and advancements within the Next-Generation Sequencing industry. These trends encompass emerging technologies, evolving regulations, government investments, novel applications, international market entries, and other industry dynamics that shape the market landscape. This study offers an in-depth trend analysis, aiding clients in making strategic decisions to enhance their presence within the Next-Generation Sequencing market.
Maximize Market Research furnishes exclusive essential statistics, facts, insights, trends, and competitive landscape details specific to this domain. The report evaluates the present state of the Next-Generation Sequencing market and projects its trajectory up to 2030. It also includes profiles of key companies, covering aspects like capacity, production, pricing, costs, revenue, and contact information for prominent global Next-Generation Sequencing manufacturers. The approach employed to estimate both global and regional Next-Generation Sequencing market sizes is a bottom-up methodology.
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Next-Generation Sequencing Market Regional Insights
The report includes a detailed analysis of market dynamics, market size and market share in all the regions and their countries mentioned below:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Next-Generation Sequencing Market Segmentation
by Product & Services
NGS Consumables
• Exome & Targeted Resequencing & Custom Panel
• Whole-Genome Sequencing & De Novo Sequencing
• RNA Sequencing
• Other Sequencing Services
Sequencing Services
Presequencing Products & Services
• Library Preparation & Target Preparation
• Quality Control
NGS Platforms
• Illumina
o Novaseq Systems
o Nextseq Systems
o Miseq Systems
o Miniseq Systems
o iSeq Systems
• Thermo Fisher Scientific
o ION PGM Systems
o ION Proton System
o ION Genestudio Systems
o Ion Torrent Genexus Systems
• Oxford Nanopore Technologies
• Pacific Biosciences
• Other Platforms
Bioinformatics
o Services
o NGS Software & Workbenches
o NGS Storage, Management, & Cloud Computing Solutions
Services for NGS Platforms
Throughout the predicted period, consumables led the industry based on product and services. The high proportion of this sector can be attributed to the increasing number of sequencing operations and the development of easy-to-use consumables.
by Technology
Sequencing by Synthesis
ION Semiconductor Sequencing
Nanopore Sequencing
Single-Molecule Real-Time Sequencing
Other Technologies
In 2020, the industry was headed by the sequencing by synthesis technology segment. The market dominance of sequencing by synthesis technology may be the reason for the growing availability of NGS platforms based on this technology. Moreover, sequencing increases revenues because it's a capital-intensive operation. It is anticipated that as WGS is used more effectively, sequencing initiatives will provide more data. The massive volumes of data generated after sequencing make analysis challenging.
by Application
Diagnostics
Drug Discovery
Agricultural & Animal Research
Other Applications
According to Application, major players in the market placed a greater focus on enhancing NGS-based cancer and noninvasive pregnancy test products and services (NIPT), which helped the diagnostics application segment lead the industry in 2020. Prominent firms such as Illumina are putting a lot of effort into developing NGS-based in vitro diagnostic (IVD) solutions for the diagnosis of cancer.
by End-User
Academic Institutes & Research Centers
Pharmaceutical & Biotechnology Companies
Hospitals & Clinics
Other End Users
The academic institutions and research centers made major advancements based on End User. The expanding number of collaborations between academic and research institutions and NGS market participants may be attributed to the segment's high share. The usage of NGS solutions in university and research center research programs may be the cause of this expansion. Additionally, it is anticipated that funding for NGS Ph.D. programs will increase demand for NGS products and services, leading to profitable expansion in the
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Next-Generation Sequencing Market Key Players include:
Illumina
QIAGEN
Thermo Fisher Scientific, Inc.
F. Hoffman-La Roche Technologies
Genomatrix GmbH
PierianDx
DNASTAR, Inc.
Eurofins GATC Biotech GmbH
Perkin Elmer, Inc.
BGI
Bio Rad Laboratories, Inc.
Other Key Players
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Key Questions answered in the Next-Generation Sequencing Market Report are:
What is Next-Generation Sequencing Market?
What was the global Next-Generation Sequencing market size in 2023?
What is the expected CAGR of the Next-Generation Sequencing market during the forecast period?
What is the expected Next-Generation Sequencing market size by 2030?
What factors are affecting the Next-Generation Sequencing market growth?
Which region held the largest share of the global Next-Generation Sequencing market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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