The Global Next Generation Sequencing Market is forecast to exhibit a remarkable CAGR as the next generation sequencing platform allows effective sequencing of millions of DNA molecules. Fortune Business Insights in a new report, titled “Next Generation Sequencing Market Analysis, Insights and Forecast, 2019-2026” offers a detailed analysis of the competitive landscape and market dynamics.
As per the report, the global Next Generation Sequencing Market is expected to rise at a ferocious CAGR of 22.2% between 2018 and 2026. In 2018, the market was worth US$ 6,335.2 Mn and the Next Generation Sequencing Market will be a howling success as it is projected to reach US$ 31,411.3 Mn by 2026. The demand for next-generation sequencing (NGS) methodologies is increasing rapidly across several applications such as diagnostics, clinical research among others.
Some of the Main Key Players Covered in the Next Generation Sequencing Market Report:
- Thermo Fisher Scientific
- Agilent Technologies
- PerkinElmer Inc.
- Eurofins Scientific
- Macrogen, Inc.
Demand for Next Generation Sequencing Market to Rising at a High Pace
Next generation sequencing (NGS) products encompass instruments, consumables, and software. According to the findings from the report, the next-generation sequencing product segment is anticipated to lead the market over the forecast period. This is ascribable to some primary factors such as new product launches, high usage of consumables, and easy availability. Apart from next generation sequencing (NGS) products, next generation sequencing services are expected to grow at a higher CAGR during the forecast period.
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The need for novel platforms regarding advancements in bioinformatics and fast DNA data interpretation are paving the way for start-ups, especially for next-generation sequencing (NGS) services. With the introduction of next-generation sequencing, the cost of sequencing has reduced over the years.
This is positively impacting the growth of this segment. Furthermore, the adoption of next-generation sequencing-based testing is increasing across the world. This, coupled with attractive healthcare reimbursement policies, is expected to drive the segment’s growth in the projected period.
Major Table of Content for Next Generation Sequencing Market:
1. Introduction of NGS
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Overview of Next Generation Sequencing Diagnostics Test
4.2. Regulatory Scenario – For Key Countries
4.3. New Product Launch
4.4. Startups with their Funding Overview
4.5. Key industry Developments – Mergers, Acquisitions and Partnerships
5. Global Next Generation Sequencing Market (NGS) Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Type
22.214.171.124. Instruments & Software
5.3. Market Analysis, Insights and Forecast – By Application
5.4. Market Analysis, Insights and Forecast – By End User
5.4.1. Research Institutes
5.4.2. Healthcare Facilities & Diagnostic Centers
5.4.3. Pharmaceutical & Biotechnological Companies
5.4.4. Contract Research Organization (CROs)
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.3. Asia Pacific
5.5.4. Latin America
5.5.5. Middle East & Africa