Next Generation Sequencing Market Rising demand for early detection of cancer and infectious diseases are expected to drive growth of the market | Thermo Fisher Scientific Inc., Agilent Technologies, Inc, bioMérieux SA

Increased dispatches of arrangements that can be utilized with next-generation sequencing procedures to distinguish diseases are supposed to drive the market development over the forecast period. For example, on June 7, 2022, Twist Bioscience Corporation, an organization empowering clients to prevail through its contribution of top-notch manufactured DNA utilizing its silicon stage, declared the send-off of the Twist MRD Rapid 500 Panel1, a custom arrangement that can be added to a standard next generation sequencing (NGS) work process, offering completely adjustable and profoundly financially savvy boards to identify the minimal residual disease (MRD) like malignant growth in as not many as five days

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Global Next Generation Sequencing Market-Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic and lockdowns in different nations across the globe have affected the monetary status of organizations across all areas, including the confidential healthcare area. The COVID-19 pandemic has affected the entire store network of the healthcare business, predominantly because of severe lockdown in a few regions. Confidential healthcare is one such area that has been affected fundamentally by the COVID-19 pandemic.

Be that as it may, the COVID-19 pandemic emphatically affected the next-generation sequencing market, inferable from the increasing endeavors by the public authority of the nations to arrange the genomes of the COVID-19 contamination utilizing next generation sequencing method. For example, in March 2020, the UK government sent off another partnership to arrange the genomes of SARS-CoV-2, the infection responsible for the current COVID-19 pandemic. Upheld by a £20 million (US$ 24.15 million) speculation, the COG-UK is included the NHS, Public Health Agencies, the Wellcome Sanger Institute, and a few scholarly organizations. Whole genome sequencing (WGS) gives the most noteworthy conceivable resolution data about a creature’s genome, and can possibly change irresistible disease the executives.

Global Next Generation Sequencing Market: Key Developments

In January 2022, Pathogenomix Inc., a next-generation sequencing, microbe demonstrative organization, declared that the US Food and Drug Administration (FDA) had conceded it a breakthrough gadget assignment for its patho-Seq examine. Patho-Seq is intended for the fast recognition and recognizable proof of hundreds of clinically relevant microbes for an expansive rundown of clinical circumstances and test types, including sepsis from whole blood tests and bacterial meningitis from CSF

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Key Takeaways of the Global Next Generation Sequencing:

• The global next generation sequencing market is supposed to display a CAGR of 18.3%s during the forecast time frame because of the increasing endeavors by research facilities to apply next-generation sequencing procedures for treating different diseases, for example, the disease is supposed to drive the market development over the forecast period. For example, in February 2022, the first disease genome sequencing machine was introduced in Kerala, India. This is set to change disease treatment in the state as genome sequencing would give oncologists more information about the reasons for malignant growth and assist them with creating custom treatments, additionally called precision medicine or personalized medicine in light of singular cancer’s genetic profile
• Among end users, the research centers are assessed to stand firm on a predominant footing in the global next generation sequencing market over the forecast period, inferable from the increased research exercises and foundations of next generation sequencing offices by the research associations. For example, in July 2019, Union Minister of Health and Family Welfare, Science and Technology and Earth Sciences, Dr. Harsh Vardhan initiated the Next Generation Sequencing (NSG) office at the Center for Cellular and Molecular Biology, a premier research association in wilderness areas of current science, in Hyderabad
• Based on regions, North America is assessed to represent the biggest market share in the global next generation sequencing market over the forecast period, attributable to the increasing ventures by the public authority of the region to execute next-generation sequencing-based projects. For example, in 2018, the Canadian Institute of Health Research in a joint effort with Genome Canada (a non-benefit association utilizing genomic-based advancements) reported a venture of US$ 162 million over a time of 4 years to help 15 genome-based precision wellbeing projects
• Central players working in the global next generation sequencing market incorporate Pierian, PerkinElmer Genomics, BGI, Oxford Nanopore Technologies plc., Illumina, Inc., QIAGEN, F. Hoffmann-La Roche Ltd, bioMérieux SA, Agilent Technologies, Inc, and Thermo Fisher Scientific Inc.

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The Study Objectives are:

✔ A comprehensive insight into key players operating in the Next Generation Sequencing Market and their corresponding data.
✔ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
✔ Regional analysis, which includes insight into the dominant market and corresponding market share.
✔ It also includes various socio-economic factors affecting the evolution of the market in the region.
✔ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.

Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Next Generation Sequencing Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Next Generation Sequencing Industry Impact

Chapter 2 Global Next Generation Sequencing Competition by Types, Applications, and Top Regions and Countries
2.1 Global Next Generation Sequencing (Volume and Value) by Type
2.3 Global Next Generation Sequencing (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Next Generation Sequencing Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Next Generation Sequencing Market Analysis
Chapter 6 East Asia Next Generation Sequencing Market Analysis
Chapter 7 Europe Next Generation Sequencing Market Analysis
Chapter 8 South Asia Next Generation Sequencing Market Analysis
Chapter 9 Southeast Asia Next Generation Sequencing Market Analysis
Chapter 10 Middle East Next Generation Sequencing Market Analysis
Chapter 11 Africa Next Generation Sequencing Market Analysis
Chapter 12 Oceania Next Generation Sequencing Market Analysis
Chapter 13 South America Next Generation Sequencing Market Analysis
Chapter 14 Company Profiles and Key Figures in Next Generation Sequencing Business
Chapter 15 Global Next Generation Sequencing Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology