Next Generation Sequencing Market – Recent Developments & Growth Opportunities 2021-2027
Category: #healthcare  By Ronak Bora  Date: 2021-03-19
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Next Generation Sequencing Market – Recent Developments & Growth Opportunities 2021-2027

Global next generation sequencing market is set to witness tremendous growth over the projected timeframe of 2019 to 2025 attributing to rapid advancements in DNA sequencing technologies and their extensive application in genetic analysis. Next generation sequencing technology has significantly transformed the process of gene mapping, interpretation of data as well as analysis of large genome databases that allow scientists and researchers to develop drugs for various diseases.

Next generation sequencing has emerged as one of the rapidly growing segments of medical science industry, since the novel technology has primarily revolutionized biological science. Researchers have studied biological systems and performed a wide variety of applications with high scalability and speed that next-gen sequencing has offered.

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Instrument segment is predicted  to show notable growth rate of 20% over the analysis timeline owing to availability of technologically advanced NGS instruments that help scientists and researchers in conducting efficient drug discovery activities. Moreover, recently developed instruments have enabled drastic reduction in capital cost that are incurred by research processes, which will positively influence the segment outlook

Pharmaceutical & biotechnology companies are estimated to register a substantial growth rate of 21% over the analysis timeframe, on account of their active involvement in R&D activities for development of drugs for various chronic disorders. Besides, these companies are adopting technologically enhanced next generation sequencing instruments for manufacturing reliable and commercially viable drugs.

North America next generation sequencing market has witnessed robust developments due to the positive regulatory scenario and the availability of flexible trade policies. Moreover, most of the research processes for drugs are carried out across the United States and advanced laboratories are established across the region to carry out research processes.

Major industry players operating in next generation sequencing market such as Agilent, 10X Genomics, BGI, Genapsys, Bio-Rad, Illumina, Nanostring, Long Read Solutions, Oxford Nanopore, Roche, Qiagen, Thermofisher and Pac-Bio are emphasizing on effective business strategies such as new product launch, mergers and acquisitions to gain a strong presence in the market.

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Partial Chapter of the Table of Content

Chapter 4   Next Generation Sequencing Market, By Product Type

4.1    Key segment trends

4.2    Instruments

4.2.1    Market size, by region, 2016 – 2027

4.3    Consumables

4.3.1    Market size, by region, 2016 – 2027

4.4    Services

4.4.1    Market size, by region, 2016 – 2027

Chapter 5   Next Generation Sequencing Market, By Application

5.1    Key segment trends

5.2    Research

5.2.1    Market size, by region, 2016 – 2027

5.3    Clinical

5.3.1    Market size, by region, 2016 – 2027

5.3.2    Cardiovascular

5.3.2.1    Market size, by region, 2016 – 2027

5.3.3    Reproductive health

5.3.3.1    Market size, by region, 2016 – 2027

5.3.4    Cancer

5.3.4.1    Market size, by region, 2016 – 2027

5.3.5    Infectious diseases

5.3.5.1    Market size, by region, 2016 – 2027

5.3.6    Others

5.3.6.1    Next Generation Sequencing Market size, by region, 2016 – 2027

5.4    Others

5.4.1    Market size, by region, 2016 – 2027

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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