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seobhushan

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The Next generation sequencing market is estimated to procure steady growth driven by robust application of NGS tools in the medical research field and clinical diagnosis. Growing usage of NGS techniques by biopharmaceutical and pharmaceutical firms along with prevalence of chronic illnesses like diabetes and cancer is giving a boost to technology demand. These firms are investing in R&D activities to create alternative solutions and make personalized medicines for different diseases. Next generation sequencing methods are used for studying genomes and identifying problems caused in genes due to disease development. Businesses have created NGS library preparation kits automated data analysis tools, and sequencing instruments for the studying of genes. Companies operating in the NGS market are working on new technologies and products. Get sample copy of this research report @ – PowerPoint PPT presentation

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Updated: 16 March 2021
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Title: seobhushan


1
Next Generation Sequencing Market is Projected to
grow at a CAGR 21.2 by 2027
2
Key Insights from Next Generation Sequencing
Market
  • The Next generation sequencing market is
    estimated to procure steady growth driven by
    robust application of NGS tools in the medical
    research field and clinical diagnosis. Growing
    usage of NGS techniques by biopharmaceutical and
    pharmaceutical firms along with prevalence of
    chronic illnesses like diabetes and cancer is
    giving a boost to technology demand. These firms
    are investing in RD activities to create
    alternative solutions and make personalized
    medicines for different diseases.
  • Next generation sequencing methods are used for
    studying genomes and identifying problems caused
    in genes due to disease development. Businesses
    have created NGS library preparation kits
    automated data analysis tools, and sequencing
    instruments for the studying of genes. Companies
    operating in the NGS market are working on new
    technologies and products. For example, in 2019,
    Agilent Technologies announced a next generation
    sequencing library preparation system made to run
    complex DNA sequencing assays easily with a
    button press.
  • In terms of product type, the next generation
    sequence services segment is likely to register a
    CAGR of around 20 over the forecast period.
    These services are extensively available in areas
    such as RNA sequencing, cancer analysis services,
    metagenomics solutions, whole genome sequencing,
    and oligo synthesis.

3
Continued
  • Based on type, the target sequencing section is
    anticipated to register around USD 700 million in
    2020 owing to rising demand for personalized
    medicines. The targeted sequencing type correctly
    measures individuals gene pool which can be used
    for personalized medicines. With the variation of
    genetic makeup from individual to individual, the
    concentration of drugs meant for consumption also
    varies.
  • With respect to technology, sequencing by
    synthesis segment is likely to witness
    approximately 20.6 CAGR in the upcoming years.
    Sequencing by synthesis enables accurate and
    quick DNA analysis, and is a cost-effective
    option. The whole human genome can be sequenced
    in a few hours given to the availability of
    technologically advanced equipment.
  • In terms of end-use, the demand from academic
    institutes and research centers accounted for
    above USD 2.5 billion in 2020. This can be
    credited to growing research efforts on genomic
    aspects with the use of NGS methods. Research
    institutes receive funds from governments to
    promote advancements in drug discovery processes.
    In this way, academic institutes and research
    laboratories are well-equipped with modern NGS
    devices.

4

Latest Research Report On Next Generation
Sequencing Market_at_ https//www.gminsights.com/ind
ustry-analysis/next-generation-sequencing-market
Request for a sample of this research report
_at_ https//www.gminsights.com/request-sample/detail
/3247
5
Major Companies in Next Generation Sequencing
Market
  • 10X Genomics
  • Agilent Technologies, Inc.
  • BGI
  • Bio-Rad Laboratories
  • F Hoffmann-La Roche
  • GenapSys Inc.
  • Illumina, Inc.
  • NanoString Technologies, Inc.
  • Oxford Nanopore Technologies
  • Pacific Biosciences of California, Inc.
  • PerkinElmer Inc.
  • Qiagen
  • Thermo Fisher Scientific

6
Industry Coverage

7
Stay In Touch Website www.gminsights.com Soci
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