Geographically, Next-Generation Sequencing Market segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America estimated to command largest share of NGS market in 2017, followed by Europe and Asia-Pacific. Emerging markets, like China, India, and Brazil are expected to offer significant growth opportunities owing to improving healthcare infrastructure, government funding for translational research, & rising partnerships & agreements among market players.
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The global next-generation sequencing market is estimated to register a CAGR of 20.5% from 2017 to 2022 to reach USD 12.45 billion by 2022. Factors such as technological advancements in NGS platforms, increasing applications of NGS, growing partnerships and collaborations, and increasing adoption of NGS among research laboratories and academic institutes are driving the growth of this market.
Global Next-generation Sequencing Market (NGS) Market, by Technology
- Sequencing by Synthesis (SBS)
- Ion Semiconductor Sequencing
- Single-Molecule Real-time (SMRT) Sequencing
- Nanopore Sequencing
Global Next-generation Sequencing Market (NGS) Market, by Application
- Drug Discovery
- Biomarker Discovery
- Precision Medicine
- Agriculture and Animal Research
The global next-generation sequencing market is highly competitive, with a large number of global and local players.
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In 2016, the global NGS market was dominated by Illumina, Inc. (U.S.), Thermo Fisher Scientific Inc.
(U.S.), and Pacific Biosciences of California, Inc. (U.S.),and together held the majority share of the NGS platforms market.
New product launches, product enhancements, agreements, and partnerships were the major strategies adopted by market players to achieve growth in the market.
Report at www.rnrmarketresearch.com/contacts/507635 .
Report studies the next-generation sequencing (NGS) market based on product & service, application, technology, and end user. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth.
It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders.
Next-Generation Sequencing Market Stakeholders
- NGS Equipment Manufacturers, Vendors, and Distributors
- NGS Sequencing Services Companies
- NGS Bioinformatics/Data Analysis Companies
- Research Institutes and Government Organizations
- Venture Capitalists and Other Government Funding Organizations
- Research and Consulting Firms
- Healthcare Institutions (Hospitals and Medical Schools)
- Pharmaceutical and Biotechnology Companies
- Contract Manufacturing Organizations (CMOs)
- Contract Research Organizations (CROs)
Geographically, next-generation sequencing market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is estimated to command the largest share of the NGS market in 2017, followed by Europe and Asia-Pacific.
Emerging markets, like China, India, and Brazil are expected to offer significant growth opportunities owing to the improving healthcare infrastructure, government funding for translational research, and rising partnerships & agreements among market players.
Next-Generation Sequencing research report has focused on various levels of analysis—industry trends, market share analysis of top ten players, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the next-generation sequencing market, and high-growth regions and countries and their respective drivers, restraints, challenges, and opportunities.
1 Next-Generation Sequencing (NGS): Market Overview
2 NGS Market, By Product & Service (2017 vs 2022)
3 NGS Market Size, By Application, 2017 vs 2022
4 NGS Market, By End User (2017 vs 2022)
5 Geographic Analysis: NGS Market Size, By Product & Service (2017 vs 2022), USD Million
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