Pune, India -- (SBWIRE) -- 09/06/2018 -- This report on the Global Next-Generation Sequencing (NGS) Market place offers explanatory expertise available on the market parts like dominating players, manufacturing, sales, intake, import and export, and the simplest improvement in the corporation size, deployment kind, inside, segmentation comprised at some point of this analysis, additionally foremost the players have used various techniques such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others, to boom their footprints on this marketplace in order to sustain in long term, moreover to the existing the clean perspective of Next-Generation Sequencing (NGS) Market .
Global Next-Generation Sequencing (NGS) Market accounted to USD 13.51 billion by 2022 growing at a CAGR of 22.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The Global Next-Generation Sequencing (NGS) Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global Next-Generation Sequencing (NGS) Market for global, Europe, North America, Asia Pacific and South America.
Global Next Generation Sequencing (NGS) Market By Product (Instruments (Hiseq series, Miseq series, ION Torrent, SOLiD, Pacbio Rs II and Sequel system), Consumables (Sample preparation consumables, Other), Services (Sequencing services, Data management services), by Application (Diagnostics, Drug Discovery , Biomarker Discovery , Precision Medicine , Agriculture & Animal Research), by End-user (Hospitals & Clinics, Research Centers and Academic & Government Institutes, and Pharmaceutical & Biotechnology Companies), by Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Major Market Competitors:
- Illumina, Inc.,
- Thermo Fisher Scientific Inc.,
- Pacific Biosciences of California, Inc.,
- Oxford Nanopore Technologies,
- PerkinElmer, Inc.,
- GATC Biotech AG,
- Agilent Technologies,
- Hoffmann-La Roche Ltd,
- Macrogen, Inc.,
- Eurofins Scientific,
- Biomatters Limited,
- Genomatix GmbH,
- PierianDx, Myriad Genetics, Inc.,
- Partek Incorporated,
- DNASTAR, Inc.,
- New England Biolabs
- Among others.
Table of Contents:
- 1. Introduction
- 2. Market Segmentation
- 3. Market Overview
- 4. Executive Summary
- 5. Premium Insights
- 6. Global, By Component
- 7. Product/Service Type
- 8. Delivery
- 9. Industry Type
- 10. Geography
- 10.1. Overview
- 10.2. North America
- 10.3. Europe
- 10.4. Asia-Pacific
- 10.5. South America
- 10.6. Middle East & Africa
- 11. Company Landscape
- 12. Company Profiles
- 13. Related Reports
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Major Market Drivers and Restraints:
- Advanced technology in NGS platforms and increased applications of NGS.
- Increased in adoption of NGS among research laboratories and academic institutes.
- Efficient speed, cost, and accuracy of the technology.
- Drug discovery applications in NGS technology are some of the factors which drives the market.
- R&D investments are another factor to grow the market.
- Lack of skilled technicians.
- Accuracy and uniformity concerns in diagnostics testing limits the growth of market.
- Interpretation of complex data and issues regarding storage of sequencing data hinders the market.
- Legal and ethical issues are the challenge in the growing market.
- Emerging markets are proving the new opportunities in the growth of the market.
- Application of NGS in precision medicines & Biomarker discovery.
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