Fast Market Research recommends "Next Generation Sequencing (NGS) Market By Technology, Competitors, Applications & Tools - Global Trends & Forecasts (2011 - 2016)" from Markets and Markets, now available

Williamstown, MA -- (SBWire) -- 04/25/2012 --Next Generation Sequencing (NGS) Market by Technology (Pyrosequencing & Others), Competitors (Illumina, 454 Roche, Life Science Technologies), Applications and Tools - Global Trends and Forecasts (2011-2016)

Next generation sequencing is the next generation of DNA sequencing which includes several technologies to determine the order of nucleotide bases in a molecule of DNA. It is the fastest growing and the most lucrative segment in the genomics space. With estimated double digit growth, next generation sequencing will revolutionize the medical research in academic laboratories, biopharma, and the applied markets.

The NGS market is dynamic and innovative; it is also paving its ways into the labs which were previously not involved in sequencing. High pace of NGS research is likely to boost the market for personal genome sequencing in the coming years.

View Full Report Details and Table of Contents

The next generation sequencing which was primarily used by large research firms like academics, government research centers is now turning out to be a potential transformative diagnostic tool especially for the oncology studies. This shift from the academics to the clinical and diagnostics lab is mainly due to speedy improvements in the costs and technological capabilities.

The major drivers for the growth of NGS market is advancement of technologies and decrease of price of the tests being conducted with increased promotion made by the research institutions for use of DNA sequencers or NGS technology. Similarly, this technology has overridden the microarray technology and currently many institutes prefer the NGS platforms over microarrays. Similarly, greater interest has been observed in the field of cancer and personalized medicines. As the prices are expected to decrease further in the coming years, NGS testing may be considered for reimbursement under the health insurance policies. Lack of reimbursements, pricing cuts lack of skilled labor is hampering the growth of the NGS market globally. Similarly storage of the data is a major concern for the sequencing industry at present.

North America commanded the largest share of 51.8% of the overall NGS market and was valued at $436 million in 2011. Europe accounted for a share of 31.1% and is expected to grow at a CAGR of 21.1% from 2011 to 2016.

Key players in this market include Illumina (U.S.), Life Technologies (U.S.), 454 Roche (Switzerland), Oxford Nanopore Technologies (U.K.), and Pacific Biosciences (U.S.).

Scope of the Report

The report evaluates the NGS market globally with respect to revenue, growth, and industry focus in the following markets:

Global NGS market, by technology

Pyrosequencing
Sequencing by synthesis
Sequencing by hybridization
Single molecule real time sequencing

Global NGS market, by tools/platforms

Illumina
HISeQ 2000
HISeQ 1000
GA Iix
MiSeq

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Biotechnology research reports at Fast Market Research

You may also be interested in these related reports:

- DNA Sequencing In Drug Discovery: Market outlook for applications, tools and services, and 40 company profiles
- Global Hydrogen Generation Market by Merchant & Captive Type, Distributed & Centralized Generation, Application & Technology - Trends & Forecasts (2011 - 2016)
- Global Adhesives & Sealants Market by Type, Applications, Trends, & Forecasts (2011 - 2016)
- Water Treatment Chemicals Market By Types, Applications, Trends & Global Forecasts (2011 - 2016)
- Global Fuel Cell Market by Technology, Application, Type, Geography, Fuel, Installation, Trends and Forecasts (2011 - 2016)
- Global Micro Combined Heat & Power (CHP) (Microgeneration) Market by Technology, Geography, Application and Regulation - Market Trends & Forecasts (2011-2016)
- Top & Emerging Bio-Fuel Markets by Technology, Feedstocks, Regulations, Pricing & Commercialization Trends & Forecasts (2011 - 2016)
- Solar Power Market by PV, CSP Technologies by Installations, Price, Cost, Trade Trends & Global Forecasts (2011 - 2016)
- Three-dimensional (3D) Technology Market (2011 - 2016) By Products, Applications & Technology - Features Introduction To 4D Technology
- Life Science & Chemical Instrumentation Market (2011-2016) Global Trends, End User & Competitive Analysis