DUBLIN, May 18, 2022--(BUSINESS WIRE)--The "Next-Generation Sequencing (NGS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global next-generation sequencing (NGS) market reached a value of US$ 13.82 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 40.25 Billion by 2027, exhibiting a CAGR of 19.5% during 2022-2027.
F. Hoffmann-La Roche AG
Oxford Nanopore Technologies
Thermo Fisher Scientific
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Next-generation sequencing, or high-throughput sequencing, refers to the process of determining the sequence of nucleotides in a section of the DNA. It includes procedures such as sequencing by synthesis (SBS), ion semiconductor sequencing, nanopore sequencing and single-molecule real-time (SMRT) sequencing. It is a cost-effective solution that offers precise results with high accuracy and speed. This enables the analysis of millions of DNA molecules simultaneously, which facilitates research in the fields of personalized and genetic medicines, agriculture and animal research, and clinical diagnostics.
The increasing prevalence of chronic medical ailments, such as cancer, along with various technological advancements in the field of medical sciences, is one of the key factors driving the growth of the market. Owing to the widespread adoption of liquid biopsies in cancer diagnostics, there has been a significant increase in the utilization of NGS technologies. These technologies utilize cell-free circulating tumor DNA (ctDNA) as a non-invasive cancer biomarker for real-time cancer monitoring and detection.
Furthermore, the increasing adoption of genome mapping programs to predict the development of various diseases is also providing a boost to the market growth. Genetic maps are used for guiding scientists to analyze the genes that are responsible for increasing the prevalence of diabetes, heart diseases, asthma, cancer and psychiatric conditions.
Additionally, various technological advancements and integration with the cloud-computing systems for improved data management, are creating a positive impact on the market growth. Other factors, including the declining costs of NGS systems and extensive research and development (R&D) activities in the field of sequencing chemistry, molecular biology and technical engineering, are projected to drive the global next-generation sequencing market further.
Key Questions Answered in this Report1. What is the expected growth rate of the global next-generation sequencing (NGS) market?
2. What has been the impact of COVID-19 on the global next-generation sequencing (NGS) market?
3. What are the key factors driving the global next-generation sequencing (NGS) market?
4. What is the breakup of the global next-generation sequencing (NGS) market based on the sequencing type?
5. What is the breakup of the global next-generation sequencing (NGS) market based on the product type?
6. What is the breakup of the global next-generation sequencing (NGS) market based on the technology?
7. What is the breakup of the global next-generation sequencing (NGS) market based on the end-user?
8. What is the breakup of the global next-generation sequencing (NGS) market based on the application?
9. What are the key regions in the global next-generation sequencing (NGS) market?
10. Who are the key players/companies in the global next-generation sequencing (NGS) market?
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Next-Generation Sequencing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Sequencing Type
7 Market Breakup by Product Type
8 Market Breakup by Technology
9 Market Breakup by Application
10 Market Breakup by End-User
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Indicators
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/4jj5il
View source version on businesswire.com: https://www.businesswire.com/news/home/20220518005641/en/
Laura Wood, Senior Press Manager
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