Introduction of the Next-Generation Sequencing (NGS) Market Report

Next-generation sequencing (NGS) diagnostic technology has the potential advantage of determining the genetic sequence of a virus and helping scientists to understand the mutation of the virus. Massive parallel sequencing is any of several high-throughput approaches to DNA sequencing using the concept of massively parallel processing and is called next-generation sequencing or second-generation sequencing.

To have an edge over the competition by knowing the market dynamics and current trends of “Next-Generation Sequencing (NGS) Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

Increasing R&D activities for developing therapies used in treatment of genetic diseases is expected to raise the demand for next generation sequencing techniques over the forecast period. Governmental bodies of developed countries have strategically launched several favourable policies for encouraging scientists and researchers to find solutions for treating rare and chronic diseases. The NGS market analysis also represented that the U.S. government has funded several projects that focus primarily on detecting mutations in the genes of individuals. In such projects, researchers exhaustively utilize third generation sequencing technologies to develop novel therapies effective in treating genetic disorders. As a result, the rising R&D activities will fuel demand for NGS technologies, thereby, fostering the growth of the next generation sequencing market size.

The NGS market report states that the companies, such as ThermoFisher and Illumina, have also geared up to fight the COVID-19 with the help of sequencing. Illumina provides technological support to conduct track transmission and surveillance. The company also promises to develop vaccines and therapies to ensure long-term global security and safety.

Restraint in the Next-Generation Sequencing (NGS) Market

As per the next generation sequencing market report, the increasing concerns related to the levels of toxicity in pesticides and other health issues may hamper the growth of the global Next-Generation Sequencing (NGS) market share.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Technology – Segment Analysis

Based on the technology, mechanical control services is expected to grow at a faster CAGR in the global next-generation sequencing (NGS) market during the forecast period owing to the harmful side effects related to the chemical next-generation sequencing (NGS) and less availability of resources for organic next-generation sequencing (NGS) across the globe.

End-Use – Segment Analysis

Based on the end-use, residential end-user is expected to grow at a higher CAGR in the global next-generation sequencing (NGS) market due to the rise in consumer awareness and urban lifestyle, along with the increased presence of pests in this area.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on the region, North America is expected to dominate the global next-generation sequencing (NGS) market over the forecast period. Favourable demographic trends such as the rising prevalence of chronic diseases and increasing number of millennials have positively influenced the demand for next generation sequencing. Moreover, positive regulatory scenario for next generation sequencing technologies will promote development in NGS instruments that will further fuel the regional growth. In addition, the development and launch of novel products by key companies in North America will boost the market growth. For instance, in August 2020, Quest Diagnostics officially launched Automated NGS Engine, a consumer genetics offering by Ancestry. The platform provides genetic screening of risks for blood disorders, colon cancer, breast cancer, and heart diseases. Thus, this factor is propelling the growth of the next generation sequencing market growth over the coming years.

Top Market Players

Various notable players operating in the market include Illumina, Inc., Thermo Fisher Scientific, Inc., BGI Group, PerkinElmer Inc., Agilent Technologies, Inc., QIAGEN, F. Hoffmann-La Roche Ltd, Genewiz, Biodesix, Inc., and Agendia, among others. 

Key Developments:

• • In 2019, Biodesix, Inc. and Thermo Fisher Scientific entered into a strategic agreement for providing next-generation sequencing assay. This agreement helped in expanding the product-portfolio of the company.

Segments covered in the Report:

The global next-generation sequencing (NGS) market has been segmented on the basis of technology, application, workflow, end-use, and regions. Based on technology, the market is segmented into targeted sequencing and resequencing. Based on application, the market is segmented into oncology, clinical investigation, reproductive health, HLA typing/ immune system monitoring and metagenomics, epidemiology and drug development. Based on workflow, the market is segmented into pre-sequencing, sequencing, and NGS data analysis. Based on end-use the market is segmented into academic research, clinical research, hospitals and clinics, pharma and biotech entities, and other users. 

For detailed scope of the “Next-Generation Sequencing (NGS) Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global next-generation sequencing (NGS) market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the next-generation sequencing (NGS) market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global next-generation sequencing (NGS) market?
  • Which technology generated maximum revenues in 2019 and identify the most promising technology during the forecast period?
  • What are the various application areas of the global next-generation sequencing (NGS) market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Technology, By Application, By Workflow, By End-Use, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Illumina, Inc., Thermo Fisher Scientific, Inc., BGI Group, PerkinElmer Inc., Agilent Technologies, Inc., QIAGEN, F. Hoffmann-La Roche Ltd, Genewiz, Biodesix, Inc., Agendia., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Next-Generation Sequencing (NGS) Market by Technology

• • Targeted Sequencing
  • Resequencing

Global Next-Generation Sequencing (NGS) Market by Application

• • Oncology
  • Clinical Investigation
  • Reproductive Health
  • HLA Typing/ Immune System Monitoring
  • Metagenomics
  • Epidemiology
  • Drug Development

Global Next-Generation Sequencing (NGS) Market by Workflow

• • Pre-Sequencing
  • Sequencing
  • NGS Data Analysis

Global Next-Generation Sequencing (NGS) Market by End-Use

• • Academic Research
  • Clinical Research
  • Hospitals and Clinics
  • Pharma and Biotech Entities
  • Other Users

Global Next-Generation Sequencing (NGS) Market by Region

• • North America Next-Generation Sequencing (NGS) Market (Option 1: As a part of the free 25% customization)
    • North America Next-Generation Sequencing (NGS) Market by Technology
    • North America Next-Generation Sequencing (NGS) Market by Application
    • North America Next-Generation Sequencing (NGS) Market by Workflow
    • North America Next-Generation Sequencing (NGS) Market by End-Use
    • US Next-Generation Sequencing (NGS) Market All-Up
    • Canada Next-Generation Sequencing (NGS) Market All-Up
  • Europe Next-Generation Sequencing (NGS) Market (Option 2: As a part of the free 25% customization)
    • Europe Next-Generation Sequencing (NGS) Market by Technology
    • Europe Next-Generation Sequencing (NGS) Market by Application
    • Europe Next-Generation Sequencing (NGS) Market by Workflow
    • Europe Next-Generation Sequencing (NGS) Market by End-Use
    • UK Next-Generation Sequencing (NGS) Market All-Up
    • Germany Next-Generation Sequencing (NGS) Market All-Up
    • France Next-Generation Sequencing (NGS) Market All-Up
    • Spain Next-Generation Sequencing (NGS) Market All-Up
    • Rest of Europe Next-Generation Sequencing (NGS) Market All-Up
  • Asia-Pacific Next-Generation Sequencing (NGS) Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Next-Generation Sequencing (NGS) Market by Technology
    • Asia-Pacific Next-Generation Sequencing (NGS) Market by Application
    • Asia-Pacific Next-Generation Sequencing (NGS) Market by Workflow
    • Asia-Pacific Next-Generation Sequencing (NGS) Market by End-Use
    • China Next-Generation Sequencing (NGS) Market All-Up
    • India Next-Generation Sequencing (NGS) Market All-Up
    • Japan Next-Generation Sequencing (NGS) Market All-Up
    • Rest of APAC Next-Generation Sequencing (NGS) Market All-Up
  • RoW Next-Generation Sequencing (NGS) Market (Option 4: As a part of the free 25% customization)
    • RoW Next-Generation Sequencing (NGS) Market by Technology
    • RoW Next-Generation Sequencing (NGS) Market by Application
    • RoW Next-Generation Sequencing (NGS) Market by Workflow
    • RoW Next-Generation Sequencing (NGS) Market by End-Use
    • Brazil Next-Generation Sequencing (NGS) Market All-Up
    • South Africa Next-Generation Sequencing (NGS) Market All-Up
    • Saudi Arabia Next-Generation Sequencing (NGS) Market All-Up
    • UAE Next-Generation Sequencing (NGS) Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Next-Generation Sequencing (NGS) Market All-Up

Major Players Operating in the Next-Generation Sequencing (NGS) (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Illumina, Inc.
  • Thermo Fisher Scientific, Inc.
  • BGI Group
  • PerkinElmer Inc.
  • Agilent Technologies, Inc
  • QIAGEN
  • Hoffmann-La Roche Ltd.
  • Genewiz
  • Biodesix, Inc.
  • Agendia