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The global next generation sequencing (NGS) market has North America as a significant market owing to its largest market share. The market is driven by the technological advancements in NGS, boost in partnerships and collaborations, and rise in the application of next generation sequencing. Huge demand from the end-user industries, such as academic and clinical research centres, hospitals and clinics, and pharmaceutical and biotechnology companies, among others, are providing impetus to the market growth of the next generation sequencing (NGS). Several applications of NGS such as oncology studies, biomarker studies, agricultural and animal research, and personalised medicine, among others, are witnessing a boost in their demand, thus, propelling the next generation sequencing (NGS) market growth.
Illumina, Inc. (NASDAQ: ILMN) and F. Hoffmann-La Roche Ltd. (SWX: ROG) are the major key players in the next generation sequencing (NGS) market. In October 2020, Illumina, Inc., along with QIAGEN N.V. (NYSE: QGEN), announced a 15-year long partnership with the purpose of increasing the availability and the use of NGS based IVD kits such as companion diagnostics for patient management.
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Illumina, Inc., F. Hoffmann-La Roche Ltd., Agilent Technologies, Inc., Oxford Nanopore Technologies Limited, Macrogen, Inc., Thermo Fisher Scientific Inc., Eurofins Genomics, PierianDx, and QIAGEN N.V., among others, are the key players in the global next generation sequencing (NGS) market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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