Global Next Generation Sequencing (NGS) Market: By Component: NGS Platforms, NGS services; By Technology: Sequencing By Synthesis, Ion Semiconductor Sequencing, Single-Molecule Real-Time Sequencing, Nanopore Sequencing; By Application: Diagnostics, Drug Discovery, Agricultural & Animal Research; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Competitive Landscape & Supplier Analysis; Events and Development

Global Next Generation Sequencing (NGS) Market Key Insights:

Market Outlook

The global next generation sequencing (NGS) market is projected to expand from USD 8 billion in 2019 to USD 24 billion by 2025 at a CAGR of 21% over the forecast period of 2020-2025. Continuous technological innovation in sequencing technology has resulted in the development of reliable, powerful, low footprint, portable, and easy-to-use NGS platforms, which is aiding the growth of the global next generation sequencing (NGS) industry. Significant research and development have allowed systems to produce faster and more exact output and have raised product applications.

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Properties and Applications

Next-generation sequencing is a new method of high-speed and low-cost genome sequencing. It is also known as the sequencing of the second generation or sequencing of large parallels. The global next generation sequencing (NGS) market can be divided based on segments like component, technology, and application.

The industry can be broadly categorised based on its component into:

• NGS Platforms
• NGS Services

The industry can be divided based on its technology as:

• Sequencing by Synthesis 
• Ion Semiconductor Sequencing 
• Single-Molecule Real-Time Sequencing 
• Nanopore Sequencing 
• Other

The industry can be divided on the basis of its application as:

• Diagnostics 
• Drug Discovery 
• Agricultural and Animal Research 
• Others

The EMR report looks into the regional next generation sequencing markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Market Analysis

The advancements in systems for next-generation sequencing is driving the market growth. Technological advancements provide players with an immediate competitive edge, thus, ensuring consistent focus on product development and research. Developing advanced platforms provide players with a competitive edge, which aids the industry growth. Main players, as well as new players, are focusing on the continuous development to provide innovative sequencing technologies at a competitive price for various applications, which is expected to drive the industry over the forecast period.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global next generation sequencing market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Illumina, Inc. (NASDAQ: ILMN )
• F. Hoffmann-La Roche Ltd. 
• Agilent Technologies, Inc. 
• PierianDx
• Genomatix GmbH
• Eurofins GATC Biotech GmbH
• Oxford Nanopore Technologies
• Macrogen, Inc. 
• Thermo Fisher Scientific, Inc. 
• DNASTAR, Inc.
• Biomatters Ltd.
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Questions Answered in the Market Report:

• How has the global next generation sequencing market performed in the previous years (2015-2019)?
• What is the forecast assessment of the market for 2020-2025?
• What are the major drivers for the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints for the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major demand indicators of the global market?
• What is the degree of competition in the global market?
• What are the major events and developments taking place within the industry globally?

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