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Next-Generation Sequencing Services Market by Type, Technology, & Application - Forecasts to 2022

Next-Generation Sequencing Services Market: Forecasts until 2022

  • August 2017
  • 159 pages
  • ID: 5086557
In this report:
Among these, the academic & government institutes and research centers segment is expected to account for the largest share of ##.##% for the next-generation sequencing services market in 2016.
In 2016, North America is expected to command the largest share of ##.##% of the global NGS services market, followed by Europe (##.##%).
North America is expected to account for the largest share of ##.##% of the global NGS services market in 2017, followed by Europe with a market share of ##.##%.

Summary

Table of Contents

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"Global next-generation sequencing services market forecasted to grow at a compound annual growth rate (CAGR) of 21.00 percent"

The overall next-generation sequencing services market is forecasted to reach $2748.60M by 2022 from $1059.20M in 2017; increasing at a compound annual growth rate (CAGR) of 21.0% during the forecast horizon. Elements such as declining price of sequencing, the high cost of sequencing infrastructure, the need for skilled professionals for efficient NGS sample preparation and review, and technological improvements in the field of sequencing are driving the increase of this market. Nevertheless, installation of in-house sequencing facilities in hospitals and universities is anticipated to limit the optimal market rise for NGS services during the estimate period

"Targeted resequencing & custom gene panels are anticipated to grow at the highest CAGR (Compound annual growth rate) during 2017 to 2022"

By category, the overall NGS services market includes targeted resequencing & custom gene panels, RNA-Seq, de novo sequencing, exome sequencing, CHiP-Seq, whole-genome sequencing, methyl-seq, and other services. The targeted resequencing & custom gene panels segment is anticipated to grow at the highest compound annual growth rate (CAGR) during 2017 to 2022. Targeted sequencing/gene panels allow researchers to focus on the subset of genes or area, which reduces the time consumed for sequencing, the cost of sequencing, and simplifies data study.

"Sequencing by synthesis technology to lead the overall NGS services market during the outlook period"

By technology, the NGS services market is broken down into sequencing by synthesis, ion semiconductor sequencing, single-molecule real-time sequencing, and nanopore sequencing. The SBS segment is expected to account for the most important share of the NGS services market in 2017. The introduction of technologically advanced SBS platforms and decreasing cost of sequencing are the main factors driving the increase of the SBS segment.

"Asia-Pacific is forecasted to witness the highest increase during the estimate period "

While North America (NA) recorded for the biggest share of the market in 2016, Asia Pacific (APAC) is projected to register the maximum growth rate during the outlook period between 2017 and 2022. This is owing to growing incidence of target diseases, growing awareness concerning the benefits of NGS-based clinical applications, and increasing research activity in the territory.

Breakdown of supply-side primary interviews: by company category, description, and area:

• By Company category - Tier 1 -31.0 percent, Tier 2 -48.0 percent and Tier 3 -21.0 percent

• By Description - C-suite - 26.0 percent, D-level - 24.0 percent, Others - 50.0 percent

• By Area - North America continent - 29.0 percent, Europe (EU) - 35.0 percent, Asia-Pac - 21.0 percent, RoW - 15.0 percent

As of 2016, top actors operating in the overall NGS services market are BGI, Eurofins Scientific SE, PerkinElmer (NYSE:PKI), QIAGEN, Macrogen Inc., GENEWIZ, Incorporated, Illumina, Incorporated, Novogene Corporation, and GATC Biotech AG among others.

Segment Research

This report studies the NGS services market-based on type, technology, application, and end user. The analysis also analyzes factors (including drivers, industry restraints, alternatives, and opportunities) affecting market increase. It evaluates possibilities and opportunities in the sector for partners and offers details of the competitive landscape for industry top players. The market research also studies micromarkets with respect to their increase trends, prospects, and contributions to the overall industry. The industry report forecasts the revenue of market segments with respect to four main regions.

Why Purchasing This Study Can Help You:

This research highlights on several levels of review of 25 market actors, and company profiles of top 15 market players-which together comprise and discuss basic views on the competitive landscape, coming out and high-growth segments of the NGS services market, and high-growth areas and territories and their respective drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on strategic management approved by the main players in the NGS services market. The analysis examines the NGS services market-based on types, technology, application, end-user, and area.

• Product Development/Innovative products: In-depth understanding on the next technologies, analysis and growth activities, and product & service launches in the NGS services.

• Market Development: Highlighted information about profitable emerging sectors. The market research examines the industries for different NGS services across geographies.

• industry diversification: Complete information about new NGS services, untapped areas, recent evolutions, and market investments in the NGS services market.

• opposing assessment: In-depth assessment of market ranking, strategies, products and services, and sequencing capabilities of leading actors in the NGS services market.

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