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Next-Generation Sequencing Market by Product, Consumables, Bioinformatics, Services, Technology, Application, End User - Global Forecasts to 2024

Next-Generation Sequencing Market: Global Forecasts until 2024

  • August 2018
  • 229 pages
  • ID: 5099515
In this report:
The other applications segment is estimated to account for a share of ##.##% of the NGS market in 2018 and is expected to register a CAGR of ##.##% during the forecast period.
NGS consumables market accounted for ##.##% of the NGS market in 2017 and is expected to register high CAGR of ##.##% during the forecast period.

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Global Next-generation Sequencing Market to Register a Compound annual growth rate of 19.20 percent from 2018 to 2024

The overall next-generation sequencing market is estimated to grow ~$16.4B by 2024 from ~$5.7B in 2018, at a compound annual growth rate (CAGR) of 19.20 percent. Elements such as advancements in NGS platforms, declining NGS capital cost along decreasing cost of sequencing, improving regulatory & reimbursement scenario for NGS-based diagnostic tests, initiatives from government & private bodies for large-scale sequencing projects, and growing application of NGS in precision medicine & molecular diagnostics are anticipated to propel the increase of this market. Nevertheless, end-user budget constraints in developing nations are anticipated to restrain the rise of the next-generation sequencing market in the outlook period.

Sequencing by Synthesis Segment to Dominate the NGS Market, by Technology, in 2018

The next-generation sequencing market, by technology, is divided into sequencing by synthesis, ion semiconductor sequencing, single-molecule real-time sequencing, nanopore sequencing, and other sequencing technologies.The sequencing by synthesis segment is anticipated to command the biggest share of the next-generation sequencing market in 2018.

The big share of this segment can be connected to the continuous advancements in SBS technology-based consumables and NGS bioinformatics solutions as well as the launch of advanced cost- & time-efficient platforms established on SBS technology.

Hospitals & Clinics Segment to Register the Highest Compound annual growth rate During 2018-2024

On the basis of end user, the next-generation sequencing market is broken down into academic institutes & research centers, hospitals & clinics, pharmaceutical & biotechnology firms, and other end users.The hospitals & clinics segment is expected to witness the more significant rise rate during the estimate period.

The important increase in this industry segment can be accredited to the development of advanced NGS-based diagnostic solutions and increasing number of agreements between firms and hospitals for developing advanced tests and products catering to the specific needs of hospitals and clinics.

The NGS Market in the APAC is Projected to Witness the maximum growth rate During the outlook period

The next-generation sequencing market in the Asia Pacific is anticipated to witness the top compound annual growth rate from 2018 to 2024. Elements such as rising financial support from public as well as private agencies for NGS based research and diagnostics, growing number of NGS-based research projects, rising awareness about precision medicine, and high incidence of chronic diseases in the territory are driving the rise of the next-generation sequencing market in the Asia-Pacific regions.

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

• By Company category: Tier 1 - 40.0 percent, Tier 2 - 25.0 percent, and Tier 3 - 36.0 percent

• By Description: C-suite - 43.0 percent, Director-level - 22.0 percent, and Others - 35.0 percent

• By Area: North America continent - 37.0 percent, Europe (EU) - 12.0 percent, Asia-Pac - 41.0 percent, and rest of the world - 10.0 percent

The top players in the next-generation sequencing market are Illumina, Incorporated, Thermo Fisher Scientific (NYSE:TMO), Pacific Biosciences of California, Incorporated, BGI, PerkinElmer, Agilent Technologies (NYSE:A), QIAGEN N. V., Macrogen Inc., Oxford Nanopore Technologies, Limited, and Eurofins Scientific.

Segment Research

This report studies the next-generation sequencing market established on product & service, technology, application, final user, and area.The analysis also analyzes factors (including drivers, market restraints, possibilities, and opportunities) affecting market increase.

It evaluates alternatives 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 the market segments with respect to four main regions.

Why Purchasing This Study Can Help You:

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on strategic management approved by the main players in the next-generation sequencing market. The analysis examines the next-generation sequencing market established on product & service, technology, application, end-user, and area

• Service Launches: Business insights on the industry research and growth activities and product & service launches in the next-generation sequencing market

• Market Development: Highlighted information about profitable emerging sectors. The market research examines the industries for different next-generation sequencing types across localities

• industry diversification: Complete information about recent evolutions, and market investments in the next-generation sequencing market

• opposing assessment: In-depth assessment of market ranking, strategies, and products of leading actors in the next-generation sequencing market

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