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Next-Generation Sequencing Market by Product, Services, & Application - Global Forecasts to 2022

Next-Generation Sequencing Market: Global Forecasts until 2022

  • April 2017
  • 216 pages
  • ID: 5099515
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The overall next-generation sequencing market is forecasted to register a compound annual growth rate (CAGR) of 20.50 percent between 2017 and 2022 to attain ~$12.4B by 2022. Elements such as technological advancements in NGS platforms, growing applications of NGS, increasing partnerships and collaborations, and rising adoption of NGS among research laboratories and academic institutes are driving the increase of this market. On the other hand, accuracy and standardization concerns in diagnostic testing and the lack of skilled technical personnel are some of the main factors limiting the increase of the market.

On the basis of product and service, the NGS market is classified into pre-sequencing products and services, NGS platforms, consumables, services for platforms, sequencing services, and bioinformatics. In 2017, the consumables segment is planned to account for the biggest market share.

On the basis of technology, the overall NGS market is split into sequencing by synthesis, ion semiconductor sequencing, single-molecule real-time sequencing, and nanopore sequencing. In 2017, the SBS technology is intended to account for the largest market share, mainly due to the development of new and advanced NGS platforms, the growing demand for Illumina's systems (containing the HiSeq series and MiSeq), and the increasing demand for NextSeq and HiSeq X Ten.

Established on applications, the sector is classified into six segments, that is, diagnostics, drug discovery, biomarker discovery, precision medicine, agriculture & animal research, and other application. The diagnostics application segment is forecasted to account for the main share of the overall NGS market due to the rising focus of top market actors on offering & developing NGS-based diagnostic tests and the increasing adoption of NGS-based diagnostic tests associated to oncology and infectious diseases.

On the basis of end user, the sector is divided into research centers and academic & government institutes, hospitals & clinics, pharmaceutical & biotechnology firms, and other end users. Among these end users, the hospitals and clinics segment is expected to record the more significant Compound annual growth rate due to the increasing number of agreements between firms and hospitals for the development of advanced tests and products catering to the specific needs of hospitals and clinics. For example, in November 2016, Illumina, Incorporated entered into an agreement with Mayo Clinic to install its BaseSpace Clarity LIMS in Mayo's specific laboratories.

Geographically, the NGS market is divided into north america, EU, Asia-Pac, and the Rest of the globe. North America (NA) is anticipated to command the biggest share of the market in 2017, succeeded by Europe (EU). The sector in North America continent is primarily influenced by the technological advancements, availability of commercial solutions for NGS data study, and the strong presence of main actors in this zone. Nevertheless, Asia Pacific (APAC) is projected to register the maximum growth rate during the outlook period between 2017 and 2022, due to the improving healthcare infrastructure and favorable government initiatives in this area.

The overall NGS market is highly competitive, with a big number of overall and local actors. In 2016, the overall NGS market was dominated by Illumina, Incorporated, Thermo Fisher Scientific Inc., and Pacific Biosciences of California, Incorporated, and together held the majority share of the NGS platforms market. Recent product launches, products consolidations, strategic agreements, and alliances were the main strategies approved by market actors to accomplish increase in the industry.

Segment Research

This report studies the next-generation sequencing market established on product & service, application, technology, and end user. The industry report also studies factors (including drivers, industry restraints, alternatives, and opportunities) affecting market increase. It examines possibilities and opportunities in the sector for partners and offers details of the competitive landscape for industry top players. Moreover, the study examines micromarkets with respect to their individual progress trends, prospects, and contributions to the overall industry. The analysis forecasts the revenue of the market segments with respect to four main regions.

Why Purchasing This Study Can Help You:

From an insights perspective, this market research has emphasized several levels of analysis-industry trends, market share review of top ten actors, and company descriptions, which together comprise and examine basic views on the competitive landscape, coming out and high-growth segments of the next-generation sequencing market, and high-growth areas and territories and their respective drivers, market restraints, opportunities, and alternatives.

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate organizations collect greater segment market share. Companies obtaining the industry report could use any one or an aggregation of the below-mentioned five strategies for strengthening their market shares.

This study furnishes highlights on the following points:

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

• Product Development/Innovative products: In-depth understanding on the next technologies, analysis and growth activities, and launches of new product 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 products and services across geographies

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

• opposing assessment: Detailed assessment of market shares, strategies, products and services, distribution networks, and manufacturing competences of key players in the next-generation sequencing market

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