Global Next Generation Sequencing Market Analysis & Trends - Industry Forecast to 2025
The Global Next Generation Sequencing Market is poised to grow at a CAGR of around 19.5% over the next decade to reach approximately $22.3 billion by 2025. Some of the prominent trends that the market is witnessing include increasing adoption of NGS technologies, high growth in emerging economies and recent technological developments in next generation sequencing.
Based on technology the market is categorized into single molecule real time sequencing, sequencing by synthesis, sequencing by ligation, pyrosequencing, ion semiconductor sequencing and other technologies. By End User the market is segmented by pharma & biotech entities, clinical research, hospitals & clinics, research centers and academic & government institutes and other end users.
By application the market is segmented by reproductive health, oncology, HLA typing/immune system monitoring, agrigenomics & forensics, metagenomics, epidemiology & drug development, consumer genomics and clinical investigation. In addition, reproductive health is sub-segmented into newborn/genetic screening, preimplantation genetic testing (PGT) and noninvasive prenatal testing (NIPT). Clinical investigation is further divided into non-communicable / other diseases, infectious diseases, inherited diseases and idiopathic diseases.
In terms of product & service the market is segregated into platforms, consumables and services. Further, Platforms is divided into MiSeq, HiSeq, Pacbio Rs II and Sequel System, Ion Torrent, SOLiD and Other Sequencing Platforms. Consumables include sample preparation consumables and other consumables. Services are sub segmented into data management services and sequencing services.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2014, 2015 revenue estimations are presented for 2016 and forecasts from 2017 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
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