Next Generation Sequencing Market Report 2021-2031
Global Next Generation Sequencing Market 2021-2031 – our new study reveals latest industry trends, R&D progress, and predicted revenues
Visiongain understands that the Global Next Generation Sequencing Market will register robust growth. Real time sequencing, portability and compatibility to other devices is expected to drive the NGS platform market by 2031. NGS Market is highly competitive with presence of well-established players with limited scope of regional manufacturers for sequencing platforms. Although, the sequencing services market will exhibit significant growth during the forecast period, with ever decreasing whole genome sequencing costs, thereby providing excellent commercial opportunities for new sequencing service providers worldwide.
Reagents & Consumables market valued XX million is set to grow at a CAGR of XX% from 2021-2031. Consumables & Reagents are crucial for conducting various steps of DNA or RNA sequencing. Many companies have their presence in this segment owing to high demand for kits and reagents. Most of the companies offer kits and reagents which are compatible for specific sequencing platform.
Bioinformatics has emerged as an important branch of NGS industry with many players venturing this segment to provide services such as data analytics, data management and data storage support for big research institutes, academics centers and mid-sized companies.
Application of sequencing for precision medicine and biomarker discovery is expected to drive the demand for sequencing services owing to growing incidence of cancer cases worldwide. Moreover, other applications such as prenatal screening and agriculture and animal genomics is expected to widen and expand the scope of NGS applications market. At the same time, lack of skilled labor force is expected to restrict the market growth.
North America continues to retain its hold on NGS market and accounts to have the largest market with presence of favourable government regulations, easy access to sequencing services along with relatively high insurance coverage across the region. The Asian region is expected to foresee the highest growth with companies such as BGI Genomics aggressively making its presence in global market. Our report keeps you informed and up to date with latest developments across geographies including North America, Europe, Asia, Latin America and Middle East and Africa.
The report also captures information pertaining to latest mergers & acquisitions, technological innovations, geographical expansion plans of all the leading players of this industry. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
The report provides in-depth information of key investment trends in global NGS market, subdivided by type of technology, services, platforms and applications.
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