According to Market Research , the Global Next Generation Sequencing
market is estimated at $3.41 billion in 2015 and is expected to reach $13.50 billion by 2023 growing at a CAGR of +21.73% from 2015 to 2023. The growing adoption of sequencing technologies in clinical applications and low cost DNA sequencing are likely to drive the market growth. However, factors such as accuracy and standardization issues and lack of skilled labor are inhibiting the market growth. The rise in personalize medicine and cloud computing are likely to create more opportunities for this market during the forecast period.
In technology, sequencing by synthesis (SBS) segment is anticipated to move with a highest CAGR during forecast period. Diagnostics in application segment holds the largest share and is expected to grow at highest CAGR during forecast period. Research institutions held the largest market share in end user segment. North America dominates the global next generation sequencing market followed by Europe owing to rising government support towards research and development. Asia pacific is expected to grow at a faster rate during the forecast period due to the unmet market demand and increasing investments for development of healthcare.
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Some of the key players in the market include Roche Holding Ag, Qiagen N.V., Knome, Inc., Perkinelmer, Inc., Partek, Inc., Pacific Biosciences, Oxford Nanopore Technologies, Ltd., Macrogen Inc., Life Technologies Corporation, Illumina, Inc., Genomatix Software GmbH, GATC Biotech Ag., Eurofins Scientific, DNASTAR Inc., Biomatters, Ltd., Beijing Genomics Institute and Agilent Technologies, Inc.
Wheezing gadgets add to high development in the market. The development is attributed because of the minimal effort of these gadgets when contrasted with surgeries, less treacherous nature of these gadgets and forceful promoting of these gadgets. In medical procedure, somnoplasty is anticipated to be the quickest developing subdivision.
Other than this, the specifications, applications, and results of the market, significant contenders, deals location, and assembling base of every one of the organizations have been talked about in the report. Under topographical investigation, the report has investigated key territories of the market, for example, import and fare for the audit time frame 2017– 2025.
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Topographically, North America was the predominant market for the Next Generation Sequencing in 2016 as far as salary because of the development of novel gadgets in the human services showcase. What's more, an expansion in the quantity of geriatric population in North America and Europe fills in as a noteworthy driving component for the development of the market in this area. In addition, Next Generation Sequencing showcase has the enormous open door in developing business sector of Asia Pacific because of the ascent in mindfulness and increment the discretionary cash flow of people.
Players in the Worldwide Next Generation Sequencing Market are reliably trying modernization. Innovation is being searched for after both in the building methodology and as far as item features. The market is dynamic in nature and this is energizing trying requirements and moreover the advancement of predominant equipment, advancing the improvement prospects of the market.
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Table of Contents
Global Next Generation Sequencing Market Research Report 2018
Chapter 1 Global Next Generation Sequencing Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Next Generation Sequencing Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis