According to the report available on Alexa Report, next generation sequencing industry was valued at USD 3.5 billion in 2016, demonstrating a significant CAGR over assessment period of 2018 to 2025. Advance regulatory and reimbursement policy for NGS-based diagnostic tests is the factor showing positive impact on industrial growth across the globe.
Next-generation sequencing (NGS) also termed as high-throughput sequencing is an enhanced platform that allows sequencing of thousand to millions of DNA and RNA molecules cheaply and quickly. This technology offers flexibility, speed, high throughput over thousands folds. This emerging technology is growing at rapid pace owing to its acceptance in clinical applications.
Access Free Sample Report @ https://www.alexareports.com/report-sample/9019
Top Leading Players:
The global market is dominated by several leading manufacturers. The key manufacturers in the market are engaged in product approvals, acquisitions, and strategic associations to reinforce their market position. The major key manufacturers of next generation sequencing industry are Siemens, Life Sciences Corporation (Roche Holding), Pacific Biosciences of California Inc., Agilent Technologies, Inc., OXFORD NANOPORE TECHNOLOGIES, Beijing Genomics Institute, OXFORD GENE TECHNOLOGY, GE Healthcare, Newgene Ltd., and Illumina Inc.
A substantial decline in the genetic sequencing cost, and production of novel product and services by major industries are factors estimated to escalate overall industrial growth in the near future. For example, China National Drug Administration approved product launched by Illumina, MiSeq Dx Sequencing System. Furthermore, technological enhancement in next generation sequencing (NGS) platforms such as drug discovery, Ion Genestudio S5, and ISEQ owing to enhanced research will fuel overall market growth.
However, high investment cost is a factor restraining industrial growth. However, the impact of propelling factors is projected to conquer the consequence of restraints. Moreover, rising use of cloud-computing technology in high-throughput sequencing for data management will amplify demand from developing countries.
Growth factors of Industry:
Based on product type, the NGS consumable sector accounted for high market share owing to launch of easy-to-use consumable, increasing number of sequencing procedures, and enhancement in sequencing technology. Product sector comprise bioinformatics, services for NGS platforms, NGS consumables, sequencing services, and pre-sequencing product and services.
End-user wise academic institutes & research centres sector is projected to account high market share in the forecast period owing to the rising collaboration between academic & research institutes and NGS industrial players, production of cost-effective products and services, and availability of favourable funding for genomic research across globe.
On regional basis, North America accounted for high market share owing to expansion of NGS data analysis solutions, rising application of NGS in genomics and diagnostics research, and government initiative by funding research.
Grab Special Discount on this Report @ https://www.alexareports.com/check-discount/9019
Table of Content
Chapter 1. Research Methodology
1.1. Research Process
1.1.1. Data Mining
1.1.2. Analysis
1.1.3. Industry Estimation
1.1.4. Validation
1.1.5. Publishing
1.2. Research Assumption
Chapter 2. Global Next Generation Sequencing Industry Definition & Scope
2.1. Objective of The Study
2.2. Industry Definition
2.3. Scope of The Study
2.4. Years Considered for The Study
2.5. Currency Conversion Rates
2.6. Report Limitation
Chapter 3. Executive Summary
3.1. Key Trends
3.2. Global & Segmental Industry Estimates & Forecasts, 2015-2025
Chapter 4. Global Next Generation Sequencing Industry Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.3. Porter’s 5 Force Model
4.4. PEST Analysis
4.5. Value Chain Analysis
4.6. Analyst Recommendation & Conclusion
Buy Full Report @ https://www.alexareports.com/checkout/9019
Alexa Reports
WEB: https://www.alexareports.com/
E-Mail: [email protected]
Call: +1-408-844-4624