Next Generation Sequencing (NGS) Market Summary:
The global size for Next Generation Sequencing (NGS) Market, valued at USD 10.31 billion in 2022, is poised to reach USD 25.09 billion by 2032, with a projected revenue compound annual growth rate (CAGR) of 9.2% during the forecast period. Key drivers behind this growth include the increasing prevalence of cancer and genetic disorders, growing demand for personalized medicine, and the expanding utilization of NGS technology in both research and clinical settings. The capability of NGS technology to generate vast amounts of data and swiftly and accurately identify genetic variations fuels its growing adoption in various research and clinical applications. Additionally, the decreasing cost of sequencing and the development of innovative NGS platforms boasting enhanced speed and precision further propel the uptake of NGS technology. This trend is expected to persist over the forecast period, continuing to drive market revenue growth.
It is segmented into key regions around the world based on growth rate, share, size, trends, current and emerging factors, production and consumption ratios, industrial chain analysis, demand and supply, import and export, revenue contribution, and key player presence across the globe. To gain a better understanding of the regional spread and progress of the Next Generation Sequencing (NGS) Market, the report provides a country-by-country analysis of the market.
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Market Overview:
An increasing number of patients are experiencing the advantages of cell and gene therapies, leading to previously untreatable diseases now having potential cures. The pharmaceutical and healthcare sectors are undergoing rapid transformation. With the emergence of artificial intelligence (AI) and machine learning, there is a growing anticipation for more innovative, swifter, and cost-effective therapeutic advancements. Employing a data-centric approach holds promise for enhancing manufacturing, supply chain management, and the broader healthcare ecosystem. As technology adoption and data exchange escalate, coupled with a greater willingness to utilize prescription and treatment tools, consumer attitudes and behaviors are undergoing a shift. These factors are anticipated to propel the expansion of pharmaceutical and healthcare markets in the coming years.
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Key Players Covered in this Report are:
- Illumina Inc.
- Thermo Fisher Scientific Inc.
- Oxford Nanopore Technologies Ltd.
- Pacific Biosciences of California Inc.
- BGI Genomics Co., Ltd.
- F. Hoffmann-La Roche AG
- Qiagen N.V.
- Eurofins Scientific
- Agilent Technologies Inc.
- Genomatix GmbH
Market Segmentation:
By Product Type Outlook:
- Instruments
- Consumables
- Services
By End-use Outlook:
- Academic and Research Institutes
- Pharmaceutical and Biotechnology Companies
- Hospitals and Clinics
- Others
Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in Next Generation Sequencing (NGS) Market report are as below:
- In this report, market development trends and marketing channels in the Next Generation Sequencing (NGS) industry are analyzed, feasibility of new investment projects is evaluated, and overall conclusions are presented.
- This report provides key industry statistics through tables and figures, serving as an invaluable source of information and advice for companies and individuals involved in this sector.
- Additionally, this report analyzes development policies and plans, manufacturing processes, and cost structures, as well as import/export consumption figures, supply and demand figures, costs, prices, revenues, and gross margins.
- For companies and individuals interested in the Next Generation Sequencing (NGS) industry, the Next Generation Sequencing (NGS) Market report provides information on the current market status of the Next Generation Sequencing (NGS) manufacturers and provides valuable guidance and direction.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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