According to SPER Market Research, the Global Next-generation Sequencing (NGS) Market primary drivers of the market expansion are the rising incidence of cancer, improvements in regulatory and reimbursement frameworks for NGS-based diagnostic tests, declining costs of genome sequencing, growing applications of next-generation sequencing in cancer research, and advancements in NGS platforms.
Research and development in developing nations primarily depends on outside funding due to ethical concerns, the interpretation of complex data from NGS platforms, the introduction of alternative technologies, and other factors. The biggest barrier preventing market expansion in emerging nations is tight budgets.
Global Next-generation Sequencing (NGS) Market Overview (2022-2030)
Forecast CAGR (2022-2030): 17.5%.
Forecast Market Size (2030): 43.97 billion.
The use of molecular diagnostics, NGS in personalized medicine, and government support for high-throughput sequencing open up a wide range of opportunities for market participants.
From the Product & Service, Technology, Application, and End-User categories, respectively, the sequencing by synthesis section, NGS consumables segment, diagnostics segment, and academic institutes & research centers segment command the largest proportion of the market.
Impact of COVID-19 on the Next-generation Sequencing (NGS) Market Industry
Research on vaccinations, test kits, and treatments has been supported by pharmaceutical and biopharmaceutical firms as well as start-ups in the NGS industry. the extensive research and development carried out by businesses to create new pharmaceuticals to treat infections. The Next-generation Sequencing (NGS) Market benefits from COVID-19.
Request For Free sample report @ https://www.sperresearch.com/report-store/Next-generation-Sequencing.aspx?sample=1
Global Next-generation Sequencing (NGS) Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
- NGS Consumables.
- Sequencing Services.
- Other Sequencing Services.
- Sequencing by Synthesis.
- Single-Molecule Real-Time Sequencing.
- Nanopore Sequencing.
- And Other Technologies are examples of sequencing techniques.
- Drug Discovery.
- Agricultural & Animal Research.
- and Other Applications.
By End User:
- Hospitals & clinics.
- Pharmaceutical & biotechnology firms.
- Academic research institutions, and other end users.
- North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Next-generation Sequencing (NGS) Market Key Players:
The global Next-generation Sequencing (NGS) Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Molecular Biology Resources, Novo gene Co., Ltd., Nugen Technologies, Oxford Nanopore Technologies, Promega, Psoralen, Pacific Biosciences, PerkinElmer, QIAGEN, Randox, Roche, Takara Bio, Thermon Fisher, Zimo Research Corporation, 10x Genomics, Agilent Technologies, Beckman Coulter, BGI Group, Dickinson and Company, Eurofins, F. Hoffmann-La Roche AG, GENEWIZ
For More Information, refer to below link: –
SPER Market Research
Anthony tone Business Consultant – U.S.A.