Next Generation Sequencing (NGS) Market Expected to Reach USD 28.9 Billion by 2031 | Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Bio-Rad Laboratories Inc.

The next generation sequencing Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global next generation sequencing market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Next Generation Sequencing (NGS) Market reached USD 6.9 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 28.9 billion by 2031. The global next generation sequencing (NGS) market is expected to exhibit a CAGR of 20.4% during the forecast period 2024-2031.

Next Generation Sequencing (NGS) is an advanced genomic technology that enables rapid and accurate sequencing of DNA or RNA. It allows simultaneous analysis of multiple genetic sequences, making it a cornerstone for applications like precision medicine, genetic disease diagnosis, and cancer research. NGS has revolutionized genomics by reducing costs and increasing throughput, offering insights into genetic variations and their implications for health and disease.

Key Developments:

❁ On June 8, 2023, PreCheck Health Services Inc., a molecular diagnostics company, launched the PreCheck Comprehensive Cancer Panel, an NGS-based (Next-Generation Sequencing) assay. This service, which is CLIA-licensed and CAP-accredited, will be available to hospitals, pathologists, oncologists, clinics, and healthcare organizations in South Florida and beyond. The panel utilizes advanced high-throughput sequencing techniques, which have revolutionized cancer detection and classification, allowing for more precise and personalized treatment strategies. By providing in-depth genetic insights, this assay aims to improve cancer diagnosis and patient outcomes, enhancing the future of oncology care.

List of the Key Players in the next generation sequencing Market:

Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd, Revvity (PerkinElmer Inc.), Illumina, Inc., PacBio, DNASTAR, BGI Group and Qiagen.

Research Process:

Both primary and secondary data sources have been used in the global next generation sequencing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the next generation sequencing Market:

By Product Type: Reagents and Consumables, Instruments, Others.

By Application: Agriculture and Animal Research, Drug Discovery, Diagnostics, Genetic Screening, Others.

By Technology: Chip Sequencing, De Novo Sequencing, RNA Sequencing, Methyl Sequencing, Others.

By End User: Academics, Biotechnology and Pharmaceutical Firms, Hospitals and Healthcare Institutions, Services, Others.

Regional Breakout:

The global next generation sequencing Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global next generation sequencing Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The next generation sequencing Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains chapter wise data, as well as information about the research scope, major manufacturers covered, market segments, next generation sequencing market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global next generation sequencing Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global next generation sequencing market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the next generation sequencing Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently Asked Questions

✹ What is the expected growth rate of the global market for the forecast period?

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✹ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

✹ What are the challenges and threats that are likely to act as a barrier to the growth of the next generation sequencing market?

✹ What are the major opportunities that the companies can get to attain success in the world?

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