The global next generation sequencing market expected to reach US$ 25.85 billion by 2028 according to a new study by Polaris Market Research. The report “Next Generation Sequencing (NGS) Market Share, Size, Trends, Industry Analysis Report, By Application (Drug Discovery/Personalized Medicine, Genetic Screening, Diagnostics/Infectious Diseases, Agricultural & Animal Research); By Technology; By Product; By End-Use; By Regions; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global next-generation sequencing market is anticipated to grow owing to advancements in both technology and genetic data analysis through the use of bioinformatics and other computational tools. Market players are focusing on developing automated sequencers equipped with high speed and accuracy. Moreover, significant investments in start-ups causing intense competition, thereby reducing the cost of sequencing. This has also enabled increased adoption in emerging nations.
The global next-generation sequencing market is fragmented based on application, technology, product, end-use, and region. In terms of application, the market is segmented into drug discovery/personalized medicine, genetic screening, diagnostics/infectious diseases, agricultural & animal research, and others.
The technology market segment is further divided into the whole genome, targeted sequencing & re-sequencing, whole exome, RNA sequencing, chip sequencing, de novo sequencing, and methyl sequencing. The product market segment is further divided into instruments, reagents & consumables, and services. The end-use market segment is further divided into healthcare institutions, academics, biotech & pharma firms, and others.
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Polaris Market Research has segmented the next generation sequencing market report on the basis of application, technology, product, end-use and region
Next Generation Sequencing, Application Outlook (Revenue - USD Million, 2016 – 2028)
Next Generation Sequencing, Technology Outlook (Revenue - USD Million, 2016 – 2028)
Next Generation Sequencing, Product Outlook (Revenue - USD Million, 2016 – 2028)
Next Generation Sequencing, End-Use Outlook (Revenue - USD Million, 2016 – 2028)
Next Generation Sequencing, Regional Outlook (Revenue - USD Million, 2016 – 2028)