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Next Generation Sequencing Trends and Forecast
The future of the global next generation sequencing market looks promising with opportunities in the academic institute & research center, hospital & clinic, and pharmaceutical & biotechnology company markets. The global next generation sequencing market is expected to reach an estimated $42.3 billion by 2030 with a CAGR of 16.3% from 2024 to 2030. The major drivers for this market are increasing government regulations and reimbursement for NGS-based diagnostic tests, on-going advancements in NGS platforms, and reduction in the costs of NGS tests.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Next Generation Sequencing by Segment
The study includes a forecast for the global next generation sequencing by product & service, technology, application, end use industry, and region.
Next Generation Sequencing Market by Product & Service [Shipment Analysis by Value from 2018 to 2030]:
• Presequencing Products & Services
• NGS consumables
• NGS Platforms
• Services for NGS Platforms
• Sequencing Services
• Bioinformatics
Next Generation Sequencing Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Sequencing by Synthesis
• Ion Semiconductor Sequencing
• Single-molecule Real-time Sequencing
• Nanopore Sequencing
• Other Sequencing Technologies
Next Generation Sequencing Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Diagnostics
• Drug Discovery
• Agriculture & Animal Research
• Others
Next Generation Sequencing Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Academic Institutes & Research Centers
• Hospitals & Clinics
• Pharmaceutical & Biotechnology Companies
• Others
Next Generation Sequencing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Next Generation Sequencing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies next generation sequencing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the next generation sequencing companies profiled in this report include-
• Illumina
• Thermo Fisher Scientific
• BGI Group
• PerkinElmer
• Macrogen
• Hamilton Company
• Lucigen
• Oxford Nanopore Technologies
• Agilent Technologies
• QIAGEN
Next Generation Sequencing Market Insights
Lucintel forecasts that diagnostics will remain the largest segment over the forecast period due to growing number of cancer cases across the world.
Within this market, academic institutes & research centers will remain the largest segment over the forecast period becasue of the development of cost-effective NGS products and services for researchers and increasing collaborations between academic institutes & research centers and NGS players.
North America will remain the largest region over the forecast period due to rising investments in the research funding, and development of NGS data analysis solutions.
Features of the Global Next Generation Sequencing Market
Market Size Estimates: Next generation sequencing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Next generation sequencing marketgeneration sequencing marketsize by product & service, technology, application, end use industry, and region in terms of value ($B).
Regional Analysis: Next generation sequencing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product & services, technologies, applications, end use industries, and regions for the next generation sequencing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the next generation sequencing market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the next generation sequencing market size?
Answer: The global next generation sequencing market is expected to reach an estimated $42.3 billion by 2030.
Q.2 What is the growth forecast for next generation sequencing market?
Answer: The global next generation sequencing market is expected to grow with a CAGR of 16.3% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the next generation sequencing market?
Answer: The major drivers for this market are increasing government regulations and reimbursement for NGS-based diagnostic tests, on-going advancements in NGS platforms, and reduction in the costs of NGS tests.
Q4. What are the major segments for next generation sequencing market?
Answer: The future of the next generation sequencing market looks promising with opportunities in the academic institute & research center, hospital & clinic, and pharmaceutical & biotechnology company markets.
Q5. Who are the key next generation sequencing market companies?
Answer: Some of the key next generation sequencing companies are as follows:
• Illumina
• Thermo Fisher Scientific
• BGI Group
• PerkinElmer
• Macrogen
• Hamilton Company
• Lucigen
• Oxford Nanopore Technologies
• Agilent Technologies
• QIAGEN
Q6. Which next generation sequencing market segment will be the largest in future?
Answer: Lucintel forecasts that diagnostics will remain the largest segment over the forecast period due to growing number of cancer cases across the world.
Q7. In next generation sequencing market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rising investments in the research funding, and development of NGS data analysis solutions.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the next generation sequencing market by product & service (presequencing products & services, NGS consumables, NGS platforms, services for NGS platforms, sequencing services, and bioinformatics), technology (sequencing by synthesis, ion semiconductor sequencing, single-molecule real-time sequencing, nanopore sequencing, and other sequencing technologies), application (diagnostics, drug discovery, agriculture & animal research, and others), end user (academic institutes & research centers, hospitals & clinics, pharmaceutical & biotechnology companies, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Next Generation Sequencing Market, Next Generation Sequencing Market Size, Next Generation Sequencing Market Growth, Next Generation Sequencing Market Analysis, Next Generation Sequencing Market Report, Next Generation Sequencing Market Share, Next Generation Sequencing Market Trends, Next Generation Sequencing Market Forecast, Next Generation Sequencing Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Next Generation Sequencing Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Next Generation Sequencing Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Next Generation Sequencing Market by Product & Service
3.3.1: Presequencing Products & Services
3.3.2: NGS consumables
3.3.3: NGS Platforms
3.3.4: Services for NGS Platforms
3.3.5: Sequencing Services
3.3.6: Bioinformatics
3.4: Global Next Generation Sequencing Market by Technology
3.4.1: Sequencing by Synthesis
3.4.2: Ion Semiconductor Sequencing
3.4.3: Single-molecule Real-time Sequencing
3.4.4: Nanopore Sequencing
3.4.5: Other Sequencing Technologies
3.5: Global Next Generation Sequencing Market by Application
3.5.1: Diagnostics
3.5.2: Drug Discovery
3.5.3: Agriculture & Animal Research
3.5.4: Others
3.6: Global Next Generation Sequencing Market by End Use Industry
3.6.1: Academic Institutes & Research Centers
3.6.2: Hospitals & Clinics
3.6.3: Pharmaceutical & Biotechnology Companies
3.6.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Next Generation Sequencing Market by Region
4.2: North American Next Generation Sequencing Market
4.2.2: North American Next Generation Sequencing Market by End Use Industry: Academic Institutes & Research Centers, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, and Others
4.3: European Next Generation Sequencing Market
4.3.1: European Next Generation Sequencing Market by Application: Diagnostics, Drug Discovery, Agriculture & Animal Research, and Others
4.3.2: European Next Generation Sequencing Market by End Use Industry: Academic Institutes & Research Centers, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, and Others
4.4: APAC Next Generation Sequencing Market
4.4.1: APAC Next Generation Sequencing Market by Application: Diagnostics, Drug Discovery, Agriculture & Animal Research, and Others
4.4.2: APAC Next Generation Sequencing Market by End Use Industry: Academic Institutes & Research Centers, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, and Others
4.5: ROW Next Generation Sequencing Market
4.5.1: ROW Next Generation Sequencing Market by Application: Diagnostics, Drug Discovery, Agriculture & Animal Research, and Others
4.5.2: ROW Next Generation Sequencing Market by End Use Industry: Academic Institutes & Research Centers, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Next Generation Sequencing Market by Product & Service
6.1.2: Growth Opportunities for the Global Next Generation Sequencing Market by Technology
6.1.3: Growth Opportunities for the Global Next Generation Sequencing Market by Application
6.1.4: Growth Opportunities for the Global Next Generation Sequencing Market by End Use Industry
6.1.5: Growth Opportunities for the Global Next Generation Sequencing Market by Region
6.2: Emerging Trends in the Global Next Generation Sequencing Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Next Generation Sequencing Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Next Generation Sequencing Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Illumina
7.2: Thermo Fisher Scientific
7.3: BGI Group
7.4: PerkinElmer
7.5: Macrogen
7.6: Hamilton Company
7.7: Lucigen
7.8: Oxford Nanopore Technologies
7.9: Agilent Technologies
7.10: QIAGEN.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
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In-depth interviews of the major players in this market
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Detailed secondary research from competitors’ financial statements and published data
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Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
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A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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