Next Generation Sequencing Market Scope
Next-generation sequencing (NGS), alternatively known as high-throughput sequencing, allows sequencing of millions of DNA molecules simultaneously. This method is useful in the field of personalized medicine, genetic diseases and clinical diagnostics as it offers high throughput option with ability to perform sequencing for multiple individual at the same time. The NGS machine or NGS sequencer is flexible enough to operate tasks such as whole –genome sequencing (WGS), targeted sequencing and transcriptome analysis.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Billion) |
Key Companies Profiled | DNAnexus [United States], DNASTAR [United States], Eagle Genomics [United Kingdom], Edge Biosystems [United States], GENEWIZ [United States], Roche [Switzerland], Agilent Technologies [United States], Biomatters, Ltd [New Zealand], CLC Bio [Denmark], GATC biotech AG [Germany], Macrogen [South Korea], BGI (Beijing Genomics Institute) [China], Illumina [United States], Life Technology Corporation [United States], EMC Corporation [United States] and Dnastar [United States] |
CAGR | 18.8% |
"According to AMA, the Global Next Generation Sequencing market is expected to see growth rate of 18.8% and may see market size of USD12.8 Billion by 2027." Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Next Generation Sequencing market throughout the predicted period.
DNAnexus [United States], DNASTAR [United States], Eagle Genomics [United Kingdom], Edge Biosystems [United States], GENEWIZ [United States], Roche [Switzerland], Agilent Technologies [United States], Biomatters, Ltd [New Zealand], CLC Bio [Denmark], GATC biotech AG [Germany], Macrogen [South Korea], BGI (Beijing Genomics Institute) [China], Illumina [United States], Life Technology Corporation [United States], EMC Corporation [United States] and Dnastar [United States] are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Thermo Fisher Scientific, Inc [United States], Pacific Biosciences of California, Inc [United States], Oxford Nanopore Technologies, Ltd. [United Kingdom], Eurofins Scientific [Luxembourg], PerkinElmer [United States], Qiagen [Netherlands], 454 Life Sciences [United States] and PierianDx [United States].
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Next Generation Sequencing market by Type , by Application (Whole-genome Sequencing, Exome Sequencing, Targeted Resequencing, De Novo Sequencing, RNA Sequencing, ChIP Sequencing, Methyl Sequencing and Others) and Region with country level break-up.
On the basis of geography, the market of Next Generation Sequencing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
September 2018 - : Brooks Automation Buys GENEWIZ to expand Genomics footprint. GENEWIZ has significant growth prospects in next-gen and Sanger sequencing market. The transaction is expected to be over by end of 2018.
Recently in March 2018, ARUP and metagenomics company IDbyDNA, Inc. launched Explify Respiratory which is an NGS test for respiratory infections that helps physicians while diagnosing patients with pneumonia and other respiratory diseases. Using nucleic acid the test identifies over 200 common and rare bacteria and viruses.
The United States Food and Drug Administration finalized two guidelines to accelerate the development of reliable, beneficial next generation sequencing-based tests. "The new policies provide a modern and flexible framework to generate data needed to support the FDA’s review of NGS-based tests, and give developers new tools to support the efficient development and validation of these technologies" said FDA Commissioner Scott Gottlieb, M.D.
Influencing Trend:
Development in Portable Sequencing Technology and Adoption and Integration of Advanced LIMS (Laboratory Information Management System) Real-Time Tracking Methods
Market Growth Drivers:
Technical Advancement in NGS platform and Ability to Provide Cost Effective Solution
Challenges:
Issue Related to Ethics and Problem Associated With Interpretation of Complex Data
Restraints:
Lack of Budget in Emerging Economies and Lack of Awareness About NGS Technology
Opportunities:
Favorable Government Initiatives and Incorporation of Big Data
Key Target Audience
Healthcare Industry, NGS Service Providers, Potential Investors, Research Institute, Government Agencies and Others