What is NGS In Agrigenomics Market?
NGS is a technology that can be used to study genetic variation. In agrigenomics, the technology is widely utilized to develop healthy and more productive crops and livestock. In recent times, the population is rapidly increasing across the globe thereby rise in demand of foods and nutrition. This situation led researchers and breeders to adopt advanced technologies for researching genomes of the crop and livestock to meet the global food demand. The technology is used to analyze the productivity of the crops after breeding and its speed. The breeders and researchers are prompt adopters of the NGS technology.
The market study is being classified by Type (NovaSeq, NextSeq, Sequel and Nanopore), by Application (Plant & Animal Genomics, Commercial Agriculture, Agriculture Consortia and Agricultural Community) and major geographies with country level break-up.
ArrayGen (India), Illumina, Inc. (United States), QIAGEN N.V. (Germany), PerkinElmer, Inc. (United States), Genotypic Technology (India), GENEWIZ, Inc. (United States), Agilent Technologies Inc. (United States), Neogen Corporation (United States) and LGC Group (United Kingdom) are some of the key players profiled in the study.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global NGS In Agrigenomics market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global NGS In Agrigenomics market by Type, Application and Region.
On the basis of geography, the market of NGS In Agrigenomics 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Changing Environment, Expanding Population, and Increasing Demands for Nutrition
- Increased Adoption of Advanced Technologies for Breeding and Management of Crops and Livestock
Market Trend
- Use of Machine Learning to Obtain Highly Accurate Genotype Information from Low-coverage Sequencing Data
Restraints
- High Cost of Sequencing-based Agriculture Studies
Opportunities
- Increasing Demand by the Researchers to Accelerate Genetic Mapping Studies in Crop Plants
Challenges
- Lack of Internet Connectivity in Some Areas
Market Leaders and some development strategies
In June 2020, Illumina, Inc. acquired Netherland-based BlueBee to analyze and interpret the data produced by its sequencing systems. BlueBee is a leading cloud-based software company that provides genomics analysis solutions for research and clinical customers. The acquisition will strengthen Illumina’s cloud portfolio and lower the cost of storing, sharing, and managing the enormous volumes of genomic data from more than 15000 sequencing systems
In the year 2020, Illumina, Inc. announced the launching of new NextSeq 1000 and NextSeq 2000 Sequencing Systems to meet the growing demand for clinical-grade genomic information at a lower cost. This facilitates users with advanced system design, chemistry innovations, and on-instrument integrated informatics for rapid secondary analysis.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, NGS in Agrigenomics Solution Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others