Pune, Maharashtra Feb 12, 2019 (Issuewire.com) - Market Industry Reports (MIR) has published a new report titled “Next generation sequencing (NGS) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global membrane chromatography market is estimated to be over US$ 4.0 Bn in 2017. It is anticipated to grow at a double-digit CAGR from 2019 to 2030.
The Study On key vendors in this Global Next-generation sequencing (NGS) Market includes are Agilent Technologies, 10x Genomics, Beckman Coulter (A Subsidiary of Danaher), Becton, Dickinson and Company, Eurofins Scientific, Pacific Biosciences of California, Inc., BGI, Illumina, Inc., F. Hoffmann-La Roche AG, among others.
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Global Next-generation sequencing (NGS) Market is expected to strongly dominate the global economy with a substantial growth rate in the upcoming years.
The continual growth in the clinical application of NGS, as well as sequencing of whole or targeted genomes, has presented a bright prospect for the growth of the global membrane chromatography market. Reduction of costs associated with sequencing has further led to the wide-scale application of such techniques.
Increasing Demand of NGS for Clinical Application
The advent of NGS has led to significant changes in the scientific approach utilized for both clinical and research applications. Both RNA & DNA sequencing has been proven to be extremely useful for studying evolutionary relationships, mutation, sequence variation and other vital information associated with genes. The clinical applications of which has been pivotal in diagnosing germline diseases and understanding the genetic basis of various hereditary or chronic diseases among others. The growing incidences of several clinical ailments have directly contributed to the extensive adoption of NGS and other sequencing techniques, to obtain a better understanding of the diseases and formulate necessary therapies for the same.
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This report provides an in-depth study of "Next generation sequencing (NGS) Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Next generation sequencing (NGS) Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Application of NGS in Oncology
Improvement in the overall NGS technology in terms of pipeline analyses, sequencing chemistry, data interpretation, reliability and costs has led to the application of the technique in several fields of medical sciences, including oncology. The utilization of NGS technologies provides accurate and deeper knowledge regarding the molecular basis of individual tumours, thereby providing a better, efficient and long-lasting treatment option. According to Cancer Research UK, the number of cancer cases reported worldwide in the year 2018, was approximately around 17 million. It is further projected that within the period 2018-2040, the total incidence rate of worldwide cancer will increment by 62%. The growing incidences of cancer are anticipated to present a lucrative growth opportunity for the global Next-generation sequencing (NGS) market in the coming years.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report Next-generation sequencing (NGS) Market by Product & Services (Pre-Sequencing Products & Service, Sequencing Services, Data Analysis, Storage, and Management), Technology (Sequencing By Synthesis Ion Semiconductor Sequencing, Single-Molecule Real-Time Sequencing), Application (Diagnostics, Drug Discovery), End User (Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, Academic Institutes & Research Centers) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents: https://www.marketindustryreports.com/3/next-generation-sequencing-NGS-market
Budget Constraints among Developing Economies to Restrain the Market
Although costs associated with sequencing of genetic data has come down significantly in recent times. Yet, the current costs for sequencing genomes are one of the major factors affecting the growth of Next-generation sequencing (NGS) usage among end-users from developing economies. Thereby, price-related concerns are anticipated to be limiting the use of NGS technologies and restraining the extensive growth of the market during the forecast period
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing incidences of cancer, continuously growing economy, and increasing burden of chronic diseases is anticipated to present a lucrative growth scenario for the Next-generation sequencing (NGS) market in this region. Furthermore, improving healthcare facilities, coupled with increasing R&D expenditures in the region is expected to present an attractive growth prospect for the market in the coming years.
Key Point of Table of Contents:
12 COMPANY PROFILES
(Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
12.1 10x Genomics
12.2 Agilent Technologies, Inc.
12.3 Beckman Coulter (A Subsidiary of Danaher)
12.4 Becton, Dickinson and Company
12.5 BGI
12.6 Eurofins Scientific
12.7 F. Hoffmann-La Roche AG
12.8 Genewiz
12.9 Illumina, Inc.
12.10 Macrogen, Inc
Continue…
The report holds answers to important questions
1. What will the local and international competition for vendors operating in the Next-generation sequencing (NGS) Market look like during the forecast period, 2019 to 2030?
2. What impact will innovative technology and product substitutes have on the use of a service and product?
3. What are the trade barriers in the Next-generation sequencing (NGS) Market?
4. What are the important catalysts that will shape the preference of the customers during the forecast period, 2019 to 2030?
5. What will be the expected ROI (return on investment)? How much profit will the Next-generation sequencing (NGS) Market players make?
6. Which distribution trends and developments will continue to dominate the Next-generation sequencing (NGS) Market in the coming years?
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