Next Generation Sequencing Services Market to be dominated by the Growing Incidences of Genetic Disorders Through 2028.
Increasing prevalence of genetic disorders and advancements
in genomic technologies is expected to drive the growth of Global Next
Generation Sequencing Services Market in the forecast period.
According to TechSci Research report, “Next Generation Sequencing
Services Market –Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028”, Next Generation
Sequencing Services Market is expected to grow during the forecast period of 2024-2028.
This can be ascribed in the forecasted years due to
advancements in genomic technologies, increasing demand for precision medicine,
growing application of next generation sequencing in clinical research, and
increasing prevalence of genetic disorders.
Whole exome sequencing (WES) is increasingly being used in research and
clinical settings for identifying disease-causing mutations. This has led to a
growing demand for WES services, which is expected to drive the growth of the
NGS services market in the coming years.
These tests enable rapid and accurate
identification of the virus and its variants, enabling governments and
healthcare organizations to control the spread of the disease.
Furthermore, the pandemic has highlighted the importance of NGS
technology in healthcare and research. Governments and healthcare organizations
worldwide have recognized the need to invest in NGS technology to prepare for
future pandemics and to improve healthcare outcomes.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Next Generation Sequencing Services Market"
Global Next Generation
Sequencing Services Market
can be segmented based on service, workflow, end user, and region.
Global Next
Generation Sequencing Services Market can be divided into categories: human
genome sequencing services, single cell sequencing services, microbial
genome-based sequencing services, gene regulation services, others, based on
service. Human genome sequencing services are expected to dominate the market
of Next Generation Sequencing (NGS) in the coming years due to several factors.
The demand for human genome sequencing is increasing rapidly due to the growing
interest in personalized medicine, precision medicine, and genetic research. As
a result, human genome sequencing services are expected to be in high demand in
the coming years. The decreasing cost of NGS technology has made human genome
sequencing more affordable and accessible to individuals and researchers. This
has led to a rise in the number of human genome sequencing projects worldwide.
In addition, the development of cloud-based computing platforms and
bioinformatics tools has made it easier to analyze human genome sequencing
data, leading to new discoveries and improved patient outcomes. The growing
demand for direct-to-consumer (DTC) genetic testing is expected to drive the
growth of the human genome sequencing services market. DTC genetic testing allows
individuals to access their genetic information, providing insights into their
ancestry, predisposition to certain diseases, and potential responses to
different medications.
Global Next
Generation Sequencing Services Market is divided into hospitals & clinics,
academic & research institutions, pharmaceutical & biotechnology
companies, others, based on end user. Pharmaceutical & Biotechnology
companies are expected to dominate the Next Generation Sequencing (NGS) market
in the coming years due to several factors. NGS technology is being used in
drug discovery to identify new drug targets and to understand the genetic basis
of disease. NGS is being used in clinical trials to identify biomarkers that
can predict drug efficacy and patient response to treatment. As a result,
pharmaceutical and biotechnology companies are investing heavily in NGS
technology to improve their drug discovery and development pipelines.
Major companies operating in Global Next
Generation Sequencing Services Market are:
- Quest Diagnostics
Incorporated
- Applied Biological
Materials, Inc.
- Novogene Co, Ltd.
- Azenta Life Sciences
(GENEWIZ)
- NanoString Technologies,
Inc.
- Illumina, Inc.
- PacBio, Inc.
- Gene by Gene Ltd
- Lucigen Corporation
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
“The Next
Generation Sequencing (NGS) Market is experiencing rapid growth and is expected
to continue to do so in the coming years. NGS technology has revolutionized
genomics research and has numerous applications in fields such as drug
discovery, clinical diagnostics, and personalized medicine. The increasing
prevalence of genetic disorders and cancer, growing demand for precision
medicine, and decreasing cost of NGS technology are driving the market's
growth. Additionally, the COVID-19 pandemic has accelerated the adoption of NGS
technology in COVID-19 research and diagnostics, further boosting the market's
growth. Key players in the NGS market include Illumina, Novogene, and Lucigen
Corporation.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Next
Generation Sequencing Market- Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018-2028 Segmented By Service (Human Genome Sequencing Services,
Single Cell Sequencing Services, Microbial Genome-based Sequencing Services,
Gene Regulation Services, Others), By Workflow (Pre-Sequencing, Sequencing,
Data Analysis), By End User (Hospitals & Clinics, Academic & Research
Institutions, Pharmaceutical & Biotechnology Companies, Others), Region and
Competition”, has evaluated the future growth potential of Global Next
Generation Sequencing Services Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Next Generation Sequencing Services Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com