Next Generation Sequencing (NGS) Market Insights and Growth Trends 2024–2031
Next Generation Sequencing (NGS) Market Insights and Growth Trends 2024–2031
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The Next Generation Sequencing (NGS) Market sector is undergoing rapid transformation, with significant growth and innovations expected by 2030. In-depth market research offers a thorough analysis of market size, share, and emerging trends, providing essential insights into its expansion potential. The report explores market segmentation and definitions, emphasizing key components and growth drivers. Through the use of SWOT and PESTEL analyses, it evaluates the sector’s strengths, weaknesses, opportunities, and threats, while considering political, economic, social, technological, environmental, and legal influences. Expert evaluations of competitor strategies and recent developments shed light on geographical trends and forecast the market’s future direction, creating a solid framework for strategic planning and investment decisions.
Next Generation Sequencing (NGS) Market Industry Trends and Forecast to 2030
Brief Overview of the Next Generation Sequencing (NGS) Market:
The global Next Generation Sequencing (NGS) Market is expected to experience substantial growth between 2024 and 2031. Starting from a steady growth rate in 2023, the market is anticipated to accelerate due to increasing strategic initiatives by key market players throughout the forecast period.
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Which are the top companies operating in the Next Generation Sequencing (NGS) Market?
The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the market's extension. This Global Next Generation Sequencing (NGS) Market report provides the information of the Top Companies in Next Generation Sequencing (NGS) Market in the market their business strategy, financial situation etc.
Illumina, Inc., Thermo Fisher Scientific Inc., QIAGEN, Merck KGaA, Charles River Laboratories, Revvity, Promega Corporation., Agilent Technologies, Inc., Takara Bio Inc., Eurofins Scientific, Hamilton Company, BGI, Azenta US, Inc., Beckman Coulter, Inc., Bio-Rad Laboratories, Inc., PacBio., Macrogen, Inc., Gilson Incorporated, New England Biolabs, Oxford Nanopore Technologies plc., LGC Biosearch Technologies, PCR Biosystems, ACT Genomics, Quantabio, DNASTAR, and NimaGen. among others
Report Scope and Market Segmentation
Which are the driving factors of the Next Generation Sequencing (NGS) Market?
The driving factors of the Next Generation Sequencing (NGS) Market are multifaceted and crucial for its growth and development. Technological advancements play a significant role by enhancing product efficiency, reducing costs, and introducing innovative features that cater to evolving consumer demands. Rising consumer interest and demand for keyword-related products and services further fuel market expansion. Favorable economic conditions, including increased disposable incomes, enable higher consumer spending, which benefits the market. Supportive regulatory environments, with policies that provide incentives and subsidies, also encourage growth, while globalization opens new opportunities by expanding market reach and international trade.
Next Generation Sequencing (NGS) Market - Competitive and Segmentation Analysis:
**Segments**
- By Product (Instruments, Consumables, Accessories)
- By Technology (Sequencing by Synthesis, Ion Semiconductor Sequencing, Sequencing by Ligation, Pyrosequencing, Single-Molecule Real-Time Sequencing)
- By Workflow (Pre-sequencing, Sequencing, Data Analysis)
- By Application (Diagnostics, Drug Discovery, Precision Medicine, Agriculture & Animal Research)
- By End User (Academic and Research Institutes, Pharmaceutical and Biotechnology Companies, Hospitals & Clinics)
The global next generation sequencing (NGS) market is projected to witness significant growth between 2021 and 2030, driven by technological advancements, increasing application in clinical diagnostics, and rising demand for personalized medicine. The market is segmented based on product, technology, workflow, application, and end user. Instruments, consumables, and accessories are the key product segments in the market. In terms of technology, sequencing by synthesis, ion semiconductor sequencing, sequencing by ligation, pyrosequencing, and single-molecule real-time sequencing are the major categories. The workflow segment includes pre-sequencing, sequencing, and data analysis. Applications of NGS in diagnostics, drug discovery, precision medicine, agriculture, and animal research are expected to fuel market growth. Academic & research institutes, pharmaceutical & biotechnology companies, and hospitals & clinics are the main end users of NGS technology.
**Market Players**
- Illumina, Inc.
- Thermo Fisher Scientific Inc.
- Qiagen
- Pacific Biosciences of California, Inc.
- BGI
- Agilent Technologies, Inc.
- F. Hoffmann-La Roche Ltd
- Oxford Nanopore Technologies
- PerkinElmer Inc.
- Eurofins Scientific
Major market players in the global NGS market include Illumina, Inc., Thermo Fisher Scientific Inc., Qiagen, Pacific Biosciences of California, Inc., BGI, Agilent Technologies, Inc., F. HoffmannThe global next generation sequencing (NGS) market is highly competitive and is dominated by key players such as Illumina, Inc., Thermo Fisher Scientific Inc., Qiagen, Pacific Biosciences of California, Inc., BGI, Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd, Oxford Nanopore Technologies, PerkinElmer Inc., and Eurofins Scientific. Illumina is a market leader known for its diverse product portfolio and continuous technological advancements in NGS platforms. Thermo Fisher Scientific offers a wide range of NGS solutions catering to various applications such as clinical diagnostics and research. Qiagen focuses on providing sample and assay technologies for molecular diagnostics and has a strong presence in the NGS market. Pacific Biosciences is renowned for its long-read sequencing technology, which has gained popularity in genome research applications.
BGI, a China-based company, has been expanding its presence in the global NGS market with its cost-effective sequencing services and solutions. Agilent Technologies is a prominent player offering NGS sample preparation products and solutions for genomics research. F. Hoffmann-La Roche is a key player with a strong presence in the diagnostics market and has been investing in NGS technologies for personalized healthcare applications. Oxford Nanopore Technologies is known for its innovative nanopore-based sequencing platforms that enable real-time DNA and RNA sequencing. PerkinElmer provides a wide range of NGS instruments, reagents, and software solutions for genomics research. Eurofins Scientific offers NGS services for a variety of applications, including pharmaceutical research and precision medicine.
These market players are continuously investing in research and development to introduce innovative products and technologies in the NGS market. Partnerships, collaborations, and strategic acquisitions are common strategies adopted by these companies to expand their product offerings and geographical presence. The growing demand for NGS in clinical diagnostics, drug discovery, and personalized medicine is driving the market players to focus on developing user-friendly and cost-effective solutions that can meet the evolving**Market Players**
- Illumina, Inc.
- Thermo Fisher Scientific Inc.
- QIAGEN
- Merck KGaA
- Charles River Laboratories
- Revvity
- Promega Corporation.
- Agilent Technologies, Inc.
- Takara Bio Inc.
- Eurofins Scientific
- Hamilton Company
- BGI
- Azenta US, Inc.
- Beckman Coulter, Inc.
- Bio-Rad Laboratories, Inc.
- PacBio.
- Macrogen, Inc.
- Gilson Incorporated
- New England Biolabs
- Oxford Nanopore Technologies plc.
- LGC Biosearch Technologies
- PCR Biosystems
- ACT Genomics
- Quantabio
- DNASTAR
- NimaGen
**Market Players:**
The global next-generation sequencing (NGS) market is fiercely competitive with several key players dominating the industry. Companies such as Illumina, Inc., Thermo Fisher Scientific Inc., QIAGEN, Merck KGaA, and Charles River Laboratories are at the forefront of technological advancements and product innovations within the NGS market. These market players focus on developing cutting-edge solutions to meet the growing demand for NGS technology across various sectors such as diagnostics, research, and personalized medicine. Revvity, Promega Corporation, Agilent Technologies, Inc., Takara Bio Inc., Eurofins Scientific, Hamilton Company, BGI, Azenta US, Inc., Beckman Coulter, Inc
North America, particularly the United States, will continue to exert significant influence that cannot be overlooked. Any shifts in the United States could impact the development trajectory of the Next Generation Sequencing (NGS) Market. The North American market is poised for substantial growth over the forecast period. The region benefits from widespread adoption of advanced technologies and the presence of major industry players, creating abundant growth opportunities.
Similarly, Europe plays a crucial role in the global Next Generation Sequencing (NGS) Market, expected to exhibit impressive growth in CAGR from 2024 to 2030.
Global Next Generation Sequencing (NGS) Market Industry Trends and Forecast to 2030
Key Benefits for Industry Participants and Stakeholders: –
- Industry drivers, trends, restraints, and opportunities are covered in the study.
- Neutral perspective on the Next Generation Sequencing (NGS) Market scenario
- Recent industry growth and new developments
- Competitive landscape and strategies of key companies
- The Historical, current, and estimated Next Generation Sequencing (NGS) Market size in terms of value and size
- In-depth, comprehensive analysis and forecasting of the Next Generation Sequencing (NGS) Market
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters
The countries covered in the Next Generation Sequencing (NGS) Market report are U.S., copyright and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA
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This Next Generation Sequencing (NGS) Market Research/Analysis Report Contains Answers to the Following Questions:
Who are the Key Players of Next Generation Sequencing (NGS) Market?
- Identify the major companies and entities leading the market, their market share, financial performance, geographic presence, and their role in driving industry trends.
What are the Next Generation Sequencing (NGS) Market Trends?
- Explore current and emerging trends shaping the market, including technological advancements, consumer preferences, and regulatory impacts.
What is the Next Generation Sequencing (NGS) Market Size and Growth Rate?
- Understand the current size of the market, its historical growth, and future projections, including key factors driving or hindering growth.
What are the Opportunities and Challenges?
- Identify potential opportunities for growth, innovation, and investment, as well as the challenges and risks that may affect market dynamics.
What are the Key Next Generation Sequencing (NGS) Market Segments?
- Breakdown the market into its major segments based on product types, applications, end-users, and geographic regions to highlight areas of significant activity and potential.
What are the Competitive Strategies?
- Analyze the strategies adopted by key players, including product development, partnerships, mergers and acquisitions, and marketing tactics that drive their competitive edge.
What is the Consumer Behavior?
- Gain insights into consumer preferences, purchasing patterns, and factors influencing buying decisions within the market.
What are the Regulatory and Compliance Requirements?
- Understand the legal and regulatory landscape governing the market, including compliance requirements that companies must adhere to.
What are the Next Generation Sequencing (NGS) Market Forecasts?
- Provide future market outlook with detailed forecasts, including expected growth rates, emerging trends, and potential disruptions over the next few years.
What are the Innovation and R&D Activities?
- Highlight key innovations and research and development activities by leading companies that are shaping the future of the market.
Explore a comprehensive Table of Contents (TOC) with detailed tables, figures, and charts spanning over 350+ pages. Gain exclusive access to crucial data, information, vital statistics, trends, and a detailed competitive landscape analysis within this specialized sector.
Detailed TOC of Next Generation Sequencing (NGS) Market Insights and Forecast to 2030
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Next Generation Sequencing (NGS) Market Landscape
Part 05: Pipeline Analysis
Part 06: Next Generation Sequencing (NGS) Market Sizing
Part 07: Five Forces Analysis
Part 08: Next Generation Sequencing (NGS) Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Next Generation Sequencing (NGS) Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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