According to The Insight Partners Next generation sequencing Market Forecast to 2025, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Next generation sequencing Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Next generation sequencing Market is based on company profiles and their efforts on increasing product value and production.
The market is expected to reach US$ 26,501.2 million by 2025 from US$ 4,274.9 million in 2016; it is estimated to grow at a CAGR of 21.1% from 2016 to 2025.
The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The growth of the Next generation sequencing in healthcare market is attributed to the increases in cancer prevalence, rise in funds and grants, focus of industry players and various meetings, conferences, workshops among others, are likely to propel the market growth. Additionally, technological development and decreasing price of sequencing is driving the growth of the market. However, factors such as risk associated with the genetic data, dearth of skilled professionals and high cost of equipment are restraining the market growth.
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Leading Next generation sequencing Market Players:
Illumina, Inc., Thermo Fisher, Qiagen N.V., Beijing Genomics Institute, PerkinElmer, Inc., F.Hoffman-La Roche Ltd., Agilent Technologies, Eurofins Scientific, Oxford Nanopore Technologies Ltd. and Macrogen Inc and more
The report highlights the prevailing trends and the factors driving the market growth. Favorable government policies and technological advances, such as the innovation of Next generation sequencing pens, are expected to aid Next generation sequencing demand over the next few years. However, uneven pricing coupled with the emerging economies witnessing limited access to human Next generation sequencing may hamper the market in the near future.
The report segments Next generation sequencing in healthcare market as follows:
By Product
- Consumables
- Services
- Platforms
By Technology
- Genome Sequencing
- Exome Sequencing
- Resequencing & Targeted Sequencing
- Other
By Application
- Diagnostics
- Drug Discovery
- Precision Medicine
- Other
What to Expect from This Report on the Next generation sequencing Market
- You can make developmental plans for your business when you have information on the value of the production, cost of the production, value of the products, and more for the next five years.
- A detailed overview of regional distributions and the overview types of popular products in the Next generation sequencing Market.
- How do the major companies and mid-level manufacturers make a profit within the Next generation sequencing Market?
- Estimate the break-in for new players who want to enter the Next generation sequencing Market.
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