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Next Generation Sequencing (NGS) Market to Experience Fastest Growth in North America & Asia-Pacific Region

The rise in technological advancements, especially nanopore sequencing in NGS and rise in the need to improve diagnostic procedures and ensure quality treatment is propelling the development is propelling the development of next generation sequencing market.

Next Generation Sequencing (NGS) Market
Next Generation Sequencing (NGS)

According to a new report published by Allied Market Research, titled, “Next Generation Sequencing Market by Product Type, Application, Technology, End-user, and: Opportunity Analysis and Industry Forecast, 2020-2030,” The global next generation sequencing (NGS) market size was valued at $6,598.62 million in 2020, and is projected to reach $35,503.66 million by 2030, registering a CAGR of 18.2% from 2021 to 2030.

Next generation sequencing (NGS, NextGenSeq) is used for sequencing genomes at high speed and at low cost. It is also known as second generation sequencing (SGS) or massively parallel sequencing (MPS). The technology is used to determine the order of nucleotides in entire genomes or targeted regions of DNA or RNA This technology is used for the identification of biomarkers for early diagnosis as well as personalized treatments, which has significantly impacted the change of the traditional medicine model of diagnosis to a precision medicine model.

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COVID-19 Impact Analysis:

1) The COVID-19 impact on the Next Generation Sequencing Market is unpredictable and is expected to remain in force till the fourth quarter of 2021.

2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.

3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.

4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.

Get Detailed COVID-19 Impact Analysis at:

Key Benefits for Stakeholders

  • This report entails a detailed quantitative analysis along with the current global Next Generation Sequencing (NGS) Market trends from 2021 to 2030 to identify the prevailing opportunities along with the strategic assessment.
  • The Next Generation Sequencing Market forecast is studied from 2021 to 2030.
  • The Next Generation Sequencing Market size and estimations are based on a comprehensive analysis of key developments in the endoscopic retrograde cholangiopancreatography industry.
  • A qualitative analysis based on innovative products facilitates strategic business planning.
  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the Next Generation Sequencing (NGS) Market.

By Product

  • Consumables
    • Sample Preparation Consumables
      • DNA Fragmentation, End Repair, A-Tailing and Size Selection
      • Library Preparation & Target Enrichment
      • Quality Control
  • Other Consumables
    • Platforms
    • HiSeq
    • MiSeq
    • Ion Torrent
    • SOLiD
    • Pacbio Rs II and Sequel System
    • Other Sequencing Platforms

🎅🎄(𝑪𝒉𝒓𝒊𝒔𝒕𝒎𝒂𝒔 𝒂𝒏𝒅 𝑵𝒆𝒘 𝒚𝒆𝒂𝒓 𝒔𝒂𝒍𝒆 𝑼𝒑 𝒕𝒐 25% 𝒅𝒊𝒔𝒄𝒐𝒖𝒏𝒕 𝙩𝒊𝒍𝒍 15 𝑱𝒂𝒏𝒖𝒂𝒓𝒚 2022)🎄🎅

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The Major Key Players Are:

  • Agilent Technologies, Inc
  • BGI Group
  • F. Hoffmann-La Roche AG
  • Illumina Inc
  • Precigen Inc., (Intrexon Bioinformatics Germany GmbH)
  • Pacific Biosciences of California, Inc
  • PerkinElmer, Inc.
  • PierianDx Inc.
  • Qiagen N.V.
  • Thermo Fisher Scientific Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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