Market Overview
The next-generation sequencing market has occupied a market value of USD 20,347.45 million with a CAGR of 18.05 percent during the market forecast period. Certain advances in technology in sequencers have risen the demand for portable, easy-to-use, and more efficient NGS platforms. This advancement in technology has helped in providing accurate and rapid consequences with a large number of turnarounds. The emergence of these new and innovative products has offered a competitive spirit among the companies where they are carrying out certain research and developmental activities which have propelled the market size. Due to certain investments in NSG units, certain developing regions are not able to spend sufficient sums which was a major challenge for the market. Certain government organizations are working on genomes where certain research activities and adopting different treatment methods for cancer, and certain other conditions. NGS technology has played a most important role in determining the genetic sequencing of the COVID virus which has helped the scientists for understanding the mutation so being carried in the virus. The sequencing method has been used in the oncology department for diagnosing the tissue sample. The rise in portability, flexibility, and adoption of easy methods has improved the industry.
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Next generation sequencing market Competitive Landscape:
Qiagen
Advaita Bioinformatics
Roche
Biomatters
Illumina
Congenica
DNAnexus
Dovetail Genomics
Eagle Genomics
Edge Biosystems
Market Segmentation
As per the sequencing the market is being classified based on type into targeted sequencing services, Amplicon Sequencing, RNA Sequencing services, Ribosome Profiling, De Novo Sequencing Services, Degradome Sequencing, Exome Sequencing Services, Methyl Sequencing, Chip Sequencing Services, and Whole-genome Sequencing. As per the technology, the market is being classified into Nanopore Sequencing, Sequencing by synthesis, Single-molecule real-time sequencing, Ion Semiconductor Sequencing, and others.
Regional Classification
There are certain growth-promoting factors in the Chinese region like the endorsement of reimbursement policies which have helped in promoting the sequencing industry. Its government is focussing majorly on the research activities of the diagnostics so being carried out along with the end-user units. A reduction in coats in this unit has resulted in providing a sequential procedure. The improvement of favorable government policies and less costs of manpower es[pecially in this region has helped in promoting the growth of the next generation sequencing industry. The European region has occupied this second-largest market growth where they are constantly focussing on adopting new products. The company in the United Kingdom has a wide infrastructure that has been dedicated to NGS custom cancer which enables the researchers to focus on cancerous genes.
Industry News
The dominating key players here are extremely competitive where they are offering certain competitive rates. Some of the competitors are Qiagen, Edge Biosystems, Advaita Bioinformatics, Eagle Genomics, Roche, Dovetail Genomics, Biomatters, DNAnexus, Illumina, Congenica, and many more. Deterioration of technical barriers took place due to the invention of Roche and KAPA has helped in preparing certain samples. The new and advanced technology has invented the cutting edge method by using the newly invented flexible instruments has helped in driving up the sequencing market. The market players are constantly focussing on numerous sample processing parallel sequencing. They have been adopting certain methods that will help in improving the diagnosis work and treatment of the patients.
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