Next-Generation Sequencing (NGS) Services Market Latest Insights 2021

1. Next-Generation Sequencing (NGS) Services Market 2021: In-Depth Analysis Of Industry Players, Advanced Technologies & Growth Opportunities In Global Industry By 2026 iCognition Insights predicts the next generation sequencing (NGS) services market size to reach USD 6,639.0 million by 2026, registering a CAGR of 22.5% during the forecast period. Increasing applications of NGS for reliable diagnosis of chronic diseases, technology developments in NGS platforms and affordable sequencing methodologies like targeted gene sequencing drive the market growth. Next generation sequencing (NGS) is a technology for sequencing thousands to millions of DNA molecules concurrently to study and identify genetic variation associated with a disease or a biological condition. Since its introduction in 2005, the NGS technology has revolutionized the field of genetics and molecular biology with its wide range of applications in cancer genomics, clinical biomarkers discovery, immuno-oncology, reproductive health, prenatal testing (NIPT), companion diagnostics and forensics. For more insights into the NGS services market, request a FREE sample of this report: CLICK HERE Market segmentation in the report: This global report by iCognition Insights focuses on market size and forecast of the next generation sequencing services market at global, segmental, regional and country level along with key market trends and dynamics from 2017 to 2026. The report encompasses a detail market segmentation by sequencing type (whole exome, whole genome, targeted sequencing & resequencing, application (clinical investigation, oncology, reproductive health, immune system monitoring, agri-genomics & forensics, metagenomics, epidemiology & drug development, consumer genomics), process flow type (pre-sequencing, sequencing, data analysis) end-use (clinical research, academic research, hospitals & clinics, biotechnology & pharmaceuticals, others) and region (North America, Europe, Asia Pacific, LATAM, ME&A). In 2020, the targeted sequencing & resequencing segment accounted for a significant revenue share. The breakthroughs in DNA sequencing technologies have resulted in significant cost reduction and rapid results of targeted sequencing, accelerating the revenue growth of the segment. Oncology segment dominated the market share due to rising cancer cases globally and advent of the liquid biopsy technology. However, consumer genomics is expected to show a lucrative CAGR for the forecast period. With rising awareness about genetic testing amongst populations and government initiative, expecting parents have gradually started showing acceptance for prenatal testing, further steering the segment growth over the forecast period to 2026. Collaborations between innovative healthcare, diagnostic companies and the institutional research groups have guided the growth of academic research segment in 2020.

2. The clinical and healthcare segments are projected to witness a lucrative CAGR during the forecast period owing to the increasing number of strategy partnerships and collaborations. Recently, Hackensack Meridian Health and Genomic Testing Cooperative (GTC) have announced a partnership to establish an oncology-focused NGS laboratory in New Jersey that will perform NGS and analysis of DNA and RNA from patients’ tumor samples and cell-free DNA from liquid biopsy. Asia-Pacific is projected to record the fastest CAGR over the forecast period. The report insights predict the global next generation sequencing (NGS) services market to be led by North America with Asia-Pacific to register the fastest CAGR for the forecast period. The report offers an in-depth analysis of the growth opportunities available in these regions for the market players. Competitive benchmarking of leading industry players: The report covers detail analysis of the competitive landscape, financial analysis, recent advancements, and strategy actions. Thermo Fisher Scientific Inc. Illumina, Inc. F Hoffman-La Roche Ltd. Oxford Nanopore Technologies Eurofins Genomatix GmbH DNASTAR PierianDx, Inc. Bio-Rad Laboratories, Inc. PerkinElmer, Inc. Key highlights of the report TOC: Study Scope Market Summary Market Dynamics Industry Outlook Covid-19 Impact and Deviation Analysis Next Generation Sequencing (NGS) Services Market Size and Forecast, by Sequencing Type, (2017-2026) Next Generation Sequencing (NGS) Services Market Size and Forecast, by Application, (2017- 2026) Next Generation Sequencing (NGS) Services Market Size and Forecast, by Process Flow Type (2017-2026) Next Generation Sequencing (NGS) Services Market Size and Forecast, by End-Use (2017-2026) Read full TOC @ Next Generation Sequencing (NGS) Services TOC…

3. Our proprietary research methodology: We follow our in-house domain-assisted cognition (DAC) research framework to compose all our market research reports. The framework ensures contextually relevant insights discovery by collecting precise market information via primary & secondary research and statistical models, further validated through a rigorous quality check mechanism. Explore our Latest Reports in Healthcare IT Industry: AI in Remote Patient Monitoring Market Analysis, Forecast 2020-2025 Workplace Stress Management Market Analysis, Forecast 2020-2025 RFID in Healthcare Market Analysis, Forecast 2020-2025 About iCognition Insights: iCognition Insights is a leading life sciences and healthcare market intelligence and market research services firm, specialized in providing industry-standard syndicated reports, custom research and business consulting services to our global clients. Our methodological research approach coupled with deep domain and analytical expertise opens the doors to the insights that really matter. With over 20+ years of combined industry experience, we assist our clients in chalking their strategic growth plans and make informed business decisions. Our proprietary DAC research and analysis framework enable our clients discover hidden insights and granular quantitative and qualitative information on the market, technology, or company of interest. Contact Us: iCognition Insights Pvt. Ltd. No. 7, Sai Apt., Survey No. 67, Tingre Nagar, Pune- 411032, India US: +1 617 676 0160 APAC: +81 503 196 4844 Email: insights@icognitioninsights.com Website: https://www.icognitioninsights.com/