The increasing adoption across different countries are bolstering next-generation sequencing market. The rising number of government initiatives in the industry and opportunities in untapped markets also boost next-generation sequencing market. In addition, precision medicine discovery and biomarker using next-generation sequencing are also supplementing comprehensive growth in the next-generation sequencing market.
The growing applications and technological development in sequencing platforms are also likely to stimulate the growth in the next-generation sequencing market in the near future. The research laboratories and research academic institutes are adopting next-generation sequencing technologies for growth supplementation in the industry in upcoming time frame.
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Storage and Inadequate Skilled Professional may Curtail Growth in Next-generation Sequencing Market
The cloud-based technology has been integrated with the next-generation of sequencing. This integration serves as a dominating reason to encourage growth in the next-generation sequencing market in the near future. Further, the research institutes are also focusing on cancer research to identify its convenient and advanced treatment. Further, the increasing level of competition among the companies are accelerating growth opportunities in the next-generation sequencing market in a short period.
On the other hand, there is an increasing concern of scarcity of skilled professionals and storage of sequencing data. These two genuine concerns may curtail growth opportunities in the next-generation sequencing market in near future. Furthermore, there is a growing concern that is related to the next-generation sequencing security in the industry. The accuracy and standardization issues in the diagnostic testing are anticipated to create major threats for the prominent players in the next-generation sequencing market.
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But there is a rise in the application of cloud computing in the next-generation sequencing market, and it is predicted to stimulate growth in the industry. But the growing number of conferences and workshops are performing well in the task of increasing awareness among customers about characteristics of next-generation sequencing. Further, these may fuel growth in the next-generation sequencing market.