Next-Generation Sequencing (NGS) Market to Benefit from Increased Usage in Life-science Research

San Francisco, California, January 31, 2018: In a recent market research report, TMR Research presents an assessment of the growth dynamics and the key factors affecting the overall pace of development of the global market for next generation sequencing. The report is titled “Next-Generation Sequencing (NGS) Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.”

Next generation sequencing has become a highly valuable tool for assembling a large number of short DNA and RNA chains using high-throughput sequencing, providing a set of much richer and more complete data than is possible with the conventional Sanger sequencing. The introduction of advanced and next generation sequencing in the recent years has thus proved to be highly resourceful and has helped open up a vast set of opportunities in the field of biotechnology. Solutions provided by the global next generation sequencing market are helping the biotechnology and life sciences sectors gain access to speedy, flexible, and high throughput sequencing options at low costs as compared to conventional sequencing.

The report presents an overview of the key factors that could influence the market significantly over the next few years, including growth drivers, challenges, trends, and regulatory scenario, an assessment of the competitive landscape of the market, and an overview of the market’s future growth prospects. The report also segments the market into careful sections so as to provide a much detailed and to the point assessment.

The report states that the rising set of applications of next generation sequencing is one of the primary drivers to influence the market massively. The market is also expected to benefit from the increased adoption of next generation sequencing across the rising number of research laboratories and the vast rise in research activities across academic institutes.

From a geographical standpoint, the market in North America presently dominates the global next generation sequencing market in terms of market share in value. The region is expected to continue to show a high demand for next generation sequencing, but is likely to lose market share to Asia Pacific.

The market in Asia Pacific is expected to display a high growth rate in the global next generation sequencing market due to improved healthcare initiatives, vastly increased capital investments, and the growing adoption of current innovative models by pharmaceutical and biotechnology players. A massive chunk of the global next generation sequencing market continues to be taken up by a collective base of end users from government research institutions, academic organizations, and biopharmaceutical companies operating in the region.

The competitive landscape of the global next generation sequencing market is also examined at great depths in the report. While the market is presently consolidated, with a small number of companies operating in it owing to the complex technologies and high cost required to develop effective products, the scenario is expected to change in the next few years as a number of new companies have started making inroads into this market. This will make the market more competitive as compared to present times and will lead to an encouraging rise in the development of new systems and increased availability across several regional markets.

Some of the leading companies operating in the market profiled in the report are Perkinelmer, Inc., Eurofins Scientific, F. Hoffmann-La Roche AG, Gatc Biotech AG, Illumina, Inc., Qiagen N.V., Agilent Technologies, Inc., Pacific Biosciences of California, Inc., Beijing Genomics Institute, Thermo Fisher Scientific Inc., Macrogen, Inc., and Oxford Nanopore Technologies, Ltd.

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Next Generation Sequencing Gains Strength with Use of Technology

San Francisco, California, May, 26, 2017 : TMR Research presents a new report on the global next generation sequencing data analysis market for the 2017-2025 period. The report, titled “Next Generation Sequencing (NGS) Data Analysis Market– Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017-2025,” presents detailed insights into the market dynamics and growth trends that are expected to have a bearing on the growth of the said market for the aforementioned forecast period.

The report examines the various segments and sub-segments and also presents a detailed analysis of their past, current, and future performance. The factors driving and challenging the growth of the next generation sequencing (NGS) data analysis market have also been covered in this report. Using established analytical tools such as Porter’s Five Forces analysis and SWOT analysis, the report presents a 360-degree overview where the market is headed in the future.

The use of cloud computing along with advanced data integration solutions have been instrumental in addressing data handling bottlenecks wherein a sizeable volume of high-throughput sequencing data is involved. Technological developments in bioinformatics are expected to present gainful opportunities to this vertical, which in turn, will propel the market’s growth.

The introduction of NGS techniques and their increasing adoption in genomic research, clinical diagnosis, and personalized medicine are boosting the demand for accurate and rapid sequencing interpretation instruments that can enable data analysis to be carried out faster. Furthermore, the scope of sequencing projects is expected to be on the rise on account of high genetic data output and at the same time drop in prices of sequencing.

However, high cost involved in the development of infrastructure for algorithms and software is restraining the growth of this market to some extent. NGS data analysis is time-consuming which is also hampering the challenging the growth of NGS data analysis market.

The global NGS data analysis market can be studied in terms of the regions of North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. among these, North America dominates the NGS data analysis market as the region is home to some of the established players in the region. Furthermore, the large number of research projects carried out in Canadian Universities is aiding the growth of the NGS data analysis market in this region.

However, Asia Pacific is expected to emerge as a significant market in the coming years due to the sponsorship received from external agencies for sequencing projects predominantly in emerging economies.

Some of the key players in the global next generation sequencing data analysis market include Illumina Inc., Station X Inc., Genalice, Omicia Inc., Bluebee, Ingenuity, DNAnexus SevenBridges Genomics, Congenica, WuXiNextCODE, and Edico Genome.