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Next generation sequencing (NGS) Market by Product & Services
Global Analysis & Forecast 2019-2030
Market Industry Reports (MIR) has published a new report titled “Next generation
sequencing (NGS) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast,
2019–2030.” According to the report, the global Next Generation Sequencing (NGS) market is
estimated to be over US$ 4.0 Bn in 2017. It is anticipated to grow at a double digit CAGR from 2019
to 2030.
The continual growth in clinical application of NGS as well as sequencing of whole or targeted
genomes has presented a bright prospect for the growth of global Next Generation Sequencing
(NGS) market. Reduction of costs associated with sequencing has further led to wide scale
application of such techniques.
Application of NGS in Oncology
Improvement in the overall NGS technology in terms of pipeline analyses, sequencing chemistry,
data interpretation, reliability and costs has led to application of the technique in several fields of
medical sciences, including oncology. The utilization of NGS technologies provides accurate and
deeper knowledge regarding molecular basis of individual tumors, thereby providing a better,
efficient and long lasting treatment option. According to Cancer Research UK, the number of cancer
cases reported worldwide in the year 2018, was approximately around 17 million. It is further
projected that within the period 2018-2040, the total incidence rate of worldwide cancer will
increment by 62%. The growing incidences of cancer are anticipated to present a lucrative growth
opportunity for the global Next generation sequencing (NGS) market in the coming years.
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Increasing Demand of NGS for Clinical Application
The advent of NGS has led to significant changes in the scientific approach utilized for both clinical
and research applications. Both RNA & DNA sequencing have been proven to be extremely useful
for studying evolutionary relationships, mutation, sequence variation and other vital information
associated with genes. The clinical applications of which has been pivotal in diagnosing germline
diseases and understanding the genetic basis of various hereditary or chronic diseases among
others. The growing incidences of several clinical ailments has directly contributed to the extensive
adoption of NGS and other sequencing techniques, to obtain better understanding of the diseases
and formulate necessary therapies for the same.
Browse key industry insights spread across 150 pages with market data tables & figures & charts
from the report, Next generation sequencing (NGS) Market by Product & Services (Pre-
Sequencing Products & Service, Sequencing Services, Data Analysis, Storage, and
Management), Technology (Sequencing By Synthesis Ion Semiconductor Sequencing,
Single-Molecule Real-Time Sequencing), Application (Diagnostics, Drug Discovery), End User
(Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, Academic Institutes &
Research Centers) - Global Analysis & Forecast 2019-2030 in detail along with the table of
contents: https://www.marketindustryreports.com/3/next-generation-sequencing-NGS-market