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Next-Generation Sequencing Services

Next-Generation Sequencing Services Market is forecasted to increase at a considerable rate by 2030, with a CAGR of 18.3%

The Global Next-Generation Sequencing Services Market size was $1.03 billion in 2021, and is projected to grow to a value of more than $4.67 billion by 2030, with a growing CAGR (Compound annual growth rate) of 18.3% over the forecast period of 2022-2030.

Next-Generation Sequencing services– Overview

Next-generation sequencing alludes to various advances that all have one thing in common, they produce extremely huge volumes of sequence information and have opened up an entirely different set of utilizations in microbiology. Our net-generation sequencing stages can give information on tens to hundreds of examples in a solitary run, with a huge number of individual DNA sequences created per run. The expansion in sequencing throughput with these next-generation sequencing stages has delivered reduced costs and expanded accuracy per base.

Key market trends- Growth determinants and restraints

The rising pervasiveness of constant clinical ailments, like disease, along with different mechanical progressions in the field of clinical sciences, is one of the key elements driving the development of the market. Attributable to the far and wide reception of liquid biopsies in cancer diagnostics, there has been a huge expansion in the use of NGS services.

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These innovations use cell-free circulating tumour DNA as a non-invasive cancer biomarker for real-time cancer observing and recognition. Moreover, the rising reception of genome mapping projects to foresee the improvement of different disease is likewise giving a lift to the market development. Inherent maps are utilized for guiding researchers to examine the qualities that are responsible for expanding the pervasiveness of diabetes, heart disease, asthma, cancer and mental circumstances.

Furthermore, different mechanical progressions and integration with the cloud-computing system for further developed data management, are making a positive effect on the market development. Different elements, including the declining expenses of NGS system and broad (R&D) activities in the field of sequencing chemistry, sub-atomic biology and technical engineering, are projected to drive the worldwide next-generation sequencing market further.

Segmentation Analysis of Global Next-Generation Sequencing Services Market

Based on service type outlook

  • Human genome sequencing
  • Single cell sequencing
  • Microbial genome-based sequencing
  • Gene regulation services -small RND Sequencing, ChiP sequencing, and other Gene regulation-based services.
  • Animal and plant sequencing

Based on workflow outlook

  • Pre-sequencing
  • Sequencing
  • Data analysis

Based on end-use outlook

  • Universities and other research utilities
  • Hospitals and clinics
  • Pharma and biotech entities

North America is anticipated to hold the largest market share

North America, Europe, Latin America, Asia Pacific, and Middle East and Africa are the major regions constituting the geographical landscape of Global Next-Generation Sequencing services market. North America holds the largest market share among others.

Competitive Landscape

The Key players in the Global Next-Generation Sequencing services market are Illumina, Inc., Veritas Genetics, BGI, GENEWIZ Germany GmbH, ABM Inc., ARUP Laboratories, Novogene Corporation, Lucigen, Quest Diagnostics, and Gene by Gene.

Major Development

The Global Next-Generation Sequencing services market is expected to increase at a significant rate during the figure time period, somewhere in the range of 2022 to 2030. In 2020, the market is developing at a consistent rate and with the increasing reception of systems by key players, the market is supposed to ascend over the projected skyline.

Major questions answered in this report

  • What is the growth rate of the Global Next-Generation Sequencing services market?
  • What are the primary growth determinants of the Global Next-Generation Sequencing Services Market?
  • Which are the major regions constituting the geographical landscape of Global Next-Generation Sequencing Services Market?
  • Which are the prominent companies operating in Global Next-Generation Sequencing Services Market?

Key takeaways from the report-

The Global Next-Generation Sequencing Services Market register a CAGR of more than 18.3% from 2022 to 2030.

North America dominates the market with the highest market share.

The rising pervasiveness of constant clinical ailments, like disease, along with different mechanical progressions in the field of clinical sciences, is one of the key elements driving the development of the market.

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