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NGS Services Market Drivers is Responsible for Increasing Market By 2023 : Beijing Genomics Institute (BGI), Cegat (Centre for Genomics and Transcriptomics) GMBH, DNA Vision SA, Eurofins Genomics Inc.

Next Generation Sequencing (NGS) involves massively parallel sequencing of millions of DNA fragments, providing vast amounts of data quickly and at an affordable cost. This enables in-depth analysis of entire genomes at unprecedented levels, allowing researchers to explore questions/hypotheses that previously would have required years to answer.  The driving factors of the European NGS services market are faster and cost-efficient sequencing, rising preference of NGS over other platforms, and rising prevalence of inherited diseases.

The global Next Generation Sequencing (NGS) service market is valued at $ XXX billion in 2018 and is expected to show a CAGR of +10% over the forecast period. Next-generation sequencing technology is increasingly leveraging existing and non-base applications to gain rapid, comprehensive insight at the genome level. This is mainly due to the continuous improvement of automation, secondary protocols, services and analysis solutions in this area. This, in turn, provided a healthy growth outlook for NGS implementations in clinical workflows.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Beijing Genomics Institute (BGI), Cegat (Centre for Genomics and Transcriptomics) GMBH, DNA Vision SA, Eurofins Genomics Inc., Febit / Comprehensive Biomarker Center GMBH (CBC), Genomnia SRL, Mina Inc., Macrogen Inc., Microsynth AG, Seqomics and Source Bio Science.

In addition, application of genomics in drug discovery, growing prevalence of cancer & other malignant diseases, and partnerships among companies, R&D centers, and universities supplement growth.  However, the factors hindering the growth of the market are reliability on grants and funding from the government and decrease in capital expenditure from academic institutions. Technological advancements opened new opportunities in the market.

As demand for robust, sequencing-based diagnostics has increased, new seq technology has been introduced, from high-throughput sequencers to handheld devices. This has recently led to the trend of clinical NGS. For example, in March 2018, ARUP Laboratories and IDbyDNA, Inc. introduced the Explicit Respiratory, a NGS test for respiratory infections, to help doctors diagnose pneumonia and other respiratory illnesses.

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This study considers the NGS Services value and volume generated from the sales of the following segments:

Segmentation by product type:

  • SBS
  • Ion Semiconductor
  • SBL
  • Pyro-Sequencing
  • SMRT

Segmentation by application:

  • Oncology
  • Lung cancer
  • Breast cancer
  • Prostate cancer
  • Colorectal cancer
  • Others

This report also splits the market by region:

  • Americas
  • APAC
  • Europe
  • Middle East & Africa

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Report Analysis:

  • To analyze the market size of the market and infer the key trends from it.
  • Comprehensive quantitative analysis of the industry is provided for the period of 2016-2023 to assist stakeholders to capitalize on the prevailing market opportunities.
  • Industry Chain Suppliers of NGS Services market with Contact Information
  • To inspect the market based on product, market share and size of the product share.
  • Industry Chain Suppliers of NGS Services market with Contact Information
  • The key findings and recommendations highlight crucial progressive industry trends in the NGS Services Market, thereby allowing players to develop effective long term strategies

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