Next Generation Sequencing Market

Next Generation Sequencing Market - Size,
Share, and Forecast 2025
Next Generation Sequencing (NGS) is a powerful, flexible, and indispensable biological tool that
is used in several areas of biological study. NGS technologies help in generating genome-wide
sequence data in a couple of days. These technologies are highly parallelized allowing to
sequence thousands to millions of molecules at the same time. The main advantage of these
platforms is determination of the sequenced data from amplified single DNA fragments, avoiding
the need for cloning of DNA fragments.
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NGS has large number of applications, enabling rapid technological advances across several
fields in biological science. The technology has enabled researchers to gain significant
knowledge in public health studies and epidemiology, to sequence viruses and bacteria and help
detect causes that may contribute to virulence. Furthermore, in gene expression research, next
generation sequencing of RNA replace microarray analysis, allowing researchers to see RNA
expression sequence. This RNA sequencing can provide information on entire transcriptome in
one analysis, irrespective of any previous knowledge of genetic sequence.
The global next generation sequencing market was valued at US$ 5.6 billion in 2017 and is
expected to witness a robust CAGR of 18.1% over the forecast period (2017–2025).
Rising demand for early detection of cancer and infectious diseases to drive growth of the NGS
The chances of successful treatment increase when cancer and infectious diseases are detected at
the early stage. One of the major factors that drive growth of the next generation sequencing
market is the rising prevalence of cancer and other infectious diseases. According to the World
Health Organization (WHO), in 2012, new cases of cancer was around 14 million and the
incidence is estimated to increase to 70% by 2030.
As per statistics published by National Cancer Institute (NCI), in 2016, 1,685,210 new cases of
cancer were diagnosed in the U.S. alone. In 2015, WHO reported 8.8 million deaths occurred
due to cancer. According to American Cancer Society (ACS), in 2017, around 161,360 cases of
prostate cancer were reported in the U.S alone. ACS, in 2015, also reported 4.5 million new
cancer cases in China and the number is expected to increase to 7.6 Mn by 2020. Morbidity
cases in tuberculosis, salmonella, and meningococcal disease was as high as 90,000 in the U.S.
in 2016. Therefore, increasing demand for early diagnosis of cancer and infectious diseases, to
aid in better outcome, is in turn expected to aid in growth of the market over the forecast
Report includes chapters which deeply display the following deliverable about industry :
• Next Generation Sequencing Market Research Objective and Assumption
• Next Generation Sequencing Market Purview - Report Description, Executive Summary, and
Coherent Opportunity Map (COM)
• Next Generation Sequencing Market Dynamics, Regulations, and Trends Analysis - Market
Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Next Generation Sequencing Market, By Regions
• Next Generation Sequencing Market Competition by Manufacturers including Production,
Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Next Generation Sequencing Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Next Generation Sequencing Market Manufacturing Cost Analysis including Key Raw Materials
and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Next Generation Sequencing Market Forecast including Production, Consumption, Import and
Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Market Dynamics
Major factors driving growth of the next generation sequencing market are early detection of
cancer and infectious diseases and increasing partnership among academic and industry
partnerships for research and development. For academic institutions, these collaborations help
in commercialization of their discoveries from basic research to medical products. For instance,
in March, 2018, Cofactor Genomics, a U.S.-based developer of Cofactor Paragon (RNA analysis
tool) signed agreement with National Cancer Institute, and other three other pharma and
academic institutes to show clinical ability of its product.
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Key companies covered as a part of this study include Thermo Fisher Scientific Inc., Agilent
Technologies, Inc., BioMerieux S.A., F. Hoffmann-La Roche Ltd, Qiagen N.V., Illumina, Inc.,
Oxford Nanopore Technologies, and Beijing Genomics Co. Ltd.
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Next Generation Sequencing (NGS) is a powerful, flexible, and indispensable biological tool that is used in several areas of biological study.