Next Generation Sequencing (NGS), also referred as high throughput sequencing, is a powerful platform that sequences thousands to millions of DNA molecules simultaneously. The global next-generation sequencing market size was valued at USD 3.6 Billion in 2015 and is expected to reach USD 22.3 Billion in 2025, growing at a CAGR of over 20% over the forecast period.
Market Outlook:
Soaring automation in the pre-sequencing protocols and utilization of novel platforms for developing personalized medicine at a genetic level by prominent industry leaders are significant factors expected to enhance demand for NGS over the forecast period. Moreover, rising inclination of scientists and drug developers towards the NGS technology for implementing the approach of personalized medicine is anticipated to drive the NGS market through to 2025.
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Furthermore, growing number of R&D projects in the fields of proteomics, transcriptomics and metabolomics, are also expected to escalate the demand for the technology. Genomics and proteomics studies utilize methods such as sequence determination and subsequent integrated data analysis to assemble and sort an array of structural information produced in these studies. Owing to application of NGS in the above studies, the NGS market is estimated to register growth over the forecast period.
Key Players:
llumina
Thermo Fisher Scientific Inc.
Roche Holding AG
Pacific Biosciences
GATC Biotech AG
QIAGEN N. V.
BGI
Oxford Nanopore Technologies
Increasing application in oncology is anticipated to witness lucrative growth during the forecast period owing to the NGS’s rapid sequence development capabilities for allowing oncologists to access genetic information in a relatively less accessible, dense gene clusters. NGS is also equipped with products focusing on complete workflow--from sampling to report generation which can be attributed to NGS market growth. However, lack of skilled technical personnel and accuracy and standardization concerns in diagnostic testing are factors limiting the growth of the market.
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Based on product, the market is segmented into consumables, platforms and services. The consumables segment is further divided into sample preparation consumables and other consumables. Further, the sample preparation consumables are further split into quality control, DNA fragmentation, end repair, A-Tailing & size selection and library preparation & target enrichment. HiSeq, MiSeq, Ion Torrent, SOLiD, Pacbio Rs II & Sequel System, and other sequencing platforms are classifications of the Platform product segment. The services segment is also divided into sequencing services which is sub categorized into RNA sequencing, whole exome sequencing, whole genome sequencing, targeted sequencing, chip sequencing, de novo sequencing, methyl sequencing whereas the data management services is categorized in NGS data analysis services, NGS data analysis software & workbenches, NGS storage, management and cloud computing solutions.
The consumables segment held the major market share in 2015 owing to the wide application in the sample preparation and other pre-requisite steps of NGS and is estimated to increase during the forecast period. Increased usage of targeted sequencing owing to associated benefits with a smaller dataset and reduction in sequencing costs accounts for the dominant share in the market.If you have any special requirements, please let us know and we will offer you the report as you want.
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