This Next Generation Sequencing (NGS) market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered inNext Generation Sequencing (NGS)report simplifies managing marketing of goods and services effectively.

Data Bridge Market Research analyzes that the global next generation sequencing (NGS) market is growing with a CAGR of 15.1% in the forecast period of 2024 to 2031 and is expected to reach USD 40.78 billion by 2031 from USD 13.88 billion in 2023.

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Market Overview:

The global next generation sequencing (NGS) market is driven by the increasing demand for personalized medicine and the growing adoption of NGS technologies in clinical diagnostics and research applications. However, one restraint for market growth is the high cost associated with NGS procedures, limiting its accessibility in developing regions. An opportunity in this market lies in the advancements in NGS technologies, such as improved data analysis tools and faster sequencing platforms, which can enhance the efficiency and accuracy of sequencing processes. One challenge is the need for standardized protocols and regulations for NGS-based tests to ensure consistency and reliability across different laboratories and healthcare settings.

Some of the major players operating in the Next Generation Sequencing (NGS) market are

Illumina, Inc., Thermo Fisher Scientific Inc., QIAGEN, Merck KGaA, Charles River Laboratories, Revvity, Promega Corporation., Agilent Technologies, Inc., Takara Bio Inc., Eurofins Scientific, Hamilton Company, BGI, Azenta US, Inc., Beckman Coulter, Inc., Bio-Rad Laboratories, Inc., PacBio., Macrogen, Inc., Gilson Incorporated, New England Biolabs, Oxford Nanopore Technologies plc., LGC Biosearch Technologies, PCR Biosystems, ACT Genomics, Quantabio, DNASTAR, and NimaGen. among others

Global Next Generation Sequencing (NGS)Market Scope

The global next generation sequencing (NGS) market is segmented into five notable segments based on product & service, technology, application, end user, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the differences in your target markets.

Product & Service

· Consumables

· Services

· Instruments

On the basis of product & service, the global next generation sequencing (NGS) market is segmented into consumables, services, and instruments.

Technology

· Sequencing by Synthesis (SBS)

· Sequencing by Ligation (SBL)

· Others

On the basis of technology, the global next generation sequencing (NGS) market is segmented into Sequencing by Synthesis (SBS), Sequencing by Ligation (SBL), and others.

Application

· Pharmaceuticals Microbiology

· Drug & Biomarker Discovery

· Diagnostics

· Precision Medicine

· Agricultural & Animal Research

· Food Pathogen Screening

· Others 

On the basis of application, the global next generation sequencing (NGS) market is segmented into pharmaceuticals microbiology, drug & biomarker discovery, diagnostics, precision medicine, agricultural & animal research, food pathogen screening, and others.

End user

· Pharmaceutical & Biotechnology Companies

· Academic & Research Institutes

· Hospitals & Clinics

· Clinical Laboratories

· Contract Research Organizations (CROS)

· Others

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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Next Generation Sequencing (NGS) Market Landscape

Part 04: GlobalNext Generation Sequencing (NGS)Market Sizing

Part 05: GlobalNext Generation Sequencing (NGS)Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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