Next Generation Sequencing Market Share, Growth, Analysis | Forecast (2018-23)
Next-Generation Sequencing (NGS) Market Share, Analysis - Segmented by Sequencing Type (Whole Genome Sequencing, Targeted Resequencing, Whole Exome Sequencing, RNA Sequencing, CHIP Sequencing, De Novo Sequencing, Methyl Sequencing), Product (Instruments, Reagents & Consumables, Services), End User, Application (Drug Discovery/Personalized Medicine, Genetic Screening, Diagnostics/Infectious Diseases, Agriculture and Animal Research), and Geography - Growth, Trends, and Forecast (2019 - 2024).

PUBLISHED

APR 2018

Next-Generation Sequencing (NGS) Market Share, Analysis - Segmented by Sequencing Type (Whole Genome Sequencing, Targeted Resequencing, Whole Exome Sequencing, RNA Sequencing, CHIP Sequencing, De Novo Sequencing, Methyl Sequencing), Product (Instruments, Reagents & Consumables, Services), End User, Application (Drug Discovery/Personalized Medicine, Genetic Screening, Diagnostics/Infectious Diseases, Agriculture and Animal Research), and Geography - Growth, Trends, and Forecast (2019 - 2024).

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Next Generation Sequencing Market

The global next generation sequencing market is expected to register a CAGR of 19.5% during 2018 to 2023 (the forecast period). The next generation sequencing is a DNA sequencing technology that has revolutionized genomic research, and has drawn huge attention from the scientific research community. North America dominates the market, owing to the increasing demand for advanced healthcare facilities, high investments for genomics and proteomics, and growing adoption of sequencing techniques in the region.

Rising Applications in Clinical Diagnosis

The increasing applications in clinical diagnosis is one the major factors responsible for the growth of this market. In the recent years, technologies, such as Illumina/Solexa, ABI/SOLiD, 454/Roche, and Helicos, have provided unique prospects for high-throughput functional genomic research. Its applications in the diagnosis includes a variety of illnesses, such as cancer, hematological disorders, neurology, psychiatry, dysmorphology, vision and hearing impairment, cardiology, and pharmacogenomics. Compared to Sanger sequencing, NGS has emerged as the dominant genomics technology because of its cost effectiveness and use in wide range of functional genomics applications, from sequencing a group of candidate genes, all coding regions (known as exome sequencing) to the entire human genome.

Other factors, such as the speed, cost and accuracy of NGS, efficient replacement for traditional technologies like microarrays, and rise in drug discovery applications demanding NGS technology, are also contributing to the growth of the next-generation sequencing market.

Legal and Ethical Issues

Ethical and legal discussions have always been part of medical research. Funding agencies and journals often submit genomic data from research participants to their databases - this allows investigators to control data. Giving such access, risks the identity of the individuals or families. The data and samples are sent from the databases without the consent of the participant, putting them at risk. The unidirectional flow of data out of the system creates a sense of exploitation and distrust. Therefore, the legal and ethical issues hinder the growth of the next-generation sequencing market.

Other factors hindering this market are lack of interpretation of complex data and lack of skilled professionals.

US to Dominate the Next Generation Sequencing Market Share

The United States is expected to dominate the NGS market globally during the forecast period. Due to the support of genomics research, various government bodies, like NHGRI (National Human Genome Research Institute, US), have supported the work on sequencing of the human genome and fund research on the genome's structure, function, and role in health and disease. Further, The US National Human Genome Research Institute and the US National Academy of Medicine organized 90 leaders in genomic medicine from the United States and 25 other countries in Genomic Medicine Symposium in 2014, to identify opportunities for collaborations that promote the responsible practice of genomic medicine. Several government initiatives, developed healthcare infrastructure, and awareness among citizens are contributing to the growth of the market.

                                               Next Generation Sequencing Market

Key Developments in the Next Generation Sequencing Market 

  • February 2018 - HTG Molecular Diagnostics Inc., announced the issuance of Australian Patent for its technology for “Methods of Co-detecting mRNA and Small Non-coding RNA.”
  • February 2018 - PacBridge Capital Partners (HK) Limited planned to fund Contextual Genomics Inc., a leading Canadian cancer genomics company to support its FIND IT assay.
  • January 2018 - MedGenome expanded its NGS capabilities and forays into single-cell sequencing.

Next Generation Sequencing Market Major Players

  • Agilent Technologies.
  • DNASTAR Inc.
  • F. Hoffmann-La Roche Ltd.
  • GATC Biotech AG.
  • Illumina Inc.
  • Macrogen Inc.
  • Pacific Biosciences of California Inc.
  • PerkinElmer Inc.
  • Qiagen.
  • Thermo Fisher Scientific Inc.

Reasons to Purchase Next Generation Sequencing Market Report

  • Current and future of the global next-generation sequencing market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in excel)

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1. Introduction

                1.1 Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Next Generation Sequencing Market Overview

                5.1 Current Market Scenario

                5.2 Porter's Five Forces Analysis

                                5.2.1 Bargaining Power of Suppliers

                                5.2.2 Bargaining Power of Consumers

                                5.2.3 Threat of New Entrants

                                5.2.4 Threat of Substitute Product and Services

                                5.2.5 Competitive Rivalry within the Industry

6. Next Generation Sequencing Market Drivers, Restraints, Opportunities and Challenges Analysis (DROC)

                6.1 Next Generation Sequencing Market Drivers

                                6.1.1 Increasing Applications in the Clinical Diagnosis

                                6.1.2 Speed, Cost, and Accuracy to Spur Market Growth

                                6.1.3 Efficient Replacement for Traditional Technologies (Microarrays)

                                6.1.4 Drug Discovery Applications Demanding NGS Technology

                6.2 Next Generation Sequencing Market Restraints

                                6.2.1 Legal and Ethical Issues

                                6.2.2 Interpretation of Complex Data and Lack of Skilled Professionals

                6.3 Next Generation Sequencing Market Opportunities

                6.4 Next Generation Sequencing Market Key Challenges

7. Next Generation Sequencing Market Segmentation

                7.1 Next Generation Sequencing Market By Type of Sequencing

                                7.1.1 Whole Genome Sequencing

                                7.1.2 Targeted Resequencing

                                7.1.3 Whole Exome Sequencing

                                7.1.4 RNA Sequencing

                                7.1.5 CHIP Sequencing

                                7.1.6 De Novo Sequencing

                                7.1.7 Methyl Sequencing

                7.2 Next Generation Sequencing Market By Products

                                7.2.1 Instruments

                                7.2.2 Reagents & Consumables

                                7.2.3 Services

                7.3 Next Generation Sequencing Market By End User

                                7.3.1 Hospitals

                                7.3.2 Academics

                                7.3.3 Biotech and Pharmaceutical Firms

                7.4 Next Generation Sequencing Market By Application

                                7.4.1 Drug Discovery/Personalized Medicine

                                7.4.2 Genetic Screening

                                7.4.3 Diagnostics/Infectious Diseases

                                7.4.4 Agriculture and Animal Research

                                7.4.5 Others

                7.5 Next Generation Sequencing Market By Geography

                                7.5.1 North America Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.1.1 United States Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.1.2 Canada Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.1.3 Mexico Next Generation Sequencing Market Analysis (2018-2023)

                                7.5.2 Europe Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.2.1 France Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.2.2 Germany Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.2.3 United Kingdom Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.2.4 Italy Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.2.5 Spain Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.2.6 Rest of Europe

                                7.5.3 Asia-Pacific Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.3.1 China Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.3.2 Japan Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.3.3 India Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.3.4 Australia Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.3.5 South Korea Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.3.6 Rest of Asia-Pacific

                                7.5.4 Middle East & Africa Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.4.1 GCC Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.4.2 South Africa Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.4.3 Rest of the Middle East & Africa

                                7.5.5 South America Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.5.1 Brazil Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.5.2 Argentina Next Generation Sequencing Market Analysis (2018-2023)

                                                7.5.5.3 Rest of South America

8. Next Generation Sequencing Market Competitive Landscape

                8.1 Mergers & Acquisition Analysis

                8.2 Agreements, Collaborations, and Partnerships

                8.3 New Products Launches

9. Next Generation Sequencing Market Key Players

                9.1 Agilent Technologies

                9.2 DNASTAR Inc.

                9.3 F. Hoffmann-La Roche Ltd

                9.4 GATC Biotech AG

                9.5 Illumina Inc

                9.6 Macrogen Inc.

                9.7 Pacific Biosciences of California Inc.

                9.8 PerkinElmer Inc.

                9.9 Qiagen

                9.10 Thermo Fisher Scientific Inc.

               * List Not Exhaustive

10. Next Generation Sequencing Market Future Outlook

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