Select Language
According to the latest report by IMARC Group, titled “Next-Generation Sequencing (NGS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global NGS market reached a value of US$ 13.82 Billion in 2021. Next-generation sequencing (NGS) refers to the technology used for determining the sequence of nucleotides in deoxyribonucleic acid (DNA) genomes. NGS studies the genetic variation in the samples of specific diseases or other biological phenomena. It is a cost-effective solution that enables the interrogation of multiple genes in a single sequencing run. As compared to traditional sequencing methods, NGS provides more accurate results with higher precision and speed. It also requires lower sample input, which facilitates research in personalized and genetic medicines, clinical diagnostics, and agriculture and animal studies.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Next-Generation Sequencing (NGS) Market Trends:
The increasing prevalence of chronic ailments and the widespread adoption of genome mapping programs to predict disease development are majorly driving the global NGS market growth. Additionally, rapid technological innovations in sequencers, such as the large-scale integration with cloud-computing systems for improved data management, are contributing to the market growth. The introduction of such products has prompted competitive players to invest in research and development (R&D) activities to develop efficient and portable NGS systems, which is further catalyzing the market growth. Moreover, rising expenditure in sequencing chemistry, molecular biology, and technical engineering is creating a positive outlook for the market. Looking forward, the market is expected to grow at a CAGR of 19.5% during 2022-2027.
Market Summary:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com