The global next generation sequencing market is growing significantly, at a CAGR of around 16.4% during the forecast period (2019-2025). Next generation sequencing, also known as high-throughput sequencing technology is used to produce multiple sequence reaction in a cost-effective and rapid manner. The advent of next generation sequencing has led various collaborative projects, such as the MetaHIT and HMP using next generation sequencing as a foundational tool. Next generation sequencing holds the ability to screen more samples effectively and enables the sequencing of millions of fragments in a single run. This, in turn, is contributing to the growth of the next generation sequencing market.
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There are various pivotal factors that are driving the global next generation sequencing market, which includes the continuous decrease in the cost of genetic sequencing and increasing demand for personalized medicine. As per the Personalized Medicine Coalition (PMC) 2017 report, around 42% of all compounds and around 73% of oncology compounds in the pipeline have the potential to be included in personalized medicines. Along with this, the integration of big data and substantial support from governmental bodies regarding large-scale sequencing are certain factors that are expected to offer growth opportunity to the market during the forecast period.

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Global Next Generation Sequencing Market Segmentation

By Product Type

Reagents and Kits

Instruments

Services

By Technology

Pyrosequencing

Sequencing by Synthesis (SBS)

Sequencing by Ligation (SBL)

Whole Genome Sequencing

RNA Sequencing

Targeted Resequencing

Others (Methyl Sequencing)

By Application

Drug Discovery

Genomic Research

Disease Diagnostics

Personalized Medicine

Others (Agricultural and Animal Research)

By End-User

Academic and Clinical Research Centers

Pharmaceutical and Biotechnology Companies

Contract Research Organizations (CRO)

Hospitals and Clinics

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

10x Genomics, Inc.

Agilent Technologies, Inc.

Agilent Technologies, Inc.

Becton, Dickinson and Co.

BGI Group

CD Genomics

CeGaT GmbH

Charles River Laboratories International, Inc.

F. Hoffmann-La Roche Ltd.

GENEWIZ

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