1. Home
  2. News
  3. Global Next Gen Sequencing Market

Global Next Gen Sequencing Market is Projected to Reach $15.8 Billion by 2023

The Global Next Gen Sequencing market is poised to grow from $5.1 Billion in 2017 to $15.8 Billion by 2023 at a CAGR of 18.8% during the forecast period 2018 to 2023. Factors including decline in the sequencing cost and enhancements in the regulatory aspects are majorly influencing the growth of the next gen sequencing market.

The consumables segment dominated the market by product. This growth is pertained to their sheer usage and requirement throughout the preparation of the sample. Among the applications of next gen sequencing, the diagnostics segment is projected to witness a lucrative growth rate. The growing number of cancer cases around the world is attributable to the growth of this segment. Among the end users in the next gen sequencing market, the academics led the market in 2017 owing to favorable scenario for funding and rise in number of strategic collaborations.

North America dominated the market in 2017 and is expected to maintain its dominance throughout the forecast period. The increasing funding for research in North America has widely driven the growth of the market.

The key market players operating in the next gen sequencing market include Agilent Technologies., DNASTAR Inc., F. Hoffmann-La Roche Ltd., GATC Biotech AG., Illumina Inc., Macrogen Inc., Pacific Biosciences of California Inc., PerkinElmer Inc., Qiagen., and Thermo Fisher Scientific Inc.among others. These players adopt various strategies such as product launch, partnership, acquisition, and others to sustain in the market.

Key Takeaways of the Global Next Gen Sequencing Market:
•    The narrow diagnostics segment is estimated to garner the highest growth rate in the market during the forecast period 2018 to 2023.
•    The consumables segment led the next gen sequencing market in 2017.
•    The academics end user is projected to lead the next gen sequencing market.
•    North America region is estimated to lead the market in 2017 and is expected to maintain its dominance over the forecast period.

Enquiry About Report

More Information

Contact us
+91-9890799070
+1 321-441-4414
--- or ---
support@datananalysis.com

Testimonial

  • Linda Jacobson
    Director of Product Development

    Medical Devices manufacturing company at Canada

    I was looking for some elaborated details on blood bag got a reference from my colleague about them, and I was very much satisfied with the data on market segmentation and insights about global market, asked them if I can get it more customised hence they did elaborated it to huge 400 pages deep report in one week.Thanks guys will be back in future.

  • Mike Simmons
    Purchase Head

    Heavy machinery manufacturing company

    Did purchased a report from one of the vendor on Artificial Lift Market and I was depressed to see the very standard type of data included in the report, then again went back to hunt for something valuable and data driven report they asked me each and every details I want to see over the report and after a week of time got what I was looking for so not hesitant to refer back to them. Thanks victor for being prompt and professional.

  • Anna Stevenson
    Business Owner

    freelance software developer

    It’s been 8 years now I am developing and designing software as a freelance for various small and large scale organisations around globe and wanted to start my own software development consultancy firm, and I got hooked to their Mobile application market report and after a very thorough understanding of the report I have stepped my start-up into the customised mobile software market at Middle East, Africa and Asia Pacific.Thanks to Lee the Boss analyst  and victor for small discount.

  • Josh Bernard
    Owner, Designer, Artist

    Deals on customised automobile at USA

    I am one of the biggest enthusiast for custom jobs on cars, trucks and ships since childhood, so I own a custom automobile designing company and I was blown off to see beautiful custom paint work done on a Ford at one of the event and since that day I wanted to offer the same to my clients as well but I was not having too much of information on Electric paints, and fortunately I received message on LinkedIn from Data N Analysis team about their service, and now I am stuck  with three research report and contract signed for digital marketing as well. (Best of luck guys).

  • Neo Yang
    Chief Technical Officer

    Electronics Manufacturing company at Malaysia.

    Great team to have as a consultant, very sensible and professional service provided as per the scheduled timeline, what I like most about them is that they are straight forward with quality of service so if you are in hurry they will just say sorry we can’t compromise with our work. Look forward for more inputs guy’s thanks.

  • Follow us on:

© 2019 Data N Analysis. All Rights Reserved | Design by Data N Analysis