A decade has gone, since the first human genome has been sequenced and sequencing technology has come a long way from the time of introduction as Next generation Sequencing (NGS) has revolutionized the way the human genomes are being sequenced now a days. The time and cost to sequence has tremendously reduced since the first human genome was sequenced, which took a decade time and around $3 billion. But now a human genome can be sequenced at a cost of just $1,000 in one to two days. In the last five years the sequencing cost has rapidly reduced and this is supposed to have a huge impact on the NGS market in the coming years.
The global Next Generation Sequencing market is expected to grow at a double digit CAGR to reach $14,722.5 million by 2022. The NGS market is classified based on products, technology, end users, application and geography. The global NGS products are further divided into instruments, services and workflow products. The NGS technology is segmented into reversible terminator sequencing, ion semiconductor sequencing, sequencing by ligation, single molecule real time sequencing (SMRT), and others. The NGS application market is segmented in two different ways, one by sequencing process and the other by field of application. The NGS application market by type of sequencing process has been categorized into genomics, epigenomics, transriptomics, and others. By field of application, the market has been divided into diagnostics, drug discovery and development, biomarker discovery, agriculture and animal research, and others. The NGS market by end users is divided into academic research laboratories, hospitals and clinics, biotech and pharmaceuticals, and other end users, which include nonprofit organizations and commercial labs.
Further, the NGS market is separated by geographical regions into North America, Europe, Asia-pacific and Rest of the World.
1 EXECUTIVE SUMMARY 22
2 INTRODUCTION 33
2.1 KEY TAKE AWAYS 33
2.2 REPORT DESCRIPTION 33
2.3 MARKETS COVERED 34
2.4 STAKEHOLDERS 36
2.5 RESEARCH METHODOLOGY 37
2.5.1 MARKET SIZE ESTIMATION 38
2.5.2 MARKET CRACKDOWN AND DATA TRIANGULATION 41
2.5.3 SECONDARY SOURCES 42
2.5.4 PRIMARY SOURCES 42
2.5.5 KEY DATA POINTS FROM SECONDARY SOURCES 43
2.5.6 KEY DATA POINTS FROM PRIMARY SOURCES 43
2.5.7 ASSUMPTIONS 44
3 MARKET ANALYSIS 45
3.1 INTRODUCTION 45
3.2 MARKET SEGMENTATION 46
3.3 FACTORS INFLUENCING MARKET 48
3.3.1 DRIVERS AND OPPORTUNITIES 48
3.3.1.1 Reduced cost and high speed 48
3.3.1.2 Increased usage in clinical diagnosis 49
3.3.1.3 Switch to NGS from microarray technology 51
3.3.1.4 New & emerging applications of ngs technology 52
3.3.1.5 Growth of personalized medicine 53
3.3.1.6 Increased medical spending 53
3.3.2 RESTRAINTS AND THREATS 54
3.3.2.1 Complications in NGS data storage 54
3.3.2.2 Standardization of NGS for diagnostic application 55
3.3.2.3 Grants and funding for NGS infrastructure 56
3.3.2.4 Lack of skilled labor 56
3.3.2.5 Huge and complex NGS data interpretation 57
Summary: Get latest Market Research Reports on Next Generation Sequencing (NGS). Industry analysis & Market Report on Next Generation Sequencing (NGS) is a syndicated market report, published as Next Generation Sequencing (NGS) Global market - Forecast to 2022. It is complete Research Study and Industry Analysis of Next Generation Sequencing (NGS) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.