Next-Generation Sequencing Market

Next-Generation Sequencing Market Trends, Segment Analysis and Forecast Report 2024

The global next-generation sequencing market is growing significantly due to advances in next-generation technologies, increasing scientists and researchers’ compliance for next-generation sequencing, and low cost of next-generation sequencing methods compared to conventional sequencing methods in the industry. The unexplored next-generation sequencing market in emerging economies and increasing focus for the development of personalized medicine are creating opportunities for the global next-generation sequencing market to grow at a considerable rate in the coming years.

Based on applications, the next-generation sequencing market can be categorized as diagnostics, drug discovery, animal and agriculture research, personalized medicine, and others. End-users of next-generation sequencing include academic and research institutes, biopharmaceutical and biotechnology companies, hospitals, and others. Academic and research institutes lead the global next-generation sequencing market.

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Asia-Pacific is the fastest growing region in the global next-generation sequencing market. The major reasons for the fastest growth in the region are increasing healthcare expenditure, increasing genomics and proteomics related research activities and improving healthcare infrastructure. Moreover, the next-generation sequencing market is growing rapidly due to the government funding for research activities, and increasing number of academic and research institutes in emerging economies, such as India and China, of Asia-Pacific region.

Agilent Technologies, Inc., F. Hoffmann-La Roche AG, Biomatters, Ltd., GATC Biotech AG, Illumina, Inc., Thermo Fisher Scientific, Inc., Pacific Biosciences, Oxford Nanopore Technologies, Ltd, Macrogen, Inc. are some of the major players operating in the global next-generation sequencing market.

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