Global NGS Services Market Will Reach USD 2,921.4 Million by 2023: Meticulous Research®

Next Generation Sequencing (NGS) Services Market: Impact analysis of the key industry drivers, restraints, trends, and opportunities

London, United Kingdom - October 5, 2018 /MarketersMedia/ —

Global NGS services market has shown strong growth pattern in recent year’s majorly due plummeting cost of sequencing, need of skilled professionals for efficient NGS sample preparation and analysis, technological advancements in NGS services, increase in genome mapping programs, high cost of sequencing infrastructures are expected to boost the demand for NGS services across the globe. However, installation of in-house sequencing facilities in hospitals and universities for genome testing may obstruct the growth of NGS services to some extent.

Meticulous Research® in its latest publication on global NGS Services Market states that the global NGS services market will increase at a CAGR of 20.1% from 2018 to 2023 to reach USD 2,921.4 million by 2023. Wherein, geographically, North America commanded the largest share in this market followed by Europe. The major share of North America is primarily attributed to the increasing burden of chronic and infectious diseases, increasing R&D expenditure, and various government initiatives supporting genomics research.

Request Sample Report: https://www.meticulousresearch.com/request-sample-report/?cp_id=3875

The report provides meticulous analysis of global NGS services market by segmenting it on the basis of service type (targeted sequencing, rna sequencing, exome sequencing, de novo sequencing, chip-sequencing, whole genome sequencing, methyl sequencing, and other services),technology [sequencing by synthesis (sbs), ion semiconductor sequencing (ios), single molecule real time sequencing (smrt), nanopore sequencing, and true single molecule sequencing (tsms)], application (diagnostics, drug discovery, biomarker discovery, agriculture & animal research, and other applications), end user (academic& research institutes, pharmaceuticals & biotechnology industry, hospitals & clinics and other end users). Wherein, among service type, the targeted sequencing dominated in 2017 and is also estimated to continue its dominance over the forecast period. This dominance is primarily attributed to its ability that allows researchers to focus on the subset of genes or region; which reduces the time consumed for sequencing, the cost of sequencing and simplifies data analysis.

The key players analyzed in the global NGS Services Market report are Illumina, Inc. (U.S.), Qiagen N.V. (The Netherlands), PerkinElmer, Inc. (U.S.), Eurofins Scientific SE (Luxembourg), GATC Biotech AG (Germany), Macrogen, Inc. (South Korea), Genotypic Technology Pvt. Ltd. (India), GENEWIZ, Inc. (U.S.), Beijing Genomics Institute (BGI) (China), SciGenom Labs Pvt. Ltd. (India), MedGenome (India), DNA Link, Inc. (South Korea), Otogenetics Corporation (U.S.), Novogene Corporation (China), LGC Limited (U.K.), CD Genomics (U.S.), and SeqLL, LLC (U.S.).

Browse in-depth Report on https://www.meticulousresearch.com/product/next-generation-sequencing-ngs-services-market/

Key Topics Covered in This Report:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Share Analysis
5. Market Insights
6. Global NGS Services Market, By Service Type
7. Global NGS Services Market, By Technology
8. Global NGS Services Market, By Application
9. Global NGS Services Market, By End User
10. Geographic Analysis
11. Competitive Landscape
12. Company Profiles
13. Appendix.

Enquire before buying: https://www.meticulousresearch.com/enquire-before-buying/?cp_id=3875

About Meticulous Research®

Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicated market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Meticulous Research® produces global reports and custom studies for North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa regions. These reports are used by our clients for marketing and strategic planning in various sectors.

Contact Info:
Name: Viren Shrivastava
Email: [email protected]
Organization: Meticulous Market Research Pvt. Ltd.
Address: Wembley, Middlesex- HA0 4JH, U.K.
Phone: +1-646-781-8004

Source URL: https://marketersmedia.com/global-ngs-services-market-will-reach-usd-29214-million-by-2023-meticulous-research/418179

For more information, please visit https://www.meticulousresearch.com/product/next-generation-sequencing-ngs-services-market/

Source: MarketersMedia

Release ID: 418179