DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Next Generation Sequencers Market - Opportunities and Forecasts, 2014 - 2022" report to their offering.
Next generation sequencers are used in sequencing technologies which can process millions of reactions in a massive parallel fashion, unlike older methods which were limited to a single or few DNA strands. This technology allows the rapid sequencing of millions of base pairs of DNA spanning entire genomes. The launch of new generation sequencers has opened up various markets, especially in the field of research, diagnostics and personalized medicine.
The major drivers for this market are the need for constant developments with the aim of achieving an increased accuracy at a lower cost. The increasing applications for this technology, its potential as a replacement for microarray technology, decreasing costs and faster turnaround time are other factors driving this market.
However, a decrease in expenditure by academic institutes, dependency of researchers on grants, issues with accuracy, standardization and interpretation of complex data are the impediments to the growth of this market. The opportunities for this market are tremendous, with a wide range of applications in various fields of biological research, drug discovery, diagnostics and personalized medicine. Also, developments in processing such as pre-sequencing cloud computing bioinformatic solution present other areas of growth for this market
Next Generation Sequencers Market by end users is segmented into Research Institutes, Academic and Government Institutions, Hospitals & Clinics, and Pharmaceutical and biotechnology Companies. Currently, Research Institutes and Academic & Government Institutions are the major end users in this market, as this market is primarily research driven. However, hospitals and clinics would be emerging users with the advent of low cost, faster and more efficient next generation sequencers. The demand for personalized medicine is likely to spur the use of next generation sequencers in hospitals and clinics.
For more information about this report visit http://www.researchandmarkets.com/research/jr6m9q/world_next