Global Next Generation Sequencing Market 2019-2023 | 19% CAGR Projection Over the Next Five Years | Technavio

Technavio has announced its latest market research report titled global next generation sequencing market 2019-2023. (Graphic: Business Wire)

LONDON--()--The global next generation sequencing market size is poised to grow by USD 5.67 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of over 19% during the forecast period.

Read the 152-page research report with TOC on "Next Generation Sequencing Market Analysis Report by product (consumables and equipment), and geography (EMEA, APAC, and the Americas) 2019 – 2023” at:

https://www.technavio.com/report/next-generation-sequencing-market-industry-analysis

The market is driven by growing demand for early diagnosis of genetic disorders. In addition, the availability of a wide range of NGS products is expected to further boost the growth of the next generation sequencing market.

The need to prevent physical disabilities and health conditions in newborns is increasing the demand for early diagnosis among expecting parents. Pre-implantation diagnostic tests facilitate the determination of genetic disorders, such as cystic fibrosis, congenital hearing loss, and thalassemia. Thus, parents are increasingly opting for preimplantation testing, which increases the adoption of NGS techniques. Sequencing technology allows for a simple PGS workflow with flexible sample throughput for consistent and quick aneuploidy detection. Thus, the growing demand for early diagnosis of genetic disorders will drive the growth of the next generation sequencing market during the forecast period.

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The market has witnessed the introduction of a wide range of products by vendors over the last few years. Vendors are offering products with improved features and specific manufacturing standards to create a mark in the market. Companies are introducing semiconductor-based NGS systems, that enable simple targeted sequencing workflows. These systems are simple to use and offer scalability and flexibility owing to its cartridge-based reagents. Such product offerings help in attracting prospective consumers, which will lead to increased sales, thereby driving market growth.

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The report includes detailed profiles of the leading companies & prominent vendors of the market:

  • Bio-Rad Laboratories Inc.
  • Eurofins GSC Lux Sarl
  • F. Hoffmann-La Roche Ltd.
  • Illumina Inc.
  • Invitae Corp.

Market Segmentation by Product:

The next generation sequencing market can be broadly categorized into the following segments:

  • Consumables
  • Equipment

Key Regions for the Next Generation Sequencing Market:

Featuring a breakdown of region-wise market shares until 2019.

  • North America
  • Europe
  • Asia
  • ROW

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global next generation sequencing market size is poised to grow by USD 5.67 billion during 2019-2023, according to a new report by Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com