1 of 5
FEATURED COMPANIES
- Agilent Technologies
- Illumina Inc.
- QIAGEN
- MORE
Next Generation Sequencing Global Market Opportunities and Strategies 2020-30: COVID-19 Impact and Recovery provides the strategists, marketers and senior management with the critical information they need to assess the global next generation sequencing market.
Reasons to Purchase
Where is the largest and fastest growing market for the next generation sequencing market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global next generation sequencing market opportunities and strategies to 2030 report answers all these questions and many more.
The report covers the following chapters
Countries: China, Japan, India, Australia, Indonesia, South Korea, USA, Brazil, UK, Germany, France, Russia
Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Outperform competitors using accurate up to date demand-side dynamics information.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Identify growth segments for investment.
- Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
- Create regional and country strategies on the basis of local data and analysis.
- Stay abreast of the latest customer and market research findings
- Benchmark performance against key competitors.
- Develop strategies based on likely future developments.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
- Gain a global perspective on the development of the market.
Where is the largest and fastest growing market for the next generation sequencing market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global next generation sequencing market opportunities and strategies to 2030 report answers all these questions and many more.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives brief introduction about segmentation by geography, segmentation by game type, and by device.
- Market Characteristics - The market characteristics section of the report defines and explains the next generation sequencing market. This chapter includes different goods covered in the report and basic definitions.
- Trends and Strategies - This chapter describes the major trends shaping the global next generation sequencing market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- COVID Impact Analysis - This section provides an insight on how the pandemic is impacting the next generation sequencing market.
- Global Market Size and Growth - This section contains the global historic (2015-2019) and forecast (2019-2023, 2023-2025 and 2025-2030) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values and growth and market share comparison by region.
- Market Segmentation - This section contains the market values (2015-2029, 2023, 2025 and 2030) and analysis for different segments and sub-segments in the market.
- Regional Market Size and Growth - This section contains the region’s market size (2019), historic and forecast (2015-2030) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
- Competitive Landscape - This section covers details on the competitive landscape of the global next generation sequencing market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies- This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions and Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for next generation sequencing providers in terms of product offerings, geographic expansion, price offerings, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
- By Product Type: Instruments; Kits and Consumables; Software
- By Application: Diagnostics; Drug Discovery; Others
- By Technology: Sequencing By Synthesis; Ion Semiconductor Sequencing; Single-Molecule Real-Time Sequencing; Nanopore Sequencing; Others
Countries: China, Japan, India, Australia, Indonesia, South Korea, USA, Brazil, UK, Germany, France, Russia
Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Note: Product cover images may vary from those shown
2 of 5
FEATURED COMPANIES
- Agilent Technologies
- Illumina Inc.
- QIAGEN
- MORE
1. Next Generation Sequencing Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
6.1. Segmentation by Geography
6.2. Segmentation by Product
6.3. Segmentation by Application
6.4. Segmentation by Technology
7. Next Generation Sequencing Market Characteristics
7.1. Market Definition
7.2. Market Segmentation by Product
7.2.1. Instruments
7.2.2. Reagents and Kits
7.2.3. Software
7.3. Market Segmentation by Application
7.3.1. Diagnostics
7.3.2. Drug Discovery
7.3.3. Others
7.4. Market Segmentation by Technology
7.4.1. Sequencing by Synthesis
7.4.2. Ion Semiconductor Sequencing
7.4.3. Single-Molecule Real-Time Sequencing
7.4.4. Nanopore Sequencing
7.4.5. Other Sequencing Technologies
8. Next Generation Sequencing Market Trends and Strategies
8.1. Artificial Intelligence With NGS
8.2. Increased Demand For NGS in Studying Rare Diseases
8.3. Next Generation Sequencing For Newborn Screening
8.4. Growing Adoption of Big Data
9. COVID-19 Impact on Next Generation Sequencing Market
9.1. Using NGS in COVID-19 Research
9.2. NGS Market Leader Illumina’s Involvement During The Pandemic
10. Global Next Generation Sequencing Market Size and Growth
10.1. Market Size
10.2. Historic Market Growth, 2015-2019, Value ($ Million)
10.2.1. Drivers of The Market 2015-2019
10.2.2. Restraints On The Market 2015-2019
10.3. Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
10.3.1. Drivers of The Market 2019-2023
10.3.2. Restraints On The Market 2019-2023
11. Next Generation Sequencing Market, Regional Analysis
11.1. Global Next Generation Sequencing Market, by Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
11.2. Global Next Generation Sequencing Market, by Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
12. Global Next Generation Sequencing Market Segmentation
12.1. Global Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
12.1.1. Kits and Consumables
12.1.2. Software
12.1.3. Instruments
12.2. Global Next Generation Sequencing Market, Segmentation by Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
12.2.1. Ion Semiconductor Sequencing
12.2.2. Sequencing by Synthesis
12.2.3. Single-molecule Real-time Sequencing
12.2.4. Other Sequencing Technologies
12.2.5. Nanopore Sequencing
12.3. Global Next Generation Sequencing Market, Segmentation by Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
12.3.1. Drug Discovery
12.3.2. Diagnostics
12.3.3. Other Applications
13. Asia-Pacific Next Generation Sequencing Market
13.1. Asia-Pacific Next Generation Sequencing Market Overview
13.1.1. Region Information
13.1.2. Impact of COVID-19
13.1.3. Market Information
13.1.4. Background Information
13.1.5. Government Initiatives
13.1.6. Regulations
13.1.7. Regulatory Bodies
13.1.8. Major Associations
13.1.9. Corporate Tax Structure
13.1.10. Investments
13.1.11. Major Companies
13.2. Asia-Pacific Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.3. Asia-Pacific Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.4. Asia-Pacific Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
13.5. Asia-Pacific Next Generation Sequencing Market: Country Analysis
13.6. China Next Generation Sequencing Market
13.7. China Next Generation Sequencing Market Overview
13.7.1. Country Information
13.7.2. Impact of COVID-19
13.7.3. Market Information
13.7.4. Background Information
13.7.5. Government Initiatives
13.7.6. Regulations
13.7.7. Regulatory Bodies
13.7.8. Major Associations
13.7.9. Corporate Tax Structure
13.7.10. Investments
13.7.11. Major Companies
13.8. China Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.9. China Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.10. China Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
13.11. India Next Generation Sequencing Market
13.12. India Next Generation Sequencing Market Overview
13.12.1. Country Information
13.12.2. Impact of COVID-19
13.12.3. Market Information
13.12.4. Background Information
13.12.5. Government Initiatives
13.12.6. Regulations
13.12.7. Regulatory Bodies
13.12.8. Major Associations
13.12.9. Corporate Tax Structure
13.12.10. Investments
13.12.11. Major Companies
13.13. India Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.14. India Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.15. India Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
13.16. Japan Next Generation Sequencing Market
13.17. Japan Next Generation Sequencing Market Overview
13.17.1. Country Information
13.17.2. Impact of COVID-19
13.17.3. Market Information
13.17.4. Background Information
13.17.5. Government Initiatives
13.17.6. Regulations
13.17.7. Regulatory Bodies
13.17.8. Major Associations
13.17.9. Corporate Tax Structure
13.17.10. Investments
13.17.11. Major Companies
13.18. Japan Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.19. Japan Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.20. Japan Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
13.21. Australia Next Generation Sequencing Market
13.22. Australia Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.23. Australia Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.24. Australia Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
13.25. Indonesia Next Generation Sequencing Market
13.26. Indonesia Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.27. Indonesia Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.28. Indonesia Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
13.29. South Korea Next Generation Sequencing Market
13.30. South Korea Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.31. South Korea Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.32. South Korea Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
14. Western Europe Next Generation Sequencing Market
14.1. Western Europe Next Generation Sequencing Market Overview
14.1.1. Region Information
14.1.2. Impact of COVID-19
14.1.3. Market Information
14.1.4. Background Information
14.1.5. Government Initiatives
14.1.6. Regulations
14.1.7. Regulatory Bodies
14.1.8. Major Associations
14.1.9. Taxes Levied
14.1.10. Corporate Tax Structure
14.1.11. Investments
14.1.12. Major Companies
14.2. Western Europe Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
14.3. Western Europe Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
14.4. Western Europe Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
14.5. Western Europe Next Generation Sequencing Market: Country Analysis
14.6. UK Next Generation Sequencing Market
14.7. UK Next Generation Sequencing Market Overview
14.7.1. Country Information
14.7.2. Impact of COVID-19
14.7.3. Market Information
14.7.4. Background Information
14.7.5. Government Initiatives
14.7.6. Regulations
14.7.7. Regulatory Bodies
14.7.8. Major Associations
14.7.9. Taxes Levied
14.7.10. Corporate Tax Structure
14.7.11. Investments
14.7.12. Major Companies
14.8. UK Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
14.9. UK Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
14.10. UK Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
14.11. Germany Next Generation Sequencing Market
14.12. Germany Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
14.13. Germany Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
14.14. Germany Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
14.15. France Next Generation Sequencing Market
14.16. France Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
14.17. France Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
14.18. France Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
15. Eastern Europe Next Generation Sequencing Market
15.1. Eastern Europe Next Generation Sequencing Market Overview
15.1.1. Region Information
15.1.2. Impact of COVID-19
15.1.3. Market Information
15.1.4. Background Information
15.1.5. Government Initiatives
15.1.6. Regulations
15.1.7. Regulatory Bodies
15.1.8. Major Associations
15.1.9. Taxes Levied
15.1.10. Corporate Tax Structure
15.1.11. Investments
15.1.12. Major Companies
15.2. Eastern Europe Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
15.3. Eastern Europe Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
15.4. Eastern Europe Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
15.5. Eastern Europe Next Generation Sequencing Market: Country Analysis
15.6. Russia Next Generation Sequencing Market
15.7. Russia Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
15.8. Russia Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
15.9. Russia Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
16. North America Next Generation Sequencing Market
16.1. North America Next Generation Sequencing Market Overview
16.1.1. Region Information
16.1.2. Impact of COVID-19
16.1.3. Market Information
16.1.4. Background Information
16.1.5. Government Initiatives
16.1.6. Regulations
16.1.7. Regulatory Bodies
16.1.8. Major Associations
16.1.9. Taxes Levied
16.1.10. Corporate Tax Structure
16.1.11. Investments
16.1.12. Major Companies
16.2. North America Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
16.3. North America Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
16.4. North America Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
16.5. North America Next Generation Sequencing Market: Country Analysis
16.6. USA Next Generation Sequencing Market
16.7. USA Next Generation Sequencing Market Overview
16.7.1. Country Information
16.7.2. Impact of COVID-19
16.7.3. Market Information
16.7.4. Background Information
16.7.5. Government Initiatives
16.7.6. Regulations
16.7.7. Regulatory Bodies
16.7.8. Major Associations
16.7.9. Taxes Levied
16.7.10. Corporate Tax Structure
16.7.11. Investments
16.7.12. Major Companies
16.8. USA Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
16.9. USA Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
16.10. USA Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
17. South America Next Generation Sequencing Market
17.1. South America Next Generation Sequencing Market Overview
17.1.1. Region Information
17.1.2. Impact of COVID-19
17.1.3. Market Information
17.1.4. Background Information
17.1.5. Government Initiatives
17.1.6. Regulations
17.1.7. Regulatory Bodies
17.1.8. Major Associations
17.1.9. Taxes Levied
17.1.10. Corporate Tax Structure
17.1.11. Major Companies
17.2. South America Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
17.3. South America Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
17.4. South America Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
17.5. South America Next Generation Sequencing Market: Country Analysis
17.6. Brazil Next Generation Sequencing Market
17.7. Brazil Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
17.8. Brazil Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
17.9. Brazil Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
18. Middle East Next Generation Sequencing Market
18.1. Middle East Next Generation Sequencing Market Overview
18.1.1. Region Information
18.1.2. Impact of COVID-19
18.1.3. Market Information
18.1.4. Background Information
18.1.5. Government Initiatives
18.1.6. Regulatory Bodies
18.1.7. Taxes Levied
18.1.8. Corporate Tax Structure
18.1.9. Major Companies
18.2. Middle East Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
18.3. Middle East Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
18.4. Middle East Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
19. Africa Next Generation Sequencing Market
19.1. Africa Next Generation Sequencing Market Overview
19.1.1. Region Information
19.1.2. Impact of COVID-19
19.1.3. Market Information
19.1.4. Background Information
19.1.5. Government Initiatives
19.1.6. Regulations
19.1.7. Investments
19.1.8. Regulatory Bodies
19.1.9. Major Associations
19.1.10. Taxes Levied
19.1.11. Corporate Tax Structure
19.1.12. Major Companies
19.2. Africa Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
19.3. Africa Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
19.4. Africa Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
20. Global Next Generation Sequencing Market Competitive Landscape
20.1. Company Profiles
20.2. Illumina, Inc.
20.2.1. Company Overview
20.2.2. Products and Services
20.2.3. Business Strategy
20.2.4. Financial Overview
20.3. Thermo Fisher Scientific Inc.
20.3.1. Company Overview
20.3.2. Products and Services
20.3.3. Business Strategy
20.3.4. Financial Overview
20.4. QIAGEN
20.4.1. Company Overview
20.4.2. Products and Services
20.4.3. Business Strategy
20.4.4. Financial Overview
20.5. Agilent Technologies, Inc.
20.5.1. Company Overview
20.5.2. Products and Services
20.5.3. Business Strategy
20.5.4. Financial Overview
20.6. Pacific Biosciences of California Inc.
20.6.1. Company Overview
20.6.2. Products and Services
20.6.3. Business Strategy
20.6.4. Financial Overview
21. Key Mergers and Acquisitions in The Next Generation Sequencing Market
21.1. Illumina Acquired BlueBee
21.2. Qiagen Partnered With Illumina
21.3. Agilent Acquired Population Genetics Technologies
21.4. Bio-Rad Acquired RainDance Technologies
22. Next Generation Sequencing Market Opportunities and Strategies
22.1. Global Next Generation Sequencing Market in 2023 - Countries Offering Most New Opportunities
22.2. Global Next Generation Sequencing Market in 2023 - Segments Offering Most New Opportunities
22.3. Global Next Generation Sequencing Market in 2023 - Growth Strategies
22.3.1. Market Trend Based Strategies
22.3.2. Competitor Strategies
23. Next Generation Sequencing Market, Conclusions and Recommendations
23.1. Conclusions
23.2. Recommendations
23.2.1. Product
23.2.2. Place
23.2.3. Price
23.2.4. Promotion
24. Appendix
24.1. Market Data Sources
24.2. Research Methodology
24.3. Currencies
24.4. Research Inquiries
24.5. About the Publisher
24.6. Copyright and Disclaimer
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
6.1. Segmentation by Geography
6.2. Segmentation by Product
6.3. Segmentation by Application
6.4. Segmentation by Technology
7. Next Generation Sequencing Market Characteristics
7.1. Market Definition
7.2. Market Segmentation by Product
7.2.1. Instruments
7.2.2. Reagents and Kits
7.2.3. Software
7.3. Market Segmentation by Application
7.3.1. Diagnostics
7.3.2. Drug Discovery
7.3.3. Others
7.4. Market Segmentation by Technology
7.4.1. Sequencing by Synthesis
7.4.2. Ion Semiconductor Sequencing
7.4.3. Single-Molecule Real-Time Sequencing
7.4.4. Nanopore Sequencing
7.4.5. Other Sequencing Technologies
8. Next Generation Sequencing Market Trends and Strategies
8.1. Artificial Intelligence With NGS
8.2. Increased Demand For NGS in Studying Rare Diseases
8.3. Next Generation Sequencing For Newborn Screening
8.4. Growing Adoption of Big Data
9. COVID-19 Impact on Next Generation Sequencing Market
9.1. Using NGS in COVID-19 Research
9.2. NGS Market Leader Illumina’s Involvement During The Pandemic
10. Global Next Generation Sequencing Market Size and Growth
10.1. Market Size
10.2. Historic Market Growth, 2015-2019, Value ($ Million)
10.2.1. Drivers of The Market 2015-2019
10.2.2. Restraints On The Market 2015-2019
10.3. Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
10.3.1. Drivers of The Market 2019-2023
10.3.2. Restraints On The Market 2019-2023
11. Next Generation Sequencing Market, Regional Analysis
11.1. Global Next Generation Sequencing Market, by Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
11.2. Global Next Generation Sequencing Market, by Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
12. Global Next Generation Sequencing Market Segmentation
12.1. Global Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
12.1.1. Kits and Consumables
12.1.2. Software
12.1.3. Instruments
12.2. Global Next Generation Sequencing Market, Segmentation by Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
12.2.1. Ion Semiconductor Sequencing
12.2.2. Sequencing by Synthesis
12.2.3. Single-molecule Real-time Sequencing
12.2.4. Other Sequencing Technologies
12.2.5. Nanopore Sequencing
12.3. Global Next Generation Sequencing Market, Segmentation by Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
12.3.1. Drug Discovery
12.3.2. Diagnostics
12.3.3. Other Applications
13. Asia-Pacific Next Generation Sequencing Market
13.1. Asia-Pacific Next Generation Sequencing Market Overview
13.1.1. Region Information
13.1.2. Impact of COVID-19
13.1.3. Market Information
13.1.4. Background Information
13.1.5. Government Initiatives
13.1.6. Regulations
13.1.7. Regulatory Bodies
13.1.8. Major Associations
13.1.9. Corporate Tax Structure
13.1.10. Investments
13.1.11. Major Companies
13.2. Asia-Pacific Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.3. Asia-Pacific Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.4. Asia-Pacific Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
13.5. Asia-Pacific Next Generation Sequencing Market: Country Analysis
13.6. China Next Generation Sequencing Market
13.7. China Next Generation Sequencing Market Overview
13.7.1. Country Information
13.7.2. Impact of COVID-19
13.7.3. Market Information
13.7.4. Background Information
13.7.5. Government Initiatives
13.7.6. Regulations
13.7.7. Regulatory Bodies
13.7.8. Major Associations
13.7.9. Corporate Tax Structure
13.7.10. Investments
13.7.11. Major Companies
13.8. China Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.9. China Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.10. China Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
13.11. India Next Generation Sequencing Market
13.12. India Next Generation Sequencing Market Overview
13.12.1. Country Information
13.12.2. Impact of COVID-19
13.12.3. Market Information
13.12.4. Background Information
13.12.5. Government Initiatives
13.12.6. Regulations
13.12.7. Regulatory Bodies
13.12.8. Major Associations
13.12.9. Corporate Tax Structure
13.12.10. Investments
13.12.11. Major Companies
13.13. India Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.14. India Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.15. India Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
13.16. Japan Next Generation Sequencing Market
13.17. Japan Next Generation Sequencing Market Overview
13.17.1. Country Information
13.17.2. Impact of COVID-19
13.17.3. Market Information
13.17.4. Background Information
13.17.5. Government Initiatives
13.17.6. Regulations
13.17.7. Regulatory Bodies
13.17.8. Major Associations
13.17.9. Corporate Tax Structure
13.17.10. Investments
13.17.11. Major Companies
13.18. Japan Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.19. Japan Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.20. Japan Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
13.21. Australia Next Generation Sequencing Market
13.22. Australia Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.23. Australia Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.24. Australia Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
13.25. Indonesia Next Generation Sequencing Market
13.26. Indonesia Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.27. Indonesia Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.28. Indonesia Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
13.29. South Korea Next Generation Sequencing Market
13.30. South Korea Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
13.31. South Korea Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
13.32. South Korea Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
14. Western Europe Next Generation Sequencing Market
14.1. Western Europe Next Generation Sequencing Market Overview
14.1.1. Region Information
14.1.2. Impact of COVID-19
14.1.3. Market Information
14.1.4. Background Information
14.1.5. Government Initiatives
14.1.6. Regulations
14.1.7. Regulatory Bodies
14.1.8. Major Associations
14.1.9. Taxes Levied
14.1.10. Corporate Tax Structure
14.1.11. Investments
14.1.12. Major Companies
14.2. Western Europe Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
14.3. Western Europe Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
14.4. Western Europe Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
14.5. Western Europe Next Generation Sequencing Market: Country Analysis
14.6. UK Next Generation Sequencing Market
14.7. UK Next Generation Sequencing Market Overview
14.7.1. Country Information
14.7.2. Impact of COVID-19
14.7.3. Market Information
14.7.4. Background Information
14.7.5. Government Initiatives
14.7.6. Regulations
14.7.7. Regulatory Bodies
14.7.8. Major Associations
14.7.9. Taxes Levied
14.7.10. Corporate Tax Structure
14.7.11. Investments
14.7.12. Major Companies
14.8. UK Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
14.9. UK Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
14.10. UK Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
14.11. Germany Next Generation Sequencing Market
14.12. Germany Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
14.13. Germany Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
14.14. Germany Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
14.15. France Next Generation Sequencing Market
14.16. France Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
14.17. France Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
14.18. France Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
15. Eastern Europe Next Generation Sequencing Market
15.1. Eastern Europe Next Generation Sequencing Market Overview
15.1.1. Region Information
15.1.2. Impact of COVID-19
15.1.3. Market Information
15.1.4. Background Information
15.1.5. Government Initiatives
15.1.6. Regulations
15.1.7. Regulatory Bodies
15.1.8. Major Associations
15.1.9. Taxes Levied
15.1.10. Corporate Tax Structure
15.1.11. Investments
15.1.12. Major Companies
15.2. Eastern Europe Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
15.3. Eastern Europe Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
15.4. Eastern Europe Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
15.5. Eastern Europe Next Generation Sequencing Market: Country Analysis
15.6. Russia Next Generation Sequencing Market
15.7. Russia Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
15.8. Russia Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
15.9. Russia Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
16. North America Next Generation Sequencing Market
16.1. North America Next Generation Sequencing Market Overview
16.1.1. Region Information
16.1.2. Impact of COVID-19
16.1.3. Market Information
16.1.4. Background Information
16.1.5. Government Initiatives
16.1.6. Regulations
16.1.7. Regulatory Bodies
16.1.8. Major Associations
16.1.9. Taxes Levied
16.1.10. Corporate Tax Structure
16.1.11. Investments
16.1.12. Major Companies
16.2. North America Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
16.3. North America Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
16.4. North America Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
16.5. North America Next Generation Sequencing Market: Country Analysis
16.6. USA Next Generation Sequencing Market
16.7. USA Next Generation Sequencing Market Overview
16.7.1. Country Information
16.7.2. Impact of COVID-19
16.7.3. Market Information
16.7.4. Background Information
16.7.5. Government Initiatives
16.7.6. Regulations
16.7.7. Regulatory Bodies
16.7.8. Major Associations
16.7.9. Taxes Levied
16.7.10. Corporate Tax Structure
16.7.11. Investments
16.7.12. Major Companies
16.8. USA Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
16.9. USA Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
16.10. USA Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
17. South America Next Generation Sequencing Market
17.1. South America Next Generation Sequencing Market Overview
17.1.1. Region Information
17.1.2. Impact of COVID-19
17.1.3. Market Information
17.1.4. Background Information
17.1.5. Government Initiatives
17.1.6. Regulations
17.1.7. Regulatory Bodies
17.1.8. Major Associations
17.1.9. Taxes Levied
17.1.10. Corporate Tax Structure
17.1.11. Major Companies
17.2. South America Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
17.3. South America Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
17.4. South America Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
17.5. South America Next Generation Sequencing Market: Country Analysis
17.6. Brazil Next Generation Sequencing Market
17.7. Brazil Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
17.8. Brazil Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
17.9. Brazil Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
18. Middle East Next Generation Sequencing Market
18.1. Middle East Next Generation Sequencing Market Overview
18.1.1. Region Information
18.1.2. Impact of COVID-19
18.1.3. Market Information
18.1.4. Background Information
18.1.5. Government Initiatives
18.1.6. Regulatory Bodies
18.1.7. Taxes Levied
18.1.8. Corporate Tax Structure
18.1.9. Major Companies
18.2. Middle East Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
18.3. Middle East Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
18.4. Middle East Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
19. Africa Next Generation Sequencing Market
19.1. Africa Next Generation Sequencing Market Overview
19.1.1. Region Information
19.1.2. Impact of COVID-19
19.1.3. Market Information
19.1.4. Background Information
19.1.5. Government Initiatives
19.1.6. Regulations
19.1.7. Investments
19.1.8. Regulatory Bodies
19.1.9. Major Associations
19.1.10. Taxes Levied
19.1.11. Corporate Tax Structure
19.1.12. Major Companies
19.2. Africa Next Generation Sequencing Market, Historic Market Growth, 2015-2019, Value ($ Million)
19.3. Africa Next Generation Sequencing Market, Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
19.4. Africa Next Generation Sequencing Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
20. Global Next Generation Sequencing Market Competitive Landscape
20.1. Company Profiles
20.2. Illumina, Inc.
20.2.1. Company Overview
20.2.2. Products and Services
20.2.3. Business Strategy
20.2.4. Financial Overview
20.3. Thermo Fisher Scientific Inc.
20.3.1. Company Overview
20.3.2. Products and Services
20.3.3. Business Strategy
20.3.4. Financial Overview
20.4. QIAGEN
20.4.1. Company Overview
20.4.2. Products and Services
20.4.3. Business Strategy
20.4.4. Financial Overview
20.5. Agilent Technologies, Inc.
20.5.1. Company Overview
20.5.2. Products and Services
20.5.3. Business Strategy
20.5.4. Financial Overview
20.6. Pacific Biosciences of California Inc.
20.6.1. Company Overview
20.6.2. Products and Services
20.6.3. Business Strategy
20.6.4. Financial Overview
21. Key Mergers and Acquisitions in The Next Generation Sequencing Market
21.1. Illumina Acquired BlueBee
21.2. Qiagen Partnered With Illumina
21.3. Agilent Acquired Population Genetics Technologies
21.4. Bio-Rad Acquired RainDance Technologies
22. Next Generation Sequencing Market Opportunities and Strategies
22.1. Global Next Generation Sequencing Market in 2023 - Countries Offering Most New Opportunities
22.2. Global Next Generation Sequencing Market in 2023 - Segments Offering Most New Opportunities
22.3. Global Next Generation Sequencing Market in 2023 - Growth Strategies
22.3.1. Market Trend Based Strategies
22.3.2. Competitor Strategies
23. Next Generation Sequencing Market, Conclusions and Recommendations
23.1. Conclusions
23.2. Recommendations
23.2.1. Product
23.2.2. Place
23.2.3. Price
23.2.4. Promotion
24. Appendix
24.1. Market Data Sources
24.2. Research Methodology
24.3. Currencies
24.4. Research Inquiries
24.5. About the Publisher
24.6. Copyright and Disclaimer
Note: Product cover images may vary from those shown
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FEATURED COMPANIES
- Agilent Technologies
- Illumina Inc.
- QIAGEN
- MORE
The next generation sequencing market consists of sales of devices and equipment used in next generation sequencing and related services by entities (organizations, sole traders and partnerships) that manufacture next generation sequencing equipment. Next-generation sequencing (NGS) is an advanced sequencing technology that allows DNA and RNA to be sequenced much faster and more cost effectively than traditionally used sequencing, such as Sanger sequencing.
The global next generation sequencing market reached a value of nearly $6,678.3 million in 2019, having increased at a compound annual growth rate (CAGR) of 11.0% since 2015. The market is expected to grow from $6,678.3 million in 2019 to $12,612.1 million in 2023 at a rate of 17.2%. The growth is mainly due to the growing number of chronic diseases and government initiatives. The market is expected to grow from $12,612.1 million in 2023 to $17,763.7 million in 2025 at a CAGR of 18.7%. The market is expected to grow and reach $40,309.1 million in 2030 at a CAGR of 17.81%.
Growth in the historic period resulted from rise in funding, increased healthcare expenditure, emerging markets growth, rapid technological advances and rapid growth in elderly population. This growth was restricted by regulatory and data storage challenges.
Going forward, aging population, increase in healthcare access, rising prevalence of chronic diseases and increasing demand for next generation sequencing due to COVID-19 are expected to drive the market. Ethical concerns related to genomic study and high costs of tests are major factors that could hinder the growth of the next generation sequencing market in the future.
The next generation sequencing market is segmented by product type into instruments, kits and consumables and software. The kits and consumables was the largest segment of the next generation sequencing market segmented by product, accounting for 65.3% of the total market in 2019. Going forward, software is expected to be the fastest growing segment in the next generation sequencing market segmented by product type, at a CAGR of 23.9% during 2019-2023.
The next generation sequencing market is also segmented by application into diagnostics, drug discovery and others. The drug discovery was the largest segment of the next generation sequencing market segmented by application, accounting for 53.5% of the total market in 2019. Going forward, the other applications segment is expected to be the fastest growing segment in the next generation sequencing market segmented by application, at a CAGR of 15.5% during 2019-2023.
The next generation sequencing market is also segmented by technology into sequencing by synthesis, ion semiconductor sequencing, single-molecule real-time sequencing, nanopore sequencing and others. The ion semiconductor sequencing was the largest segment of the next generation sequencing market segmented by technology, accounting for 75.8% of the total market in 2019. Going forward, the nanopore sequencing segment is expected to be the fastest growing segment in the next generation sequencing market segmented by technology, at a CAGR of 23.0% during 2019-2023.
North America was the largest region in the global next generation sequencing market, accounting for 34.7% of the total in 2019. It was followed by the Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the next generation sequencing market will be Eastern Europe and Asia Pacific, where growth will be at CAGRs of 21.6% and 20.1% respectively during 2019-2023. These will be followed by Africa and Middle East, where the markets are expected to register CAGRs of 17.6% and 17.2% respectively during 2019-2023.
The next generation sequencing market is fragmented, with a large number of small players in the market. The top ten competitors in the market made up to 49.8% of the total market in 2019. Major players in the market include Illumina Inc., Thermo Fisher Scientific Inc., Agilent Technologies, Pacific Biosciences of California Inc., and QIAGEN.
The top opportunities in the next generation sequencing market segmented by product will arise in the kits and consumables segment, which will gain $3,731.2 million of global annual sales by 2023. The top opportunities in the next generation sequencing market segmented by application will arise in the drug discovery segment, which will gain $2,826.1 million of global annual sales by 2023. The top opportunities in the next generation sequencing market segmented by technology will arise in the ion semiconductor sequencing segment, which will gain $4,563.7 million of global annual sales by 2023 The next generation sequencing market size will gain the most in the USA at $1,671.3 million. Market-trend-based strategies for the next generation sequencing market includes focusing on using artificial intelligence to reduce costs and time, studying rare diseases in a cost-effective manner to maintain a competitive edge over other technologies, offering NGS technologies for newborn screening and adopting big data technologies to analyze large genomic data. Player-adopted strategies in the next generation sequencing market include investing in expanding operations through innovative product launches, and in acquisitions and mergers to strengthen their service offerings.
To take advantage of the opportunities, the publisher recommends the next generation sequencing companies to focus on Artificial Intelligence, invest in big data, expand in emerging markets, focus on premium pricing, and focus on increasing awareness of the benefits of next generation sequencing.
The global next generation sequencing market reached a value of nearly $6,678.3 million in 2019, having increased at a compound annual growth rate (CAGR) of 11.0% since 2015. The market is expected to grow from $6,678.3 million in 2019 to $12,612.1 million in 2023 at a rate of 17.2%. The growth is mainly due to the growing number of chronic diseases and government initiatives. The market is expected to grow from $12,612.1 million in 2023 to $17,763.7 million in 2025 at a CAGR of 18.7%. The market is expected to grow and reach $40,309.1 million in 2030 at a CAGR of 17.81%.
Growth in the historic period resulted from rise in funding, increased healthcare expenditure, emerging markets growth, rapid technological advances and rapid growth in elderly population. This growth was restricted by regulatory and data storage challenges.
Going forward, aging population, increase in healthcare access, rising prevalence of chronic diseases and increasing demand for next generation sequencing due to COVID-19 are expected to drive the market. Ethical concerns related to genomic study and high costs of tests are major factors that could hinder the growth of the next generation sequencing market in the future.
The next generation sequencing market is segmented by product type into instruments, kits and consumables and software. The kits and consumables was the largest segment of the next generation sequencing market segmented by product, accounting for 65.3% of the total market in 2019. Going forward, software is expected to be the fastest growing segment in the next generation sequencing market segmented by product type, at a CAGR of 23.9% during 2019-2023.
The next generation sequencing market is also segmented by application into diagnostics, drug discovery and others. The drug discovery was the largest segment of the next generation sequencing market segmented by application, accounting for 53.5% of the total market in 2019. Going forward, the other applications segment is expected to be the fastest growing segment in the next generation sequencing market segmented by application, at a CAGR of 15.5% during 2019-2023.
The next generation sequencing market is also segmented by technology into sequencing by synthesis, ion semiconductor sequencing, single-molecule real-time sequencing, nanopore sequencing and others. The ion semiconductor sequencing was the largest segment of the next generation sequencing market segmented by technology, accounting for 75.8% of the total market in 2019. Going forward, the nanopore sequencing segment is expected to be the fastest growing segment in the next generation sequencing market segmented by technology, at a CAGR of 23.0% during 2019-2023.
North America was the largest region in the global next generation sequencing market, accounting for 34.7% of the total in 2019. It was followed by the Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the next generation sequencing market will be Eastern Europe and Asia Pacific, where growth will be at CAGRs of 21.6% and 20.1% respectively during 2019-2023. These will be followed by Africa and Middle East, where the markets are expected to register CAGRs of 17.6% and 17.2% respectively during 2019-2023.
The next generation sequencing market is fragmented, with a large number of small players in the market. The top ten competitors in the market made up to 49.8% of the total market in 2019. Major players in the market include Illumina Inc., Thermo Fisher Scientific Inc., Agilent Technologies, Pacific Biosciences of California Inc., and QIAGEN.
The top opportunities in the next generation sequencing market segmented by product will arise in the kits and consumables segment, which will gain $3,731.2 million of global annual sales by 2023. The top opportunities in the next generation sequencing market segmented by application will arise in the drug discovery segment, which will gain $2,826.1 million of global annual sales by 2023. The top opportunities in the next generation sequencing market segmented by technology will arise in the ion semiconductor sequencing segment, which will gain $4,563.7 million of global annual sales by 2023 The next generation sequencing market size will gain the most in the USA at $1,671.3 million. Market-trend-based strategies for the next generation sequencing market includes focusing on using artificial intelligence to reduce costs and time, studying rare diseases in a cost-effective manner to maintain a competitive edge over other technologies, offering NGS technologies for newborn screening and adopting big data technologies to analyze large genomic data. Player-adopted strategies in the next generation sequencing market include investing in expanding operations through innovative product launches, and in acquisitions and mergers to strengthen their service offerings.
To take advantage of the opportunities, the publisher recommends the next generation sequencing companies to focus on Artificial Intelligence, invest in big data, expand in emerging markets, focus on premium pricing, and focus on increasing awareness of the benefits of next generation sequencing.
Note: Product cover images may vary from those shown
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- Illumina Inc.
- Thermo Fisher Scientific Inc.
- Agilent Technologies
- Pacific Biosciences of California Inc.
- QIAGEN
Note: Product cover images may vary from those shown
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