Lucintel Forecasts the Global Next Generation Sequencing Market to Reach $42.3 billion by 2030
Lucintel Forecasts the Global Next Generation Sequencing Market to Reach $42.3 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global next generation sequencing market looks promising with opportunities in the academic institute & research center, hospital & clinic, and pharmaceutical & biotechnology company markets. The global next generation sequencing market is expected to reach an estimated $42.3 billion by 2030 with a CAGR of 16.3% from 2024 to 2030. The major drivers for this market are increasing government regulations and reimbursement for NGS-based diagnostic tests, on-going advancements in NGS platforms, and reduction in the costs of NGS tests.
A more than 150-page report to understand trends, opportunity and forecast in next generation sequencing market to 2030 by product & service (presequencing products & services, NGS consumables, NGS platforms, services for NGS platforms, sequencing services, and bioinformatics), technology (sequencing by synthesis, ion semiconductor sequencing, single-molecule real-time sequencing, nanopore sequencing, and other sequencing technologies), application (diagnostics, drug discovery, agriculture & animal research, and others), end user (academic institutes & research centers, hospitals & clinics, pharmaceutical & biotechnology companies, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that diagnostics will remain the largest segment over the forecast period due to growing number of cancer cases across the world.
Within this market, academic institutes & research centers will remain the largest segment over the forecast period becasue of the development of cost-effective NGS products and services for researchers and increasing collaborations between academic institutes & research centers and NGS players.
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North America will remain the largest region over the forecast period due to rising investments in the research funding, and development of NGS data analysis solutions.
Illumina, Thermo Fisher Scientific, BGI Group, PerkinElmer, Macrogen, Hamilton Company, Lucigen, Oxford Nanopore Technologies, Agilent Technologies, QIAGEN are the major suppliers in the next generation sequencing market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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