Global Clinical Oncology Next Generation Sequencing Market Growth Rate

The global clinical oncology next generation sequencing market is expected to decline from $447.28 billion in 2019 to $437.55 billion in 2020 at a compound annual growth rate (CAGR) of -2.18%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $660.87 billion in 2023 at a CAGR of 14.74%. The rise in the number of cancer cases across the globe is likely to contribute to the growth of the clinical oncology next generation sequencing market during the forecast period. However, high costs associated with the clinical oncology next generation sequencing is a major issue faced by patients across the globe.

Next generation sequencing is a process used to determine the sequence of nucleotides in a section of DNA and is used for oncology research. Only goods and services traded between entities or sold to end consumers are included.

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The global clinical oncology next generation sequencing market is further segmented based on type and geography.
By Technology: Ion Semiconductor Sequencing, Pyro-Sequencing, Synthesis Sequencing, Real Time Sequencing, Ligation Sequencing, Reversible Dye Termination Sequencing, Nano-Pore Sequencing
By Application: Screening, Companion Diagnostics, Other Diagnostics
By End User: Hospital Laboratories, Clinical Research Organizations, Diagnostic Laboratories.
By Geography: The global clinical oncology next generation sequencing market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American clinical oncology next generation sequencing market accounts for the largest share in the global clinical oncology next generation sequencing market.

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Trends In The Clinical Oncology Next Generation Sequencing Market
Companies in the clinical oncology next generation sequencing are increasingly investing in automation of workflow to increase precision and reduce the sample to sample variability.
Clinical Oncology Next Generation Sequencing Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides clinical oncology next generation sequencing market overviews, analyzes and forecasts clinical oncology next generation sequencing market size and growth for the global clinical oncology next generation sequencing market, clinical oncology next generation sequencing market share, clinical oncology next generation sequencing market players, clinical oncology next generation sequencing market size, clinical oncology next generation sequencing market segments and geographies, clinical oncology next generation sequencing market trends, clinical oncology next generation sequencing market drivers and clinical oncology next generation sequencing market restraints, clinical oncology next generation sequencing market’s leading competitors’ revenues, profiles and market shares. The clinical oncology next generation sequencing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.