Global Next Generation Sequencing Market Opportunities And Strategies

The global next generation sequencing market is expected to decline from $7.13 billion in 2019 to $7.01 billion in 2020 at a compound annual growth rate (CAGR) of -1.78%. 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 market is then expected to recover and reach $13.02 billion in 2023 at a CAGR of 22.95%. The increase in the number of chronic disease cases will increase the requirement for NGS sequencing and boost revenues for the next generation sequencing market. However, the high cost associated with next generation sequencing technologies is a key factor hampering the growth of the market.

The next generation sequencing market consists of sales of devices and equipment used in next generation sequencing and related services by entities that manufacture next generation sequencing equipment. Next-generation sequencing (NGS) is the catch-all concept used to describe a variety of different advanced sequencing technologies. Such technologies allow DNA and RNA to be sequenced much faster and cheaper than traditionally used Sanger sequencing, revolutionizing the study of genomics and molecular biology.

Request For A Free Sample For The Global Next Generation Sequencing Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3294&type=smp

The global next generation sequencing market is further segmented based on type and geography.
By Product: NextSeq Systems, MiniSeq Systems, NovaSeq Systems, iSeq 100 Systems, Ion PGM Systems, Ion Proton Systems, Ion GeneStudio S5 Systems, PacBio RS II Systems, Sequel Systems, Others
By Technology: Sequencing by Synthesis, Ion Semiconductor Sequencing, Single-molecule Real-time Sequencing, Nanopore Sequencing, Other Sequencing Technologies
By Application: Diagnostics, Drug Discovery, Others.
By Geography: The global 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 next generation sequencing market accounts for the largest share in the global next generation sequencing market.

Read More On The Report For The Global Next Generation Sequencing Market At:
https://www.thebusinessresearchcompany.com/report/next-generation-sequencing-global-market-report-2020-30-covid-19-growth-and-change

Trends In The Next Generation Sequencing Market
Technological advances are shaping the next generation sequencing market. Major companies operating in the sequencing industry are focusing on developing technologically advanced solutions for next generation sequencing.
Next Generation Sequencing Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides next generation sequencing market overviews, analyzes and forecasts next generation sequencing market size and growth for the global next generation sequencing market, next generation sequencing market share, next generation sequencing market players, next generation sequencing market size, next generation sequencing market segments and geographies, next generation sequencing market trends, next generation sequencing market drivers and next generation sequencing market restraints, next generation sequencing market’s leading competitors’ revenues, profiles and market shares. The next generation sequencing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.