Next Generation Sequencing in the World, Market Size 2021 - 2030

15 Mar
2023

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What is Next Generation Sequencing (NGS) and how does it differ from traditional sequencing methods?

Next Generation Sequencing (NGS), also known as high-throughput sequencing, is a powerful technology used to sequence DNA or RNA. NGS allows for the rapid and cost-effective sequencing of entire genomes, transcriptomes, or targeted regions of interest.

Compared to traditional sequencing methods, which are usually based on Sanger sequencing technology, NGS generates millions to billions of short reads in parallel, allowing for massive amounts of data to be generated quickly and at lower costs. This makes NGS an essential tool for a wide range of applications, including basic research, clinical diagnostics, and personalized medicine.

How to overcome technical challenges in next-generation sequencing?

Here are some common challenges in NGS and approaches to overcome them:

Sample quality: High-quality DNA or RNA is crucial for accurate sequencing.
Library preparation: Accurate and reproducible library preparation is critical for NGS.
Sequencing errors: Sequencing errors can arise from many sources, including sample contamination, adapter contamination, and polymerase errors.
Data analysis: Data analysis is a significant challenge in NGS due to the large volume and complexity of the data.
Data storage and management: NGS generates massive amounts of data that require secure storage and management.

How many key players are involved in next generation sequencing market globally?

Some of the companies,

Agilent Technologies Inc.	Pacific Biosciences of California Inc.
BGI Group	PerkinElmer Inc.
F. Hoffmann-La Roche AG	PierianDx Inc.
Illumina Inc	Qiagen N.V.
Precigen Inc.	Thermo Fisher Scientific Inc.
Intrexon Bioinformatics Germany GmbH

provide cloud-based bioinformatics solutions for NGS data analysis and interpretation.

How much is the next generation sequencing market worth?

The global next generation sequencing market size is projected to reach $35,503.66 million by 2030.

What was the market size of the next generation sequencing industry in 2018?

The global next generation sequencing market size was valued at $4,533 million in 2018.

What was the market size of the next generation sequencing industry in 2020?

The global next generation sequencing market size was valued at $6,598.62 million in 2020.

What is the next generation sequencing market annual growth rate in the upcoming years?

Annual growth rate (CAGR) of next generation sequencing market estimated to 18.2% from 2021 to 2030.

Want to know about what drives these trends? Allied Market Research’s Next Generation Sequencing Industry Report has got you covered.

Alex Hillsberg

Chief editor of review team at FinancesOnline

Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.

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