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Next-Generation Sequencing (NGS) Services Market Estimated to Soar Higher During 2021 2025

The global Next-Generation Sequencing (NGS) Services Market was valued at USD 867.3 million in 2016 and is projected to reach USD 4701.53 million by 2025, growing at a CAGR of 20.66% from 2017 to 2025.
NGS is the process of determining the precise order of nucleotides within a DNA molecule. It includes particular method or technology that is used to determine the order of the four bases—adenine, guanine, cytosine, and thymine—in a strand of DNA. It is currently being used to find and treat the genetic disorders prevalent in the population causing the market to grow simultaneously.

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Market Dynamics:
1. Market Drivers
1.1 Declining prices of technology of sequencing
1.2 High cost of sequencing infratructure
1.3 Availability of skilled people to handle sample preparation
1.4 NGS requires less throughput inputs
1.5 Advancements in sequencing technology

2. Market Restraints
2.1 Difficulty in establishing in-house throughput devices

Market Segmentation:
1. Global Next-Generation Sequencing (NGS) Services Market, by Service Type:
1.1 Targeted Resequencing & Custom Gene Panels
1.2 RNA-Seq
1.3 De Novo Sequencing
1.4 Exome Sequencing
1.5 Chip-Seq
1.6 Whole-Genome Sequencing
1.7 Methyl-Seq
1.8 Other Services

2. Global Next-Generation Sequencing (NGS) Services Market, by Application:
2.1 Diagnostics
2.1.1 Oncology
2.1.2 Infectious Diseases
2.1.3 Rare Genetic Disorders
2.1.4 Reproductive Health
2.1.5 Other Diagnostic Applications
2.2 Drug Discovery
2.3 Biomarker Discovery
2.4 Agriculture & Animal Research
2.5 Others Applications

3. Global Next-Generation Sequencing (NGS) Services Market, by Technology:
3.1 Sequencing By Synthesis
3.2 Ion Semiconductor Sequencing
3.3 Single-Molecule Real-Time Sequencing
3.4 Nanopore Sequencing

4. Global Next-Generation Sequencing (NGS) Services Market, by End User:
4.1 Academic & Government Institutes and Research Centers
4.2 Hospitals & Clinics
4.3 Pharmaceutical & Biotechnology Companies
4.4 Other End Users

5. Global Next-Generation Sequencing (NGS) Services Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. BGI
2. Illumina, Inc.
3. Perkinelmer, Inc.
4. Eurofins Scientific SE
5. Gatc Biotech AG
6. Macrogen, Inc.
7. Qiagen N.V.
8. Genotypic Technology Pvt. Ltd.
9. Genewiz, Inc.
10. DNA Link, Inc.
11. Takara Bio Inc. (Part of Takara Holding Company Inc.)
12. Scigenom Labs Pvt. Ltd
13. Novogene Corporation
14. Personalis, Inc.
15. LGC Limited (A Part of KKR & Co. L.P.)
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Research study on the Next-Generation Sequencing (NGS) Services Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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