Lucintel Forecasts Next Generation Sequencing Market To Grow At A Cagr Of 20% To 22% From 2021 To 2026

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According to the recent study the next generation sequencing market is projected to grow at a CAGR of 20% to 22% from 2021 to 2026. Growth in this market is primarily driven by government regulations and reimbursement for NGS-based diagnostic tests, advancements in NGS platforms, and declining costs of NGS tests.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in next generation sequencing market 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 other applications), end user (academic institutes & research centers, hospitals & clinics, pharmaceutical & biotechnology companies, and other end users), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Diagnostic market is expected to remain the largest segment during the forecast period.”
Based on application, the next generation sequencing market is segmented into diagnostics, drug discovery, agriculture & animal research, and other applications. Lucintel forecasts that the diagnostic market is expected to remain the largest segment due to rising number of cancer cases across the world.
“Within the next generation sequencing market, the academic institutes & research centers segment is expected to remain the largest end use industry.”
Based on end use industry the academic institutes & research centers segment is expected to witness the highest growth over the forecast period due to the development of cost-effective NGS products and services for researchers and increasing collaborations between academic institutes & research centers and NGS players.
“North America will dominate the next generation sequencing market in near future.”
North America will remain the largest region during the forecast period due to the investments in research funding, and development of NGS data analysis solutions.
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Major players of next generation sequencing market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Illumina, Inc., Thermo Fisher Scientific, Inc. BGI Group, PerkinElmer Inc., Macrogen, Hamilton Company, Lucigen, Oxford Nanopore Technologies, Agilent Technologies, Inc., and QIAGEN. are among the major next generation sequencing providers.

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 click on this link https://www.lucintel.com/next-generation-sequencing-market.aspx or helpdesk@lucintel.com
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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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