Next-Generation Sequencing Market with Geographic Segmentation, Statistical Forecast and Competitive Landscape Report to 2024

Posted on 2019-08-11 by P&S Intelligence in Healthcare // 0 Comments

New York, United States, 2019-Aug-11 — /EPR Network/ — The global next-generation sequencing market is growing significantly due to advances in next-generation technologies, increasing scientists and researchers’ compliance for next-generation sequencing, and low cost of next-generation sequencing methods compared to conventional sequencing methods in the industry.

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The unexplored next-generation sequencing market in emerging economies and increasing focus for the development of personalized medicine are creating opportunities for the global next-generation sequencing market to grow at a considerable rate in the coming years. The advanced research and development activities by the major players are propelling the demand for cost effective and efficient next-generation sequencing platforms. However, interpretation of large volume of complex sequencing data through next-generation sequencing platforms is a major challenge in global next-generation sequencing market.

Some of the factors driving the growth of the global next-generation sequencing market are advances in sequencing technology, increasing adherence of researchers and scientists for next-generation sequencing, increasing demand for quicker, cheaper and accurate sequencing methods, and increasing research and development activities in genomics and proteomics. In addition, the National Human Genome Research Institute’s goal to reduce human genome sequencing cost upto 100 times is propelling pharmaceutical and biotechnology companies to invest large capital for the development of next-generation sequencing; this in turn is expected to drive the global next-generation sequencing market. However, complexity of data interpretation and lack of service providers are some of the factors restraining the growth of the global next-generation sequencing market to some extent.

Geographically, North America will be leading the global next-generation sequencing market in the coming years due to high healthcare expenditure, technological advancements, presence of large number of academic and research institutes, and high scientists’ compliance for next-generation sequencing devices.

Report Coverage

Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions
Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market

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