According to newest report published by QY Research, global next-generation sequencing (NGS) Services . The global Next-Generation Sequencing (NGS) Services market size is projected to reach US$ 7805 million by 2026, from US$ 3307 million in 2019, at a CAGR of 15.44% during 2021-2026.
Genomics is science that studies the composition of biological genomes, the precise structure, interrelationships, and expression regulation of genes in a genome. In genomics, scientists analyze the genomic information of biological samples (tissue, cells, blood samples, etc.) using a novel gene sequencer. Generation sequencing technology has been developed for 40 years. According to different sequencing principles, gene sequencing technology has been divided into three generations: the first generation of gene sequencing Sanger Sequencing, the second generation of gene sequencing NGS (Next Generation Sequencing), the third generation of gene sequencing TGS. Next Generation Sequencing (NGS) is a high-throughput method for rapid sequencing of base pairs of DNA or RNA samples. Next generation sequencing systems can be divided by three parts, instruments, consumables and related services. At the same time, NGS also supports a wide range of applications, including gene expression profiling, chromosome counting, epigenetic change detection, and molecular analysis, which can drive discovery research and realize the bright future of personalized medicine.
The introduction of next-generation sequencing (NGS) fundamentally changed how we approach scientific and diagnostic issues. Next-generation sequencing’s potential to produce large amounts of sequence data for a relatively low price led to a series of groundbreaking discoveries and ushered the field of genomics into a new era.
Global Next-Generation Sequencing (NGS) Services Market- Key Players
Eurofins Scientific, Natera, BGI, Illumina, Roche, LabCorp, Berry Genomics, Brooks Life Sciences, Macrogen, Personalis, Novogene, Genotypic Technology, Dna Link, are some of the key players, functioning in the global Next-Generation Sequencing (NGS) Services market. Presently, the market is dominated by several companies, like Eurofins Scientific, Natera, BGI, Illumina, Roche, the top 5 players own more than 55% market share.
Global Next-Generation Sequencing (NGS) Services Market: Segmental Analysis
The classification of Next-Generation Sequencing (NGS) Services includes Targeted Sequencing, Whole Exome Sequencing and Whole Genome Sequencing, and the proportion of Targeted Sequencing in 2019 is the largest one, with the share of 53.91%. Targeted next generation sequencing allows you to sequence specific areas of the genome for in-depth analyses more rapidly and cost-effectively than whole genome sequencing (WGS). Targeted sequencing uses deep sequencing to detect known and novel variants within your region of interest. This method generally requires less sample input and produces a smaller amount of data than WGS, making analyses more manageable.
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