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Next Generation Sequencing (NGS) Market Worth $8.7 Billion by 2020
|By PR Newswire
|September 4, 2014 01:30 PM EDT
DALLAS, September 4, 2014 /PRNewswire/ --
According to the new market research report "Next Generation Sequencing (NGS) Market by Platforms (Illumina HiSeq, MiSeq, HiSeqX Ten, NextSeq 500,Thermo Fisher Ion Proton/PGM), Bioinformatics (Exome Sequencing, RNA-Seq, ChIP-Seq), Technology (SBS, SMRT) & by Application (Diagnostics, Personalized Medicine) - Global Forecast to 2020", published by MarketsandMarkets, the global NGS Market will be worth $2.5 Billion by the end of 2014 and is poised to reach $8.7 Billion by 2020 at a CAGR of more than 20.0%.
Browse 130 market data tables with 52 figures spread through 242 pages and in-depth TOC on "Next Generation Sequencing (NGS) Market".
Early buyers will receive 10% customization on this report.
This report studies the global NGS market over the forecast period of 2014-2020.
The growth of the overall NGS Market is driven by continuous innovations and developments in the market aimed at higher throughput, increased accuracy, and affordable costs. The cost for whole genome sequencing has reached the much awaited $1,000 mark as claimed by the market leader Illumina. The opportunities for the growth of this market include developments in pre-sequencing, cloud computing, and NGS bioinformatics solutions. However, factors such as high reliability on grants and funding from the government and decrease in capital expenditure from academic institutions are hindering the growth of the market. In addition, the interpretation of big data generated by sequencers and the subsequent storage and management of analyzed data is still a challenge. Owing to the complexity of NGS technologies and data, standardization of the overall NGS workflow is still an unmet need.
This research report categorizes and analyzes the global Next Generation Sequencing (NGS) Market on the basis of steps in the NGS workflow, NGS technologies, and NGS applications. All these markets are further divided into segments and sub-segments, to provide exhaustive value analysis for the years 2012, 2013, 2014 and forecast to 2020. Based on the NGS workflow, NGS pre-sequencing, sequencing and data analysis form the overall NGS Market. Under pre-sequencing, the solutions for sample preparation are covered. The sequencing market covers platforms, reagents and services from key players like Illumina (U.S.), Life Technologies (Thermo Fisher scientific) (U.S.), 454 Roche (U.S.), and Pacific Biosciences (U.S.). The market for sequencing platforms has been very dynamic. Some revolutionary platforms like GA IIx (Illumina) and SOLiD Series (Life Technologies) will take a setback and newer platforms like HiSeq X Ten, NextSeq 500, MiSeq and Ion Torrent Proton will gain market dominance.
The NGS data analysis market includes the market by product (software and services) and by applications such as whole genome sequencing, exome sequencing, targeted re-sequencing, de novo sequencing, RNA-Seq, ChIP-Seq and Methyl-Seq. Some of the major applications of NGS include diagnostics, drug discovery, biomarker discovery, personalized medicine, and agriculture and animals research. Each market is comprehensively analyzed at a granular level by geography (North America, Europe, Asia, and Rest of the World) to provide in-depth information on the global scenario.
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North America is poised to account for the largest market share of the Next Generation Sequencing (NGS) Market, followed by Europe, in 2014. However, Asia presents significant opportunities for investors as the developed markets get saturated.
The NGS platforms market is a consolidated one and will be dominated by Illumina in 2014, which accounted for the largest market share of more than 70%. Other companies with commercial platforms include Life Technologies (Thermo Fisher Scientific) (U.S.), 454 Roche (U.S.), and Pacific Biosciences (U.S.). The NGS bioinformatics/data analysis market is highly fragmented with key players like CLC bio (Denmark) (A member of QIAGEN), Biomatters (New Zealand), Partek (U.S.), Genomatix (Germany), Knome (U.S.) and DNASTAR (U.S.) dominating this market space.
Browse related reports
Genomics Market by Products - [Instruments (NGS platform, Microarray, RT-PCR), Consumables (Genechips, Reagents for DNA Extraction & Purification, Sequencing)], Services (Sequencing & Microarray Services, and Software) - Global Forecast to 2018
Whole Exome Sequencing Market by Product [Systems, Kits (Library Preparation, Target Enrichment)], Services (Sequencing), Technology (Sequencing by Synthesis), & by Application (Cancer, Monogenic disorders) - Global Forecast to 2018
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