A growing population, rising cancer and transmissible disease occurrences, and increased use of next-generation sequencing in oncology and transmissible illnesses are all predicted to drive the Next Generation Sequencing Market . In the upcoming years, it is anticipated that increased demand for next-generation sequencing will result from the application of this technology in the genetically tailored medicine development process.
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The next generation sequencing market is anticipated to benefit from rising investments in research & development in the fields of genomics, proteomics, and metabolomics. In the upcoming years, the next generation sequencing market is most expected to grow as a result of new products and services being introduced by major market participants. Additionally, the demand for next-generation sequencing is rising as more researchers and pharmaceutical companies turn to this approach to learn more about the genetic organisation of numerous organisms.
Some of the potential for the global next generation sequencing market include pre-sequencing, NGS bioinformatics solutions, cloud computing, and an increase in the expansion of personal medications. However, some of the difficulties facing the worldwide industry for next-generation sequencing include the storage and handling of the massive amounts of data created by sequencing and its interpretation. Increasing levels of collaboration and the introduction of new products are two trends in the global market for next-generation sequencing.
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Next Generation Sequencing Market: Segmentation
On the basis of Application
- Whole-genome Sequencing
- Exome Sequencing
- Targeted Resequencing
- De Novo Sequencing
- RNA Sequencing
- ChIP Sequencing
- Methyl Sequencing
- Others
On the basis of technology
- Targeted Sequencing & Resequencing
- Whole Genome Sequencing
- Whole Exome Sequencing
On the basis of end user
- Academic Research institutes
- Clinical Research Institutes
- Hospitals & Clinics
- Pharmaceutical & Biotechnology companies
- Others
On the basis of Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Next Generation Sequencing Market: Dynamics
Increasing population, increasing incidences of cancer and transmissible diseases are expected to boost the next generation sequencing market attributing to the increased applications of next generation sequencing in the field of oncology and transmissible diseases.
The use of next generation sequencing in developing the personalized medicines at a genetic level, is projected to enhance the demand for next generation sequencing during the coming years.
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