Based on product type, the consumables segment commanded the largest share of the overall next generation sequencing market in 2019 and is anticipated to grow with the fastest CAGR during the forecast period. The large share of this segment is mainly attributed to the increasing use of sequencing reagents and kits for diagnostic procedures in diagnostic laboratories and recurrent use of consumables in sequencing procedures.

Based on technology, the sequencing by synthesis (SBS) segment commanded the largest share of overall next-generation sequencing market in 2019, owing to high accuracy in DNA sequencing, highest yield of error-free throughput, and growing incorporation of this technology in NGS products. However, single molecule real-time sequencing is anticipated to grow with the fastest CAGR during the forecast period owing to increasing installations, shorter run times, ease in use, and low cost.

Based on end user, the clinical diagnostic laboratories segment commanded the largest share of the overall next-generation sequencing market in 2019 and is anticipated to grow with the fastest CAGR during the forecast period. This growth is primarily attributed to an increasing volume of diagnostic procedures performed in clinical diagnostic laboratories, growing adoption of NGS products, and high inclination towards genetic analysis in diagnosis to provide tailored treatment.

Geographically, the North America region commanded the largest share of this market in 2019, followed by Europe. The large share of North America region is mainly attributed to the factors such as presence of key players, frequent product launches, high inclination towards new technologies, and growing investments in healthcare sector. However, Asia-Pacific region is anticipated to grow with the fastest CAGR.

Have Any Query? Ask Our Experts: 

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including Illumina, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Qiagen N.V. (Netherlands), PerkinElmer, Inc. (U.S.), F. Hoffmann-La Roche AG (Switzerland), 10X Genomics, Inc. (U.S.), Pacific Biosciences of California, Inc. (U.S.), Oxford Nanopore Technologies Ltd (U.K.), Beckman Coulter, Inc. (U.S.), GenapSys, Inc. (U.S.), New England Biolabs, Inc. (U.S.), PierianDx (U.S.), and BGI Genomics (China), among others.

Key questions answered in the report-

• Which are the high growth market segments in terms of product type, sequencing type, technology, application, end-user, and regions/countries?
• What was the historical market for NGS across the globe?
• What are the market forecasts and estimates for the period 2019-2025?
• What are the major drivers, restraints, challenges, opportunities, and trends in the global NGS market?
• Who are the major players in the global NGS market?
• How is the competitive landscape and who are the market leaders in the global NGS market?
• What are the recent developments in the global NGS market?
• What are the different strategies adopted by the major players in the global NGS market?
• What are the geographical trends and high growth regions/ countries?

Download Free Sample Report Now @ 

Browse Adjacent Reports:
 by Service Type (Targeted Sequencing, Exome, RNA-Seq, ChIP Sequencing), Technology (Sequencing by Synthesis, Nanopore, SMRT), Application (Clinical Diagnosis, Biomarker Discovery), and End User – Global Forecast to 2025

 by Product (EMR, mHealth, PHM, RIS, PACS, RCM, Healthcare Analytics, Telehealth, SCM, HIE), Component (Software, Service), Delivery Mode (Web, Cloud) and End User (Hospital, Payer, Pharmacy, Ambulatory, Homecare) – Global Forecast to 2027

 by Service (Logistics, Manufacturing), Clinical Trial Type (Therapeutic, Diagnostics), Phase (Phase 2, Phase 3), Medical Specialty (Oncology, Diabetes), and End User (Pharmaceutical, CRO)- Global Forecast to 2025

About Meticulous Research®

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details.

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Mr. Khushal Bombe
Meticulous Research®
Direct Lines: +1-646-781-8004 (North America)
+44-203-868-8738 (Europe)
+91 744-7780008 (Asia-Pacific)
Email- Visit Our Website: Meticulous Research® Blog: Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research