North America Next Generation Sequencing (NGS) Market The analysis report covers a detailed value chain analysis of the market. Value chain analysis helps to analyze the main upstream raw materials, major equipment, manufacturing process, downstream customer analysis and major distributor analysis are mentioned in the report with all drivers and market constraints. It presents a detailed comparative analysis of all regional and player segments, providing readers with a better understanding of where they can place their existing resources and gauging the priority of a particular region in order to strengthen their position in the market.
The World Class Research Market report outlines recent industry trends and developments. Under Market Penetration, it gives comprehensive information about the leading industry players, their product portfolios and key strategies. The report describes the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the A market and submarkets. It assesses the market shares of new entrants. The report covers a strategic profiling of key players and brands. As part of the competitive assessment, it performs an in-depth assessment of market strategies, geographic and business segments, and product portfolios of major market players.
North America Next Generation Sequencing (NGS) Market Market growth is expected to increase during the forecast period from 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 17.4% during the forecast period from 2022 to 2029 and is expected to reach 13 USD 301.32 million by 2029. Decreasing cost of genetic sequencing per base is driving the growth of Next Generation Sequencing (NGS) market.
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High-throughput sequencing, most widely considered “next generation” sequencing (NGS), is now integrated into routine clinical practice due to numerous technical and functional developments, while early protocols relied on collected samples outside of typical clinical pathology workflows. , formalin-fixed, paraffin-embedded standard specimens that can be used more routinely as a starting material for NGS. Additionally, protocols are being amassed for the analysis and interpretation of NGS data, as well as knowledge bases, allowing clinicians to more easily act on genomic information at the point of patient care. The presence of a wide range of next-generation sequencing products used in the diagnosis of chronic diseases meets the needs of healthcare institutions. The increased technological advancement is leading to the development of highly efficient Next Generation Sequencing (NGS) in the market.
The major factors driving the growth of the Next Generation Sequencing (NGS) market are the use of Next Generation Sequencing in drug development and the broad portfolio offered by the major player and the factor hindering the growth of the market Next Generation Sequencing (NGS) includes the high cost of next generation sequencing products and product recall.
The Next Generation Sequencing (NGS) Market report provides details about market share, new developments and product pipeline analysis, impact of national and localized market players, analyzes opportunities in terms of from emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions and technological innovations in the market. To Understand Next Generation Sequencing (NGS) Market Analysis and Scenario, contact Data Bridge Market Research for Analyst Note, our team will help you create revenue impact solution to achieve the objective wish.
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Next Generation Sequencing (NGS) Market Scope and Market Size
The Next Generation Sequencing (NGS) market is segmented on the basis of product, application, and end-user. Growth between segments helps you analyze growth niches and strategies to approach the market and determine your main application areas and the difference between your target markets.
The North America Next Generation Sequencing (NGS) market is categorized into three notable segments based on product, application, and end-user.
On the basis of product, the North America next-generation sequencing (NGS) market is segmented into instruments, consumables, and services. In 2022, the instrument segment is expected to dominate the next generation sequencing (NGS) market in North America owing to the adoption of the latest established technology for next generation sequencing.
Based on application, the North America Next Generation Sequencing (NGS) market is segmented into diagnostics, drug discovery, biomarker discovery, precision medicine, agriculture, and animal research. In 2022, the diagnostics segment is expected to dominate the next generation sequencing (NGS) market owing to the fact that the United States has world-class healthcare services and has embraced the use of sequencing of new generation for clinical purposes that drive the North American market. .
On the basis of end-user, the North America next-generation sequencing (NGS) market is segmented into hospitals and clinics, academic and government research centers and institutes, pharmaceutical and biotechnology companies. In 2022, research center and academic and government institutes are expected to dominate the next generation sequencing (NGS) market as research related to next generation sequencing for chronic diseases and personalized medicine is mainly conducted by these institutes.
Country Level Analysis of the Next Generation Sequencing (NGS) Market
The Next Generation Sequencing (NGS) market is analyzed and market size insights are provided by product, application, and end-user as discussed above.
The countries covered in the Next Generation Sequencing (NGS) market report are United States, Canada, and Mexico.
The US diagnostics segment of the North American region is expected to grow with the highest growth rate during the forecast period of 2022 to 2029 due to the increasing use of next generation sequencing techniques.
The country section of the report also provides individual market impacting factors and regulatory changes in the national market that impact current and future market trends. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major indicators used to forecast the market scenario for each country. In addition, the presence and availability of North American brands and the challenges they face due to significant or rare competition from local and national brands, the impact of sales channels are considered while providing an analysis forecast of national data.
Growth in strategic activities of key market players to improve awareness of Next Generation Sequencing (NGS) therapy is driving the market growth of Next Generation Sequencing (NGS) Market
The Next Generation Sequencing (NGS) market also provides you detailed market analysis for each country’s growth in particular market. Also, it provides detailed information about the strategy of the market players and their geographical presence. Data is available for the historical period from 2011 to 2020.
Competitive Landscape and Next Generation Sequencing (NGS) Market Share Analysis
Next Generation Sequencing (NGS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, research and development investment, new market initiatives, production sites and facilities , company strengths and weaknesses, product launch, product testing pipelines, product approvals, patents, product breadth and scope, application dominance, technology lifeline curve . The above data points provided relate only to the Company’s focus related to the Next Generation Sequencing (NGS) market.
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Some of the major companies that deal with Next Generation Sequencing (NGS) are Agilent Technologies, Inc., ThermoFisher Scientific, Inc., QIAGEN, Illumina, Inc., Bio-Rad Laboratories, Inc., BGI (a subsidiary of BGI Group ), Oxford Nanopore Technologies plc, among other national players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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