TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
The global market for next-generation sequencing is likely to witness a progressive growth in the next few years, thanks to the rising adoption across diverse industries. In addition, several lucrative opportunities in untapped markets and the rise in the number of government initiatives are projected to contribute towards the growth of the market. Furthermore, the use of next-generation sequencing in biomarker and precision medicine discovery is expected to supplement the growth of the overall market in the forecast period.
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Global Next-generation Sequencing (NGS) Market: Key Trends
The technological advancements in the sequencing platforms and the rising number of applications of next-generation sequencing are likely to encourage the growth of the global next-generation sequencing market in the coming years. In addition, the growing adoption of next-generation sequencing technologies among research academic institutes and research laboratories are projected to supplement the development of the market in the near future.
On the contrary, the rising issues in the storage of sequencing data and the dearth of skilled professionals are likely to curtail the growth of the market in the coming years. Nonetheless, the increasing awareness among consumers regarding the advantages of next-generation sequencing through workshops and conferences are projected to fuel the growth of the market.
Global Next-generation Sequencing (NGS) Market: Market Potential
The integration of next-generation of sequencing with the new cloud-based technology is one of the key factors estimated to encourage the growth of the global market in the coming years. In addition, the rising focus on cancer research and the increasing level of competition are predicted accelerate the growth of the market in the forecast period.
However, several concerns related to the security of next-generation sequencing data and the standardization and accuracy issues in diagnostic testing are estimated to pose as major challenges for the leading players in the coming years. Nonetheless, the rising use of cloud computing is expected to offer promising growth opportunities throughout the forecast period.
Global Next-generation Sequencing (NGS) Market: Regional Outlook
Among the key regional segments studied in the research study, North America is anticipated to account for a key share of the global next-generation sequencing market in the forecast period. The presence of a large number of players in the U.S. and the favorable government schemes are the important factors that are predicted to accelerate the growth of the North America market in the coming years.
Furthermore, Asia Pacific is estimated to grow substantially in the next few years. The improvement of the healthcare infrastructure in developing nations and the favorable initiatives by government are predicted to fuel the growth of the next-generation sequencing market In Asia Pacific in the near future. In addition, the launch of new and advanced next-generation sequencing services and products are anticipated to contribute substantially towards the growth of the market.
Global Next-generation Sequencing (NGS) Market: Competitive Analysis
Some of the prominent players operating in the next-generation sequencing market across the globe are Eurofins Scientific, Gatc Biotech AG, F. Hoffmann-La Roche AG, Perkinelmer, Inc., Illumina, Inc., Qiagen N.V., Agilent Technologies, Inc., Macrogen, Inc., Beijing Genomics Institute, Pacific Biosciences of California, Inc., Thermo Fisher Scientific Inc., and Oxford Nanopore Technologies, Ltd.
The entry of new players in the global next-generation sequencing market and the rising number of collaborations and mergers are projected to encourage the growth of the market in the next few years. Additionally, the rising focus of key players on research and development activities are estimated to offer promising opportunities for the leading players in the next few years.
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5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
- Current and Future Threats
- Accurate Trend Analysis
- Regional Assessment
- Industrial Analogy
- COVID-19 Impact
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Regional Assessment
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
Industrial Analogy
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
COVID-19 Impact
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
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