The global NGS services market size is anticipated to around USD 3.0 billion by 2026, this market is anticipated to grow with 14.1% CAGR during the forecast time period. The market is driven by increase in demand for better sequencing products drive the need for better NGS services.Growth of NGS technologies has transformed gene sequencing in terms of reproducibility and cost savings. This has resulted in introduction of numerous progressions in NGS technology to encourage its usage in hospitals and clinical labs. Most current novelties in this field revolve around simplifying usage of seq-technology and making it classier. These parameters have boost the uptake of NGS services across numerous end users.
Rising need for robust sequencing-based diagnostics has resulted in the beginning of new seq-technologies, ranging from high-throughput sequencers to portable units. This has stimulated the trend of clinical NGS in over the coming years. Such as, in March 2018, ARUP Laboratories and IDbyDNA, Inc. launched Explify Respiratory, an NGS test for respiratory infections, to assist physicians in screening patients with pneumonia and other respiratory illnesses.
Traditional disease testing service producers have widened their portfolio with an increasing trend of seq-based genetic tests. For instance, ARUP Laboratories integrated with the Children’s Hospital of Philadelphia (CHOP) in October 2014. The service provision for NGS-based HLA genotyping, comprise of HLA Class I, and HLA Class II and began in November 2017.
With increasing trend of high throughput sequencing within the biotech and pharma industry, there is a demand for more growths to advance the speed and convenience of high throughput seq-platforms and simplify workflows. As a result, businesses are concentrating on growth of solutions to simplify the purification and amplification of sample and starting input.
Market By Service Type
Market By Workflow
Market By End-use
Market By Geography
North America captures the largest share due to factors for instance, well-established informatics network, effective regulatory guidelines relating to usage and approval of genetic tests, and occurrence of market leaders in the region. Also, rising numeral of FDA-approved genomic tests in U.S. is expected to boost the regional market during the forthcoming years.
The APAC industry is estimated to serve as an opportunity source of revenue through 2026. Rising attention of government bodies regarding maintenance of public health and consequential funds in growth of progressive diagnostic methods is expected to drive the uptake of seq-services in the region.
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with the NGS Services market are GENEWIZ Germany GmbH, Illumina, Inc., Novogene Corporation, abm Inc., Veritas Genetics, Quest Diagnostics, Gene by Gene, ARUP Laboratories, BGI, and Lucigen..
The global 3D printing market size is expected to reach around USD 41 Bn by 2026 and will grow at a CAGR of around 20.1% over the forecast period 2019 to 2026. 3D printing refers to the process of making a three-dimensional solid object from a digital file or computer-aided design (CAD) model. It is also called desktop fabrication, additive printing or additive manufacturing because the creation takes place by laying down many thin layers
The global smart building market size is expected to reach around US$ 160 Billion by 2026 growing at a noteworthy CAGR of 15.3% from forecast period 2019 to 2026. The smart building refers to the structure where all the control operations including heating, ventilation, air conditioning (HVAC), lighting, and security among others are controlled by the automated processes. A smart b
The global 5G fixed wireless access market size is expected to reach over USD 47.3 billion by 2026 and projected to grow at CAGR of 98.9% during the forecast period 2019 to 2026. The global 5G fixed wireless access market is expecting a sound growth in the market. Some of the major factors driving the growth of the 5G fixed wireless access market are increasing adoption of advanced technologies such as machine-to-machine (M2M)/Internet of Things (IoT), ne
The global industrial wastewater treatment market size is poised to reach around US$ 16.5 billion by 2026 and growing at a CAGR of 4.5% from forecast period 2019 to 2026. Industrial waste management includes different types of sewage treatment processes that are manufactured by the industry as an undesirable by-product. Once therapy is done, industrial wastewater can be reused or disposed of in the
Introduction According to Acumen Research and Consulting, the global FISH Probe market is expected to grow at noteworthy CAGR around 6.5 % throughout the forecast period and reach around US$ 1 billion by 2026. Fluorescent in situ hybridization (FISH) is a method used by molecular cytogenetic devices to visualize and map the gene
The global Cellular Vehicle-to-Everything (C-V2X) market is expected to grow at noteworthy CAGR around 9.7 % throughout the forecast period and reach around US$ 1.1 billion by 2026. Cellular vehicle to everything (C-V2X) refers to the network that combines V2V (Motor to vehicle) features, V2P (Motor to path), V2 G (Motor to grid) and V2N (motor to grid). The all-in-one mobile vehicle is created bas