Next Generation Sequencing Market Size Enlargement by Industry Status, Share, Recent Trends, Growth Factor and Analysis by Key Professionals up to 2023 Market Highlights DNA technology has come a long way, and next generation sequencing is expected to take DNA technology further than ever before. Market Research Future's report on the global next-generation sequencing market divulges key details regarding the growth of the market as well as various vital facts, figures, and prediction of growth of the global market. Also known as massive parallel sequencing or high throughput sequencing technology, next-gen sequencing has been transformative for the field of genomic research as it allows the sequencing of a complete human genome in a very short amount of time. During the process, the genetic material is extracted, fragmented, and associated with various factors for amplification. As such, this technology is highly effective and advanced thus driving its adoption and growth. The improved speed and reduced costs are expected to drive market growth. Use in clinical applications, agricultural applications, and forensic applications are growing rapidly. Healthcare research and the high demand for food are key areas where next-generation sequencing is being used extensively. Increasing genetic disorders are being diagnosed which has drastically increased the demand for next-generation sequencing. Moreover, the use of this technology in drug discovery is significant and expected to drive growth as the demand for effective drug therapies increases. Increasing awareness, employment of various growth strategies and ongoing technical advancements are expected to provide the market with ample opportunity for growth. However, the high initial cost of implementing technologies, and the requirement for storage of large volumes of data as well as a lack of skilled workforce to run the technology are challenges to the growth of the market. Get Sample PDF Illustration https://www.marketresearchfuture.com/sample_request/6354
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Key Players for Global Next Generation Sequencing Market Market Research Future (MRFR) recognizes the following companies as the key players in Next Generation Sequencing Market: There are plenty of large and small market players which operate in this market all over the globe. Oxford Nanopore Technologies, Ltd., BGI, Pacific Biosciences of California, Inc., PerkinElmer, QIAGEN N. V., Eurofins Scientific, Agilent Technologies, Macrogen Inc, Illumina, Inc., and Thermo Fisher Scientific, Inc. are among the notable market players that have been included in MRFR’s competition tracking of the global next generation sequencing market. Segments for Global Next Generation Sequencing Market Analysis of the markets several parts are included in MRFR's segmental analysis which has been performed on the basis of technology, service & product, application, end-user, and region. The technology used in next-generation sequencing includes whole exome sequencing, CHIP sequencing, whole genome sequencing, methyl sequencing, targeted resequencing, de novo sequencing, and RNA sequencing.