NEW YORK, Oct. 4, 2022 /PRNewswire/ -- The next generation sequencing market size is set to grow by USD 2.47 billion from 2021 to 2025, according to Technavio. Our report offers an up-to-date analysis of the current market scenario and provides extensive information on the value chain analysis for the next generation sequencing market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors plan their research and development cost and enhance their offerings during the forecast period. For more analysis on Vendor Offerings Read Free Sample Report

• Product 
• • Consumables
  • Equipment

The next generation sequencing market share growth by the consumables segment will be significant during the forecast period. Factors such as technological advances, repeat purchase of consumables such as kits and reagents, and growing demand for target enrichment kits will continue to propel the demand for consumables in the market. The segment has contributed significantly to the market due to the repetitive purchase of a broad range of next generation sequencing consumables for different testing purposes.

• Geography 
• • North America
  • Europe
  • Asia
  • ROW

39% of the market's growth will originate from North America during the forecast period. The advent of next generation sequencing has reduced the cost of genome sequencing, an essential step in a gene expression study, which increased the demand for early diagnosis for diseases such as cancer in the region. This will facilitate the next generation sequencing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans. Detail Insights on the impact of each segment and make informed business decisions Read Free Sample Report

To help businesses improve their market position, the next generation sequencing market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Bio Rad Laboratories Inc., Eurofins Scientific SE, F. Hoffmann-La Roche Ltd., Illumina Inc., Laboratory Corp. of America Holdings, Merck KGaA, PerkinElmer Inc., QIAGEN NV, Takara Bio Inc., and Thermo Fisher Scientific Inc.

• Bio Rad Laboratories Inc. - The company offers next generation sequencing such as Whole Transcriptome RNA Seq and others.
• Eurofins Scientific SE - The company offers next generation sequencing such as Genome sequencing and more.
• F. Hoffmann-La Roche Ltd. -  The company offers next generation sequencing for wide range of clinical research application.
• Illumina Inc. - The company offers next generation sequencing named Sequencing by Synthesis (SBS) Technology.
• Laboratory Corp. of America Holdings - The company offers next generation sequencing assay named GeneSeq. To gain access to more vendor profiles with their key offerings available with Technavio Read Free Sample Report.

• Next Generation Sequencing Market Size
• Next Generation Sequencing Market Trends
• Next Generation Sequencing Market Industry Analysis

The increased utilization of next generation sequencing methods as one of the primary drivers of the market. However, factors such as Lack of clinical validation on direct-to-consumer genetic tests is may threaten the growth of the market.

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist next generation sequencing market growth during the next five years
• Estimation of the next generation sequencing market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the next generation sequencing market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of next generation sequencing market vendors

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio