Next generation sequencing market was valued 9.5 Billion in 2020 and is expected to grow at US$ 27.67 Billion at a CAGR of 16.5% by 2027 over the forecast period. Improvising cost related to NGS platforms and improving regulatory framework and reimbursement scenario for particular diagnosis tests related to NGS are the key drivers leading the market with low cost, high speed, accuracy are main advantages. Lack of skilled professionals, ethical and legal limitations are the resistance. New technology with include machine learning, predictive algorithms, automation of global analytic libraries, data scientists anticipate a multiple opportunity toward the global next-generation sequencing market.
Global next generation sequencing market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report gives historical, current, and future market sizes on the basis of product type, application, technology, end user, and region. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global next generation sequencing market