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(Medical-NewsWire.com, October 17, 2017 ) The Europe NGS market which was worth $0.96 billion by the end of 2016 is expected to reach $2.33 billion by 2021 at a CAGR of 19.3%.The Next Generation Sequencing market is categorized by product (software and services) and by applications. By product it is segmented into whole targeted re-sequencing, genome sequencing, exome sequencing, de novo sequencing, RNA-Seq, ChIP-Seq and Methyl-Seq. By application it is sub segmented into diagnostics, drug discovery, biomarker discovery, personalized medicine, and animal & agriculture research. On the basis of geography, the European Next Generation sequencing Market is analysed under various regions namely, Spain, Germany, UK, France and Italy.
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Increased usage of personalized medicine, development in NGS bioinformatics and pre sequencing solutions and cloud computing, growth in population, increasing prevalence of infectious diseases and chronic diseases such as cancer are few factors driving the market growth. In addition, anticipated decrease in the prices of genome sequencing due to development of rapid, high capacity whole genome sequencers by key players is anticipate to show an an optimistic effect on market penetration rates over the few years. However, the storage and management of data generated by sequencing and its interpretation, high reliability on grants & funding from the government and fall in capital expenditure from academic institutions are some of the key challenges for Europe next generation sequencing market.
Illumina Incorporated, Thermo Fischer Scientific, Life Sciences (Roche),Pacific Biosciences, Life Technologies Corp. (Thermo Fischer Scientific), Macrogen Inc.,Partek Inc., Genomatix Software GmbH, Perkin Elmer inc.,GATC Biotech Ag, Agilent Technologies Inc., Biomatters Ltd., CLC Bio (Qiagen), BGI (Beijing Genomics Institute), Oxford Nanopore Technologies Ltd.,Pacific Biosciences, DNASTAR Inc., Knome Inc., Illumina Inc., and Qiagen N.V.
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Market Segmentation
1) By Product
Software
Services
2) By Technology
Whole Targeted Re-Sequencing
Genome Sequencing
De Novo Sequencing
Exome Sequencing
RNA-Seq
ChIP-Seq
Methyl-Seq
3) By Application
Diagnostics
Drug Discovery
Biomarker Discovery
Personalized Medicine
Agriculture and Animals Research
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Reasons to buy Europe Next Generation Sequencing (NGS) market Research Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
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A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
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