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(Medical-NewsWire.com, May 24, 2018 ) Overview
Next Generation sequencing (NGS) otherwise called high-throughput sequencing empowers researchers to arrange and collect billions of short DNA strands. The appearance of Next Generation sequencing innovation has created noteworthy changes in the sequencing procedure by giving high throughput, speed, adaptability, and lessened sequencing cost. NGS can produce several gigabases of nucleotide succession information in the same sequencing run. The innovation is rising at a quick rate because of its developing selection in clinical applications, as it permits examining of entire genomes or focused on genomes in a small span of time. Likewise, reduction in the cost of sequencing has additionally extended the utilization of Next Generation sequencing in an assortment of clinical applications. The strategy has conferred its utilization in different clinical applications like cancer and inherited genetic disorders.
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Underlying Causes
As of now, the Next Generation sequencing market is solidified with not many market players because of the inclusion of a large number of complicated technologies and the low target audience group. The costly Next Generation sequencing system requires huge investment for establishment, support, reagents and yield investigation. Most respondents have proposed sequencing as an administration business instead of a speculation for in-house examine. Presentation of bench top sequencers empowering usability to specialists is additionally anticipated to push the market development further. Outsourcing sequencing is estimated to remain a noteworthy supporter of the market revenue in the coming years.
The true potential of this technology lies in the personalized medicine and sequencing genomes of individuals. However, high dependence on the government funds, and lack of proper infrastructure to store and manage the data generated are expected to restrict the market growth in the forecast period.
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Geographic Segmentation
Geographic Segmentation for the Global Next Generation Sequencing Market is done in Europe, Latin America, Asia Pacific, North America and Middle East and Africa. The Global Next Generation Sequencing market size was around USD 2.5 Billion in 2016. It is expected to grow at a CAGR of 18.66 % to reach USD 7.01 Billion by 2021.
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Major companies in the Next Generation Sequencing Market are Thermo Fischer Scientific, Pacific Biosciences, Macrogen Inc.,Partek Inc., Genomatix Software GmbH, Perkin Elmer inc.,GATC Biotech Ag, Agilent Technologies Inc., Biomatters Ltd., BGI (Beijing Genomics Institute), Oxford Nanopore Technologies Ltd.,DNASTAR Inc., Knome Inc., and Qiagen N.V.
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