Next Generation Sequencing (NGS) Data Analysis Market is anticipated to grow significantly in the years to come owing to the developments in the next generation sequencing platforms. Next generation sequencing is also termed as high-throughput sequencing that describes multiple modern sequencing technologies. These modern technologies enable the sequencing of DNA and RNA speedily and inexpensively as compared to the traditional technologies and have transformed the study of molecular biology and genomics.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/next-generation-sequencing-data-analysis-market/request-sample
The key driving factors responsible for the growth of Next
Generation Sequencing (NGS) Data Analysis market :
Next generation sequencing (NGS)
data analysis is used in multiple areas like discovery of biomarker,
personalized medicine, agricultural & animal research, oncology studies,
etc. Hence, the application of next generation sequencing (NGS) data analysis
is increasing, which is driving the market growth. Next generation sequencing
data analysis market is also driven by the increasing application of NSG in
technological innovations of NSG. However, the ethical and legal issues
concerning NGS is hampering the market growth of next generation sequencing
data analysis.
Nevertheless, the effect of
driving factors is expected to overcome the impact of limitations. Moreover,
implementation of cloud computing for data management in NGS and unexplored
emerging areas is projected to offer new opportunities to the manufacturers of
next generation sequencing (NGS) data analysis industry.
NGS data analysis market is
categorized on the basis of product, technology, application, end user, and
geography. On the basis of product, the market is divided into consumables
(sample preparation and others), platforms (HiSeq, MiSeq, ion torrent, SOLiD,
others) and services (data management and sequencing services). Consumables
segment is anticipated to lead next generation sequencing data analysis
industry due to the introduction of easy-to-use consumables and increasing
number of sequencing procedures.
In terms of application, next
generation sequencing (NGS) data analysis market is divided into diagnostics,
reproductive health, animal & agriculture research, personalized medicine,
biomarkers & cancer and others. Diagnostics segment is predicted to lead
the market of next generation sequencing data analysis owing to the increasing
number of cancer cases.
On the basis of end user, NGS
data analysis industry is divided into pharmaceuticals, hospitals and clinics,
government & academic research institutes and biotechnology companies.
Government & academic research institute segment is expected to grow
significantly in coming years owing to increasing collaborations among academic
institutions and next generation sequencing (NGS).
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/next-generation-sequencing-data-analysis-market
No comments:
Post a Comment