Next generation sequencing (NGS) Market Trend, CAGR Status, Growth,
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Major Players in the Next generation sequencing (NGS) Market
The prominent players in the global Next generation sequencing (NGS) market are Agilent Technologies, 10x Genomics, Beckman Coulter (A Subsidiary of Danaher), Becton, Dickinson and Company, Eurofins Scientific, Pacific Biosciences of California, Inc., BGI, Illumina, Inc., F. Hoffmann-La Roche AG, among others.
COMPANY PROFILES (Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
Next Generation Sequencing (NGS) has enabled the sequencing of thousands to millions of DNA molecules at the same time. This powerful tool, by offering a high throughput option with the capability to sequence multiple individuals simultaneously has completely changed certain fields such as genetic diseases, clinical diagnostics andpersonalized medicine.
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Next generation sequencing technologies have brought considerable changes in the sequencing process by providing high throughput, speed, flexibility and also by decreasing the overall cost. This sequencing tool when programmed can help to generate hundreds of nucleotide sequence data in a single sequencing run. The Next Generation Sequencing technology has grown substantially due to the growing adoption in clinical applications in whole genomes or targeted genomes sequencing. The Next Generation Sequencing technology has clinical applications in field like cancer and cancer related disorders, identification of infectious diseases, inherited genetic disorders.
Application of NGS in Oncology
Improvement in the overall NGS technology in terms of pipeline analyses, sequencing chemistry, data interpretation, reliability and costs has led to application of the technique in several fields of medical sciences, including oncology. The utilization of NGS technologies provides accurate and deeper knowledge regarding molecular basis of individual tumors, thereby providing a better, efficient and long lasting treatment option. According to Cancer Research UK, the number of cancer cases reported worldwide in the year 2018, was approximately around 17 million. It is further projected that within the period 2018-2040, the total incidence rate of worldwide cancer will increment by 62%. The growing incidences of cancer are anticipated to present a lucrative growth opportunity for the global Next generation sequencing (NGS) market in the coming years.
Key Points From Table of Contents
RESEARCH METHODOLOGY
1. Research Framework
2. Data Collection Technique
3. Data Sources
3.1. Secondary Sources
3.2. Primary Sources
4. Market Estimation Methodology
4.1. Bottoms Up Approach
4.2. Top Down Approach
5. Data Validation and Triangulation
5.1. Market Forecasting Model
5.2. Limitations of the Study
5.3. Assumptions of the Study
COMPETETIVE LANDSCAPE
1. Market Share Analysis (2018)
2. Key Strategies Assessment
2.1. New Product Launches
2.2. Merger & Acquisitions
2.3. Agreements, Collaborations, & Partnerships
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