London, 08 May 2015 – Technavio has published a new industry report on the next-generation sequencing (NGS) market, which is expected to grow at a CAGR of 21% from 2015-2019.
Next-Generation Sequencing: About the Report
NGS technology— used to sequence millions of small fragments of DNA simultaneously—is being increasingly adopted by clinical customers, a factor which could prove to be a turning point for the market. Researchers have expressed a strong interest in resequencing multiple human genomes over time to identify genetic variations in groups or populations.
“In the next three-five years, clinicians expect to integrate genomic data of increased complexity to improve diagnostic processes,” says Faisal Ghaus, Vice President of Technavio.
“We have seen increased sequencing of patient tumor genomes and various samples to identify factors influencing cancer progression, treatment and potential disease causes.”
The latest report by Technavio also emphasizes large corporations that are partnering with specialized companies to enhance their business in core segments like DNA genome sequencing.
“Strategic alliances leverage the expertise in DNA sequencing and accelerate drug discovery efforts, which ultimately provides new therapies for patients with serious medical conditions,” says Ghaus.
NGS: Market Scope and Calculation of Market Size
This report covers the present scenario and the growth prospects of the NGS market from 2015-2019. To calculate the market size, the report considers revenue from sales of equipment, reagents and consumables used in NGS commercial entities like hospitals and research institutes.
Key Information Covered in the Report:
- Key Vendors:
- Illumina Inc.
- Roche Diagnostics
- Thermo Fisher Scientific Inc.
Market Growth Drivers:
- Increase in Adoption by New Customers
- For a full detailed list, view our report.
Market Challenges:
- Technical and Implementation Issues
- For a full detailed list, view our report.
Market Trends:
- Strategic Alliances
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
