Next-Generation Sequencing Market to Reach US$ 31,411.3 Mn, Introduction of Rapid Sequencing Technologies Drives the Mar

1. Title : Next-Generation Sequencing Market to Reach US$ 31,411.3 Mn, Introduction of Rapid Sequencing Technologies Drives theMarket Description : Next-Generation Sequencing Market to Rise at 22.2% CAGR, Rising Adoption of NGS Platforms for the Treatment of Rare Disorders Boosts Growth: Fortune Business Insights Content: The Global Next-Generation Sequencing Marketis forecast to exhibit a remarkable CAGR as the next-generation sequencing platform allows effective sequencing of millions of DNA molecules. Fortune Business Insights in a new report, titled“ Next-Generation Sequencing: Global Market Analysis, Insights and Forecast, 2019-2026” offers a detailed analysis of the competitive landscape and market dynamics. As per the report, the global market is expected to rise at a ferocious CAGR of 22.2% between 2018 and 2026. In 2018, the market was worth US$ 6,335.2 Mn and the market will be a howling success as it is projected to reach US$ 31,411.3 Mn by 2026. The demand for next-generation sequencing methodologies is increasing rapidly across several applications such as diagnostics, clinical research amongothers. An Overview of the Impact of COVID-19 on thisMarket: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses acrossindustries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by thepandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of corona virus outbreak across industries to help you prepare for thefuture. Click here to get the short-term and long-term impact of COVID-19 on this[Market]. For More Information : https://www.fortunebusinessinsights.com/industry-reports/next- generation-sequencing-ngs-market-101000 Adapative Technologies developed a next-generation sequencing diagnostic test called ClonoSEQ for patients suffering fromacute lymphoblastic leukemia or ALL and minimal residual disease or MRD. The test received FDA approval in September 2018, which in turn, contributes to the growth of the market in NorthAmerica. Increasing investments in precision medicine and a growing number of strategic collaborationsaredrivingthemarketinEurope.Drivenbythesefactors,themarketinthis

2. region is expected to expand in the forecast period. Apart from these two regions, Asia Pacific is expected to expand at a remarkable growth on account of risinggeriatric Demand for Next-Generation Sequencing Services to Rising at a HighPace Next-generation sequencing products encompass instruments, consumables, and software. According to the findings from the report, the next-generation sequencing product segment is anticipated to lead the market over the forecast period. This is ascribable to some primary factors such as new product launches, high usage of consumables, and easy availability. Apart from next-generation sequencing products, next-generation sequencing services are expected to grow at a higher CAGR during the forecastperiod. The need for novel platforms regarding advancements in bioinformatics and fast DNA data interpretation are paving the way for start-ups, especially for next-generation sequencing services. With the introduction of next-generation sequencing, the cost of sequencing has reduced over theyears. More Trending Topics from Fortune Business Insights: Medical Imaging Equipment Market, Share, Growth, Sales and Drivers Analysis Research Report2026 Medical Imaging Equipment Market to Value US$ 44,077.7 Mn at CAGR of 4.6% by 2025 | Exclusive Report by Fortune BusinessInsights