Next Generation Sequencing (NGS) Market worth $8.7 Billion by 2020

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MarketsandMarkets Presents
Next Generation Sequencing (NGS) Market worth
8.7 Billion by 2020
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The Next Generation Sequencing (NGS) Market by
Platforms (Illumina HiSeq, MiSeq, HiSeqX Ten,
NextSeq 500,Thermo Fisher Ion Proton/PGM),
Bioinformatics (Exome Sequencing, RNA-Seq,
ChIP-Seq), Technology (SBS, SMRT) by
Application (Diagnostics, Personalized Medicine)
Global Forecast to 2020, analyzes and studies
the major market drivers, restraints, and
opportunities in North America, Europe, Asia and
Rest of World. Browse 130 market data tables
with 52 figures spread through 242 pages and
in-depth TOC on "Next Generation Sequencing (NGS)
Market by Platforms (Illumina HiSeq, MiSeq,
HiSeqX Ten, NextSeq 500,Thermo Fisher Ion
Proton/PGM), Bioinformatics (Exome Sequencing,
RNA-Seq, ChIP-Seq), Technology (SBS, SMRT) by
Application (Diagnostics, Personalized Medicine)
Global Forecast to 2020". http//www.marketsand
markets.com/Market-Reports/next-generation-sequenc
ing-ngs-technologies-market-546.html
 
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• This report studies the global NGS market over
  the forecast period of 2014-2020.
• The global NGS market will be worth 2.5 billion
  by the end of 2014 and is poised to reach 8.7
  billion by 2020 at a CAGR of more than 20.0. The
  growth of the overall NGS market is driven by
  continuous innovations and developments in the
  market aimed at higher throughput, increased
  accuracy, and affordable costs.

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• The cost for whole genome sequencing has
  reached the much awaited 1,000 mark as claimed
  by the market leader Illumina. The opportunities
  for the growth of this market include
  developments in pre-sequencing, cloud computing,
  and NGS bioinformatics solutions. However,
  factors such as high reliability on grants and
  funding from the government and decrease in
  capital expenditure from academic institutions
  are hindering the growth of the market. In
  addition, the interpretation of big data
  generated by sequencers and the subsequent
  storage and management of analyzed data is still
  a challenge. Owing to the complexity of NGS
  technologies and data, standardization of the
  overall NGS workflow is still an unmet need.

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• This research report categorizes and analyzes
  the global NGS market on the basis of steps in
  the NGS workflow, NGS technologies, and NGS
  applications. All these markets are further
  divided into segments and sub-segments, to
  provide exhaustive value analysis for the years
  2012, 2013, 2014 and forecast to 2020. Based on
  the NGS workflow, NGS pre-sequencing, sequencing
  and data analysis form the overall NGS market. 

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• The NGS data analysis market includes the
  market by product (software and services) and by
  applications such as whole genome sequencing,
  exome sequencing, targeted re-sequencing, de novo
  sequencing, RNA-Seq, ChIP-Seq and Methyl-Seq.
  Some of the major applications of NGS include
  diagnostics, drug discovery, biomarker discovery,
  personalized medicine, and agriculture and
  animals research. Each market is comprehensively
  analyzed at a granular level by geography (North
  America, Europe, Asia, and Rest of the World) to
  provide in-depth information on the global
  scenario.

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• North America is poised to account for the
  largest market share of the NGS market, followed
  by Europe, in 2014. However, Asia presents
  significant opportunities for investors as the
  developed markets get saturated.

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• The NGS platforms market is a consolidated
  one and will be dominated by Illumina in 2014,
  which accounted for the largest market share of
  more than 70. Other companies with commercial
  platforms include Life Technologies (Thermo
  Fisher Scientific) (U.S.), 454 Roche (U.S.), and
  Pacific Biosciences (U.S.). The NGS
  bioinformatics/data analysis market is highly
  fragmented with key players like CLC bio
  (Denmark) (A member of QIAGEN), Biomatters (New
  Zealand), Partek (U.S.), Genomatix (Germany),
  Knome (U.S.) and DNASTAR (U.S.) dominating this
  market space.

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