Next-Generation Sequencing (NGS) Market Size, Share and Industry Analysis By Type (Products, Instruments & Software, Consumables, Services), By Application (Diagnostics, Research), By End User (Research Institutes, Healthcare Facilities & Diagnostic Centres, Pharmaceutical & Biotechnological Companies, Contract Research Organization) & Regional Forecast To 2026
The next-generation sequencing (NGS) market is experiencing rapid growth, revolutionizing genomic research, personalized medicine, and diagnostics. NGS technology enables scientists and healthcare professionals to analyze vast amounts of DNA and RNA data quickly and accurately, providing insights into genetic variations, disease mechanisms, and potential therapeutic targets.Â
According To Research Done By Fortune Business Insights, The global next-generation sequencing (NGS) market size was valued at USD 6,335.2 Million in 2018 and is Projected to Reach USD 31,411.3 Million by 2026, Exhibiting a CAGR of 22.2%... Read More at:-  https://www.fortunebusinessinsights.com/industry-reports/next-generation-sequencing-ngs-market-101000
The market for NGS is expanding as the cost of sequencing decreases and the demand for precise and comprehensive genetic information increases. Applications of NGS range from cancer genomics and rare genetic disorders to infectious disease surveillance and pharmacogenomics. Additionally, advancements in bioinformatics and data analysis tools enhance the interpretation of NGS data, driving further adoption. Key players in the market are continuously innovating to improve sequencing platforms, increase throughput, and reduce turnaround time. With its immense potential to transform healthcare and contribute to precision medicine, the next-generation sequencing market is poised for significant growth and transformative discoveries in the coming years.