Clinical Oncology Next Generation Sequencing Market Insights:
The Clinical Oncology Next Generation Sequencing Market size was valued at USD 341.2 Million in 2021, at CAGR of 14.5% during the forecast period (2022-2030), and the market is projected to be worth USD 1154.1 Million by 2030.
The increased adoption of Clinical Oncology Next Generation Sequencing in the Biotechnology industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Clinical Oncology Next Generation Sequencing also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Clinical Oncology Next Generation Sequencing in many sectors also boosts the market growth during the forecast period.
Next-generation sequencing is a DNA or RNA technology that allows several reactions to take place at the same time. This is one of the most significant uses of next-generation sequencing in oncology. NGS has altered cancer genetics in recent years by giving researchers increased access to genomic and transcriptome data. Oncology screening for therapeutic applications employs next-generation tumour and germline DNA sequencing.
Clinical Oncology Next Generation Sequencing Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Technology (Whole Genome Sequencing, Whole Exome Sequencing, Targeted Sequencing & Resequencing Centrifuges), By Work Flow (Pre-Sequencing, Sequencing, Data Analysis), By Application (Screening, Companion Diagnostics, Other Diagnostics), By End Use (Hospitals, Clinics, Laboratories), and companies (Perkin Elmer; Foundation Medicine; Pacific Bioscience; Oxford Nanopore Technologies Ltd.; Paradigm Diagnostics; Caris Life Sciences; Partek, Inc.; Eurofins Scientific S.E.; Qiagen N.V., Illumina, Inc.; Thermo Fisher Scientific; F. Hoffmann-La Roche Ltd.; Agilent Technologies; Myriad Genetics; Beijing Genomics Institute (BGI)), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 14.5%, over the forecast period of 2022–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Million)||1154.1 Million|
|By Technology||Whole Genome Sequencing, Whole Exome Sequencing, Targeted Sequencing & Resequencing Centrifuges|
|By Workflow||Pre-Sequencing, Sequencing, Data Analysis|
|By Application||Screening, Companion Diagnostics, Other Diagnostics|
|By End-use||Hospitals, Clinics, Laboratories|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Perkin Elmer; Foundation Medicine; Pacific Bioscience; Oxford Nanopore Technologies Ltd.; Paradigm Diagnostics; Caris Life Sciences; Partek, Inc.; Eurofins Scientific S.E.; Qiagen N.V., Illumina, Inc.; Thermo Fisher Scientific; F. Hoffmann-La Roche Ltd.; Agilent Technologies; Myriad Genetics; Beijing Genomics Institute (BGI)|
The COVID-19 pandemic has had a substantial negative influence on the Clinical Oncology Next Generation Sequencing market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Perkin Elmer; Foundation Medicine; Pacific Bioscience; Oxford Nanopore Technologies Ltd.; Paradigm Diagnostics; Caris Life Sciences; Partek, Inc.; Eurofins Scientific S.E.; Qiagen N.V., Illumina, Inc.; Thermo Fisher Scientific; F. Hoffmann-La Roche Ltd.; Agilent Technologies; Myriad Genetics; Beijing Genomics Institute (BGI)
Market Segment Analysis:
- Whole Genome Sequencing
- Whole Exome Sequencing
- Targeted Sequencing & Resequencing Centrifuges
- Data Analysis
- Sporadic Cancer
- Inherited Cancer
- Companion Diagnostics
- Other Diagnostics
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Clinical Oncology Next Generation Sequencing industries in the region.
Key Clinical Oncology Next Generation Sequencing Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Clinical Oncology Next Generation Sequencing Market segments.
– Largest Market Share Held by Industry to Industry for Clinical Oncology Next Generation Sequencing
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Clinical Oncology Next Generation Sequencing Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
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