TOP 10 COMPANIES IN NEXT GENERATION SEQUENCING SERVICES MARKET
Added: (Wed Dec 06 2023)
Pressbox (Press Release) -
The global Next Generation Sequencing Services Market is poised for remarkable growth, projecting a robust Compound Annual Growth Rate (CAGR) of 19.9% from 2023 to 2030, with an estimated market value of $20.39 billion by the end of the forecast period.
Driving Forces: The market's upward trajectory is fueled by several key factors, including the decreasing costs associated with sequencing procedures, the approval of novel targeted therapies, a surge in cancer prevalence, strategic partnerships between NGS service providers and pharmaceutical companies, the substantial investment in sequencing infrastructure, and ongoing technological advancements in NGS.
Challenges: Despite these promising trends, the market faces challenges such as the existence of alternative technologies, a shortage of skilled professionals for sample preparation and analysis, and limited actionable mutations for precision medicine.
Growth Opportunities: Nevertheless, the expanding applications of NGS in cancer and agri-genomics research, coupled with advances in sequencing data analytics, present substantial growth opportunities for the market.
Top 10 Companies Driving Innovation: Here are the top 10 companies at the forefront of the Next Generation Sequencing Services Market: https://meticulousblog.org/top-10-companies-in-next-generation-sequencing-services-market/
1. Illumina, Inc. (U.S.)
Founded in 1998, Illumina offers sequencing and array-based solutions globally.
Provides NGS services through Core Illumina segment, including whole-genome sequencing and noninvasive prenatal testing.
Operates in North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa.
2. Eurofins Scientific S.E. (Luxembourg)
Established in 1987, Eurofins provides analytical testing services across industries.
Operates in the NGS Services market through BioPharmaceutical Services and Clinical Diagnostics business area.
Geographic presence in over 60 countries.
3. Invitae Corporation (U.S.)
Founded in 2010, Invitae offers genetic testing services across various clinical areas.
Key presence in the U.S., the U.K., Canada, Germany, India, Australia, Japan, the Netherlands, and Brazil.
4. Foundation Medicine, Inc. (U.S.)
Founded in 2010, a subsidiary of F. Hoffmann-La Roche AG (Switzerland).
Specializes in assays for next-generation sequencing, genomic profiling, and immunohistochemistry.
Presence in the U.S., Brazil, Romania, and Germany.
5. Beijing Genomics Institute (China)
Established in 1999, BGI provides proteomics and genomics sequencing services globally.
Majority of sequencing services conducted on the DNBSEQ NGS platform.
Offices in Denmark, the U.S., China, and Japan.
6. DirectLabs, LLC. (U.S.)
Founded in 1993, DirectLabs offers direct access laboratory testing across the U.S.
Aims to prevent and detect early disease through affordable direct-to-consumer laboratory testing services.
7. Novogene Co., Ltd. (China)
Founded in 2011, Novogene operates as a genomics solution provider globally.
Expertise in NGS; subsidiaries in the U.S., China, Singapore, the U.K., and other regions.
8. PerkinElmer, Inc. (U.S.)
Established in 1937, PerkinElmer offers products and services for the life sciences, diagnostics, and applied markets.
Rebranded its genomics services business as Revvity Omics in May 2023.
9. Macrogen, Inc. (South Korea)
Founded in 1997, Macrogen offers precision medicine and NGS services globally.
Subsidiaries and branches in the U.S., Europe, Singapore, Japan, and Spain.
10. QIAGEN N.V. (Netherlands)
Founded in 1984, QIAGEN provides sample and assay technologies for molecular diagnostics and research.
Offers a wide range of NGS services through its custom laboratory and genomic services.
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Industry Insights: For a comprehensive analysis of each company, including recent financial performance, key products, company strategies, and partnerships and acquisitions, refer to Meticulous Researchฎ's latest report on the Next Generation Sequencing Services Market Global Opportunity Analysis and Industry Forecast (2023-2030).
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