Global Next-Generation Sequencing Market valued at $6.3 billion (2021), is set to witness a lucrative growth rate of 16% by 2026
Next-generation sequencing is a technique for determining the sequence of DNA or RNA in order to investigate genetic variations linked to diseases or other biological phenomena. NGS refers to a set of technologies that use massively parallel sequencing to generate millions of short read sequences in a shorter time and with considerably higher throughput. Recent developments in sequencing platforms, growing applications of NGS, increasing demand for NGS services, development of advanced bioinformatics tools, high investments in R&D, and growing incidence of cancer and infectious diseases are some of the key factors driving the growth of the global next-generation sequencing market. Technological advancements in sequencing platforms to fuel its market demand Continuous advances in sequencing technology have enabled to develop efficient, portable, and easy-to-use NGS sequencers to deliver swift and precise results while also reducing turnaround times. Such advancements tend to provi...