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DUBLIN--(BUSINESS WIRE)--Dec 7, 2022--
The NGS+Kits+Industry+is+Expected+to+Reach+%2426+Billion+by+2032%3a+Exponential+Rise+in+Next-Generation+Sequencing+(NGS)+Demand+due+to+Reducing+Cost+of+Genome+Sequencing&utm_exec=jamu273prd" rel="nofollow" shape="rect">"NGS Kits Market - A Global and Regional Analysis: Focus on Workflow, Sequencing Type, Usage, Application, End User, and Region - Analysis and Forecast, 2022-2032" report has been added to ResearchAndMarkets.com's offering.
In 2021, the global NGS kits market was valued at $4,553.6 million, and it is expected to reach $26,057.4 million by 2032, growing at a CAGR of 17.27% during the forecast period 2022-2032.
The growth in the global NGS Kits market is expected to be driven by advancements in sequencing technology benefiting the treatment and diagnostics coupled with the presence of regulatory framework pertaining to sequencing and governments investing in large clinical and diagnostic laboratories to enable reliable NGS testing for a variety of chronic and infectious ailments.
Market Lifecycle Stage
The global NGS kits market is in progressing phase. Next-generation sequencing (NGS) has recently seen a rapid surge in popularity and has emerged as a crucial diagnostic tool for many diseases. The NGS kits market is a disruptive technical advancement in the life sciences sector that has cleared the way for the creation of various ground-breaking medicinal techniques intended to solve the main global health concern.
Impact of COVID-19
The COVID-19 pandemic has resulted in showcasing a positive impact on the overall market, owing to its increased adoption for the diagnosis of respiratory virus i.e. coronavirus. NGS is a useful technology for characterizing and finding viruses in the environment, animals, and people during viral pandemics.
Additionally, NGS can offer helpful information to researchers and medical professionals who are trying to create the best possible treatment alternatives. Steps performed in the COVID-19 testing process include extracting RNA sample from the patients, which is then reverse transcribed to cDNA, and then amplified using PCR. Before the PCR step, however, a sample library needs to be prepared which is the most time-consuming step of the entire process. Thus, with the help of NGS kits, this protocol can be performed quickly. Therefore, with the emergence of COVID-19, the popularity of NGS kits has increased.
Recent Developments in the Global NGS Kits Market
Market Dynamics
Drivers
Challenges
Opportunities
Companies Mentioned
Market Segmentation
Segmentation 1: by Workflow
Segmentation 2: by Sequencing Type
Segmentation 3: by Usage
Segmentation 4: by Application
Segmentation 5: by End-User
Segmentation 6: by Region
For more information about this report visit NGS+Kits+Industry+is+Expected+to+Reach+%2426+Billion+by+2032%3a+Exponential+Rise+in+Next-Generation+Sequencing+(NGS)+Demand+due+to+Reducing+Cost+of+Genome+Sequencing&utm_exec=jamu273prd" rel="nofollow" shape="rect">https://www.researchandmarkets.com/r/x79z79
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KEYWORD:
INDUSTRY KEYWORD: TECHNOLOGY BIOTECHNOLOGY HEALTH OTHER HEALTH PHARMACEUTICAL OTHER SCIENCE OTHER TECHNOLOGY MEDICAL DEVICES INFECTIOUS DISEASES GENERAL HEALTH GENETICS SCIENCE COVID-19 MEDICAL SUPPLIES
SOURCE: Research and Markets
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PUB: 12/07/2022 11:16 AM/DISC: 12/07/2022 11:16 AM
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