4 reasons why the demand for NGS technologies is increasing in 2019

Experts expect next-generation sequencing (NGS) technology to register a CAGR of 19.5% during the time between 2019 and 2023. Currently, North America is a leader in the NGS tech market due to the continually increasing demand for high-speed and high-accuracy methods for diagnosis, treatment, and genomics research.
NGS is a combination of several time-tested high-throughput, high-speed and high-resolution methods. It has made genomes and RNA analysis of complex eukaryotes entirely possible within a couple of hours. It is possible for researchers to study the effects of mutations (IN/DEL, and SNPs) without acquiring extensive knowledge about the nature of the mutation. Therefore, it is no surprise that the market share of NGS technologies is growing at a tremendous rate in 2019.
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Back in 2018, the global market size of NGS was around $4,533 million. By 2026, the global market of NGS is expected to reach a whopping $18,565 million. By 2026, North America is expected to be the market leader in NGS owing to personalized medicine, biomarker and cancer, diagnostics, reproductive health, and agriculture, and animal research.




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