Overview:

In the year 2018, Asia-Pacific Next Generation Sequencing (NGS) Market was valued at USD 0.8 Billion. By the year 2023, it is expected to reach USD 2.49 Billion at pace of 25.35% CAGR.

Next Generation sequencing is a method of DNA sequencing to determine the order of nucleotides in a DNA molecule. The next-generation sequencing technology enables rapid sequencing and produces millions of sets of DNA and RNA using the following technology sequencer. NGS is capable of generating hundreds of gigabases of nucleotide sequence data in a single sequencing sequence. Next Generation Sequencing is used in various clinical applications such as cancer, inherited genetic diseases, HLA typing and infectious disease identification.

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Underlying Causes

The growth for Asia-Pacific Next Generation Sequencing (NGS) Market is driven due to factors like increasing automation in the pre-sequencing protocols, rising demand for personalized medicine, increasing incidence of infectious diseases, and rising applications in clinical diagnosis. In addition, advancement of technologies in drug discovery applications, increasing investments for R&D activities, and introduction of innovative and effective drugs are expected to drive the market growth. However, huge investments required for R&D activities, lack of skilled professionals, and strict regulatory policies are the restraining factors which are expected to hinder the growth rate for Asia-Pacific Next Generation Sequencing (NGS) Market during the forecast period.

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Geographic Segmentation:

Based on geography the Asia-Pacific Next Generation Sequencing (NGS) Market has been primarily divided into China, India, South Korea, Japan and Australia. China and Japan holds the largest market share in the Next Generation Sequencing (NGS) Market followed by India and Australia during the forecast period.

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Key Players:

Leading companies for Asia-Pacific Next Generation Sequencing (NGS) Market are Illumina Incorporated, Thermo Fischer Scientific, Life Sciences (Roche), Pacific Biosciences, Macrogen Inc.,Partek Inc., Genomatix Software GmbH, Perkin Elmer inc.,GATC Biotech Ag, Agilent Technologies Inc., Biomatters Ltd., BGI (Beijing Genomics Institute), Oxford Nanopore Technologies Ltd., DNASTAR Inc., Knome Inc. and Qiagen N.V.

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