North America Next-Generation Sequencing (NGS) Kits Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 2.3 Billion by 2030, growing at a CAGR of 9.7% from 2024 to 2030.
The North America Next-Generation Sequencing (NGS) Kits market is experiencing a transformative phase, driven by advancements in genomic research and the increasing demand for precision medicine. The demand for NGS technology is growing rapidly, as it plays a crucial role in understanding genetic disorders, cancer genomics, and personalized therapies. In the healthcare sector, NGS is gaining traction due to its ability to analyze large datasets with high accuracy, making it indispensable for clinical diagnostics, drug development, and various other applications.
Industries such as biotechnology, pharmaceuticals, and healthcare are heavily reliant on NGS kits to innovate and improve medical treatments. Pharmaceutical companies utilize NGS technology to identify genetic mutations and biomarkers, enabling the development of targeted therapies. The biotech sector leverages NGS for research into new molecular diagnostics and the development of novel biologics. Additionally, academic and research institutions are incorporating NGS tools to advance genetic research, particularly in cancer genomics and rare diseases.
Furthermore, the agriculture industry is seeing a growing demand for NGS applications in crop improvement, pest resistance studies, and livestock genomics. These applications are expected to expand as NGS tools provide valuable insights into genetic traits that can enhance food security. The integration of artificial intelligence with NGS is another emerging trend in the market, promising to streamline data analysis and enhance the accuracy of genomic interpretations.
The increasing demand for personalized medicine is one of the key drivers for the market's growth. NGS enables the identification of individual genetic variations, allowing for more tailored and effective treatments. Furthermore, the continuous evolution of sequencing technology, such as the development of portable NGS kits, has expanded its usability across different sectors. As regulatory frameworks continue to evolve, the demand for high-quality and standardized NGS kits will continue to rise across North America.
North America Next-Generation Sequencing (NGS) Kits Market
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Foundation Medicine
Thermo Fisher Scientific
Illumina
MSKCC
Nanjing Geneseeq
Burning Rock Biotech
Novogene
Amoydxmed
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Next-Generation Sequencing (NGS) Kits Market
Hospitals and Clinics
Biopharma Companies
Research Organizations
Others
Based on Types the Market is categorized into Below types that held the largest Next-Generation Sequencing (NGS) Kits market share In 2023.
BRCA
EGFR
BRAF
Others
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Next-Generation Sequencing (NGS) Kits Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Next-Generation Sequencing (NGS) Kits Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Next-Generation Sequencing (NGS) Kits Market, By Type
6. North America Next-Generation Sequencing (NGS) Kits Market, By Application
7. North America Next-Generation Sequencing (NGS) Kits Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Next-Generation Sequencing (NGS) Kits Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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