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Europe Next Generation Sequencing Market Research Report – Segmented By Product, Technology, Application and Country (United Kingdom, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 94
Pages: 145
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Europe Next Generation Sequencing Market Size (2022 to 2027)

The Europe NGS Market size is estimated to be USD 1.34 billion by the end of 2022 and is expected to reach USD 2.71 billion by 2027, showing a CAGR of 15.17% during the forecast period.

Next-generation sequencing has been commonly used in the medical field to determine the patient's genetic composition. For the necessary physical and genetic improvements, NGS has also been used to modify plants and animals. In addition, NGS also enables biomarker discovery and genetic disease identification. Therefore, the NGS is used to produce precision medicine for the patient's genetic data to provide personalized care.

Increased usage of personalized medicine, development in NGS bioinformatics and pre sequencing solutions and cloud computing, growth in population, increasing prevalence of infectious diseases, and chronic diseases such as cancer are few factors driving the market growth. Besides, the anticipated decrease in the prices of genome sequencing due to the development of rapid, high-capacity whole genome sequencers by key players is expected to show an optimistic effect on market penetration rates over a few years.

The extensive use of genomics for medical purposes has had a significant effect on the development of Europe's next-generation sequencing industry in the years to come. Genomics consists of different technologies, like next-generation sequencing (NGS), genome editing, gene synthesis, and more.

The European Next Generation Sequencing market's driving factors are quicker and cost-effective sequencing, increasing NGS choice over other platforms, and increasing hereditary disease prevalence. However, genomics in drug development and discovery, the increasing incidence of cancer and other malignant diseases, and collaborations between businesses, Research & Development centers, and universities complement production. The storage and management of data generated by sequencing and its interpretation, high reliability on grants & funding from the government, and fall in capital expenditure from academic institutions are critical challenges for the European next-generation sequencing market.

This research report on the European NGS Market has been segmented and sub-segmented into the following categories:

By Product: 

  • Software
  • Services

By Technology: 

  • Targeted Re-Sequencing
  • Whole Genome Sequencing
  • De Novo Sequencing
  • Exome Sequencing
  • RNA-Seq
  • ChIP-Seq
  • Methyl-Seq

By Application: 

  • Diagnostics
  • Drug Discovery
  • Biomarker Discovery
  • Personalized Medicine
  • Agriculture
  • Animals Research

By Country: 

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Regionally, the European next-generation sequencing market is one of the prominent regional markets in the global market. An increasing number of transfusion procedures is expected to be the key driver to the growth of the European NGS market. In addition, the increase in complex procedures requiring large blood samples (chemotherapy, heart surgery, organ transplants, etc.) can also have a positive impact on the market, and the low cost of screening is increasing the widespread use and spread of chronic infectious diseases, especially in developing countries. It is mainly used to detect HIV, HCV, and HBV and is recommended for routine use in Europe.

The German NGS market is expected to gain the largest market share by 2027 in the EU regional market. According to the World Health Organization, blood donations increased from 3.4% in 2008 to 3.6% in 2010. About 2 million people in Germany donate blood regularly. In France, NAT is voluntarily implemented to increase the safety of non-enveloped viruses such as the hepatitis A virus (HAV) and parvovirus B19 (B19V).

KEY MARKET PLAYERS:

A few of the noteworthy companies operating in the Europe Next Generation Sequencing (NGS) Market are Illumina Incorporated, Thermo Fischer Scientific, Life Sciences (Roche), Pacific Biosciences, Life Technologies Corp. (Thermo Fischer Scientific), Macrogen Inc., Partek Inc., Genomatix Software GmbH, Perkin Elmer Inc., GATC Biotech AG, Agilent Technologies Inc., Biomatters Ltd., CLC Bio (Qiagen), BGI (Beijing Genomics Institute), Oxford Nanopore Technologies Ltd., Pacific Biosciences, DNASTAR Inc., Knome Inc., Illumina Inc., and Qiagen N.V.

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