Europe Next Generation Sequencing Market Developments and Forecast by 2025
Europe Next Generation Sequencing Market to 2025 - Regional Analysis and Forecasts by Product (Platforms, Services, Consumables); Service (Genome Sequencing, Exome Sequencing, Resequencing Targeted Sequencing, & Other Sequencing Technologies); Application (Diagnostics, Drug Discovery, Precision Medicine, & Other Applications); & End User (Academic & Research Institutes, Pharmaceutical & Biotechnology Companies, Hospitals Clinics, & Other End Users), and Country
- Status : Published
- Report Code : TIPRE00005459
- Category : Life Sciences
- No. of Pages : 123
- Available Report Formats :
- Last update date : June 15, 2019
2017 Market Size
US$ 1,633.4 Mn
Base year value
2025 Forecast
US$ 7,685.4 Mn
Projected by 2025
CAGR 2018-2025
21.4 %
Growth rate
Addressable Market
US$ 34,450.55 Mn
(2018-2025)
The Europe next generation sequencing market is expected to reach US$ 7,685.4 Mn in 2025 from US$ 1,633.4 Mn in 2017. The market is estimated to grow with a CAGR of 21.4% from 2018-2025.
The growth of the market is driven by the factors such as, technological advancements in sequencing and development in genomics. However, the market is likely to get impacted due to nonexistence of skilled professionals and high risks associated with genetic data in next generation sequencing in the region.Advancement in the field of molecular biology has equally enhanced the sequencing procedures. Many industry players have come up with innovative NGS technology in last few years. The techniques such as cloning, gene sequencing, genome engineering has results into the generation of genetically modified organisms. The technological advancement as headed emergence of the New Bioeconomy, which is the replacement of petrochemical-based manufacturing and fermentation-based manufacturing products. For instance, in October 2018, Roche launched three new next-generation sequencing (NGS) AVENIO Tumor Tissue Analysis Kits, the AVENIO Tumor Tissue Targeted Kit, Expanded Kit and Surveillance Kit. The kits detect all four mutation classes in solid tumors, complement Roche’s NGS ctDNA kits for oncology research. Additionally, Pacific Biosciences with Sequel, and Oxford Nanopore with PromethION. Additionally, three advances NSG systems that dominate the market includes Roche GS FLX, Illumina HiSeq 2000 and AB SOLiD.
NGS makes sequence based gene expression analysis a “digital” alternative to analog techniques. It also aids in quantifying RNA expression with the breadth of a microarray and the resolution of qPCR. Advancement in genome sequencing have added various solution for most of the industries such as, pharmaceutical and agriculture. These technological advancement are likely to grow the market in near future. Thus, technological advancements are expected to bring about innovative treatments in the market thereby driving the Europe next generation sequencing market growth over the forecast years.
Germany is expected to lead the market in the Europe region owing to increasing funds and growing number of cancer patients in the country. Moreover, increasing focus of on R&D is helps to drive the market growth in the forecast period. Therefore, considering the above mentioned factors the growth of the market in the country is likely to contribute largest share in the Europe region during the forecast period.
Rest of Europe Next Generation Sequencing Market Revenue and Forecasts to 2025 (US$ Mn)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
EUROPE NEXT GENERATION SEQUENCING - MARKET SEGMENTATION
By Product
• Consumables• Services• Platforms
By Technology
• Genome Sequencing • Exome Sequencing • Resequencing & Targeted Sequencing• Other
By Application
• Diagnostics• Drug Discovery • Precision Medicine • Others
By End User
• Academic & Research Institutes• Pharmaceutical & Biotechnology Companies• Hospitals & Clinics• Others
By Geography
• Europe• UK• Germany• France
Company Profiles
• Illumina, Inc.• Thermo Fisher• Qiagen N.V.,• Beijing Genomics Institute• PerkinElmer, Inc.• F.Hoffman-La Roche Ltd.• Agilent Technologies• Eurofins Scientific• Oxford Nanopore Technologies Ltd.• Macrogen Inc.
Europe Next Generation Sequencing Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2017 | US$ 1,633.4 Million |
| Market Size by 2025 | US$ 7,685.4 Million |
| CAGR (2018 - 2025) | 21.4% |
| Historical Data | 2015-2016 |
| Forecast period | 2018-2025 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
Recent Reports
Testimonials
The Insight Partners provided valuable market intelligence that supported our global go-to-market strategy. Their team was professional, responsive, and attentive to our feedback, providing thoughtful analysis and helpful methodological clarifications throughout the project.
Junmo Kim Chief Financial Officer (CFO), Enertech Co., Ltd.
The Insight Partners' SCADA System Market report is comprehensive, with valuable insights on current trends and future forecasts. The team was highly professional, responsive, and supportive throughout. We are very satisfied and highly recommend their services.
RAN KEDEM Partner, Reali Technologies LTDs
I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.
JEAN-HERVE JENN Chairman, Future Analytica
We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.
PIYUSH NAGPAL Sr. Vice President, High Beam Global
The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services
YUKIHIKO ADACHI CEO, Deep Blue, LLC.
This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.
JOHN SUZUKI President and Chief Executive Officer, Board Director, BK Technologies
I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.
DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.Reason to Buy
- Informed Decision-Making
- Understanding Market Dynamics
- Competitive Analysis
- Identifying Emerging Markets
- Customer Insights
- Market Forecasts
- Risk Mitigation
- Boosting Operational Efficiency
- Strategic Planning
- Investment Justification
- Tracking Industry Innovations
- Aligning with Regulatory Trends
Get Free Sample for