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Bioinformatics Services Market worth $5 3 Billion by 2026 - Exclusive Report by MarketsandMarkets™
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Bioinformatics Services Market worth $5 3 Billion by 2026 - Exclusive Report by MarketsandMarkets
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Next-generation Sequencing (NGS) Market worth $24.2 billion by 2026 - Exclusive Report by MarketsandMarkets Next-generation Sequencing (NGS) Market by Product & Service (Consumables, Platforms, Services, Bioinformatics), Technology (SBS, SMRT), Application (Diagnostic, Drug Discovery, Agriculture), End User (Pharma, Biotech, Academic) - Global Forecast to 2026 , published by MarketsandMarkets, the global NGS Market is projected to reach USD 24.2 billion by 2026 from USD 10.3 billion in 2021, at a CAGR of 18.7% during the forecast period.
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The Advancements in NGS platforms, declining costs of genome sequencing and growing incidence of cancer, and increasing applications of NGS in cancer research are the key factors supporting the growth of the market. However, the end-user budget constraints in developing countries is