DUBLIN–(BUSINESS WIRE)–The “Asia-Pacific and Middle East NGS Market: Focus on Offering, Platform, Throughput, Technology Type, Application, End User, and Country Analysis – Analysis and Forecast, 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The Asia-Pacific and Middle East NGS market was valued at $1,055.6 million in 2022 and is anticipated to reach $2,370.7 million by 2027, witnessing a CAGR of 17.56% during the forecast period 2022-2027.
The market is driven by factors such as the increasing adoption of NGS in various research and diagnostics fields, growing prevalence of non-communicable disorders, and advancement in the performance of NGS platforms.
Market Lifecycle Stage
The Asia-Pacific and Middle East NGS market is highly consolidated. This market still holds significant potential for growth as technological developments in NGS platforms and initiatives to integrate genomics in healthcare are ongoing.
The opportunity for growth of the Asia-Pacific and Middle East NGS market lies in development of economical and portable technologies.
Recent Developments in the Asia-Pacific and Middle East NGS Market
Demand – Drivers and Limitations
The following are the drivers for the Asia-Pacific and Middle East NGS market:
The market is expected to face some limitations as well due to the following challenges:
Key Attributes:
Report Attribute | Details |
No. of Pages | 217 |
Forecast Period | 2022 – 2027 |
Estimated Market Value (USD) in 2022 | $1055.6 Million |
Forecasted Market Value (USD) by 2027 | $2370.7 Million |
Compound Annual Growth Rate | 17.6% |
Regions Covered | Asia Pacific, Middle East |
Key Companies Profiled
Market Segmentation
Segmentation 1: by Offerings
The Asia-Pacific and Middle East NGS market (by offerings) is expected to be dominated by the consumables segment.
Segmentation 2: by Platform
The Asia-Pacific and Middle East NGS market (by platform) is expected to be dominated by Illumina, Inc.
Segmentation 3: by Throughput
The Asia-Pacific and Middle East NGS market (by throughput) is expected to be dominated by the high-throughput segment.
Segmentation 4: by Technology Type
The Asia-Pacific NGS market (by technology type) is expected to be dominated by the sequencing by synthesis segment.
Segmentation 5: by Application
The Asia-Pacific NGS market (by application) is expected to be dominated by the translational research segment.
Segmentation 6: by End User
The Asia-Pacific NGS market (by end-user) is expected to be dominated by the academic and research institutes segment.
Segmentation 7: by Country
The Asia-Pacific NGS market (by country) is expected to be dominated by Japan and the Middle East NGS market (by country) is expected to be dominated by the U.A.E.
For more information about this report visit https://www.researchandmarkets.com/r/msxwqe
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