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The most exciting is to observe that, factors such as technological advancements in Next-Generation Sequencing (NGS) platforms, increasing applications of NGS, growing partnerships and collaborations, and increasing adoption of Next-Generation Sequencing (NGS) among research laboratories and academic institutes are driving the growth of this market.
The next-generation sequencing market is expected to reach USD 12.45 Billion by 2022 from USD 4.90 Billion in 2017, at a CAGR of 20.5% between 2017 and 2022, according to Research and Markets.
The firm also reveals that , the Next-Generation Sequencing (NGS) market is categorized into pre-sequencing products and services, NGS platforms, consumables, services for platforms, sequencing services, and bioinformatics. In 2017, the consumables segment is expected to account for the largest share of the market.