The major factors that hinder growth of the global next generation sequencing market include the storage and management issue of enormous data generated by next generation sequencing and its interpretation. In spite of tremendous advancements to broaden NGS applications from research to clinic, NGS still presents enormous challenges in terms of data storage, processing, quality control management and interpretation, which slow the translation from the bench-top to the bed-side
Market Opportunities: Rise in the research and development activities
The declining cost of sequencing per genome is improving the affordability and allowing new clinical and research applications. The developments in single-cell sequencing and spatial transcriptomics provide new opportunities in precision medicine and disease research. Additionally, the sequencing of various genomes is helping in better understanding of thousands of genetic disorders and opening avenues for new treatment development.
Next Generation Sequencing Market Report Snapshots
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