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(MoneyNewsWire.Net, October 07, 2017 ) The Latin America NGS market which as worth $ 482 million in 2016 is expected to reach $ 1.36 billion by 2021 at a CAGR of 23%.The Next Generation Sequencing market is categorized by product (software and services) and by applications. By product it is sub segmented into whole targeted re-sequencing, genome sequencing, exome sequencing, de novo sequencing, RNA-Seq, ChIP-Seq and Methyl-Seq. By application it is sub segmented into diagnostics, drug discovery, biomarker discovery, personalized medicine, and agriculture & animal research. On the basis of geography, the Latin America Market is segmented into Argentina, Brazil, Mexico and Rest of Latin America.
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Rise in growth of personalized medicine, development in pre-sequencing and NGS bioinformatics solutions and cloud computing, increased application of NGS, growth in population, increasing incidences of infectious diseases are few factors driving the market growth. In addition, anticipated decrease in the prices of genome sequencing due to development of rapid, high capacity whole genome sequencers by key players is anticipated to have an optimistic effect on market penetration rates over the next few years. However, the storage and management of data generated by sequencing and its interpretation,high reliability on grants & funding from the government and fall in capital expenditure from academic institutions are some of the challenges faced by Latin America next generation sequencing market
Illumina Incorporated, Thermo Fischer Scientific, Life Sciences (Roche),Pacific Biosciences, Life Technologies Corp. (Thermo Fischer Scientific), Macrogen Inc.,Partek Inc., Genomatix Software GmbH, Perkin Elmer inc.,GATC Biotech Ag, Agilent Technologies Inc., Biomatters Ltd., CLC Bio (Qiagen), BGI (Beijing Genomics Institute), Oxford Nanopore Technologies Ltd.,Pacific Biosciences, DNASTAR Inc., Knome Inc., Illumina Inc., and Qiagen N.V.
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Market Segmentation
1) By Product
Software
Services
2) By Technology
Whole Targeted Re-Sequencing
Genome Sequencing
De Novo Sequencing
Exome Sequencing
RNA-Seq
ChIP-Seq
Methyl-Seq
3) By Application
Diagnostics
Drug Discovery
Biomarker Discovery
Personalized Medicine
Agriculture and Animals Research
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Reasons to buy Latin America Next Generation Sequencing (NGS) market Research Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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