Genomic sequencing is a method of determining the genetic makeup of an organism. Sequencing technologies have undergone several advancements in the past decade as researchers aim to improve the throughput and accuracy of the base calling while also reducing costs.
The Road Ahead
Ongoing technological advancements are expected to further advance the field of NGS. As research advances and sequencing techniques become even more affordable, NGS is expected to be performed extensively. Moreover, market players are expected to continue to develop advanced platforms to simplify the NGS workflow and automate processes in order to cater to the needs of healthcare organizations and academic research centers.
Asia-Pacific and Middle East NGS Market Industry Overview
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.
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Market Segmentation:
Segmentation 1: by Offerings
Segmentation 2: by Platform
Segmentation 3: by Throughput
Segmentation 4: by Technology Type
Segmentation 5: by Application
Segmentation 6: by End User
Segmentation 7: by Country
COVID-19 Impact
Next-generation sequencing (NGS)-based products are widely employed in research and diagnosis of diseases such as cancer, as well as providing cancer patients with appropriate and individualized therapy. Since the market is dominated primarily by manufacturers of next-generation sequencing instruments, kits, and assays, as well as service providers that provide gene panels and testing services using next-generation sequencing for oncology, the pandemic had a negative impact on the market's revenue growth.
Conclusion
With the growing applications of NGS in disease diagnosis and its potential in designing personalized treatment, the field of NGS is expected to continue to boom. Regions such as the Asia-Pacific and Middle East are witnessing the rise of several government initiatives aimed at better integration of genomics in healthcare.
MarketsandMarkets expects the global Software-Defined Anything Market size to grow from USD 51.7 billion to USD 160.8 billion at a CAGR of 25.5% during the forecast period.
The Software-Defined Anything Market refers to an architectural framework wherein all components of enterprise’s and service provider’s network and data center, such as compute, network, and storage, are virtualized to orchestrate network management, improve network agility, and lower operational cost.
In a nutshell, the control plane (software) is abstracted from the data plane (hardware) that enables network administrators to manage the entire enterprise as well as data center infrastructure from a single software console.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19947525Software-Defined Wide Area Network (SD-WAN) segment to record the highest growth rate during the forecast periodUnder the SDX type segment, the SD-WAN segment is expected to grow at the highest growth rate during the forecast period.
With the growing need for simplification of the network traffic management, organizations are widely adopting SD-WAN solutions that help in decoupling the data and control plane and providing centralized management to the network administrators.
Along with this, digital transformation and increasing network traffic, and the emergence of 5G, Internet of Things (IoT), and Machine-to-Machine (M2M) communications are expected to fuel the growth of SD-WAN solutions’ adoption.Service providers to record the highest growth rate during the forecast periodIn the SDx market by end user, service providers are expected to record the highest growth rate during the forecast period.
The growth can be attributed to increasing trend of the adoption of SDx solutions among telecom and cloud service providers.
