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BCC Research Publishes a New Report on Global Markets for Next Generation Sequencing (NGS)
Date:8/14/2013

Wellesley, MA (PRWEB) August 14, 2013

According to a new technical market research report, Next Generation Sequencing: Emerging Clinical Applications and Global Markets (Report code: BIO126A) from BCC Research (http://www.bccresearch.com), the global market for next generation sequencing is expected to reach $510.7 million in 2013. BCC Research forecasts the market to reach $7.6 billion by 2018, and register a five-year compound annual growth rate (CAGR) of 71.6% for the period 2013 to 2018.

The Human Genome Project (HGP) moved DNA sequencing technology to the forefront of life science research as a genetic analysis tool. The HGP led to significant improvements in the efficiency and costs of DNA sequencing. In 2005, the launch of next generation sequencing (NGS) technologies changed the structure of the industry radically and opened up exciting new market applications. As a result, the costs of sequencing have rapidly reduced to the point where it is now feasible for complex NGS tests to be priced in the range of other multiplex genetic tests.

The NGS clinical market is still relatively young and emerging, yet it holds great commercial promise. BCC Research expects the decline in sequencing costs and NGS informatics (i.e., the handling and interpretation of massive amounts of genetic data) to emerge as a key focus area for clinical applications in the future.

NGS pre- and post-natal diagnostics comprise an important current market segment. The pre- and post-natal disease class, as a segment, is expected to reac
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