As the era of personalized medicine dawns on healthcare, the need to understand an individual’s genetic information through genomic testing has risen. This emerging branch of medicine has given birth to multiple companies that provide genetic tests to help end users understand their genetic ... more
Frost & Sullivan: Next-Generation Sequencing Services is one of the Fastest Growing Markets in the Life Sciences Industry
The growing list of applications enabled by next-generation sequencing technology has allowed sequencing service providers to make inroads into new customer segments and research fields, such as cancer research, genetic disease research, metagenomics, newborn sequencing, and clinical sequencing. Researchers lacking in-house sequencing infrastructure or experience are gaining access to the latest technologies through service providers offering complete sequencing workflows.
New analysis from Frost & Sullivan's Strategic Analysis of the U.S. Next-Generation Sequencing Services Marketresearch finds that the market earned revenues of $160.0 million in 2011 and estimates this to reach $550.0 million in 2016.
"When new sequencing applications emerge, researchers do not always have the expertise to conduct them with in-house infrastructure, providing a significant opportunity for service providers," saidFrost & Sullivan Senior Industry Analyst Christianne Bird. "In particular, the two emerging applications of RNA-sequencing and exome sequencing are proving lucrative to service providers."
Genome centers and core facilities account for a larger percentage of the next-generation sequencing installed base than commercial service providers. Academic researchers may use core facilities for at-cost services (reagents and labor only); however, unlike commercial service providers that offer sample-to-answer services, these facilities do not always provide full bioinformatics and analysis capabilities.
While users of sequencing core facilities and non-profit genome centers must have experience with genomic data as well as in-house expertise and software to conduct analyses, customers of commercial service providers require little to no familiarity with the technology as they purchase turnkey services with comprehensive data analysis.
Nevertheless, despite researchers' eagerness to use sequencing services, the decreasing sequencing costs, influx of new competitors, and increasing adoption of sequencing in basic laboratories has placed the market in a state of flux. Commercial sequencing service providers can stay afloat in this dynamic market by differentiating themselves with value-added services.
In the next five years, next-generation sequencing is expected to gain currency in clinics for the diagnosis of rare genetic diseases, in clinical trials for patient stratification and drug response studies, and in preventative medicine of genetically related diseases. Commercial service providers must continue to adapt to emerging applications in the research, clinical and pharmaceutical fields to take advantage of growth opportunities.
- next generation sequencing
- Frost & Sullivan
- sequencing services
Unique disease outbreaks across the globe are escalating the demand for screening and spurring the infectious disease diagnostic market. The market will continue to develop as unmet technological needs lead to the creation of faster, more capable platforms. Molecular diagnostics is growing ... more
The challenges posed by expiring patents, the global economic slowdown, and price premium pressures are forcing the pharmaceutical and biotech industry to restructure and streamline strategies to boost profitability. Mergers and acquisitions (M&As) have become the preferred approach to coun ... more
- 1Schleicher & Schuell has been purchased by Whatman plc
- 2Asphaltene analysis takes a giant step
- 3Anton Paar GmbH acquires Measuring Technology Company in Hanover
- 4Foundation of LAUDA Scientific GmbH as an independent company for measuring instruments
- 5MDxHealth's ConfirmMDx Genes Detect Clinically Significant Prostate Cancer
- 6Fluorescence spectroscopy using a smartphone
- 7SCHOTT Is Now a Stock Corporation
- 8Determining recipes for some of the world's oldest preserved beers
- 9Eurofins acquires BioDiagnostics, Inc.
- 10Endress+Hauser Supports Analytik Jena in Real Estate Acquisition
- Healthcare is up for a Revolution with the Rise of Personal Genomic Tests
- The Waters ionKey/MS Technology Named a Top Innovation for 2014
- analytica China and CBB 2016 to hold together
- Molecular Methods Rapidly Gain Ground in Infectious Disease Diagnostics
- Prosensa Wins Scrip ‘Biotech Company of the Year’ 2014 Award