European NGS Services Market size is $3.1m in 2019, growing at a CAGR of 4.1% during the forecast period 2020-2025. Next Generation Sequencing (NGS) is a mixture of techniques used in diagnosing and treating various diseases. It enables researchers to perform a wide variety of applications and study biological systems at a level never before possible. It is emerging as a valuable method for obtaining a deeper and more accurate look into the molecular underpinnings of individual tumors. It is a powerful platform that has enabled the sequencing of thousands to millions of DNA molecules simultaneously. It is revolutionizing fields such as personalized medicine, genetic diseases and clinical diagnostics by offering a high throughput option with the capability to sequence multiple individuals at the same time.

Key Takeaways

Increasing requirement for skilled professionals for efficient sample preparation and analysis of NGS is set to propel the growth of the market.

Rising healthcare expenditure is the driving factors for the growth of European NGS Services market.

U.K. is estimated to record the fastest growth rate during the forecast period 2020-2025.

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Drivers – European NGS Services Market

Increased Uses In The Applications

Increasing awareness level among people regarding the availability of various treatment options for European NGS Services management is anticipated to impel the demand. The growth and dominance of new generation sequencing technology has caused a shift in the framework of scientific research, opening the doors to a new era of oncology research and diagnostics, as well as requiring scientists with stronger molecular knowledge alongside computational skills to carryout complex researches is the other major factor driving growth.

European NGS Services Industry Outlook

Product Launches was the key strategy of the players in the European NGS Services Industry. European NGS Services top 10 companies include Genomnia SRL, Mina INC., Macrogen Inc., Microsynth AG, Seqomics, Source Bio Science, DNA Vision SA, Eurofins Genomics Inc., Beijing Genomics Institute (BGI) and Febit / Comprehensive Biomarker Center GMBH (CBC).

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