Asia Pacific Next Generation Sequencing Market is expected to reach US$ 5835.6 Million by 2027 with CAGR of 21.8%. – Cole of Duty

Next Generation Sequencing, Massively Parallel or Deep Sequencing is related terms for DNA sequencing technology that revolutionized genomics research. NGS allows you to sequence the entire human genome in one day. According to the report by Business Market Insights, Asia Pacific Next Generation Sequencing Marketis expectedto reach US$ 5,835.6 Million by 2027 with CAGR of 21.8%.

Biotechnology is technology that utilizes biological systems, living organisms or parts of this to develop or create different products. Brewing and baking bread are examples of processes that fall within the concept of biotechnology (use of yeast (= living organism) to produce the desired product).

The Asia Pacific Next Generation Sequencing Marketis growing along with the Biotechnology industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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Advancement in the field of molecular biology has equally enhanced the sequencing procedures. Many industry players have come up with innovative NGS technology in last few years. Further modification and automation of this process continued to increase sequencing data and time reduction. There by allowing researchers to reach major milestones in the Human Genome Project. NGS makes sequence based gene expression analysis a digital alternative to analog techniques. It also aids in quantifying RNA expression with the breadth of a microarray and the resolution of PCR.

For instance, in January 2018, Illumine, Inc. launched their Base Space Sequence Hub in China. The cloud-based hub has facilities for storage management, and interpretation of genomics data. Similar initiatives and developments in the region are likely to accelerate the market growth of next generation sequencing over the coming years.

These factorsare expectedto offer broad growth opportunities in the Biotechnology industry and this is expected to cause the demand forimmunochemistryassays in the market.

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Asia Pacific Next Generation Sequencing Market is expected to reach US$ 5835.6 Million by 2027 with CAGR of 21.8%. - Cole of Duty