Next Generation Sequencing (NGS) Services Market - Global Opportunity Analysis and Industry Forecast (2018-2023)

Global NGS services market has shown strong growth pattern in recent year’s majorly due plummeting cost of sequencing, need of skilled professionals for efficient NGS sample preparation and analysis, technological advancements in NGS services, increase in genome mapping programs, high cost of sequencing infrastructures are expected to boost the demand for NGS services across the globe. However, installation of in-house sequencing facilities in hospitals and universities for genome testing may obstruct the growth of NGS services to some extent.

Meticulous Research® in its latest publication on global NGS services market states that the global NGS services market will increase at a CAGR of 20.1% from 2018 to 2023 to reach USD 2,921.4 million by 2023. The recent advances in the field of genomics research over the past years have led to substantial reduction in the cost of genome sequencing. The NGS technology has reduced the cost and increased the speed of DNA sequencing significantly.

Meticulous Research states that “In genomics research field, sequencing is being applied not only to assemble genomes and to investigate the genetic basis of human diseases, but also to understand the diverse nature of reproductive medicine, oncology and infectious diseases. The cheaper genome sequencing could revolutionize healthcare, allowing doctors to prescribe individualized treatment options for patients. Also, this would enable faster progress in clinical research, pushing research for cancer and other genetically linked diseases forward”.

The cost of sequencing closely followed a Moore’s law trajectory over the years before 2008; however, the introduction of NGS technologies caused costs to fall faster than would be expected by Moore’s law. In 2003, the first time the human genome was sequenced for a price of $2.7 billion. Later, the price of sequencing an average human genome declined from about USD10million to a few thousands in just 6 years of duration (2007-2013). Further to this declining price trend, in January 2017, Illumina debuted a new sequencing machine, the NovaSeq (NovaSeq 5000 and NovaSeq 6000), which has ability to sequence an entire genome for less than USD 100 in fewer than 60 minutes.

The report provides meticulous analysis of global NGS services market by segmenting it on the basis of service type (targeted sequencing, rna sequencing, exome sequencing, de novo sequencing, chip-sequencing, whole genome sequencing, methyl sequencing, and other services), technology [sequencing by synthesis (sbs), ion semiconductor sequencing (ios), single molecule real time sequencing (smrt), nanopore sequencing, and true single molecule sequencing (tsms)], application (diagnostics, drug discovery, biomarker discovery, agriculture & animal research, and other applications), end user (academic& research institutes, pharmaceuticals & biotechnology industry, hospitals & clinics and other end users), and geography.

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The key players analyzed in the global NGS services market are Illumina, Inc. (U.S.), Qiagen N.V. (The Netherlands), PerkinElmer, Inc. (U.S.), Eurofins Scientific SE (Luxembourg), GATC Biotech AG (Germany), Macrogen, Inc. (South Korea), Genotypic Technology Pvt. Ltd. (India), GENEWIZ, Inc. (U.S.), Beijing Genomics Institute (BGI) (China), SciGenom Labs Pvt. Ltd. (India), MedGenome (India), DNA Link, Inc. (South Korea), Otogenetics Corporation (U.S.), Novogene Corporation (China), LGC Limited (U.K.), CD Genomics (U.S.), and SeqLL, LLC (U.S.)

Key questions answered in the report-

Growing genomics research in academic and research institutes and outsourcing of genome testing in biopharmaceutical & biotechnology industry to drive the adoption of NGS services

-How does the penetration of NGS services in biopharmaceutical industry differ from that in diagnostics and biomarker discovery applications?
-What impact does this have on the adoption of NGS services in comparison to other conventional technologies for detection of genetic mutations?

Agriculture & animal research account for a relatively small proportion of all applications of NGS services globally
-What factors contribute to the infrequent usage of NGS services for agriculture & animal research?
-Conversely, which geographic segment is expected to experience the fastest growth for agriculture & animal research?

The North American NGS services market favors both larger and local manufacturers that compete in multiple segments
-Who are the top competitors in this market and what strategies do they employ to gain shares?
-What is driving growth and which market segments have the most potential for revenue expansion during the forecast period?
-What strategies must companies adopt who are looking to enter this market and compete effectively?
-What are the major drivers, restraints, opportunities, and challenges in the global NGS services market?
-Who are the major players in various countries and what share of the market do they hold?
-What are the geographical trends and high growth regions/ countries?

Recent new service launches, acquisitions, collaborations, partnerships, and expansions have taken place in the NGS services space.
-What companies have recently merged/acquired and how will these unions affect the competitive landscape of the NGS services space?
-What companies have created partnerships and how will these partnerships promote a competitive advantage?
-Who are the major players in the global NGS services market and what share of the market do they hold?
-What are the local emerging players in the global NGS services market and how do they compete with the global players?

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

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Plant Based Protein Market worth $14.32 billion by 2025- Exclusive Report by Meticulous Research®

Meticulous Research® – leading global market research company published a research report titled “Plant Based Protein Market by Type (Soy Protein, Wheat Protein, Pea Protein, Potato Protein, Rice Protein, Corn Protein) and Application (Foods and Beverage, Animal Feed, Nutrition and Health Supplements, Pharmaceuticals)– Global Forecast to 2025”. According to this latest publication from Meticulous Research®, the global plant based protein market is expected to grow at a CAGR of 8.1% from 2019 to reach $14.32 billion by 2025.

Demand for plant-based protein is showing high growth as consumers believe them to be healthier than traditional animal-based proteins. The growth of this market is mainly attributed to increasing awareness about the benefits of protein and growing demand for protein rich diet, growing health & wellness trend, increasing consumers’ focus on meat alternatives, growing demand from food & beverage industry, growing investments from leading players, and various advancements in ingredient technologies such as microencapsulation.

The global plant based protein market study presents historical market data in terms of value and volume (2017 and 2018), estimated current data (2019), and forecasts for 2025-by type (soy protein (soy protein concentrates, soy protein isolate, textured soy protein, and soy flour, grits, chunks); wheat protein (vital wheat gluten, wheat protein isolate, hydrolyzed wheat protein, and textured wheat protein); pea protein (pea protein isolate, pea protein concentrate, and others); canola protein; potato protein; rice protein; corn protein; and others; and application (foods and beverages (meat, poultry, & seafood, bakery, meat analogue, dairy & dairy alternatives, cereals & snacks, beverages, and others); animal feed; nutrition & health supplements; pharmaceuticals; and others. The study also evaluates industry competitors and analyzes the market at regional and country level.

Based on type, soy protein segment is estimated to command the largest share of the global plant based protein market in 2019. The large share of soy protein is attributed to higher consumer acceptance level, presence of large number of manufactures and their high scale of production, low cost than other types of plant proteins, increased demand for plant-based products, easy availability of raw materials, and large number of applications in various industries. However, pea protein market segment is expected to witness a rapid growth during the forecast period. The rapid growth of this segment is mainly attributed to growing consumer’s desire to find sustainable and good tasting alternatives to animal-based proteins, rising demand for gluten free products, and growing investments from leading players such as Roquette Frères Le Romain, Ingredion Inc., and Kerry Group in this space. Along with this, its nutritional qualities as well as its allergen free, gluten free, and lactose free properties also supporting the growing demand of pea protein across the globe.

Based on application, food and beverage segment is estimated to command the largest share of the overall plant based protein market in 2019, which is mainly attributed to high consumer demand for sustainable products, growing awareness about the health benefits of plant proteins, increasing health concerns over animal products and ingredients, increasing vegan population, rising meat prices, and rising clean label trend.

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This research report analyzes major geographies and provides comprehensive analysis of North America (U.S. and Canada), Europe (Switzerland, Germany, Italy, the U.K., France, Ireland, and RoE), Asia-Pacific (China, Japan, India, and RoAPAC), Latin America, and Middle East & Africa. North America commanded the largest share of the global plant based protein market, followed by Europe and Asia-Pacific. The largest share of this region is mainly attributed to the well-established food and beverage industry, rising concerns over animal products and protein, increasing vegan population, growing preference for meat alternatives, and growing health & wellness trend. Moreover, presence of large number of nutritional supplements manufacturers and growing technological advancement in food industry also supports the growth of plant-based protein market in this region.

The major players operating in the global plant based protein market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Freres Le Romarin (France), Ingredion Inc. (U.S.), Kerry Group (Ireland), E.I. Dupont De Nemours and Company (U.S.), NOW Foods (U.S.), Tate & Lyle Plc (U.K.), Axiom Foods Inc. (U.S.), AMCO Proteins (U.S.), Burcon Nutrascience Corporation (Canada), Beneo GmbH (Germany), Glico Nutrition Co., Ltd. (Japan), Glanbia plc. (Ireland), Corbion NV (the Netherland), Cosucra Groupe Warcoing SA (Belgium), Sotexpro (France), Farbest Brands (U.S.), Crespel & Deiters GmbH & Co. KG (Germany),  Wilmar International Ltd. (Singapore), and CHS Inc. (U.S.).

Key questions answered in the report-

• Which are the high growth market segments in terms of types, application, and region/countries?

• What was the historical market for plant based across the globe?

• What are the market forecasts and estimates for the period 2019-2025?

• What are the major drivers, restraints, opportunities, and challenges in the global plant based protein market?

• Who are the major players in the global plant based protein market?

• How is the competitive landscape and who are the market leaders in the global plant based protein market?

• What are the recent developments in the global plant based protein market?

• What are the different strategies adopted by the major players in the global plant based protein market?

• What are the geographical trends and high growth regions/ countries?

• Who are the local emerging players in the global plant based protein market and how do they compete with the global players?

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The Explosion of mHealth Apps Drives the Market for Healthcare Cloud Computing- Global Forecast to 2025

Meticulous Research® published a new report title “Healthcare Cloud Computing Market by Application (Clinical Information Systems, Nonclinical Information Systems), Service Model (SAAD, IASS, PAAS), Deployment Model (Private cloud, Public cloud), Pricing Model (Pay-as-you-go, Spot Pricing), Component (Services, Software), End User - Global Forecast to 2025”.

Mobile health (mHealth) applications on smart phone are increasingly being used to enable healthy living and health prevention. The convergence of ubiquitous smartphones, broadband networks, and the ease of developing and marketing applications has resulted in an explosion of mobile health (mHealth) solutions for health and wellness. mHealth applications use a cloud computing technology to perform the key back-end related services, extending their computational capacity and storage capabilities. Additionally, data gathered by remote monitoring solutions can also be stored in the cloud and integrated with cloud based EHRs and even non-cloud applications. 

For instance, in Europe, home healthcare programs, telecare and telemedicine initiatives have been an important driver in cloud adoption. In home healthcare, cloud also enables leveraging the capabilities of social networks in serving continuity of care purposes. It enhances collaboration and coordination from hospital to home across the care team, including patients and the wider community. The mobile health app market has developed into a vivid ecosystem; a market that is not only dynamic but also offers great potential. Hence, with the rising adoption of mobile in the healthcare industry, the business opportunity for cloud computing is immense.

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The Clinical Information Systems Segment Commanded the Largest Share of the Global Market in 2018

Based on application, the healthcare cloud computing is segmented into clinical information systems and the nonclinical information systems. In 2018, the clinical information systems segment is accounted for the largest share of the global market. The large share of this segment can be primarily attributed to rising prevalence of chronic disease and rising geriatric population.

The Private Cloud Segment Commanded the Largest Market Share of the Market in 2018

Based on deployment model, the healthcare cloud computing market is segmented into private cloud, hybrid cloud, and public cloud models. In 2018, the private cloud segment is accounted for the largest share of the global market. The large share of this segment can be primarily attributed to its higher adoption owing to its better security.

North America: Leading Regional Market

In terms of geography, North America, comprising the U.S. and Canada, is accounted for the largest market share of the global market in 2018. The overall growth of the market in North America is primarily driven by increasing adoption of EHRs among medical professionals and active participation by private sector players in the development of the healthcare industry in that region.

Key Players

The key players operating in the global healthcare cloud computing market are CareCloud Corporation, ClearData Networks Inc., Athenahealth, Cerner Corporation, Epic Systems Corporation, NextGen Healthcare, Carestream Corporation, Dell Inc., DICOM Grid Inc., INFINITT Healthcare, Sectra AB, Merge Healthcare Inc., Siemens Healthineers, iTelagen Inc., NTT DATA Corporation, Nuance Communications, and Ambra Health.

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Rising Need to Produce More Boosts the Demand of " Agricultural Micronutrients " -Global Forecast to 2024

Meticulous Research® – leading global market research company is researching on agricultural micronutrients market titled “Agriculture Micronutrients Market by Product Type (Zinc, Copper, Iron, Manganese, Boron, Molybdenum, Others), Form (Chelated, Non Chelated), by Application (Soil, Foliar, Fertigation, Hydroponics, Others), Crop Type (Cereal, Oil Seed & Pulse, Fruit & Vegetables, Others), End-User (Agriculture, Horticulture, Floriculture)- Global Forecast to 2024”.

Growing population Spur the Demand for Agricultural Micronutrients

Nowadays, the global population is increasing at a rapid rate. According to the Population Division of the United Nations Department of Economic and Social Affairs (UNDESA), the global population was 7.6 billion in 2017, and it is further expected to reach around 9.8 billion by 2050. This additional population, of nearly 2.2 billion individuals, is expected to create vast demand for food crops, horticulture crops, and cash crops in the upcoming years.

In order to address the growing need of food demand, it has become essential to rise agricultural production by eliminating nutrient deficiencies. In addition, the micronutrient deficiencies can cause plant abnormalities and reduce crop yield, compromising crop productivity and farm income. Therefore, to overcome this, the use of agriculture micronutrients is expected to increase in the future, ultimately driving the growth of the agricultural micronutrients market across the globe.

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Zinc Dominated the Agricultural Micronutrients Market in 2018

Based on product type, the agricultural micronutrients market is segmented into zinc, copper, iron, manganese, boron, molybdenum, and others. Zinc commanded the largest share of global agricultural micronutrients market in 2018, owing to its increasing demand in plant growth as it regulates auxin, a vital growth hormone in pollen formation. In addition, it also acts as an enzyme activator in protein synthesis and is involved in the regulation and consumption of sugars, and this ultimately augments the growth of the zinc market across the globe.

Cereals and Grains Spur the Demand for Agricultural Micronutrients

Cereals commanded the largest share of agricultural micronutrients market in 2018. With increasing global population and shrinking arable land, there is an increased pressure to maximize crop yield from existing farmlands and agricultural installations. Moreover, the factors such as growing demand for food grains and rising need to maintain the nutrient level in cereal crops are expected to support the growth of the agricultural micronutrients market for cereals during the forecast period.

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Agriculture Micronutrients Market - Global Opportunity Analysis and Industry Forecast (2019-2024)

Agriculture Micronutrients Market by Product Type (Zinc, Copper, Iron, Manganese, Boron,…

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Asia-Pacific Dominates the Agricultural Micronutrients Market

Asia-Pacific accounted for the largest share of the global agricultural micronutrients market in 2018. With the rising income level and increasing spending power of people in major APAC countries such as India, China, and Indonesia, the demand for processed and non-processed food is growing considerably, which is sequentially boosting the adoption of micronutrients used for growing various types of crops.

Key Players in the Agricultural Micronutrients Market

The key players operating in the global agricultural micronutrients market are BASF SE, Akzo Nobel N.V., Dow DuPont Inc., Agrium Inc., Nufarm Limited, Coromandel International Limited, Haifa Group, Sapec Agro S.A., Yara International ASA, The Mosaic Company, Helena Agri-Enterprises, LLC, Trade Corporation International, Valagro SpA, and Aries Agro Limited.

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Increasing Consumer Preference for Nutritional Food is Driving the Market for Dairy Ingredients 2025

Meticulous Research® – leading global market research company is researching on dairy ingredients market titled “Dairy Ingredients Market by Product (Milk Powder, Milk Protein, Whey Protein, Lactose & Derivatives, Casein Protein), by Source (Milk Based, Whey Based), by Production Method (Traditional Method, Membrane Separation) Application (Bakery and Confectionery, Dairy Products, Infant Milk Formula, Sports Supplements, Paediatrics, Medical Nutrition) - Global Forecast to 2025”.

Dairy Ingredients Market Dynamics

The growth of this market is mainly attributed to changing food landscape, increasing demand for fortified food products, growing prominence of nutritional enrichment in foods & beverages due to increased awareness towards maintaining healthy lifestyle among individuals. In the last few years, food consumption habits and preferences have changed to a great extent. Changing demographics, increasing health concerns, increasing women workforce, influence of food elite, growing disposable income, growing trend toward vegetarianism, and food customization has brought numerous changes to the food industry. This is having a significant impact on the health and nutritional status of populations, particularly in developing countries. Hence, food processors are continuously seeking and exploring new processing and preservation technologies with the help of innovative ingredients, which is fueling the adoption of dairy ingredients across the globe. The dairy ingredients market is also being driven by the regulatory support from the US FDA and UK government to incorporate proteins in food and drinks.

However, availability of alternatives, like plant protein and low-cost of soy protein are hindering the market growth. In addition, the increase lactose intolerance and milk allergies are also anticipated to pose a challenge to the growth of dairy ingredients market.

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Milk Powder to Witness the Largest Demand Through 2025

Based on type, milk powder commanded the largest share of dairy ingredients market in 2018, owing to its less moisture content and presence of several nutrients such as vitamin C, vitamin B12, thiamin, and high amounts of protein, which contributes to the higher shelf life of the product and increased application in infant food products.

Dairy Products Expected to Dominate the Global Dairy Ingredients Market during the Forecast Period

Based on application, the dairy products accounted for the largest share in 2018 as dairy ingredients are used in almost all dairy products for enhancing the nutritional content, flavor, and other benefits from dairy ingredients such as emulsification and solubility. Owing to which, the application of dairy ingredients is extensive in dairy products. However, sport and clinical nutrition is expected to witness the rapid growth during the forecast period.

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Asia-Pacific: The Fastest Growing Regional Market

Asia-Pacific commanded the largest share of the global dairy ingredients market in 2018, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. The large share of Asia-Pacific region is mainly attributed to growing living standards, increase in the infant formula industry, developing modern infrastructure to make chilled dairy products in rural areas, and modern trade development. Further, Europe and North America are anticipated to hold a significant position in the global dairy ingredients market due to high awareness regarding health, rise in preference for the nutritious food, and high consumption of bakery and confectionery food.

Key Players in the Dairy Ingredients Market

The key players operating in the global dairy ingredients market are Glanbia, PLC, Amul, Groupe Lactalis, Arla Foods, Devondale Murray Goulburn, Kanegrade Ltd, Fonterra Co-Operative Group Limited, Nestle SA, Saputo Inc., Dairy Farmers of America, Volac International Limited, FrieslandCampina, Murray Goulburn Co-operative, Nova Dairy products, HATSUN Agro Products, and Euroserum.

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