(PharmaNewsWire.Com, January 13, 2018 ) The Asia-Pacific NGS market which was worth $ 844 million by the end of 2015 is poised to reach $2.58 billion by 2020 at a CAGR of 25%.The Next Generation Sequencing market is categorized by product (software and services) and by applications such as whole targeted re-sequencing, genome sequencing, exome sequencing, de novo sequencing, RNA-Seq, ChIP-Seq and Methyl-Seq. And by application it is segmented into diagnostics, drug discovery, biomarker discovery, personalized medicine, and agriculture and animals research. On the basis of geography, the Asia-Pacific market is segmented into regions namely, China, India, Japan and South Korea.
Asia presents significant opportunities for the investors/venture capitalists as the developed markets are saturated. The presence of noteworthy developments by China and Japan for integration of new technologies and the development of healthcare is majorly driving the Asia Pacific Market. R&D and clinical development frameworks of countries such as India and Australia have composed the Asia Pacific market to witness a lucrative growth throughout the forecast period. Rise in growth of personalized medicine, development in pre-sequencing and NGS bioinformatics solutions and cloud computing, growth in Asia-Pacific population, increasing incidence of infectious diseases are few factors driving the market growth. In addition, anticipated decrease in the prices of genome sequencing due to development of rapid, high capacity whole genome sequencers by key players is expected to have an optimistic effect on market penetration rates over the few years. However, the storage and management of enormous data generated by sequencing and its interpretation, high reliability on grants & funding from the government and fall in capital expenditure from academic institutions are some of the challenges for Asia-Pacific next generation sequencing market
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