The global market for next generation sequencing is expected to reach USD 27.87 billion by 2022, according to a new study by Grand View Research, Inc. Technological developments in the field of genomic sequencing is expected to cause a decline in the cost of sequencing per base pair and thereby, greatly enhance adoption and usage rates of next generation sequencing over the forecast period. With this expected increase in usage of whole genome sequencing, a consequent increase in revenue from HLA and prenatal testing segments is also expected, owing to the introduction of more informative novel phase resolved single cycle reads. Growing incidences of cancer and infectious diseases are further expected to fuel the growth of the next generation sequencing market over the forecast period.
http://www.grandviewresearch.com/industry-analysis/next-generation-sequencing-market
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