{"id":320524,"date":"2023-11-17T09:22:13","date_gmt":"2023-11-17T14:22:13","guid":{"rendered":"https:\/\/platohealth.ai\/reducing-cost-of-next-generation-sequencing-unlock-personalised-medicine\/"},"modified":"2023-11-19T06:00:18","modified_gmt":"2023-11-19T11:00:18","slug":"reducing-cost-of-next-generation-sequencing-unlock-personalised-medicine","status":"publish","type":"post","link":"https:\/\/platohealth.ai\/reducing-cost-of-next-generation-sequencing-unlock-personalised-medicine\/","title":{"rendered":"Reducing cost of next-generation sequencing: unlock personalised medicine","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

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The cost of NGS has steadily decreased since its introduction. Credit: CI Photos via Shutterstock.<\/figcaption><\/figure>\n<\/div>\n

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Next-generation sequencing (NGS) has led a revolution in the research of genome structure and function. <\/p>\n

The cost of NGS is getting cheaper due to competition and technological innovation in the space, leading to an increase in the usage of NGS in healthcare facilities.<\/p>\n

According to GlobalData Premium SKU products, the sales of major product lines of NGS solutions in the US increased more than 40% from 2021 to 2022, and the growth remains robust in 2023.<\/p>\n

The cost of sequencing has significantly decreased over time due to increasing competition and advancing technology. <\/p>\n

The price of sequencing a single genome was $100m in 2001. The cost has steadily decreased since the introduction of NGS, regardless of the platform type or technology. <\/p>\n

Leading NGS platform players like Illumina<\/a> and Life Technologies have claimed that whole genomes can now be sequenced for less than $1,000 using their platforms.<\/p>\n

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