{"id":498857,"date":"2024-01-29T10:20:06","date_gmt":"2024-01-29T15:20:06","guid":{"rendered":"https:\/\/platohealth.ai\/ngs-transforming-diagnostics-and-propelling-ivd-market-growth\/"},"modified":"2024-01-29T20:09:23","modified_gmt":"2024-01-30T01:09:23","slug":"ngs-transforming-diagnostics-and-propelling-ivd-market-growth","status":"publish","type":"post","link":"https:\/\/platohealth.ai\/ngs-transforming-diagnostics-and-propelling-ivd-market-growth\/","title":{"rendered":"NGS: transforming diagnostics and propelling IVD market growth","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

<\/p>\n

\n
\n
\n Share this article<\/p>\n

<\/span>\n <\/div>\n

<\/p><\/div>\n

<\/p>\n<\/div>\n

<\/p>\n

<\/p>\n

\n
\n
\n \n <\/div>
NGS technologies are paving the way in personalised treatments. Credit: ArtemisDiana via Shutterstock.<\/figcaption><\/figure>\n<\/div>\n

<\/p>\n

<\/p>\n

Next-generation sequencing (NGS) is a high-throughput method for DNA sequencing that has largely superseded traditional first-generation sequencing methods. <\/p>\n

NGS has revolutionised the in vitro diagnostics (IVD) market by providing enhanced diagnostic capabilities and expanding the market scope. <\/p>\n

The NGS market was valued at $1.9bn in 2023. The market will reach sales of $5.1bn by 2033, growing at a compound annual growth rate of 10.3% over the period, according to GlobalData<\/a> forecasts.<\/p>\n

The NGS market\u2019s growth is fuelled by a combination of unaddressed clinical needs for more effective tools in predicting, diagnosing, treating, and monitoring diseases, along with the ongoing advancement of sequencing technologies for efficiency.<\/p>\n

During the forecast period, revenue is expected to be primarily generated by high-throughput and medium-throughput NGS. <\/p>\n

NGS allows for the simultaneous sequencing of millions of fragments to generate a large amount of data in a single run, saving time and resources. <\/p>\n

\n

Access the most comprehensive Company Profiles
\n on the market, powered by GlobalData. Save hours of research. Gain competitive edge.<\/p>\n