Saturday, 20 April 2024
Next Generation Sequencing, Massively Parallel or Deep Sequencing is related terms for DNA sequencing technology that revolutionized genomics research. NGS allows you to sequence the entire human genome in one day. According to the report by Business Market Insights, Asia Pacific Next Generation Sequencing Market is expected to reach US$ 5,835.6 Million by 2027 with CAGR of 21.8%.
Biotechnology is technology that utilizes biological systems, living organisms or parts of this to develop or create different products. Brewing and baking bread are examples of processes that fall within the concept of biotechnology (use of yeast (= living organism) to produce the desired product).
The Asia Pacific Next Generation Sequencing Market is growing along with the Biotechnology industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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Advancement in the field of molecular biology has equally enhanced the sequencing procedures. Many industry players have come up with innovative NGS technology in last few years. Further modification and automation of this process continued to increase sequencing data and time reduction. There by allowing researchers to reach major milestones in the Human Genome Project. NGS makes sequence based gene expression analysis a ‘digital’ alternative to analog techniques. It also aids in quantifying RNA expression with the breadth of a microarray and the resolution of PCR.
These factors are expected to offer broad growth opportunities in the Biotechnology industry and this is expected to cause the demand for immunochemistry assays in the market.
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