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Growing Sequencing Markets
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The sequencing kit, next generation sequencing (NGS), and NGS informatics markets are projected to experience significant growth by 2029, with the NGS market expected to reach $13.7 billion by 2030. These markets are driven by factors such as increasing cancer prevalence, technological advancements, and the rise in pharmaceutical R&D expenditure. Key players in these markets include Illumina, Thermo Fisher Scientific, Roche, and Agilent Technologies.
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How might the growth in sequencing markets influence the development of new technologies and applications in the field of genetics and medicine?
How might the projected growth in sequencing markets impact the pharmaceutical and biotechnology industries?
What are the potential ethical and legal challenges associated with the increasing use of NGS in healthcare and research?
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