Next Generation Sequencing Services Market to be Worth $20.39 Billion by 2030

Furthermore, the increasing applications of NGS in cancer & agri-genomics research and advancements in sequencing data analytics are expected to generate market growth opportunities. However, regulatory & standardization concerns in diagnostic testing, the installation of in-house NGS facilities in large hospitals & research institutes, and the ethical issues & costs related to non-invasive prenatal genetic testing are major challenges for the stakeholders in this market.