According to our new research study on “Next generation sequencing in Healthcare Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Component, Application, and End User,” the market is expected to reach US$ 26,501.2 million by 2025 from US$ 4,274.9 million in 2016; it is estimated to grow at a CAGR of 21.1% from 2016 to 2025. The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The growth of the Next generation sequencing in healthcare market is attributed to the increases in cancer prevalence, rise in funds and grants, focus of industry players and various meetings, conferences, workshops among others, are likely to propel the market growth. Additionally, technological development and decreasing price of sequencing is driving the growth of the market. However, factors such as risk associated with the genetic data, dearth of skilled professionals and high cost of equipment are restraining the market growth.