PUBLISHER: SkyQuest | PRODUCT CODE: 1701059
PUBLISHER: SkyQuest | PRODUCT CODE: 1701059
Next Generation Sequencing Market Size, Share, and Growth Analysis, By Offering (Products, Services), By Type (Sequencing Services, Presequencing Services), By Technology, By Workflow, By End User, By Application, By Region - Industry Forecast 2025-2032
Global Next Generation Sequencing Market size was valued at USD 11.7 billion in 2023 and is poised to grow from USD 13.37 billion in 2024 to USD 38.96 billion by 2032, growing at a CAGR of 14.3% during the forecast period (2025-2032).
Next-generation sequencing (NGS) represents a transformative approach in genomic analysis, leveraging massive parallelism to sequence millions to billions of DNA strands simultaneously, making it more efficient and cost-effective compared to traditional Sanger sequencing. NGS's advantages include high accuracy, rapid results, and the capability to generate precise data from minimal sample quantities. This technology has become essential in various fields, including biomarker discovery, cancer research, personalized medicine, and agricultural studies. Notably, NGS has played a critical role in understanding COVID-19 transmission and treatment strategies, exemplified by the efforts of the COVID-19 Genomics U.K. Consortium (COG-U.K.), which combines resources from institutions like the Welcome Sanger Institute and NHS to analyze the virus's evolution and spread through Whole-Genome Sequencing.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Next Generation Sequencing market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Next Generation Sequencing Market Segments Analysis
Global Next Generation Sequencing Market is segmented by Offering, Type, Technology, Workflow, End User, Application and region. Based on Offering, the market is segmented into Products and Services. Based on Type, the market is segmented into Sequencing Services, Presequencing Services, Bioinformatics & Data Analysis Services and NGS Platform Services. Based on Technology, the market is segmented into Sequencing By Synthesis, Ion Semiconductor Sequencing, Smrt Sequencing, Nanopore Sequencing and Other Sequencing Technologies. Based on Workflow, the market is segmented into Sequencing, Presequencing Services and Data Analysis Services. Based on End User, the market is segmented into Academic & Research Institutes, Pharmaceutical & Biotechnology Companies, Hospitals & Clinical Laboratories and Other End Users. Based on Application, the market is segmented into Diagnostics, Drug Discovery & Development, Agriculture & Animal Research and Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Next Generation Sequencing Market
The Global Next Generation Sequencing (NGS) market is significantly driven by its capability to thoroughly analyze an individual's genome, facilitating the detection of genetic variations. These variations play a crucial role in determining drug responses, disease susceptibility, and potential adverse effects. As a result, this personalized approach is increasingly leading to the integration of NGS in clinical environments, enhancing treatment outcomes by tailoring therapies to align with patients' unique genetic profiles. The ability to offer customized medical solutions not only improves effectiveness but also transforms the future of precision medicine, positioning NGS as a pivotal tool in modern healthcare.
Restraints in the Global Next Generation Sequencing Market
The high costs associated with next-generation sequencing (NGS) procedures, which include sequencing, data analysis, and interpretation, present significant challenges in accessibility for both patients and healthcare providers. The financial burden of purchasing and maintaining NGS technologies limits their application in clinical environments, especially within resource-limited settings. This financial constraint hampers the widespread adoption of NGS, preventing many medical professionals from integrating these advanced sequencing technologies into routine practice. Consequently, the limitations imposed by cost can inhibit advancements in personalized medicine and patient care, underscoring the need for solutions to lower barriers to entry for NGS applications.
Market Trends of the Global Next Generation Sequencing Market
The Global Next Generation Sequencing (NGS) market is experiencing significant growth, driven by its transformative role in diagnosing rare genetic disorders with unparalleled accuracy and speed. As healthcare providers increasingly adopt NGS technologies to sequence genomes, the market is witnessing heightened demand for personalized medicine, early intervention, and optimized management strategies for rare diseases. This trend is further fueled by advancements in NGS platforms, decreasing costs, and enhanced data analysis capabilities, positioning NGS as an indispensable tool in modern genomics and precision healthcare. Consequently, the NGS market is projected to expand robustly, reflecting its critical impact on patient outcomes and healthcare innovation.
Table of Contents
Introduction
- Objectives of the Study
- Scope of the Report
- Definitions
Research Methodology
- Information Procurement
- Secondary & Primary Data Methods
- Market Size Estimation
- Market Assumptions & Limitations
Executive Summary
- Global Market Outlook
- Supply & Demand Trend Analysis
- Segmental Opportunity Analysis
Market Dynamics & Outlook
- Market Overview
- Market Size
- Market Dynamics
- Drivers & Opportunities
- Restraints & Challenges
- Porters Analysis
- Competitive rivalry
- Threat of substitute
- Bargaining power of buyers
- Threat of new entrants
- Bargaining power of suppliers
Key Market Insights
- Key Success Factors
- Degree of Competition
- Top Investment Pockets
- Market Ecosystem
- Market Attractiveness Index, 2024
- PESTEL Analysis
- Macro-Economic Indicators
- Value Chain Analysis
- Pricing Analysis
- Supply Chain Analysis
- Patent Analysis
- Technology Analysis
- Case Studies
- Customer And Buying Criteria Analysis
- Trade Analysis
Global Next Generation Sequencing Market Size by Offering & CAGR (2025-2032)
- Market Overview
- Products
- Services
Global Next Generation Sequencing Market Size by Type & CAGR (2025-2032)
- Market Overview
- Consumables
- Library Preparation & And Reagents
- Sequencing Kits & Reagents
- Other Consumables
- Platforms
- Sequencing Platforms
- Library Preparation Platforms
- Bioinformatics Tools
- Data Analysis Software & Workbenches
- Data Visualization Tools
- Other Bioinformatics Tools
Global Next Generation Sequencing Market Size by Technology & CAGR (2025-2032)
- Market Overview
- Sequencing By Synthesis
- Ion Semiconductor Sequencing
- Smrt Sequencing
- Nanopore Sequencing
- Other Sequencing Technologies
Global Next Generation Sequencing Market Size by Workflow & CAGR (2025-2032)
- Market Overview
- Sequencing
- Presequencing
- Data Analysis
Global Next Generation Sequencing Market Size by End User & CAGR (2025-2032)
- Market Overview
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
- Clinical & Diagnostic Laboratories
- Other End Users
Global Next Generation Sequencing Market Size by Type & CAGR (2025-2032)
- Market Overview
- Sequencing Services
- Exome & Targeted Resequencing and Custom Panels
- RNA Sequencing
- DE Novo Sequencing
- Chip Sequencing
- Whole-Genome Sequencing
- Methyl Sequencing
- Other Sequencing Services
- Presequencing Services
- Library Preparation & Target Enrichment
- Sample Preparation
- Quality Control
- Bioinformatics & Data Analysis Services
- Data Analysis
- Data Visualization & Interpretation
- Data Storage & Management
- NGS Platform Services
Global Next Generation Sequencing Market Size by Workflow & CAGR (2025-2032)
- Market Overview
- Sequencing
- Presequencing Services
- Data Analysis Services
Global Next Generation Sequencing Market Size by End User & CAGR (2025-2032)
- Market Overview
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
- Hospitals & Clinical Laboratories
- Other End Users
Global Next Generation Sequencing Market Size by Application & CAGR (2025-2032)
- Market Overview
- Diagnostics
- Cancer Diagnostics
- Infectious Disease Diagnostics
- Reproductive Health Diagnostics
- Other Diagnostic Applications
- Drug Discovery & Development
- Pharmacogenomics
- Other Drug Discovery & Development Applications
- Agriculture & Animal Research
- Other Applications
Global Next Generation Sequencing Market Size & CAGR (2025-2032)
- North America (Offering, Type, Technology, Workflow, End User, Type, Workflow, End User, Application)
- US
- Canada
- Europe (Offering, Type, Technology, Workflow, End User, Type, Workflow, End User, Application)
- Germany
- Spain
- France
- UK
- Italy
- Rest of Europe
- Asia Pacific (Offering, Type, Technology, Workflow, End User, Type, Workflow, End User, Application)
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America (Offering, Type, Technology, Workflow, End User, Type, Workflow, End User, Application)
- Brazil
- Rest of Latin America
- Middle East & Africa (Offering, Type, Technology, Workflow, End User, Type, Workflow, End User, Application)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Competitive Intelligence
- Top 5 Player Comparison
- Market Positioning of Key Players, 2024
- Strategies Adopted by Key Market Players
- Recent Developments in the Market
- Company Market Share Analysis, 2024
- Company Profiles of All Key Players
- Company Details
- Product Portfolio Analysis
- Company's Segmental Share Analysis
- Revenue Y-O-Y Comparison (2022-2024)
Key Company Profiles
- Illumina Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Thermo Fisher Scientific, Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- PerkinElmer Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- BGI Group (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Agilent Technologies Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Eurofins Scientific SE (Luxembourg)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Pacific Biosciences of California Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Oxford Nanopore Technologies (UK)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- QIAGEN NV (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- F. Hoffmann-La Roche AG (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Psomagen, Inc. (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- 10x Genomics Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Conclusion & Recommendations
