Infographics - Next Generation Sequencing Market

Global next generation sequencing market is estimated to be valued at USD 16.51 Bn in 2024 and is expected to exhibit a CAGR of 14.5% during the forecast period (2024-2031). Next Generation Sequencing (NGS) refers to the high-throughput DNA sequencing technologies that have substantially decreased the cost and increased the speed and throughput of DNA sequencing as compared to the first-generation Sanger sequencing. NGS allows researchers to sequence entire genomes, as well as to analyze the patterns of gene activity or expression on a large scale. Since its discovery in 2005, there have been tremendous improvements in NGS platforms which has enabled the sequencing of thousands to millions of DNA fragments in a single run. This massively parallel sequencing has revolutionized biological and biomedical research by allowing comprehensive characterization and discovery in genomic research. NGS finds applications across various fields including genetics, oncology, pharmacogenomics and personalized medicine.

Market Dynamics:

The global next generation sequencing market growth is driven by growing applications of genomics and precision medicine across various diseases. Rising prevalence of cancer and growing focus on pharmacogenomics is fueling the demand for NGS platforms in clinical diagnosis and monitoring. Growing genomics research activities, coupled with continuous decline in sequencing costs and introduction of portable and user-friendly sequencing instruments is also boosting the market growth. However, data management and analysis issues due to the massive amount of data generated from NGS, and limited bioinformatics knowledge remains a challenge. Meanwhile, developments in single-cell applications and cloud-based solutions for NGS data management presents lucrative growth opportunities.

Key Features of the Study:

This report provides in-depth analysis of the global next generation sequencing market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global next generation sequencing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study includes Thermo Fisher Scientific Inc., Agilent Technologies Inc, bioMérieux SA, F. Hoffmann-La Roche Ltd, QIAGEN, Illumina Inc., Oxford Nanopore Technologies plc., BGI, PerkinElmer Genomics, Bio-Rad Laboratories Inc., Pacific Biosciences, 10x Genomics, Promega Corporation, Macrogen Inc., Eurofins Scientific, DNASTAR Inc., and CD Genomics.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global next generation sequencing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global next generation sequencing market.

Market Segmentation

Product Type:
- Instruments
- Reagents & Consumables
Sequencing Type:
- Whole Genome Sequencing
- Whole Exome Sequencing
- RNA Sequencing
- Targeted Re-sequencing
- Others
Application:
- Drug Discovery
- Personalized Medicine
- Genetic Screening
- Diagnostics
- Others
End User:
- Hospitals & Clinics
- Academic & Research Institutes
- Biopharmaceutical Companies
- Clinical Laboratories
- Others
Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Thermo Fisher Scientific Inc.
- Agilent Technologies Inc
- bioMérieux SA
- Hoffmann-La Roche Ltd
- QIAGEN
- Illumina Inc.
- Oxford Nanopore Technologies plc.
- BGI
- PerkinElmer Genomics
- Bio-Rad Laboratories Inc.
- Pacific Biosciences
- 10x Genomics
- Promega Corporation
- Macrogen Inc.
- Eurofins Scientific
- DNASTAR Inc.
- CD Genomics

Table of Contents

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Market Snapshot, By Product Type
  - Market Snapshot, By Sequencing Type
  - Market Snapshot, By Application
  - Market Snapshot, By End User
  - Market Snapshot, By Region
- Coherent Opportunity Map (COM)
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
  - Restraints
  - Market Opportunities
- Impact Analysis
- Market Trends
- Recent Developments
- Acquisitions and Partnerships Scenario
- Technology Overview
- Regulatory Scenario
- Pricing Analysis
- PEST Analysis
Global Next Generation Sequencing Market- Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 Impact on the market
Global Next Generation Sequencing Market, By Product Type, 2019 – 2031, (US$ Billion)
- Overview
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019 – 2031
  - Segment Trends
- Instruments
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
- Reagents & Consumables
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
Global Next Generation Sequencing Market, By Sequencing Type, 2019 – 2031, (US$ Billion)
- Overview
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019 – 2031
  - Segment Trends
- Whole Genome Sequencing
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
- Whole Exome Sequencing
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
- RNA Sequencing
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
- Targeted Re-sequencing
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
- Others
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
Global Next Generation Sequencing Market, By Application, 2019 – 2031, (US$ Billion)
- Overview
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019 – 2031
  - Segment Trends
- Drug Discovery
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
- Personalized Medicine
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
- Genetic Screening
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
- Diagnostics
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
- Others
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
Global Next Generation Sequencing Market, By End User, 2019 – 2031, (US$ Billion)
- Overview
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019 – 2031
  - Segment Trends
- Hospitals & Clinics
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
- Academic & Research Institutes
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
- Biopharmaceutical Companies
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
- Clinical Laboratories
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
- Others
  - Overview
  - Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (US$ Billion)
Global Next Generation Sequencing Market, By Region, 2019 – 2031, (US$ Billion)
- Introduction
  - Market Share Analysis, By Region, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, For Regions, 2019–2031
  - Regional Trends
- North America
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Sequencing Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (US$ Billion)
    - U.S.
    - Canada
- Latin America
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Sequencing Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (US$ Billion)
    - Brazil
    - Mexico
    - Argentina
    - Rest of Latin America
- Europe
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Sequencing Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (US$ Billion)
    - UK
    - Germany
    - Italy
    - France
    - Spain
    - Russia
    - Rest of Europe
- Asia Pacific
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Sequencing Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (US$ Billion)
    - China
    - India
    - Japan
    - ASEAN
    - Australia
    - South Korea
    - Rest of Asia Pacific
- Middle East
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Sequencing Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (US$ Billion)
    - GCC
    - Israel
    - Rest of Middle East
- Africa
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Sequencing Type, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (US$ Billion)
  - Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 – 2031, (US$ Billion)
    - North Africa
    - Central Africa
    - South Africa
Competitive Landscape
- Thermo Fisher Scientific Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Agilent Technologies, Inc
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- bioMérieux SA
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- F. Hoffmann-La Roche Ltd
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- QIAGEN
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Illumina, Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Oxford Nanopore Technologies plc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- BGI
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- PerkinElmer Genomics
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Bio-Rad Laboratories Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Pacific Biosciences
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- 10x Genomics
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Promega Corporation
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Macrogen Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Eurofins Scientific
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- DNASTAR Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- CD Genomics
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
Analyst View
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact

*Browse 27 market data tables and 31 figures on " Next Generation Sequencing Market” - Global forecast to 2031

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