Press release
Next Generation Sequencing (NGS) Market to be worth $27.5 Billion by 2030
Meticulous Research® Unveils Comprehensive Market Insight in Latest Report: "Next Generation Sequencing (NGS) Market Poised for Remarkable Growth by 2030"Meticulous Research®, a globally renowned market research company, is pleased to announce the release of its latest research report titled, "Next Generation Sequencing (NGS) Market by Offering (Kits [Library Prep, QC, DNA Extraction], System) Type (Genome, Exome, Targeted) Application (Reproductive, Oncology, Infectious) Technology (SBS, Nanopore, Nanoball, SMRT Seq) - Global Forecast to 2030."
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5040
According to this groundbreaking publication from Meticulous Research®, the global NGS market is projected to reach a staggering $27.5 billion by 2030, showcasing a robust CAGR of 15.8% from 2023 to 2030. The driving forces behind this exponential growth include the escalating prevalence of cancer, the expanding role of NGS in cancer treatment and research, the decreasing costs associated with genome sequencing, advancements in sequencing technologies, augmented pharmaceutical research and development investments, a surge in genome mapping initiatives, and improvements in regulatory and reimbursement landscapes for NGS-based diagnostic tests.
Nevertheless, challenges such as the high costs of NGS systems and consumables, the presence of alternative technologies, ethical and legal concerns related to NGS-based diagnosis, and the limited identification of actionable mutations for precision medicine are identified as potential hurdles to market growth. Despite these challenges, the NGS market is expected to witness opportunities arising from the increasing applications of NGS, growing adoption of bioinformatics and genomic data management solutions, and government support for large-scale genomic sequencing projects.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/next-generation-sequencing-market-5040
Key Players Driving NGS Innovation:
Leading the charge in the global NGS market are prominent players including Illumina, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), PerkinElmer, Inc. (U.S.), Qiagen N.V. (Netherlands), Agilent Technologies, Inc. (U.S.), Pacific Biosciences of California, Inc. (U.S.), Danaher Corporation (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Oxford Nanopore Technologies Plc. (U.K.), 10X Genomics, Inc. (U.S.), and Beijing Genomics Institute (BGI) (China).
Future Outlook of the NGS Market:
The comprehensive NGS market study offers historical market data for 2021 and 2022, estimated current data for 2023, and forecasts for 2030. The market is analyzed based on offerings (Consumables, NGS Platforms/Instruments, Software, Services), sequencing types, technology, applications, end-users, and geography.
Have Any Query ? Speak To Our Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5040
In 2023, the consumables segment is anticipated to dominate the NGS market, driven by recurring usage, increased demand for NGS-based diagnostic tests, and expanding applications in oncology, reproductive health diagnosis, and drug discovery.
Targeted genome sequencing is expected to hold the largest market share among sequencing types in 2023, fueled by its rapid and cost-effective methods, applications in discovering somatic mutations, and high researcher demand for studying gene-drug associations.
The sequencing by synthesis technology is poised to capture the largest share of the NGS market in 2023, attributed to its high accuracy in DNA sequencing, error-free throughput, and growing incorporation in NGS products.
The research and other applications segment is projected to command the largest market share in 2023, propelled by the increasing prevalence of genetic disorders, growing adoption of sequencing-based tests, demand for personalized medicines, and expanding NGS-based research.
Quick Buy: https://www.meticulousresearch.com/Checkout/89568169
Pharmaceutical & biotechnology companies are expected to be the largest end-users of the NGS market in 2023, driven by increased R&D spending and the rising incidence of chronic diseases.
Geographically, North America is estimated to lead the NGS market in 2023, driven by the pharmaceutical & biotechnology industry's increased R&D expenditure, the presence of key market players, government initiatives, growing awareness of NGS-based tests, and a favorable reimbursement scenario.
The research report further delves into major geographies, providing a comprehensive analysis of North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Meticulous Research® continues to be at the forefront of delivering in-depth market intelligence, empowering businesses to make informed decisions in an ever-evolving global landscape. For a detailed analysis of the NGS market and its potential impact on your business, access the full report on our website or contact our research experts.
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5040
Related Research:
1. Latin America Next Generation Sequencing (NGS)Market by Type (Consumables, NGS Platform), Sequencing Type (Whole Genome, Targeted), Technology (Sequencing by Synthesis, Sequencing by Ligation), Application (Clinical, Research), End User - Forecast to 2027 https://www.meticulousresearch.com/product/latin-america-next-generation-sequencing-market-5106
2. Asia-Pacific Next Generation Sequencing (NGS) Market by Offering (Kits [Library Prep, QC, DNA Extraction], System), Type (Genome, Exome, Targeted), Application (Reproductive, Oncology), Technology (SBS, Nanopore, Nanoball, SMRT Seq) - Forecast to 2030 https://www.meticulousresearch.com/product/asia-pacific-next-generation-sequencing-market-5722
3. Next Generation Sequencing (NGS) Informatics Market by Offering (Data Analysis, Interpretation & Reporting, Storage & Computing, LIMS) Application (Diagnostic, Drug Discovery, Precision Medicine, Biomarker Discovery) End User - Global Forecast to 2030 https://www.meticulousresearch.com/product/ngs-informatics-market-3483
4. Europe NGS Market by Offering (Kits [Library Prep, QC, DNA Extraction], System), Type (Genome, Exome, Targeted), Application (Reproductive, Oncology, Infectious, CVD, Drug Discovery), Technology (SBS, Nanopore, Nanoball, SMRT Seq, DNB) - Forecast to 2030 https://www.meticulousresearch.com/product/europe-ngs-market-5744
5. Middle East & Africa NGS Market by Offering (Kits [Library Prep, QC, DNA Extraction], System) Type (Genome, Exome, Targeted), Application (Reproductive, Oncology, Infectious, Drug Discovery), Technology (SBS, Nanopore, Nanoball, SMRT Seq) - Forecast to 2031
https://www.meticulousresearch.com/product/middle-east-and-africa-ngs-market-5786
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Next Generation Sequencing (NGS) Market to be worth $27.5 Billion by 2030 here
News-ID: 3387686 • Views: …
More Releases from Meticulous Research®

Direct Air Capture Market: Transforming Carbon Removal for a Net-Zero Future
Introduction
The global Direct Air Capture (DAC) market has entered a period of rapid transformation as nations, industries, and corporations intensify their efforts to achieve net-zero emissions. Valued at $136.5 million in 2024, the market is projected to grow significantly, reaching approximately $6.93 billion by 2035. This expansion, driven by a remarkable compound annual growth rate (CAGR) of 43.3% between 2025 and 2035, highlights the growing importance of DAC technologies in…

European Direct-to-Consumer Genetic Testing Market Outlook 2025-2035
Introduction
The European direct-to-consumer (DTC) genetic testing market is expanding at a remarkable pace, reflecting rising consumer interest in personalized healthcare and genetic insights. Valued at $464 million in 2025, the market is projected to grow at a compound annual growth rate (CAGR) of 23.3%, reaching nearly $3.78 billion by 2035. This growth underscores how advances in genomic sequencing, combined with increasing health awareness, are reshaping the healthcare and wellness landscape…

Peer-to-Peer Energy Trading Platforms Market Outlook 2025-2035
Introduction
The global peer-to-peer (P2P) energy trading platforms market is undergoing rapid transformation as new technologies reshape how energy is generated, distributed, and traded. Valued at $138 million in 2024, the market is projected to grow significantly, reaching nearly $2.34 billion by 2035. This growth, at a compound annual growth rate (CAGR) of 29.7% from 2025 to 2035, highlights the increasing adoption of decentralized energy solutions and digital platforms that empower…

Dermoscopy and Skin Visualization Devices Market Outlook to 2035
Introduction
The global dermoscopy and skin visualization devices market is entering a phase of rapid transformation, driven by the increasing need for early detection of skin conditions and the rising incidence of skin cancer worldwide. Valued at $1.33 billion in 2024, the market is expected to reach nearly $3.3 billion by 2035, expanding from an estimated $1.43 billion in 2025 at a compound annual growth rate (CAGR) of 8.7% during the…
More Releases for NGS
Next Generation Sequencing (NGS) : - Key Industry Dynamics
The Next Generation Sequencing (NGS) market size is projected to reach US$ 34.75 billion by 2031 from US$ 10.00 billion in 2023. The market is expected to register a CAGR of 16.8% during 2023-2031. Increased throughput and reduced costs is likely to remain key trends in the market.
Next-generation sequencing (NGS) carries a shift in genomics research, offering unmatched capabilities for analyzing DNA and RNA molecules in a high-throughput and cost-effective…
Next-Generation Sequencing (NGS) Services Next-Generation Sequencing (NGS) Servi …
Global Next-Generation Sequencing (NGS) Services Market Report encompasses market data, such as trends, consumer behavior, and competitive analysis in a way that allows businesses to identify opportunities in the market. The objective of the market research is understood very clearly by DBMR team before the creation of report commences. Intense research takes place to accurately analyze market dynamics and consumer behaviour included in the report.
Global Next-Generation Sequencing (NGS) Services Market,…
Complete PDF Guide to NGS Sample Preparation
The NGS sample preparations determine components in the samples, such as blood, urine, and others, in animals.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 @ https://www.theinsightpartners.com/sample/TIPRE00006573?utm_source=OpenPR&utm_medium=10379
The type of analyzers includes urine analyzers, blood gas & electrolyte analyzers, glucometers, and others used by medical labs, hospitals, and people at home.
Top Companies Analysis -
Agilent Technologies, Inc.
Becton, Dickinson and Company
Beckman Coulter
F. Hoffmann-La Roche AG
Illumina, Inc.
…
NGS Sample Preparation Market - Preparing for Precision: NGS Sample Preparation …
Newark, New Castle, USA: The "NGS Sample Preparation Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
NGS Sample Preparation Market: https://www.growthplusreports.com/report/ngs-sample-preparation-market/8504
This latest report researches the industry structure,…
NGS Library Preparation Market - Sequencing Solutions, Redefined: Innovations in …
Newark, New Castle, USA - new report, titled NGS Library Preparation Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the NGS Library Preparation market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global NGS Library Preparation market. The report offers an overview of…
Next Generation Sequencing (NGS) Data Analysis Market Research Report 2020Next G …
The Next Generation Sequencing (NGS) Data Analysis Market report helps identify the biggest opportunities in Next Generation Sequencing (NGS) Data Analysis industry space and offers accurate latent demand forecasting that empowers quantitative decision making among Next Generation Sequencing (NGS) Data Analysis market players and new entrants. Investors will gain a clear insight on the dominant players in Next Generation Sequencing (NGS) Data Analysis industry and their future forecasts. Furthermore, readers…