Next Generation Sequencing (NGS) Market to Perceive Remarkable Growth of USD 35.36 billion Globally by 2032, Size, Share, Trends, Demand, Opportunities and Competitive Analysis

The Global Next Generation Sequencing (NGS) market research report meticulously collects and analyses data on market demographics, trends, consumer preferences, and purchasing behaviours to identify potential markets and the key factors driving product demand. Recognizing that market research can be a time-intensive process requiring detailed investigation and thoughtful analysis, this report is specifically designed to save clients valuable time. It offers practical and actionable solutions that cater to client needs, ensuring comprehensive insights. This report is an invaluable resource for clients, enabling them to conduct thorough market research before introducing a new service or product, setting a solid foundation for success.

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Global Next Generation Sequencing (NGS) market size was USD 12.93 billion in 2023 and the market is projected to touch USD 35.36 billion by 2032, at a CAGR of 11.83% during the forecast period.

NGS allows scientists to decipher genetic information rapidly and at a larger scale, revolutionizing fields such as healthcare, agriculture, and biotechnology. In recent years, the market has witnessed exponential growth due to the decreasing costs of sequencing, expanding applications in personalized medicine, and the rising demand for efficient diagnostics and drug development tools.

Prominent Market Players: Next Generation Sequencing (NGS) Market

· BGI

· Eurofins Scientific

· Beckman Coulter

· Thermo Fisher Scientific

· Revvity

· Agilent Technologies

· QIAGEN

· Charles River Laboratories

· Macrogen

· Oxford Nanopore Technologies

· Merck KGaA

· New England Biolabs

· Illumina

· Promega Corporation

· Hamilton Company

· Takara Bio

· LGC Biosearch Technologies

· Bio-Rad Laboratories

· PacBio

· DNASTAR

· Gilson Incorporated

· PCR Biosystems

· Azenta US

· ACT Genomics

· Quantabio

· NimaGen

The 2024 Annual Next Generation Sequencing (NGS) Market offers:

• 100+ charts exploring and analyzing the Next Generation Sequencing (NGS) market from critical angles including retail forecasts, consumer demand, production and more

• 10+ profiles of top Next Generation Sequencing (NGS) producing states, with highlights of market conditions and retail trends

• Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

• Benchmark wholesale prices, market position, plus prices for raw materials involved in Electric Vehicle Charging Stations type

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Key Segmentation: Next Generation Sequencing (NGS) Market

By Product & Service

· Consumables

· Services

· Instruments

By Application

· Pharmaceuticals Microbiology

· Drug & Biomarker Discovery

· Diagnostics

· Precision Medicine

· Agricultural & Animal Research

· Food Pathogen Screening

· Others

By Technology

· Sequencing by Synthesis (SBS)

· Sequencing by Ligation (SBL)

· Others

By End User

· Pharmaceutical & Biotechnology Companies

· Academic & Research Institutes

· Hospitals & Clinics

· Clinical Laboratories

· Contract Research Organizations (CROs)

· Others

By Distribution Channel

· Direct Tender

· Retail Sales

· Others

By Geography

· North America (USA, and Canada)

· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico, and Rest of Latin America)

· Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Next Generation Sequencing (NGS) Recent Developments

Aug 2023, Almac Diagnostic Services, a part of the Almac Group, has announced an investment to enhance its Next Generation Sequencing (NGS) capabilities for BioPharma partners. This follows the acquisition and installation of the first Illumina NovaSeq X Plus instrument in Northern Ireland and across the entire island of Ireland. With this investment in Illumina's newest and most advanced instrument, Almac's NGS portfolio is significantly enhanced. Their DNA Sequencing Service offerings now include Whole Genome Sequencing, Whole Exome Sequencing, and various RNA Sequencing Service options for Biomarker Discovery projects.

May 2023, Pfizer and Thermo Fisher Scientific Inc. (NYSE: TMO) have announced a collaboration to expand access to next-generation sequencing (NGS)-based testing for lung and breast cancer patients in over 30 countries across Latin America, Africa, the Middle East, and Asia, where advanced genomic testing has been limited or unavailable. By providing local NGS testing, the initiative aims to deliver faster gene analysis, enabling healthcare providers to choose the most appropriate therapy for each patient.

Points Which Are Focused In the Report

• The report offers market share appraisals for regional and global levels

• Potential and niche segments/regions exhibiting promising growth

• What are the challenges being faced by the new entrants

• Future trends to elucidate imminent investment pockets.

• This report provides pin-point analysis for changing competitive dynamics

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