Press release
Global Next Generation Sequencing Market share, Size & Report | 2025-2034
The global next generation sequencing (NGS) market size attained a value of USD 10.15 billion in 2024. The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period of 2025-2034 to reach a value of about USD 32.58 billion by 2034. The market growth is driven by the increased government programmes and the increased funding for large-scale genome projects. As technology advances, NGS is revolutionising the field of genomics, offering faster, more affordable, and accurate DNA sequencing solutions.Get a Free Sample Report with a Table of Contents: https://tinyurl.com/25fvdsss
The global next generation sequencing market, including market dynamics, trends, segmentation, growth, and key players. We will also explore the impact of COVID-19 on the NGS market and answer frequently asked questions related to this sector.
Global Next Generation Sequencing Market Overview
Next Generation Sequencing (NGS) refers to high-throughput DNA sequencing technologies that allow the sequencing of DNA and RNA much more quickly and cheaply than traditional methods. NGS is a key technology in genomics research, including applications in cancer genomics, precision medicine, and genetic research. The global NGS market is growing rapidly due to its applications across various fields such as molecular diagnostics, personalised medicine, drug discovery, and biotechnology.
NGS technologies allow researchers to sequence entire genomes in a short time, reducing the cost per base of DNA sequencing significantly. The increased adoption of NGS for research in genomics and its growing use in clinical diagnostics are the primary factors driving the market.
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Global Next Generation Sequencing Market Dynamics
Drivers
Increased Funding and Government Programmes: One of the primary drivers for the growth of the NGS market is the increase in funding and government programmes for genomic research. Governments worldwide are allocating more funds to genomic research, which in turn drives the demand for NGS technology.
Growing Demand for Precision Medicine: As the healthcare industry moves towards more personalised treatment options, NGS plays a pivotal role in understanding genetic variations and tailoring treatments accordingly. The growing demand for precision medicine is a major driver for the market.
Technological Advancements: The continuous advancements in NGS technology, such as improvements in speed, accuracy, and cost-effectiveness, are fuelling market growth. Innovations like single-cell sequencing, metagenomics, and direct-to-consumer genetic tests are pushing the market forward.
Expanding Applications in Drug Discovery: The use of NGS in drug discovery and development is expected to grow significantly. Pharmaceutical companies are increasingly using NGS for biomarker discovery, target identification, and clinical trials, thereby boosting the market demand.
Restraints
High Initial Costs: While the cost of sequencing has decreased over the years, the initial setup cost for NGS instruments remains high, limiting access in some regions and for smaller institutions.
Data Analysis Complexity: The massive volume of data generated through NGS poses a significant challenge in terms of storage, analysis, and interpretation. Complex bioinformatics tools are needed, which require skilled professionals.
Regulatory Issues: The regulation of NGS-based clinical diagnostics and genetic testing can be complex, as various countries have different guidelines for the approval and use of NGS-based products. This poses a challenge for the global adoption of NGS technology.
External Global Next Generation Sequencing Market Trends
Several external factors are shaping the global NGS market:
Integration of AI in Genomics: The rise of artificial intelligence (AI) and machine learning technologies in genomics is enabling researchers to handle large datasets more efficiently. AI algorithms can assist in interpreting sequencing data, thus accelerating the pace of research.
Collaborations and Partnerships: Collaborations between academic institutions, biotech companies, and government organisations are increasing. These partnerships often focus on large-scale genomics initiatives, such as the Human Genome Project, which require NGS technologies for data collection and analysis.
Growing Focus on Cancer Genomics: NGS is a critical tool in cancer genomics, where it helps identify mutations and variations that can lead to targeted therapies. The growing focus on cancer genomics is driving the adoption of NGS technologies in oncology.
Next Generation Sequencing in Clinical Diagnostics: The increasing adoption of NGS technologies in clinical diagnostics, particularly for detecting genetic disorders and identifying mutations, is expected to boost market growth. NGS is being integrated into routine clinical settings for precision medicine applications.
Global Next Generation Sequencing Market Segmentation
The global NGS market is segmented based on technology, application, end-user, and region.
By Technology
Sequencing by Synthesis (SBS): This is the most widely used NGS technology, offering high accuracy and throughput. It dominates the market and is expected to continue to do so throughout the forecast period.
Ion Semiconductor Sequencing: This technology is faster than SBS and is often used for smaller sequencing applications.
Nanopore Sequencing: Nanopore sequencing is an emerging technology that has the advantage of long-read sequencing and is expected to see significant growth in the coming years.
Other Technologies: Other NGS technologies include single-molecule real-time sequencing and various hybrid methods.
By Application
Oncology: NGS is used for cancer research, diagnosis, and personalised treatment plans. This application is expected to grow significantly as cancer genomics research advances.
Genetic Disorders: NGS is widely used for diagnosing genetic disorders such as cystic fibrosis, Duchenne muscular dystrophy, and sickle cell anaemia.
Agrigenomics: NGS is also being increasingly applied in agriculture for the development of genetically modified crops and for improving crop yield.
Forensics: NGS is used for forensic DNA analysis, helping in the identification of individuals in criminal investigations.
Others: Other applications include drug development, microbiome analysis, and environmental genomics.
By End-User
Hospitals and Diagnostic Laboratories: This segment is expected to hold the largest share in the NGS market, as clinical applications of NGS are growing rapidly.
Academic and Research Institutes: These institutions are key players in advancing NGS technology and developing new applications.
Pharmaceutical and Biotechnology Companies: NGS is extensively used in drug discovery and personalised medicine, making this an important segment in the market.
By Region
North America: North America dominates the global NGS market, driven by a well-established healthcare infrastructure, high funding for genomics research, and the presence of key market players such as Illumina.
Europe: Europe is another key market for NGS, with several governments supporting genomics research and a strong pharmaceutical industry.
Asia-Pacific: The Asia-Pacific region is expected to witness the highest growth in the coming years, as countries like China and India are increasing their investments in genomics research.
Rest of the World: Latin America and the Middle East & Africa are also expected to see moderate growth due to increasing awareness of genetic testing and research.
Global Next Generation Sequencing Market Growth
The global NGS market is expected to grow at a strong pace over the next decade, driven by several factors such as the increasing adoption of precision medicine, government support for genomic research, and technological advancements in sequencing platforms. The continuous decrease in sequencing costs and the advent of more powerful sequencing tools are expected to make NGS more accessible to healthcare providers, researchers, and even consumers.
The market is likely to experience accelerated growth due to the rapid expansion of NGS applications in oncology, genetic disorders, and drug discovery. Additionally, the integration of AI and machine learning in NGS data analysis is expected to streamline the process and enhance the value proposition of NGS technologies.
Recent Global Next Generation Sequencing Market Developments
Illumina's Acquisition of Grail: In a bid to enhance its position in the cancer genomics sector, Illumina, a key player in the NGS market, acquired Grail, a company specialising in early cancer detection using NGS technology.
Thermo Fisher's Expansion in NGS: Thermo Fisher Scientific launched new NGS platforms that offer increased throughput and sensitivity, catering to the growing demand for high-quality sequencing.
Roche's Acquisition of GenMark Diagnostics: Roche, another major player in the NGS market, acquired GenMark Diagnostics to expand its molecular diagnostics portfolio and strengthen its NGS offerings.
Global Next Generation Sequencing Market Scope
The NGS market's scope is vast and continues to expand. With technological innovations, new applications, and increasing funding, the global NGS market has a wide range of opportunities for both established players and new entrants. The market is expected to see increased adoption in clinical diagnostics, agriculture, forensics, and drug discovery. As the demand for precision medicine grows, the market for NGS will continue to thrive.
Global Next Generation Sequencing Market Analysis
The global NGS market is experiencing robust growth, driven by advancements in technology, increased funding, and the expanding application areas of genomic research. The demand for NGS technology in healthcare, particularly in precision medicine and cancer research, will be a key factor driving market expansion. Additionally, the increasing use of AI and data analytics in genomics will support the growth of the market in the coming years.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a mixed impact on the global NGS market. On one hand, the demand for NGS technologies increased due to the need for genomic surveillance of SARS-CoV-2 and the development of diagnostic tests. On the other hand, the disruption of supply chains, temporary shutdowns of research labs, and delays in clinical trials impacted the market's growth in the short
FAQ
What is the size of the global next-generation sequencing market in 2024?
The global next-generation sequencing market size attained a value of USD 10.15 billion in 2024.
What is the expected market growth rate during the forecast period?
The market is expected to grow at a compound annual growth rate (CAGR) of 13.8% from 2025 to 2034, reaching a value of approximately USD 32.58 billion by 2034.
What factors are driving the growth of the NGS market?
The market growth is primarily driven by increased government programmes, substantial funding for large-scale genome projects, and the rising adoption of personalised medicine. Advances in sequencing technology and increasing research applications across various fields such as genomics, oncology, and infectious diseases are further contributing to the market's expansion.
What types of methods does NGS perform?
NGS platforms are used for a variety of applications, including genome sequencing, transcriptome sequencing (RNA sequencing), and epigenome analysis. These platforms provide researchers with the tools needed to examine genetic variation, gene expression, and DNA modifications at an unprecedented level of detail.
What role do NGS technologies play in modern healthcare and research?
NGS technologies are crucial in personalised medicine, enabling the identification of genetic mutations that can lead to specific diseases. They also play an essential role in cancer research, infectious disease diagnostics, and genetic counselling, among other applications.
What impact has COVID-19 had on the NGS market?
The COVID-19 pandemic has accelerated the demand for NGS platforms, particularly in the development of diagnostics for the SARS-CoV-2 virus. NGS technologies were instrumental in tracking virus mutations and developing diagnostic tests. Despite initial disruptions, the overall market saw significant growth as healthcare systems embraced these advanced technologies to better understand the virus and its variants.
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