Press release
United States Next Generation Sequencing (NGS) Market Rapid Expansion to hit US$ 35.92 Billion by 2033 | Top Companies - Bio-Rad Laboratories, Inc., Qiagen, Eurofins Scientific, Revvity (PerkinElmer Inc.), Takara Bio Inc
Next Generation Sequencing (NGS) Market
DataM Intelligence unveils its latest report on the "Next Generation Sequencing Market Size 2025," offering an in-depth analysis of market trends, growth drivers, competitive landscape, and regional dynamics. The study covers market size in value and volume, CAGR forecasts, and emerging opportunities that can guide businesses in seizing growth potential and crafting winning strategies. Packed with data-driven insights on current developments and future trends, this report is essential for companies aiming to stay ahead in the competitive Market.
The Next Generation Sequencing (NGS) Market was at US$ 13.12 billion in 2022, and by 2023, it had reached US$ 13.65 billion, marking a significant growth in market value.
North America dominated the Next Generation Sequencing (NGS) market in 2022, reaching a value of US$ 5.86 billion, and continued its upward trajectory to US$ 6.08 billion in 2023.
Meanwhile, the Asia-Pacific region posted robust growth, rising from US$ 3.23 billion in 2022 to US$ 3.39 billion in 2023, driven by increasing investments and strong demand from emerging markets such as China and India.
The drug discovery segment expanded from US$ 1.80 billion in 2022 to US$ 1.89 billion in 2023, driven by the growing adoption of advanced technologies in the global market.
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List of Top Key Player:
Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Qiagen, Eurofins Scientific, Revvity (PerkinElmer Inc.), Takara Bio Inc., Illumina Inc., Alithea Genomics SA, and NewBiologix SA
Industry Developments:
In February 2025, Roche introduced its proprietary Sequencing by Expansion (SBX) technology - a breakthrough in next-generation sequencing that enables ultra-fast, high-throughput, and scalable genomic analysis. This innovation strengthens capabilities to decode complex diseases such as cancer and neurodegenerative disorders by offering deeper insights into gene functions and interactions.
Technological advancements have significantly enhanced nucleic acid sequencing capabilities. For instance, in April 2024, NewBiologix SA launched a next-generation sequencing (NGS) and optical mapping platform-an advanced suite of integrated technologies designed to deliver comprehensive genomic analysis services tailored for the biopharmaceutical industry.
Forecast Projection:
The Global Next Generation Sequencing Market is poised for significant growth between 2025 and 2032. In 2024, the market maintained a steady upward trajectory, and with strategic initiatives by leading players accelerating adoption, the market is expected to soar throughout the forecast period. Companies leveraging these trends are well-positioned to capture emerging opportunities and maximize revenue potential.
Market Intelligence Research Process:
The Next Generation Sequencing Market research report by DataM Intelligence combines primary and secondary data to deliver deep, actionable insights. It examines the full spectrum of factors shaping the industry, from government regulations and market conditions to competitive dynamics, historical trends, technological breakthroughs, upcoming innovations, and potential challenges. This comprehensive analysis not only highlights growth prospects but also identifies barriers, equipping businesses to navigate market volatility and capitalize on emerging opportunities.
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Key Segmentation:
Product Type: Reagents and Consumables, Instruments, Others
Application Outlook: Agriculture and Animal Research, Drug Discovery, Diagnostics, Genetic Screening, Others
Technology Outlook: Whole Genome Sequencing, Chip Sequencing, De Novo Sequencing, RNA Sequencing, Methyl Sequencing, Others
End User Outlook: Hospitals and Diagnostic Centers, Biotechnology and Pharmaceutical Companies, Academic & Research Institutes, Others
Global Growth Regional Analysis:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1 - Market Overview: Kickstarts the report with a comprehensive snapshot of the Next Generation Sequencing Market, summarizing key segments by region, product type, and application. Highlights include market size, segment growth potential, and short- & long-term industry outlook.
Chapter 2 - Emerging Trends: Uncovers the game-changing trends and high-impact innovations shaping the future of the industry.
Chapter 3 - Competitive Landscape: Offers a deep dive into market competition, detailing revenue shares, strategic initiatives, and recent mergers & acquisitions.
Chapter 4 - Top Player Profiles: Features detailed company profiles, covering revenue, profit margins, product lines, and major milestones for leading market players.
Chapters 5 & 6 - Regional & Country Analysis: Breaks down revenue performance across global regions, providing insights on market sizes, opportunities, and growth prospects worldwide.
Chapter 7 - Segmentation Analysis: Explores market segmentation by type, revealing high-potential categories and guiding businesses towards lucrative areas.
Chapter 8 - Application Insights: Examines downstream markets and identifies promising sectors for expansion, showing how different applications are driving growth.
Chapter 9 - Supply Chain Mapping: Maps the entire industry supply chain, highlighting upstream and downstream activities for a holistic market perspective.
Chapter 10 - Key Takeaways: Concludes with critical insights and actionable strategies, equipping stakeholders to make informed decisions and stay ahead in the market.
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FAQ's
Q1: How large is the Next Generation Sequencing Market?
Ans: The Next Generation Sequencing Market size was valued at USD$ 13.42 Billion in 2024 and is projected to grow to USD $ 35.92 Billion by 2033.
Q2: How quickly is the Next Generation Sequencing Market expanding?
Ans: The Next Generation Sequencing Market is forecasted to grow at a CAGR of 11.6% between 2024 and 2031, showing strong growth momentum
Q3: Which regions are dominating the Next Generation Sequencing Market and which are fastest-growing?
Ans: North America dominating the Next Generation Sequencing market.
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
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