Next Generation Sequencing Market Expected to Witness Sustained Growth | Emerging Revenue Opportunities By 2035

According to a study published by Allied Market Research, the global Next Generation Sequencing (NGS) market was valued at $6.59 billion in 2020 and is projected to reach $35.50 billion by 2030, expanding at a strong compound annual growth rate (CAGR) of 18.2% between 2021 and 2030. The report offers comprehensive insights into market size estimations, competitive dynamics, emerging trends, key investment opportunities, and winning strategies adopted by leading industry participants.

Market Size & Future Outlook -

• 2023 Market Size: $12.98 Billion
• 2035 Projected Market Size: $97.8 Billion
• CAGR (2024-2035): 18.3%
• North America: Largest market in 2023
• Asia Pacific: Fastest growing market

► Download the Full Market Research Report Now:
https://www.alliedmarketresearch.com/request-sample/2048

The research highlights that continuous technological advancements in next-generation sequencing platforms, along with the growing adoption of NGS across clinical diagnostics, oncology research, and precision medicine, are major factors fueling market expansion. In addition, the rapid proliferation of genome mapping and population-scale sequencing programs across developed and emerging economies is significantly contributing to sustained market growth.

Despite the positive outlook, the market faces certain challenges that may restrain its pace of expansion. Regulatory complexities surrounding NGS-based research, a shortage of skilled professionals with expertise in genomic data interpretation, and ethical as well as legal concerns related to genetic data usage remain key limiting factors for wider adoption.

However, the increasing importance of cloud computing, advanced bioinformatics tools, and large-scale genomic data management services is expected to create substantial growth opportunities in the coming years. These technologies are enabling faster data processing, improved accuracy, and secure storage of complex sequencing datasets, thereby enhancing the overall efficiency and scalability of NGS applications.

Major Market Players -

• Pacific Biosciences of California,
• F. HOFFMANN-LA ROCHE AG,
• PerkinElmer, Inc,
• PRECIGEN INC,
• Qiagen N.V,
• Agilent Technologies, Inc.,
• abgi group,
• ILLUMINA INC.,
• Thermo Fisher Scientific Inc.

TABLE OF CONTENT -

CHAPTER 1 - INTRODUCTION:
• 1.1. Report description
• 1.2. Key market segments
• 1.3. Key benefits to the stakeholders
• 1.4. Research methodology
o 1.4.1. Primary research
o 1.4.2. Secondary research
o 1.4.3. Analyst tools and models

CHAPTER 2 - EXECUTIVE SUMMARY:
2.1. CXO perspective

CHAPTER 3 - MARKET OVERVIEW:
• 3.1. Market definition and scope
• 3.2. Key findings
o 3.2.1. Top impacting factors
o 3.2.2. Top investment pockets
• 3.3. Porter's five forces analysis
• 3.4. Market dynamics
o 3.4.1. Drivers
o 3.4.2. Restraints
o 3.4.3. Opportunities

Depending on product, the market is segmented into consumables, platforms, and services. The consumables segment accounted for the largest next generation sequencing market share in terms of revenue in 2023 and is expected to maintain its lead during the forecast period.

Recent Developments in Next Generation Sequencing Industry -

• In March 2023, Qiagen N.V., announced the launch of the new QIAseq Platform Partnership program and the first partnership with medical data-analysis provider SOPHiA GENETICSTM that will bring together its QIAseq reagent technology for next-generation sequencing (NGS) with the SOPHiA DDMTM digital analytics platform.

★ Request Pricing & Licensing Details @
https://www.alliedmarketresearch.com/next-generation-sequencing-market/purchase-options

The next generation sequencing market is expected to witness a significant growth in the coming years. This market has gained interest of the healthcare and medical sectors owing to increased prevalence of hypertension throughout the globe. Furthermore, the global next generation sequencing market is segmented on the basis of product type, end user, and region. leading market players have been introducing various strategies to help enterprises move their on-premise models to on-demand models.

Frequently Asked Questions?

Q1. What is the total market value of next generation sequencing market market report?

Q2. What would be forecast period in the market report?

Q3. What is the market value of next generation sequencing market market in 2032?

Q4. Which is base year calculated in the next generation sequencing market market report?

Q5. Which are the top companies hold the market share in next generation sequencing market market?

♦ Trending Reports in Healthcare Industry (According To "2026 Trends") -

Medical Rubber Stopper Market - https://www.alliedmarketresearch.com/medical-rubber-stopper-market-A324467

Medical X-ray Radiation Protection Glass Market - https://www.alliedmarketresearch.com/medical-x-ray-radiation-protection-glass-market-A324471

Contact Us:

United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Us -

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various research data tables and confirms utmost accuracy in our market forecasting. Each and every us companies and this helps us in digging out market data that helps us generate accurate y data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.