Next Generation Sequencing Market

Next Generation Sequencing Market by Product (Consumables, Platforms, Services, and Nerve Blockers), Application (Diagnostics, Biomarkers and Cancer, Reproductive Health, Personalized Medicine, Agriculture and Animal Research, and Other Applications), Technology (Sequencing by Synthesis, Ion Semiconductor Sequencing, Pyrosequencing, Single Molecule Real Time Sequencing, and Other Technologies)

The global market for next-generation sequencing (NGS) is expected to grow at a CAGR of 16.2 percent from 2019 to $10.35 billion by 2025.

Next Generation Sequencing (NGS) is a technique for determining the nucleotide sequence in a DNA sample. It allows for the rapid and low-cost sequencing of DNA or RNA. This market's expansion is being driven primarily by technological advancements in sequencing procedures, an increase in genome mapping programmes, and an increase in drug discovery platforms that require NGS technology. Furthermore, the growing number of government initiatives for large-scale genomic sequencing projects, as well as the emergence of cloud computing as a potential data management service, are driving NGS product adoption.

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The study categorizes the next-generation sequencing market into the following segments and subsegments:

BY PRODUCT

NGS ConsumablesSequencing ServicesExome & Targeted Resequencing & Custom PanelsWhole-Genome Sequencing & De Novo SequencingRNA SequencingOther Sequencing ServicesPresequencing Products & ServicesLibrary Preparation & Target EnrichmentQuality ControlNGS PlatformsIlluminaNovaseq SystemsNextseq SystemsMiseq SystemsMiniseq SystemsiSeq SystemsThermo Fisher ScientificION PGM SystemsION Proton SystemsION Genestudio SystemsIon Torrent Genexus SystemsOxford Nanopore TechnologiesPacific BiosciencesOther PlatformsBioinformaticsData Analysis ServicesNGS Data Analysis Software & WorkbenchesNGS Storage, Management, & Cloud Computing SolutionsServices for NGS Platforms

BY TECHNOLOGY

Sequencing by SynthesisION Semiconductor SequencingNanopore SequencingSingle-Molecule Real-Time SequencingOther Technologies

BY APPLICATION

DiagnosticsCancer DiagnosticsInfectious Disease DiagnosticsReproductive Health DiagnosticsOther Diagnostic ApplicationsDrug DiscoveryAgricultural & Animal ResearchOther Applications

BY END USER

Academic Institutes & Research CentersPharmaceutical & Biotechnology CompaniesHospitals & ClinicsOther End Users

BY REGION

North AmericaUSCanadaEuropeGermanyUKFranceItalySpainNetherlandsRest of EuropeAsia PacificChinaJapanIndiaAustraliaRest of Asia PacificLatin AmericaBrazilMexicoRest of Latin AmericaThe Middle East and Africa

 

Insights into End-Use Industry

In 2020, the academic research end-use segment held the largest share of more than 53%. From 2021 to 2028, the segment is expected to grow at a steady CAGR. This expansion can be attributed to the use of NGS solutions in research projects conducted at universities and research centres. Furthermore, scholarships for Ph.D. projects in NGS are expected to drive demand for NGS products and services, resulting in profitable growth over the next few years.

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Furthermore, countries such as Germany and the United Kingdom have a number of universities that provide NGS applications and molecular biology courses. For instance, the Wageningen University & Research, the Netherlands offers NGS facilities and technologies that can be used in various applications.

The Report Answers The Following Key Questions:

How do advances in sequencing technologies influence the adoption of NGS products?How are the industry's leaders incorporating technological advancements into their products?Who are the top competitors in this market and what strategies do they employ to gain shares?What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?What are the major drivers, restraints, opportunities, challenges, and trends in the global next-generation sequencing market?Who are the major players in various countries and what share of the global market do they hold?

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