The global Next Generation Sequencing Market is projected to grow at a CAGR of 19.9% by 2034
The Next Generation Sequencing Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Research and Clinical Collaborations are Expected to Enhance the NGS Market
Research and clinical collaborations are likely to play a significant role in augmenting the next generation sequencing (NGS) market. These collaborations can drive innovation, reduce costs, and expand the application of NGS technologies. Collaborations bring together experts from various fields, such as genomics, bioinformatics, clinical medicine, and data science, fostering interdisciplinary innovation. A rising number of NGS industry players are developing partnerships with major diagnostics and pharmaceutical businesses, which is a key step towards furthering the use of NGS in clinical settings and personalised medicine. For instance, on 5th January 2024, Illumina Inc., a global pioneer in DNA sequencing and array-based technologies, said that it has entered into a collaboration with Janssen Research & Development, LLC. This will be the first cooperation to create Illumina, Inc. revolutionary molecular residual disease assay, a WGS (whole-genome sequencing) multi-cancer research service that can detect circulating tumour DNA (ctDNA) to better understand disease persistence or recurrence following clinical intervention.
Pricing Pressure has Emerged as a Significant Barrier to the Growth of the Next-Generation Sequencing Market.
Pricing pressure is a significant restraint on the global expansion of the next generation sequencing (NGS) sector. Intense rivalry among prominent NGS providers has caused price wars, which can pressure corporate margins. Emerging companies and alternative sequencing technologies (e.g., nanopore sequencing) further increase competition, forcing existing players to lower prices to remain competitive. Since biopharmaceutical companies are cautious to invest in the discovery of novel drugs, the global clinical research market is currently seeing slow growth. Price pressure is increasing the use of generic medications, which is likely to slow R&D investment growth. Due to easy access to prescriptions, the usage of generic drugs is rapidly increasing over the world. This is projected to have a negative impact on clinical research industry expansion, affecting the NGS market.
What Questions Should You Ask before Buying a Market Research Report?
How is the next generation sequencing market evolving?
What is driving and restraining the next generation sequencing market?
How will each next generation sequencing submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
How will the market shares for each next generation sequencing submarket develop from 2024 to 2034?
What will be the main driver for the overall market from 2024 to 2034?
Will leading next generation sequencing markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
Who are the leading players and what are their prospects over the forecast period?
What are the next generation sequencing projects for these leading companies?
How will the industry evolve during the period between 2024 and 2034? What are the implications of next generation sequencing projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the next generation sequencing manufacturing market?
Where is the next generation sequencing market heading and how can you ensure you are at the forefront of the market?
What are the best investment options for new product and service lines?
What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the next generation sequencing market today, and over the next 10 years:
Our 301-page report provides 118 tables and 185 charts/graphs exclusively to you.
The report highlights key lucrative areas in the industry so you can target them - NOW.
It contains in-depth analysis of global, regional and national sales and growth.
It highlights for you the key successful trends, changes and revenue projections made by your competitors.
Forecasts to 2034 and other analyses reveal commercial prospects
In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares.
You will find original analyses, with business outlooks and developments.
Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising vaccine contract manufacturing prices and recent developments.
Segments Covered in the Report
Type
Consumables
Bioinformatics
Sequencing Services
Whole Exome Sequencing
Targeted Panels
Whole-genome Sequencing
Others
Pre-sequencing Services
Library Preparation and Target Enrichment
Quality Control
Instruments
Workflow
Library Preparation
Semi-automated
Automated
Sequencing
Data Analysis
NGS Primary Data Analysis
NGS Secondary Data Analysis
NGS Tertiary Data Analysis
Application
Oncology
Diagnostics and Screening
Research Studies
Reproductive Health
NIPT (Noninvasive Prenatal Testing)
PGT (Preimplantation Genetic Testing)
Newborn Genetic Screening
Single Gene Analysis
Genetic and Rare Diseases
Consumer Genomics
Agrigenomics & Forensics
Others
End-use
Hospitals and Clinics
Academic and Research Institutes
Pharmaceutical and Biotech Companies
Others
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 20 leading national markets:
North America
U.S.
Canada
Europe
Germany
UK
France
Spain
Italy
Russia
Denmark
Norway
Sweden
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Singapore
Thailand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of Latin America
MEA
GCC
South Africa
Turkey
Rest of MEA
The report also includes profiles for some of the leading companies in the Next Generation Sequencing Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading companies and the potential for market growth
Illumina, Inc.
F. Hoffman-La Roche Ltd.
QIAGEN
Thermo Fisher Scientific, Inc.
Bio-Rad Laboratories, Inc.
PerkinElmer, Inc.
Eurofins Scientific
Agilent Technologies
Tecan Group
Takara Bio
10x Genomics
GenScript
Integrated DNA Technologies
Oxford Nanopore Technologies
Overall world revenue for Next Generation Sequencing Market, 2024 to 2034 in terms of value the market will surpass US$8.0 billion in 2024, our work calculates. We predict strong revenue growth through to 2034.Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the Next Generation Sequencing Market, 2024 to 2034 report help you?
In summary, our 300+ page report provides you with the following knowledge:
Revenue forecasts to 2034 for Next Generation Sequencing Market 2024 to 2034, with forecasts for type, workflow, application, and end-use, each forecast at a global and regional level - discover the industrys' prospects, finding the most lucrative places for investments and revenues.
Revenue forecasts to 2034 for five regional and 20 key national markets - See forecasts for the Next Generation Sequencing Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America, and MEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Argentina, Colombia, Germany, France, UK, Italy, Spain, Denmark, Norway, Sweden, China, India, Japan, Singapore, South Korea, Thailand, GCC Countries, South Africa, Turkey, and Australia among other prominent economies.
Prospects for established firms and those seeking to enter the market - including company profiles for 14 of the major companies involved in the Next Generation Sequencing Market, 2024 to 2034.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the Next Generation Sequencing Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.
Table of Contents
1 Report Overview
1.1 Objectives of the Study
1.2 Introduction to Next Generation Sequencing Market
1.3 What This Report Delivers
1.4 Why You Should Read This Report
1.5 Key Questions Answered by This Analytical Report
1.6 Who is This Report for?
1.7 Methodology
1.7.1 Market Definitions
1.7.2 Market Evaluation & Forecasting Methodology
1.7.3 Data Validation
1.7.3.1 Primary Research
1.7.3.2 Secondary Research
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Visiongain Reports
1.10 About Visiongain
2 Executive Summary
3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.3 Impact Analysis
3.3.1 Market Driving Factors
3.3.1.1 Rapid Technological Advancements is Boosting the NGS Market to Grow
3.3.1.2 Research and Clinical Collaborations is Likely to Augment the NGS market
3.3.1.3 Increasing Healthcare Spending
3.3.1.4 Growing Disease Variation and Prevalence is Contributing to the Growing NGS Technology Demand
3.3.2 Market Restraining Factors
3.3.2.1 Lack of Skilled Professionals is Hampering the Market Growth
3.3.2.2 Pricing Pressure Becomes one of the Main Obstacles to the Expansion of the Global Next Generation Sequencing
3.3.2.3 Privacy and Ethical Challenges
3.3.3 Market Opportunities
3.3.3.1 Personalised Medicine and Precision Oncology Creates a Huge Opportunity for the Market to Grow
3.3.3.2 Adoption of NGS in Biomarker Discovery and Drug Development as NGS have Accelerated the Development of Targeted Therapies
3.4 Supply Chain Analysis
3.5 Regulatory Framework
3.6 Emerging Markets and Megatrends
3.7 Porter's Five Forces Analysis
3.7.1 Bargaining Power of Suppliers
3.7.2 Bargaining Power of Buyers
3.7.3 Competitive Rivalry
3.7.4 Threat of Substitutes
3.7.5 Threat of New Entrants
3.8 PESTLE Analysis
4 Next Generation Sequencing Market Analysis by Type
4.1 Key Findings
4.2 Type Segment: Market Attractiveness Index
4.2.1 Next Generation Sequencing Market Size Estimation and Forecast by Type
4.3 Consumables
4.3.1 Market Size by Region, 2024-2034 (US$ Billion)
4.3.2 Market Share by Region, 2024 & 2034 (%)
4.4 Bioinformatics
4.4.1 Market Size by Region, 2024-2034 (US$ Billion)
4.4.2 Market Share by Region, 2024 & 2034 (%)
4.5 Sequencing Services
4.5.1 Market Size by Region, 2024-2034 (US$ Billion)
4.5.2 Market Share by Region, 2024 & 2034 (%)
4.6 Pre-Sequencing Services
4.6.1 Market Size by Region, 2024-2034 (US$ Billion)
4.6.2 Market Share by Region, 2024 & 2034 (%)
4.7 Instruments
4.7.1 Market Size by Region, 2024-2034 (US$ Billion)
4.7.2 Market Share by Region, 2024 & 2034 (%)
5 Next Generation Sequencing Market Analysis by Workflow
5.1 Key Findings
5.2 Workflow Segment: Market Attractiveness Index
5.2.1 Next Generation Sequencing Market Size Estimation and Forecast by Workflow
5.3 Library preparation
5.3.1 Market Size by Region, 2024-2034 (US$ Billion)
5.3.2 Market Share by Region, 2024 & 2034 (%)
5.4 Sequencing
5.4.1 Market Size by Region, 2024-2034 (US$ Billion)
5.4.2 Market Share by Region, 2024 & 2034 (%)
5.5 Data Analysis
5.5.1 Market Size by Region, 2024-2034 (US$ Billion)
5.5.2 Market Share by Region, 2024 & 2034 (%)
6 Next Generation Sequencing Market Analysis by Application
6.1 Key Findings
6.2 Application Segment: Market Attractiveness Index
6.2.1 Next Generation Sequencing Market Size Estimation and Forecast by Application
6.3 Oncology
6.3.1 Market Size by Region, 2024-2034 (US$ Billion)
6.3.2 Market Share by Region, 2024 & 2034 (%)
6.4 Reproductive Health
6.4.1 Market Size by Region, 2024-2034 (US$ Billion)
6.4.2 Market Share by Region, 2024 & 2034 (%)
6.5 Genetic and Rare Diseases
6.5.1 Market Size by Region, 2024-2034 (US$ Billion)
6.5.2 Market Share by Region, 2024 & 2034 (%)
6.6 Consumer Genomics
6.6.1 Market Size by Region, 2024-2034 (US$ Billion)
6.6.2 Market Share by Region, 2024 & 2034 (%)
6.7 Agrigenomics & Forensics
6.7.1 Market Size by Region, 2024-2034 (US$ Billion)
6.7.2 Market Share by Region, 2024 & 2034 (%)
6.8 Others
6.8.1 Market Size by Region, 2024-2034 (US$ Billion)
6.8.2 Market Share by Region, 2024 & 2034 (%)
7 Next Generation Sequencing Market Analysis by End-use
7.1 Key Findings
7.2 End-use Segment: Market Attractiveness Index
7.2.1 Next Generation Sequencing Market Size Estimation and Forecast by End-use
7.3 Hospitals and Clinics
7.3.1 Market Size by Region, 2024-2034 (US$ Billion)
7.3.2 Market Share by Region, 2024 & 2034 (%)
7.4 Academic and Research Institutes
7.4.1 Market Size by Region, 2024-2034 (US$ Billion)
7.4.2 Market Share by Region, 2024 & 2034 (%)
7.5 Pharmaceutical and Biotech Companies
7.5.1 Market Size by Region, 2024-2034 (US$ Billion)
7.5.2 Market Share by Region, 2024 & 2034 (%)
7.6 Others
7.6.1 Market Size by Region, 2024-2034 (US$ Billion)
7.6.2 Market Share by Region, 2024 & 2034 (%)
8 Next Generation Sequencing Market Analysis by Region
8.1 Key Findings
8.2 Regional Market Size Estimation and Forecast
9 North America Next Generation Sequencing Market Analysis
9.1 Key Findings
9.2 North America Next Generation Sequencing Market Attractiveness Index
9.3 North America Next Generation Sequencing Market by Country, 2024, 2029 & 2034 (US$ Billion)
9.4 North America Next Generation Sequencing Market Size Estimation and Forecast by Country
9.5 North America Next Generation Sequencing Market Size Estimation and Forecast by Type
9.6 North America Next Generation Sequencing Market Size Estimation and Forecast by Workflow
9.7 North America Next Generation Sequencing Market Size Estimation and Forecast by Application
9.8 North America Next Generation Sequencing Market Size Estimation and Forecast by End-use
9.9 U.S. Next Generation Sequencing Market Analysis
9.10 Canada Next Generation Sequencing Market Analysis
10 Europe Next Generation Sequencing Market Analysis
10.1 Key Findings
10.2 Europe Next Generation Sequencing Market Attractiveness Index
10.3 Europe Next Generation Sequencing Market by Country, 2024, 2029 & 2034 (US$ Billion)
10.4 Europe Next Generation Sequencing Market Size Estimation and Forecast by Country
10.5 Europe Next Generation Sequencing Market Size Estimation and Forecast by Type
10.6 Europe Next Generation Sequencing Market Size Estimation and Forecast by Workflow
10.7 Europe Next Generation Sequencing Market Size Estimation and Forecast by Application
10.8 Europe Next Generation Sequencing Market Size Estimation and Forecast by End-use
10.9 Germany Next Generation Sequencing Market Analysis
10.10 France Next Generation Sequencing Market Analysis
10.11 UK Next Generation Sequencing Market Analysis
10.12 Italy Next Generation Sequencing Market Analysis
10.13 Spain Next Generation Sequencing Market Analysis
10.14 Russia Next Generation Sequencing Market Analysis
10.15 Denmark Next Generation Sequencing Market Analysis
10.16 Sweden Next Generation Sequencing Market Analysis
10.17 Norway Next Generation Sequencing Market Analysis
10.18 Rest of Europe Next Generation Sequencing Market Analysis
11 Asia Pacific Next Generation Sequencing Market Analysis
11.1 Key Findings
11.2 Asia Pacific Next Generation Sequencing Market Attractiveness Index
11.3 Asia Pacific Next Generation Sequencing Market by Country, 2024, 2029 & 2034 (US$ Billion)
11.4 Asia Pacific Next Generation Sequencing Market Size Estimation and Forecast by Country
11.5 Asia Pacific Next Generation Sequencing Market Size Estimation and Forecast by Type
11.6 Asia Pacific Next Generation Sequencing Market Size Estimation and Forecast by Workflow
11.7 Asia Pacific Next Generation Sequencing Market Size Estimation and Forecast by Application
11.8 Asia Pacific Next Generation Sequencing Market Size Estimation and Forecast by End-use
11.9 Japan Next Generation Sequencing Market Analysis
11.10 China Next Generation Sequencing Market Analysis
11.11 India Next Generation Sequencing Market Analysis
11.12 Australia Next Generation Sequencing Market Analysis
11.13 South Korea Next Generation Sequencing Market Analysis
11.14 Singapore Next Generation Sequencing Market Analysis
11.15 Thailand Next Generation Sequencing Market Analysis
11.16 Rest of Asia Pacific Next Generation Sequencing Market Analysis
12 Latin America Next Generation Sequencing Market Analysis
12.1 Key Findings
12.2 Latin America Next Generation Sequencing Market Attractiveness Index
12.3 Latin America Next Generation Sequencing Market by Country, 2024, 2029 & 2034 (US$ Billion)
12.4 Latin America Next Generation Sequencing Market Size Estimation and Forecast by Country
12.5 Latin America Next Generation Sequencing Market Size Estimation and Forecast by Type
12.6 Latin America Next Generation Sequencing Market Size Estimation and Forecast by Workflow
12.7 Latin America Next Generation Sequencing Market Size Estimation and Forecast by Application
12.8 Latin America Next Generation Sequencing Market Size Estimation and Forecast by End-use
12.9 Brazil Next Generation Sequencing Market Analysis
12.10 Mexico Next Generation Sequencing Market Analysis
12.11 Argentina Next Generation Sequencing Market Analysis
12.12 Colombia Next Generation Sequencing Market Analysis
12.13 Rest of Latin America Next Generation Sequencing Market Analysis
13 MEA Next Generation Sequencing Market Analysis
13.1 Key Findings
13.2 MEA Next Generation Sequencing Market Attractiveness Index
13.3 MEA Next Generation Sequencing Market by Country, 2024, 2029 & 2034 (US$ Billion)
13.4 MEA Next Generation Sequencing Market Size Estimation and Forecast by Country
13.5 MEA Next Generation Sequencing Market Size Estimation and Forecast by Type
13.6 MEA Next Generation Sequencing Market Size Estimation and Forecast by Workflow
13.7 MEA Next Generation Sequencing Market Size Estimation and Forecast by Application
13.8 MEA Next Generation Sequencing Market Size Estimation and Forecast by End-use
13.9 GCC Countries Next Generation Sequencing Market Analysis
13.10 South Africa Next Generation Sequencing Market Analysis
13.11 Turkey Next Generation Sequencing Market Analysis
13.12 Rest of MEA Next Generation Sequencing Market Analysis