Next-Generation Sequencing Services Market Size, Share, Growth Analysis, By Type, By Technology, By Workflow, By End Use, By Application, By Region - Industry Forecast 2025-2032
Global Next-Generation Sequencing Services Market size was valued at USD 8.4 billion in 2023 and is poised to grow from USD 10.28 billion in 2024 to USD 51.80 billion by 2032, growing at a CAGR of 22.4% during the forecast period (2025-2032).
Next-generation sequencing (NGS), also known as massively parallel sequencing, revolutionizes fields such as biotechnology, medical diagnostics, and virology by enabling rapid and high-throughput DNA sequencing. This technology significantly reduces the time required to sequence a complete human genome compared to traditional Sanger methods, enhancing clinical and applied research. NGS facilitates crucial DNA pre-sequencing steps, enabling streamlined sample preparation and analysis. Its growing application in clinical laboratories allows for quicker illness diagnosis and more efficient drug discovery in pharmacogenomics. By identifying biomarkers for early detection and enabling personalized treatment strategies, NGS catalyzes the shift towards precision medicine, demonstrating its transformative impact on molecular biology and genetics despite being relatively new to the market.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Next-Generation Sequencing Services market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Next-Generation Sequencing Services Market Segmental Analysis
Global Next-Generation Sequencing Services Market is segmented by type, technology, workflow, end use, application and region. Based on type, the market is segmented into human genome sequencing, single cell sequencing, microbial genome-based sequencing, gene regulation services, animal & plant sequencing and other sequencing services. Based on technology, the market is segmented into sequencing by synthesis, ion semiconductor sequencing, nanopore sequencing, single-molecule real-time sequencing and other technologies. Based on workflow, the market is segmented into pre-sequencing, sequencing and data analysis. Based on end use, the market is segmented into universities & other research entities, hospitals & clinics, pharma & biotech entities and others. Based on application, the market is segmented into diagnostics, oncology, reproductive health, infectious diseases, rare genetic disorders, others, drug discovery, biomarker discovery, microbial genetics, agriculture, and animal research and other applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Next-Generation Sequencing Services Market
The global Next-Generation Sequencing (NGS) services market is experiencing significant growth, primarily driven by advancements in clinical diagnostics across various fields, including forensics, reproductive health, and personalized medicine. NGS has emerged as the industry benchmark in clinical laboratories for diagnosing genetic disorders due to its analytical precision, high throughput capabilities, and cost-effectiveness. As the technology becomes more affordable, NGS is increasingly accessible, facilitating the diagnosis and treatment of rare diseases through genomic approaches. Additionally, the expansion of library preparation options and the growing pool of trained personnel are further propelling market growth, while ongoing improvements in sequencing technologies pave the way for novel therapies targeting Mendelian disorders and cancer.
Restraints in the Global Next-Generation Sequencing Services Market
The Global Next-Generation Sequencing (NGS) Services market faces several restraints, primarily stemming from legal and ethical challenges associated with DNA sequencing. These concerns encompass issues such as identifiability, the release of research findings, potential stereotyping, the adequacy of consent, stigma, inclusion, and unequal benefits among different groups. Such ethical considerations significantly hinder market growth. Additionally, the challenges of establishing in-house high-throughput devices and interpreting the complex data generated by NGS platforms are critical factors that are anticipated to further impede market expansion in the upcoming years, creating a cautious atmosphere among stakeholders in the industry.
Market Trends of the Global Next-Generation Sequencing Services Market
The Global Next-Generation Sequencing (NGS) Services market is witnessing a significant shift towards advanced technologies such as third-generation sequencing, which bypass traditional clonal amplification and polymerase chain reaction (PCR) methodologies. Innovations in single-molecule sequencing and real-time sequencing offer advantages, including longer read lengths and simplified preparatory processes, which reduce the risk of PCR-related errors. Platforms like Single-Molecule Real-Time (SMRT) sequencing and the FRET Sequencing platform are gaining traction due to their high accuracy and efficiency, propelling the market forward. The growing demand for precision medicine, genomics research, and personalized healthcare is further driving the adoption of these next-gen solutions, positioning NGS services as a pivotal market trend.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Global Next-Generation Sequencing Services Market Size by Type & CAGR (2025-2032)
Market Overview
Human Genome Sequencing
Single Cell Sequencing
Microbial Genome-Based Sequencing
Gene Regulation Services
Small RNA Sequencing
Chip Sequencing
Other Gene Regulation-Based Services
Animal & Plant Sequencing
Other Sequencing Services
Global Next-Generation Sequencing Services Market Size by Technology & CAGR (2025-2032)
Market Overview
Sequencing By Synthesis
Ion Semiconductor Sequencing
Nanopore Sequencing
Single-Molecule Real-Time Sequencing
Other Technologies
Global Next-Generation Sequencing Services Market Size by Workflow & CAGR (2025-2032)
Market Overview
Pre-Sequencing
Sequencing
Data Analysis
Global Next-Generation Sequencing Services Market Size by End Use & CAGR (2025-2032)
Market Overview
Universities & Other Research Entities
Hospitals & Clinics
Pharma & Biotech Entities
Others
Global Next-Generation Sequencing Services Market Size by Application & CAGR (2025-2032)
Market Overview
Diagnostics
Oncology
Reproductive Health
Infectious Diseases
Rare Genetic Disorders
Others
Drug Discovery
Biomarker Discovery
Microbial Genetics, Agriculture, And Animal Research
Other Applications
Global Next-Generation Sequencing Services Market Size & CAGR (2025-2032)
North America (Type, Technology, Workflow, End Use, Application)
US
Canada
Europe (Type, Technology, Workflow, End Use, Application)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Type, Technology, Workflow, End Use, Application)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Type, Technology, Workflow, End Use, Application)
Brazil
Rest of Latin America
Middle East & Africa (Type, Technology, Workflow, End Use, Application)