
Next generation Sequencing Market
Description
Next generation Sequencing Market
Growth Factors of Next-generation Sequencing Market
The next-generation sequencing market size was valued at USD 8.30 billion in 2023, and the market is now projected to grow from USD 9.29 billion in 2024 to USD 27.55 billion by 2032, exhibiting a CAGR of 14.6% during the forecast period of 2023-2030.
The COVID-19 pandemic created significant opportunities on the next-generation sequencing market growth as curbing coronavirus outbreak was prioritized. This technology changed into an effective tool for the analysis, tracking, and genomic studies of the SARS-CoV-2 virus. The pandemic elevated studies and investments in the improvement of vaccines in opposition to the virus.
The next-generation sequencing share globally has been contributed due to the diversified applications of next-generation sequencing. One of the distinguished elements that have contributed to the boom of the marketplace is various and increasing packages of next-technology sequencing in diagnostics. The declining expenses of sequencing have resulted in increasing packages of this technique inside the prognosis of numerous sicknesses.
Furthermore, there’s been a notable trend of increasing number of government-aided genome projects. Sequencing technologies, which include next-generation sequencing, play an important position in disorder analysis. With the emergence of NGS within the past decade, the panorama of disorder analysis and control has pretty modified. Owing to this, governments the world over have started investing an extensive amount in genomic tasks.
Comprehensive Analysis of Next-generation Sequencing Market
The next-generation sequencing market and medical device industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the medical device industry. These segmentations are methodically segregated by types of type, technology, application, and end user. The types include, Products {Instruments & Consumables}, and Services; By technology Sequencing By Synthesis (SBS), Nanopore Sequencing, ION Semiconductor Sequencing, and Others; By Application, Research & Applied and Clinical {Cardiovascular, Oncology, Genetic Diseases, Reproductive Health, and Others}; And by End-User, Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, and Others.
The North American region is conducive to the global next-generation sequencing market, leading to a recall of USD 4.60 billion owing to growing research community. This can be attributed to factors, which include strong cognizance of the research network on genomics, excessive R&D investments, and a strong presence of nicely-installed organizations within the location. In addition, the growing introduction of new merchandise and collaborations and partnerships among players will support the local market’s boom.
The top players in the market play a crucial role in the medical device industry assuring industrial prospectus growth and setting market standards. These players include, Illumina Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), QIAGEN (Germany), PacBio (U.S.), Oxford Nanopore Technologies (U.K.), Perkin Elmer, Inc. (U.S.), and BGI (China) these market players provide a level-playing competitive landscape.
In February 2024, Integrated DNA Technologies (IDT) collaborated with Element Biosciences, Inc. to develop more streamlined NGS workflows.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 14.6% from 2024-2032
Unit Value (USD Billion)
Segmentation By Type
- Products
- Instruments
- Consumables
By Technology
- Sequencing By Synthesis (SBS)
- Nanopore Sequencing
- ION Semiconductor Sequencing
- Others
By Application
- Research & Applied
- Clinical
- Cardiovascular
- Oncology
- Genetic Diseases
- Reproductive Health
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Others
By Region
- North America (By Type, Technology, Application, End-User, and Country)
- U.S.
- Canada
- U.K.
- Germany
- France
- Italy
- Spain
- Scandinavia
- Rest of Europe
- China
- Japan
- India
- Australia
- Southeast Asia
- Rest of the Asia Pacific
- Brazil
- Mexico
- Rest of Latin America
- GCC
- South Africa
- Rest of the Middle East & Africa
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
Table of Contents
202 Pages
- 1. Introduction
- 1.1. Market Scope
- 1.2. Market Segmentation
- 1.3. Market Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Prevalence of Key Diseases, By Key Countries, 2023
- 4.2. Overview: Regulatory Scenario & Reimbursement Scenario, By Key Countries/Region
- 4.3. New Product Launches, By Key Players
- 4.4. Key Industry Developments, By Key Players
- 4.5. Overview: Technological Advancements in Next-generation Sequencing
- 4.6. Impact of COVID-19 on the Market
- 5. Global Next-generation Sequencing Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Market Analysis, Insights and Forecast - By Type
- 5.1.1. Products
- 5.1.1.1. Instruments
- 5.1.1.2. Consumables
- 5.1.2. Services
- 5.2. Market Analysis, Insights and Forecast - By Technology
- 5.2.1. Sequencing By Synthesis (SBS)
- 5.2.2. Nanopore Sequencing
- 5.2.3. ION Semiconductor Sequencing
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast - By Application
- 5.3.1. Research & Applied
- 5.3.2. Clinical
- 5.3.2.1. Cardiovascular
- 5.3.2.2. Oncology
- 5.3.2.3. Genetic Diseases
- 5.3.2.4. Reproductive Health
- 5.4. Market Analysis, Insights and Forecast - By End User
- 5.4.1. Pharmaceutical & Biotechnology Companies
- 5.4.2. Academic & Research Institutes
- 5.4.3. Others
- 5.5. Market Analysis, Insights and Forecast - By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Next-generation Sequencing Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast - By Type
- 6.1.1. Products
- 6.1.1.1. Instruments
- 6.1.1.2. Consumables
- 6.1.2. Services
- 6.2. Market Analysis, Insights and Forecast - By Technology
- 6.2.1. Sequencing By Synthesis (SBS)
- 6.2.2. Nanopore Sequencing
- 6.2.3. ION Semiconductor Sequencing
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast - By Application
- 6.3.1. Research & Applied
- 6.3.2. Clinical
- 6.3.2.1. Cardiovascular
- 6.3.2.2. Oncology
- 6.3.2.3. Genetic Diseases
- 6.3.2.4. Reproductive Health
- 6.4. Market Analysis, Insights and Forecast - By End User
- 6.4.1. Pharmaceutical & Biotechnology Companies
- 6.4.2. Academic & Research Institutes
- 6.4.3. Others
- 6.5. Market Analysis, Insights and Forecast - By Country
- 6.5.1. U.S.
- 6.5.2. Canada
- 7. Europe Next-generation Sequencing Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast - By Type
- 7.1.1. Products
- 7.1.1.1. Instruments
- 7.1.1.2. Consumables
- 7.1.2. Services
- 7.2. Market Analysis, Insights and Forecast - By Technology
- 7.2.1. Sequencing By Synthesis (SBS)
- 7.2.2. Nanopore Sequencing
- 7.2.3. ION Semiconductor Sequencing
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast - By Application
- 7.3.1. Research & Applied
- 7.3.2. Clinical
- 7.3.2.1. Cardiovascular
- 7.3.2.2. Oncology
- 7.3.2.3. Genetic Diseases
- 7.3.2.4. Reproductive Health
- 7.4. Market Analysis, Insights and Forecast - By End User
- 7.4.1. Pharmaceutical & Biotechnology Companies
- 7.4.2. Academic & Research Institutes
- 7.4.3. Others
- 7.5. Market Analysis, Insights and Forecast - By Country/Sub-region
- 7.5.1. U.K
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Spain
- 7.5.5. Italy
- 7.5.6. Scandinavia
- 7.5.7. Rest of Europe
- 8. Asia Pacific Next-generation Sequencing Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast - By Type
- 8.1.1. Products
- 8.1.1.1. Instruments
- 8.1.1.2. Consumables
- 8.1.2. Services
- 8.2. Market Analysis, Insights and Forecast - By Technology
- 8.2.1. Sequencing By Synthesis (SBS)
- 8.2.2. Nanopore Sequencing
- 8.2.3. ION Semiconductor Sequencing
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast - By Application
- 8.3.1. Research & Applied
- 8.3.2. Clinical
- 8.3.2.1. Cardiovascular
- 8.3.2.2. Oncology
- 8.3.2.3. Genetic Diseases
- 8.3.2.4. Reproductive Health
- 8.4. Market Analysis, Insights and Forecast - By End User
- 8.4.1. Pharmaceutical & Biotechnology Companies
- 8.4.2. Academic & Research Institutes
- 8.4.3. Others
- 8.5. Market Analysis, Insights and Forecast - By Country/Sub-region
- 8.5.1. Japan
- 8.5.2. China
- 8.5.3. India
- 8.5.4. Australia
- 8.5.5. Southeast Asia
- 8.5.6. Rest of Asia Pacific
- 9. Latin America Next-generation Sequencing Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast - By Type
- 9.1.1. Products
- 9.1.1.1. Instruments
- 9.1.1.2. Consumables
- 9.1.2. Services
- 9.2. Market Analysis, Insights and Forecast - By Technology
- 9.2.1. Sequencing By Synthesis (SBS)
- 9.2.2. Nanopore Sequencing
- 9.2.3. ION Semiconductor Sequencing
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast - By Application
- 9.3.1. Research & Applied
- 9.3.2. Clinical
- 9.3.2.1. Cardiovascular
- 9.3.2.2. Oncology
- 9.3.2.3. Genetic Diseases
- 9.3.2.4. Reproductive Health
- 9.4. Market Analysis, Insights and Forecast - By End User
- 9.4.1. Pharmaceutical & Biotechnology Companies
- 9.4.2. Academic & Research Institutes
- 9.4.3. Others
- 9.5. Market Analysis, Insights and Forecast - By Country/Sub-region
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Rest of Latin America
- 10. Middle East & Africa Next-generation Sequencing Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Market Analysis, Insights and Forecast - By Type
- 10.1.1. Products
- 10.1.1.1. Instruments
- 10.1.1.2. Consumables
- 10.1.2. Services
- 10.2. Market Analysis, Insights and Forecast - By Technology
- 10.2.1. Sequencing By Synthesis (SBS)
- 10.2.2. Nanopore Sequencing
- 10.2.3. ION Semiconductor Sequencing
- 10.2.4. Others
- 10.3. Market Analysis, Insights and Forecast - By Application
- 10.3.1. Research & Applied
- 10.3.2. Clinical
- 10.3.2.1. Cardiovascular
- 10.3.2.2. Oncology
- 10.3.2.3. Genetic Diseases
- 10.3.2.4. Reproductive Health
- 10.4. Market Analysis, Insights and Forecast - By End User
- 10.4.1. Pharmaceutical & Biotechnology Companies
- 10.4.2. Academic & Research Institutes
- 10.4.3. Others
- 10.5. Market Analysis, Insights and Forecast - By Country/Sub-region
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis (2023)
- 11.2. Company Profiles
- 11.2.1. Illumina Inc.
- 11.2.1.1. Overview
- 11.2.1.2. Products & services
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Strategies
- 11.2.1.6. Financials (Based on Availability)
- 11.2.2. Thermo Fisher Scientific Inc.
- 11.2.2.1. Overview
- 11.2.2.2. Products & services
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Strategies
- 11.2.2.6. Financials (Based on Availability)
- 11.2.3. F. Hoffmann-La Roche Ltd.
- 11.2.3.1. Overview
- 11.2.3.2. Products & services
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Strategies
- 11.2.3.6. Financials (Based on Availability)
- 11.2.4. QIAGEN
- 11.2.4.1. Overview
- 11.2.4.2. Products & services
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Strategies
- 11.2.4.6. Financials (Based on Availability)
- 11.2.5. PacBio
- 11.2.5.1. Overview
- 11.2.5.2. Products & services
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Strategies
- 11.2.5.6. Financials (Based on Availability)
- 11.2.6. Oxford Nanopore Technologies
- 11.2.6.1. Overview
- 11.2.6.2. Products & services
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Strategies
- 11.2.6.6. Financials (Based on Availability)
- 11.2.7. Perkin Elmer, Inc.
- 11.2.7.1. Overview
- 11.2.7.2. Products & services
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Strategies
- 11.2.7.6. Financials (Based on Availability)
- 11.2.8. BGI
- 11.2.8.1. Overview
- 11.2.8.2. Products & services
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Strategies
- 11.2.8.6. Financials (Based on Availability)
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.