Next Generation Sequencing Market by Technology, Product, End-users, and Geography - Global Forecast and Analysis 2019-2023

Next Generation Sequencing Market by Technology, Product, End-users, and Geography - Global Forecast and Analysis 2019-2023

Global Next Generation Sequencing Market: About this market

Technavio’s next generation sequencing market analysis considers sales from both consumables and equipment products. Our analysis also considers the sales of next generation sequencing in Asia, Europe, North America, and ROW. In 2018, the consumables segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as technological advances, and repetitive purchase of a broad range of NGS consumables such as test kits, assays, buffers, and reagents will play a significant role in the consumables segment to maintain its market position. Also, our global next generation sequencing market report looks at factors such as increased utilization of NGS methods, G rowing demand for early diagnosis of genetic disorders, availability of wide range of NGS products. However, lack of clinical validation on direct-to-consumer genetic tests, limited reimbursement policies, and challenges in implementing NGS workflow may hamper the growth of the next generation sequencing industry over the forecast period.

Global Next Generation Sequencing Market: Overview

Growing demand for early diagnosis of genetic disorders

The need to prevent physical disabilities and health conditions in newborns is increasing the demand for early diagnosis among expecting parents. Pre-implantation diagnostic tests facilitates the determination of genetic disorders, such as cystic fibrosis, congenital hearing loss, and thalassemia. Thus, parents are increasingly opting for preimplantation testing, which increases the adoption of NGS techniques. Sequencing technology allows for a simple PGS workflow with flexible sample throughput for consistent and quick aneuploidy detection. Thus, the growing demand for early diagnosis of genetic disorders will drive the growth of the next generation sequencing market at a CAGR of over 19% during the forecast period.

Reduced costs of gene sequencing

Advances in high-throughput genetic testing procedures, biochip, and new generation sequencing (NGS) techniques have reduced the costs of gene sequencing significantly. This has led the vendors to offer low-cost services and overcome cost-related challenges . The adoption of next generation sequencing and fluorescence-based dully automated sequencing technologies have also reduced the cost of sequencing and improved the accuracy in gene sequencing. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global next generation sequencing market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global next generation sequencing market is moderately fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading next generation sequencing manufacturers, that include Bio-Rad Laboratories Inc., Eurofins GSC Lux Sarl, F. Hoffmann-La Roche Ltd., Illumina Inc., Invitae Corp., Laboratory Corp. of America Holdings, Merck KGaA, PerkinElmer Inc., QIAGEN Group, Thermo Fisher Scientific Inc.

Also, the next generation sequencing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendor offering overview
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global healthcare market
      • Table Segments of global healthcare market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by technology
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Consumbles - Market size and forecast 2018-2023
      • Table Consumbles - Market size and forecast 2018-2023 ($ millions)
      • Table Consumbles - Year-over-year growth 2019-2023 (%)
    • Equipment - Market size and forecast 2018-2023
      • Table Equipment - Market size and forecast 2018-2023 ($ millions)
      • Table Equipment - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Table Market share by end-user 2018 (%)
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • Asia - Market size and forecast 2018-2023
      • Table Asia - Market size and forecast 2018-2023 ($ millions)
      • Table Asia - Year-over-year growth 2019-2023 (%)
    • ROW - Market size and forecast 2018-2023
      • Table ROW - Market size and forecast 2018-2023 ($ millions)
      • Table ROW - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Advances in NGS techniques
    • Reduced costs of gene sequencing
    • Developments in the field of bioinformatics and cloud-based software programs
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bio-Rad Laboratories Inc.
      • Table Bio-Rad Laboratories Inc. - Vendor overview
      • Table Bio-Rad Laboratories Inc. - Business segments
      • Table Bio-Rad Laboratories Inc. - Organizational developments
      • Table Bio-Rad Laboratories Inc. - Geographic focus
      • Table Bio-Rad Laboratories Inc. - Segment focus
      • Table Bio-Rad Laboratories Inc. - Key offerings
    • Eurofins GSC Lux Sarl
      • Table Eurofins GSC Lux Sarl - Vendor overview
      • Table Eurofins GSC Lux Sarl - Business segments
      • Table Eurofins GSC Lux Sarl - Organizational developments
      • Table Eurofins GSC Lux Sarl - Geographic focus
      • Table Eurofins GSC Lux Sarl - Segment focus
      • Table Eurofins GSC Lux Sarl - Key offerings
    • F. Hoffmann-La Roche Ltd.
      • Table F. Hoffmann-La Roche Ltd. - Vendor overview
      • Table F. Hoffmann-La Roche Ltd. - Business segments
      • Table F. Hoffmann-La Roche Ltd. - Organizational developments
      • Table F. Hoffmann-La Roche Ltd. - Geographic focus
      • Table F. Hoffmann-La Roche Ltd. - Segment focus
      • Table F. Hoffmann-La Roche Ltd. - Key offerings
    • Illumina Inc.
      • Table Illumina Inc. - Vendor overview
      • Table Illumina Inc. - Business segments
      • Table Illumina Inc. - Organizational developments
      • Table Illumina Inc. - Geographic focus
      • Table Illumina Inc. - Segment focus
      • Table Illumina Inc. - Key offerings
    • Invitae Corp.
      • Table Invitae Corp. - Vendor overview
      • Table Invitae Corp. - Business segments
      • Table Invitae Corp. - Organizational developments
      • Table Invitae Corp. - Geographic focus
      • Table Invitae Corp. - Key offerings
    • Laboratory Corp. of America Holdings
      • Table Laboratory Corp. of America Holdings - Vendor overview
      • Table Laboratory Corp. of America Holdings - Business segments
      • Table Laboratory Corp. of America Holdings - Organizational developments
      • Table Laboratory Corp. of America Holdings - Geographic focus
      • Table Laboratory Corp. of America Holdings - Segment focus
      • Table Laboratory Corp. of America Holdings - Key offerings
    • Merck KGaA
      • Table Merck KGaA - Vendor overview
      • Table Merck KGaA - Business segments
      • Table Merck KGaA - Organizational developments
      • Table Merck KGaA - Geographic focus
      • Table Merck KGaA - Segment focus
      • Table Merck KGaA - Key offerings
    • PerkinElmer Inc.
      • Table PerkinElmer Inc. - Vendor overview
      • Table PerkinElmer Inc. - Business segments
      • Table PerkinElmer Inc. - Organizational developments
      • Table PerkinElmer Inc. - Geographic focus
      • Table PerkinElmer Inc. - Segment focus
      • Table PerkinElmer Inc. - Key offerings
    • QIAGEN Group
      • Table QIAGEN Group - Vendor overview
      • Table QIAGEN Group - Product segments
      • Table QIAGEN Group - Organizational developments
      • Table QIAGEN Group - Geographic focus
      • Table QIAGEN Group - Segment focus
      • Table QIAGEN Group - Key offerings
    • Thermo Fisher Scientific Inc.
      • Table Thermo Fisher Scientific Inc. - Vendor overview
      • Table Thermo Fisher Scientific Inc. - Business segments
      • Table Thermo Fisher Scientific Inc. - Organizational developments
      • Table Thermo Fisher Scientific Inc. - Geographic focus
      • Table Thermo Fisher Scientific Inc. - Segment focus
      • Table Thermo Fisher Scientific Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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