Next Generation Sequencing Market Size, Share, and Growth Analysis

Global Next Generation Sequencing Market

Next Generation Sequencing Market By Technology (WGS, Whole Exome Sequencing, Targeted Sequencing & Resequencing, and Others), By Product (Platform and Consumables), By End-Use (Academic Research, Clinical Research, Hospitals & Clinics, Pharma & Biotech Entities, and Other Users), By Region -Industry Forecast 2025-2032


Report ID: SQMIG35D2331 | Region: Global | Published Date: July, 2025
Pages: 157 |Tables: 91 |Figures: 71

Format - word format excel data power point presentation

Next Generation Sequencing Market Insights

Global Next Generation Sequencing Market size was valued at USD 11.7 Billion in 2023 poised to grow between USD 13.37 Billion in 2024 to USD 38.96 Billion by 2032, growing at a CAGR of 14.3% in the forecast period (2025-2032).

The global rise in genomic research, particularly in fields such as oncology, rare diseases, and infectious diseases, is a major driver of the next generation sequencing market. Researchers are increasingly relying on next generation sequencing to analyze large volumes of genetic data quickly and accurately. This demand is fueled by the need to understand genetic variations, identify disease markers, and develop targeted therapies. next generation sequencing enables high-throughput sequencing, allowing simultaneous analysis of multiple genes, which dramatically accelerates the pace of discovery. As a result, academic institutions, biotech firms, and pharmaceutical companies are investing heavily in next generation sequencing platforms, propelling market growth.

The steady reduction in sequencing costs over the past decade has been a key trend driving the global next generation sequencing sector. Initially a prohibitively expensive process, whole genome sequencing can now be performed at a fraction of its earlier cost due to technological innovation and competition. This affordability has made next generation sequencing viable for clinical diagnostics, population genomics, and precision medicine. As a result, healthcare providers and research organizations in both developed and emerging economies are integrating next generation sequencing into routine workflows. The cost-effectiveness is not only democratizing access but also encouraging large-scale initiatives like national genome mapping projects, thereby fuelling market expansion.

How does AI Reduce Error Rates and Analysis Time in Next Generation Sequencing Workflows?

Artificial Intelligence (AI) is significantly transforming the next generation sequencing landscape by streamlining the interpretation of complex genomic data. Next generation sequencing generates vast datasets that require advanced analytics to extract clinically relevant insights. AI algorithms, particularly in machine learning and deep learning, automate variant calling, gene annotation, and pattern recognition, reducing analysis time and error rates. This has made sequencing faster, more accurate, and accessible for clinical applications like oncology and rare disease diagnosis. A key development is DeepMind’s AlphaGenome (2025), which uses AI to decode non-coding DNA regions, enhancing understanding of gene regulation and further expanding next generation sequencing’s utility in personalized medicine.

In July 2024, NVIDIA upgraded its GPU-accelerated genomics suite, Parabricks (version 4.3.1), adding support for the Grace Hopper Superchip. By harnessing this advanced AI-optimized hardware, Parabricks slashes whole-genome sequencing analysis time dramatically transforming multi-day workflows into hours. This speed boost not only accelerates clinical and research applications but also reduces costs, directly enhancing the next generation sequencing scalability and adoption worldwide.

Market snapshot - 2025-2032

Global Market Size

USD 11.7 Billion

Largest Segment

Targeted Sequencing & Resequencing

Fastest Growth

WGS

Growth Rate

14.3% CAGR

Global Next Generation Sequencing Market ($ Bn)
Country Share by North America (%)

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Next Generation Sequencing Market Segments Analysis

The global next generation sequencing market is segmented based on technology, product, end-use, and region. In terms of technology, the market is segmented into WGS, whole exome sequencing, targeted sequencing & resequencing, and others. Based on product, the market is divided into platform and consumables. Based on end-use, the market is segmented into academic research, clinical research, hospitals & clinics, pharma & biotech entities, and other users. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.

Which Clinical Fields Benefit from Targeted Sequencing Techniques?

Based on the global next generation sequencing market forecast, targeted sequencing and resequencing technologies are at the forefront of the industry due to their precision, cost-efficiency, and clinical relevance. By focusing on specific genes or genomic regions, these methods reduce data complexity and enable faster, more actionable insights—especially in oncology, inherited diseases, and pharmacogenomics. Their ability to deliver high coverage and accuracy at lower costs makes them the dominant choice for diagnostic and clinical applications.

Whole genome sequencing is poised to be the fastest-growing technology in the global next generation sequencing market due to its comprehensive genomic coverage, declining costs, and expanding clinical utility. WGS enables complete variant detection, supporting breakthroughs in personalized medicine, rare disease diagnosis, and population genomics, thereby accelerating its global adoption across research and healthcare sectors.

Why do Targeted Sequencing Consumables Support a Diverse Range of Applications?

Targeted sequencing consumables are leading the global next generation sequencing market thanks to their pivotal role in sample prep and workflow optimization. These include pre‑optimized kits and reagents—like library prep, target enrichment, and purification kits—that labs continuously consume. Innovations such as microfluidic‑based, pre‑spotted reagent cards and automation-compatible consumables boost efficiency, reduce errors, and ensure data quality. Because consumables are indispensable for every run, they generate ongoing revenue and support diverse applications—making them dominant in the next generation sequencing product ecosystem.

Platform products are expected to be the fastest growing segment in the global next generation sequencing market due to continuous technological advancements, higher throughput capabilities, and integration of AI-powered analytics. Their ability to support diverse sequencing applications on a single system is driving increased adoption across clinical and research settings.

Global Next Generation Sequencing Market By Technology (%)

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Next Generation Sequencing Market Regional Insights

Why is Early Adoption of Genomic Technologies Significant for North America?

As per the global next generation sequencing market analysis, North America dominates the industry, driven by strong healthcare infrastructure, robust R&D investments, and early adoption of advanced genomic technologies. The presence of key market players, increasing demand for personalized medicine, and favorable regulatory support fuel regional growth. Additionally, widespread use of next generation sequencing in oncology, rare disease diagnostics, and academic research continues to reinforce North America’s leadership in the global next generation sequencing landscape.

US Next Generation Sequencing Market

The United States is the largest contributor to North America’s next generation sequencing market, driven by significant investments in genomic research, strong federal funding through agencies like the NIH, and the presence of major next generation sequencing companies. Clinical adoption is high due to advanced healthcare infrastructure and precision medicine initiatives. Next generation sequencing is widely applied in oncology, genetic disease diagnosis, and drug development, positioning the U.S. as a global leader in sequencing innovation.

Canada Next Generation Sequencing Market

Canada plays a growing role in North America’s next generation sequencing market, supported by government initiatives like Genome Canada and strong academic research centers. The country emphasizes next generation sequencing in public health, rare disease identification, and oncology diagnostics. Increasing partnerships between healthcare institutions and biotech firms, alongside rising adoption of genomic medicine, are enhancing Canada’s market presence and contributing to regional advancements in sequencing technologies and personalized healthcare solutions.

Which Sectors are Adopting Next Generation Sequencing more Rapidly in Asia Pacific?

The Asia Pacific region is witnessing rapid growth in the global next generation sequencing market, driven by increasing healthcare investments, rising awareness of genomic medicine, and expanding research initiatives. Countries like China, Japan, and India are leading advancements through national genomics programs and precision medicine efforts. Growing partnerships between local biotech firms and global players, along with supportive government policies, are accelerating next generation sequencing adoption across clinical and academic sectors.

Japan Next Generation Sequencing Market

Japan is a major contributor to the Asia Pacific next generation sequencing market, driven by strong government support, advanced healthcare infrastructure, and leading-edge research. The country emphasizes next generation sequencing in oncology, rare disease diagnostics, and prenatal screening. Technological innovations such as microfluidic automation and partnerships between academic institutions and global biotech firms strengthen its position. Japan’s national precision medicine strategies and early adoption of clinical genomics continue to accelerate its role in global next generation sequencing advancements.

South Korea Next Generation Sequencing Market

South Korea is rapidly expanding its presence in the Asia Pacific next generation sequencing market through strong government-backed genomic initiatives and the growth of key players like Macrogen. The country invests in clinical genomics, cancer screening, and personalized medicine. Robust infrastructure, high data analysis capabilities, and a thriving biotech sector support widespread adoption. With ongoing R&D efforts and strategic collaborations, South Korea is becoming a vital contributor to Asia-Pacific and global sequencing innovation.

What are the Key Drivers Behind Europe’s Strong Position in the Next Generation Sequencing Market?

Europe holds a significant share in the global next generation sequencing market, fueled by strong government support, rising genomics research funding, and expanding use of next generation sequencing in clinical diagnostics. Countries like the UK, Germany, and France lead advancements in precision medicine and cancer genomics. Collaborative projects such as the 1+ Million Genomes Initiative are accelerating next generation sequencing adoption, positioning Europe as a key hub for innovation and population-scale sequencing efforts.

Germany Next Generation Sequencing Market

Germany is a leading contributor to the Europe next generation sequencing market, driven by its strong biotechnology sector, government funding, and academic research institutions. The country emphasizes next generation sequencing applications in oncology, rare diseases, and infectious disease surveillance. Major companies like Qiagen and Roche operate extensively in Germany, boosting innovation. With a well-developed healthcare infrastructure and a focus on precision medicine, Germany is a central hub for clinical and research-based next generation sequencing advancements in Europe.

France Next Generation Sequencing Market

France plays a significant role in the Europe next generation sequencing market through national initiatives like the Genomic Medicine Plan 2025, which integrates next generation sequencing into routine clinical care. The country has advanced public genomics infrastructure, supported by institutions like Inserm and Genoscope. France prioritizes next generation sequencing in cancer and rare disease diagnostics, contributing to market growth with robust investments in consumables and sequencing platforms, making it a rising leader in European genomics research and healthcare innovation.

Italy Next Generation Sequencing Market

Italy is rapidly emerging in the Europe next generation sequencing market, supported by increased government funding, academic research, and public health initiatives. Italian institutions are leveraging next generation sequencing in oncology, infectious disease research, and genetic disorder diagnostics. With growing investments in targeted sequencing and collaborations between universities and biotech firms, Italy is expanding its role in Europe’s genomic landscape and contributing steadily to the global adoption of next-generation sequencing technologies.

Global Next Generation Sequencing Market By Geography
  • Largest
  • Fastest

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Next Generation Sequencing Market Dynamics

Next Generation Sequencing Market Drivers

Rising Demand for Precision Medicine

  • The emphasis on precision medicine is driving the global next generation sequencing market growth. By enabling comprehensive genetic profiling, next generation sequencing supports personalized treatment plans based on individual genomic variations. This is particularly impactful in oncology, where tailored therapies are improving outcomes. Governments and healthcare providers increasingly adopt next generation sequencing to enhance diagnostic accuracy and therapeutic effectiveness.

Growing Applications in Clinical Diagnostics

  • Next generation sequencing is increasingly used in clinical diagnostics for detecting genetic disorders, cancer mutations, and infectious diseases. Its ability to deliver precise and early diagnostic insights enhances treatment planning. As clinical guidelines evolve to incorporate genomic testing, next generation sequencing adoption in hospitals and diagnostic laboratories continues to expand, fuelling market growth.

Next Generation Sequencing Market Restraints

Data Interpretation and Management Challenges

  • Next generation sequencing generates massive volumes of complex data that require advanced bioinformatics tools and skilled personnel for analysis and interpretation. Many organizations face difficulties in managing, storing, and securing genomic data. This challenge, coupled with a shortage of trained professionals, hinders the full-scale integration of next generation sequencing into clinical and research environments.

Lack of Standardization in Next Generation Sequencing Workflows

  • The absence of uniform protocols and standards across next generation sequencing platforms and laboratories complicates result reproducibility and cross-platform comparison. This variability affects diagnostic reliability and limits clinical integration. Efforts to harmonize sample preparation, sequencing, and data interpretation processes are ongoing, but the lack of standardization remains a constraint on widespread clinical use.

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Next Generation Sequencing Market Competitive Landscape

The global next generation sequencing market outlook is highly competitive, with key players including Illumina, Thermo Fisher Scientific, BGI Genomics, and Oxford Nanopore Technologies. Illumina focuses on expanding its sequencing platforms and acquiring bioinformatics firms. Thermo Fisher leverages strategic collaborations to enhance clinical applications. BGI Genomics emphasizes affordable sequencing services globally, while Oxford Nanopore advances portable, real-time sequencing technologies. Continuous innovation, partnerships, and geographic expansion are core strategies shaping the competitive landscape.

As per the global next generation sequencing industry analysis, the startup landscape is flourishing, with new companies focusing on AI-driven analytics, rapid diagnostics, and portable sequencing technologies. These startups often fill gaps left by larger firms, offering agile solutions for clinical and research challenges. Backed by venture capital and public health demand, they are accelerating innovation in sample preparation, bioinformatics, and sequencing efficiency, contributing significantly to the expansion and diversification of the global next generation sequencing ecosystem.

  • Founded in 2022, Portal Biotech develops advanced biosensing technologies using AI-enhanced single-molecule protein sequencing. Its flagship portable device enables rapid detection of unknown pathogens, supporting field diagnostics in biosecurity and healthcare. Backed by NATO’s $35 million investment, Portal's innovation allows decentralized, high-accuracy pathogen surveillance. This capability transforms pandemic preparedness, and its expansion into targeted therapeutics and biodefense R&D reflects the startup’s disruptive potential in the precision medicine and global health security sectors.
  • Founded in 2024, MiLaboratories, based in Bilbao, introduced Platforma.bio, a no-code analysis platform empowering life scientists to interpret complex next generation sequencing datasets without bioinformatics expertise. It automates genomic workflows, enabling faster insights in diagnostics, therapeutics, and vaccine development. With $10 million in Series A funding, MiLaboratories plans global expansion. Its core innovation—democratizing next generation sequencing data interpretation—bridges skill gaps in genomics research and accelerates project timelines in both academic institutions and biotech companies.

Top Player’s Company Profiles

  • Illumina Inc. (USA)
  • Thermo Fisher Scientific Inc. (USA)
  • F. Hoffmann-La Roche Ltd. (Switzerland)
  • BGI Genomics Co., Ltd. (China)
  • Oxford Nanopore Technologies plc (United Kingdom)
  • Agilent Technologies Inc. (USA)
  • Pacific Biosciences of California, Inc. (USA)
  • QIAGEN N.V. (Netherlands/Germany)
  • GenapSys Inc. (USA)
  • Eurofins Scientific SE (Luxembourg)
  • Macrogen Inc. (South Korea)
  • Genotypic Technology Pvt. Ltd. (India)
  • Strand Life Sciences Pvt. Ltd. (India)
  • Nabsys Inc. (USA)
  • Takara Bio Inc. (Japan)

Recent Developments in Next Generation Sequencing Market

  • In October 2024, Illumina introduced the MiSeq i100 and i100x benchtop sequencers, designed for affordability and ease of use. Priced at $49K and $109K, they feature ambient-temperature reagents, four-hour workflows, and built-in software with 18 on-instrument apps. These compact systems aim to make high-quality sequencing more accessible to smaller research labs and clinical diagnostics worldwide.
  • In February 2025, Roche announced its Sequencing-by-Expansion (SBX) chemistry, revolutionizing single-molecule nanopore sequencing. SBX converts DNA into Xpandomer polymers, enabling high-precision reads through CMOS-based nanopore technology. The innovation significantly improves structural variant detection and long-read accuracy, positioning Roche to compete in the advanced sequencing segment for complex genomic and clinical applications.
  • In March 2025, Clear Labs launched ClearDx Microbial ID tNGS, an advanced automated assay for rapid identification of bacteria and fungi from sterile specimens. This targeted next generation sequencing solution delivers faster and cost-effective microbial profiling, supporting clinical decision-making and antimicrobial stewardship. It enhances infectious disease diagnostics, particularly in hospital labs requiring high-throughput, accurate microbial detection.

Next Generation Sequencing Key Market Trends

Next Generation Sequencing Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global next generation sequencing industry is experiencing accelerated growth, driven by increasing demand for precision medicine, advances in sequencing technologies, and the integration of AI into genomic data analysis. Falling costs have made next generation sequencing more accessible, enabling its expansion across clinical diagnostics, population health, and research sectors.

Targeted sequencing remains dominant due to its efficiency and clinical relevance, while whole genome sequencing is rapidly gaining traction. Regional leaders like North America, Asia-Pacific, and Europe continue to invest heavily in infrastructure, research, and policy support. With rising competition, continuous innovation, and expanding clinical applications, the global next generation sequencing market strategies is set to transform healthcare by enabling faster, more accurate, and personalized medical solutions on a global scale.

Report Metric Details
Market size value in 2023 USD 11.7 Billion
Market size value in 2032 USD 38.96 Billion
Growth Rate 14.3%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Technology
    • WGS
    • Whole Exome Sequencing
    • Targeted Sequencing & Resequencing
    • Others
  • Product
    • Platform and Consumables
  • End-Use
    • Academic Research
    • Clinical Research
    • Hospitals & Clinics
    • Pharma & Biotech Entities
    • Other Users
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Illumina Inc. (USA)
  • Thermo Fisher Scientific Inc. (USA)
  • F. Hoffmann-La Roche Ltd. (Switzerland)
  • BGI Genomics Co., Ltd. (China)
  • Oxford Nanopore Technologies plc (United Kingdom)
  • Agilent Technologies Inc. (USA)
  • Pacific Biosciences of California, Inc. (USA)
  • QIAGEN N.V. (Netherlands/Germany)
  • GenapSys Inc. (USA)
  • Eurofins Scientific SE (Luxembourg)
  • Macrogen Inc. (South Korea)
  • Genotypic Technology Pvt. Ltd. (India)
  • Strand Life Sciences Pvt. Ltd. (India)
  • Nabsys Inc. (USA)
  • Takara Bio Inc. (Japan)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Next Generation Sequencing Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Next Generation Sequencing Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Next Generation Sequencing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Next Generation Sequencing Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Next Generation Sequencing Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

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FAQs

Global Next Generation Sequencing Market size was valued at USD 11.7 Billion in 2023 poised to grow between USD 13.37 Billion in 2024 to USD 38.96 Billion by 2032, growing at a CAGR of 14.3% in the forecast period (2025-2032).

The global next generation sequencing market outlook is highly competitive, with key players including Illumina, Thermo Fisher Scientific, BGI Genomics, and Oxford Nanopore Technologies. Illumina focuses on expanding its sequencing platforms and acquiring bioinformatics firms. Thermo Fisher leverages strategic collaborations to enhance clinical applications. BGI Genomics emphasizes affordable sequencing services globally, while Oxford Nanopore advances portable, real-time sequencing technologies. Continuous innovation, partnerships, and geographic expansion are core strategies shaping the competitive landscape.'Illumina Inc. (USA)', 'Thermo Fisher Scientific Inc. (USA)', 'F. Hoffmann-La Roche Ltd. (Switzerland)', 'BGI Genomics Co., Ltd. (China)', 'Oxford Nanopore Technologies plc (United Kingdom)', 'Agilent Technologies Inc. (USA)', 'Pacific Biosciences of California, Inc. (USA)', 'QIAGEN N.V. (Netherlands/Germany)', 'GenapSys Inc. (USA)', 'Eurofins Scientific SE (Luxembourg)', 'Macrogen Inc. (South Korea)', 'Genotypic Technology Pvt. Ltd. (India)', 'Strand Life Sciences Pvt. Ltd. (India)', 'Nabsys Inc. (USA)', 'Takara Bio Inc. (Japan)'

The emphasis on precision medicine is driving the global next generation sequencing market growth. By enabling comprehensive genetic profiling, next generation sequencing supports personalized treatment plans based on individual genomic variations. This is particularly impactful in oncology, where tailored therapies are improving outcomes. Governments and healthcare providers increasingly adopt next generation sequencing to enhance diagnostic accuracy and therapeutic effectiveness.

Integration of AI in Next Generation Sequencing Data Analysis: Artificial intelligence is transforming next generation sequencing by automating complex data analysis tasks like variant calling, gene annotation, and sequence alignment. This significantly reduces turnaround time, minimizes human error, and enhances diagnostic precision. AI-powered platforms are driving efficiency, enabling large-scale clinical adoption, and accelerating personalized medicine and genomic research globally.

Why is Early Adoption of Genomic Technologies Significant for North America?

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