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Next Generation Sequencing Market Growth and Devel
Next Generation Sequencing Market Growth and Devel
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Sakshi More
3 posts
Apr 11, 2025
6:30 AM
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The next generation global sequencing (NGS) market, valued at USD 7.7 billion in 2024, is projected to reach USD 46.5 billion by 2035, growing at a CAGR of 18.4% during the forecast period. The rapid advancement of high-throughput sequencing technologies, combined with decreasing costs and expanding clinical applications, is driving significant momentum across the market.
Roots Analysis’s newly released report, "Next Generation Sequencing NGS Market," provides a comprehensive analysis of the historical evolution, emerging trends, and future opportunities shaping the NGS industry. The next generation sequencing market is being transformed by breakthroughs in genomics, oncology, personalized medicine, and infectious disease diagnostics.
The study highlights major factors accelerating market growth, including the rising adoption of NGS-based diagnostic tools, increasing demand for precision medicine, and growing R&D funding for genomics research. It also outlines potential challenges, such as data interpretation complexities and regulatory hurdles, that companies must address to sustain long-term growth.
Competitive Landscape
Several leading players are shaping innovation within the next generation sequencing NGS market. Notable companies include Admera Health, Applied Biological Materials, BGI Genomics, CD Genomics, DNA Link, Eurofins Genomics, Gene by Gene, GENEWIZ, MedGenome, Novogene, Psomagen, Veritas, and Xcelris Labs.
These organizations are developing cutting-edge sequencing solutions across clinical diagnostics, reproductive health, oncology, and research applications. Strategic collaborations, technology licensing, and regional expansions are key strategies fueling competitive intensity in the market.
Market Segmentation
The next generation sequencing NGS market is segmented across multiple dimensions to reflect the diverse growth drivers:
By Component:
Includes consumables, instruments, and services, each playing a critical role in enabling end-to-end NGS workflows.
By NGS Technique:
Covers targeted sequencing, whole genome sequencing (WGS) / whole exome sequencing (WES), RNA sequencing, and other emerging methods.
By Technology Used:
Technologies include sequencing by synthesis, ion semiconductor sequencing, nanopore sequencing, and other innovative platforms.
By Application Area:
Divided into clinical applications and research/applied applications, driving usage across diagnostic and academic settings.
By Therapeutic Area:
Major focus areas include oncological disorders, genetic disorders, reproductive disorders, and other specialty fields.
By Purpose:
Encompasses diagnosis, risk assessment, presymptomatic assessment, screening, and other clinical objectives.
By End Users:
Academic and research institutes, hospitals and clinics, pharmaceutical and biotechnology companies, and other stakeholders are primary users.
By Geography:
Regional segmentation includes North America (US, Canada), Europe (Germany, France, Italy, Spain, UK, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Singapore), Middle East and North Africa (Egypt, Israel, Saudi Arabia), and Latin America (Brazil, Argentina, Rest of Latin America).
Research Methodology
Our research methodology blends primary interviews with genomics experts, lab directors, and healthcare executives, alongside secondary desk research from scientific journals, industry reports, and clinical databases. Forecasts for the next generation sequencing market are based on a multi-variable modeling approach, considering technological innovation rates, pricing trends, and regional adoption patterns. Rigorous data triangulation techniques were employed to validate key insights.
Get Mote: https://www.rootsanalysis.com/reports/next-generation-sequencing/290.html
Last Edited by Sakshi More on Apr 11, 2025 6:32 AM
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