Next Generation Sequencing Market Estimated to Experience a Hike in Growth by 2035

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The global next generation sequencing (NGS) market, valued at USD 7.7 billion in 2024, is forecasted to reach USD 46.5 billion by 2035, registering a strong CAGR of 18.4%. As the demand for high-throughput, precise genomic analysis increases across clinical, research, and applied sectors, the market is positioned for significant expansion over the next decade.

Roots Analysis’s recent study, "Next Generation Sequencing NGS Market," tracks historical market performance and analyzes future trajectories shaped by evolving genomic technologies, personalized medicine trends, and the growing role of sequencing in routine clinical practice. Several factors — such as decreasing sequencing costs, automation, and data analytics improvements — continue to propel the next generation sequencing market forward.

The study also highlights industry challenges, including data storage burdens, bioinformatics complexities, and regulatory compliance, while exploring the solutions being developed to mitigate these risks.

Competitive Landscape

Key innovators driving momentum in the next generation sequencing market 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 companies are enhancing their product offerings by introducing faster platforms, high-accuracy sequencing reagents, and integrated data analysis tools. Strategic partnerships and regional expansions remain central to maintaining competitive advantage.

Market Segmentation

The next generation sequencing NGS market can be segmented based on several key factors:

  • By Component:
    Consumables (reagents, kits), instruments (sequencers, analyzers), and services (sequencing-as-a-service, data interpretation).
  • By NGS Technique:
    Includes targeted sequencing, whole genome sequencing (WGS), whole exome sequencing (WES), RNA sequencing, and other emerging methods.
  • By Technology Used:
    Sequencing by synthesis (SBS), ion semiconductor technology, nanopore sequencing technology, and various other advanced methods.
  • By Application Area:
    Divided into clinical applications (diagnostics, therapy selection) and research/applied applications (population genetics, environmental genomics).
  • By Target Therapeutic Area:
    Oncological disorders, genetic disorders, reproductive disorders, and other specialty segments.
  • By Purpose:
    Diagnosis, risk assessment, presymptomatic testing, screening programs, and research purposes.
  • By End Users:
    Academic and research institutes, hospitals and clinics, pharmaceutical and biotechnology companies, and other stakeholders.
  • By Geography:
    Covers North America (US, Canada), Europe (Germany, France, Italy, Spain, UK, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Singapore, Rest of Asia-Pacific), Middle East and North Africa (Egypt, Israel, Saudi Arabia), and Latin America (Brazil, Argentina, Rest of Latin America).

Research Methodology

This report is based on a dual research approach combining primary interviews with NGS technologists, clinical geneticists, and healthcare executives, and secondary research from industry reports, scientific journals, patent databases, and conference proceedings. Forecasting of the next generation sequencing NGS market was conducted using robust modeling techniques, considering technology adoption rates, clinical trial activity, and global funding patterns. Extensive validation ensured the reliability and accuracy of market projections.

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