PUBLISHER: Roots Analysis | PRODUCT CODE: 1849802
PUBLISHER: Roots Analysis | PRODUCT CODE: 1849802
The next generation sequencing market is estimated to grow from USD 8.6 billion in the current year and reach USD 46.5 billion by 2040, representing a higher CAGR of 18.4% during the forecast period.
The opportunity for next generation sequencing market has been distributed across the following segments:
Type of NGS Technique
Type of Technology Used
Application Area
Target Therapeutic Area
Purpose
End users
Geographical Regions
Market in North America
Market in Europe
Market in Asia-Pacific
Market in Middle East and North Africa
Market in Latin America
Next Generation Sequencing Market: Growth and Trends
Next generation sequencing involves the sequencing of whole genomes to understand genetic variations associated with a wide range of diseases. The ability to sequence entire genomes at the same time has created wide possibilities for both research and the molecular diagnosis of diseases.
The prevalence of chronic diseases has significantly increased over the years, raising serious concerns. According to the report of , nearly six out of 10 Americans are suffering from at least one chronic disease, indicating the growing risk of chronic diseases. In order to mitigate this concern, researchers are leveraging next generation sequencing for analyzing diseases at molecular level through metagenomics studies. In addition to disease diagnosis, next generation sequencing helps to design , identify and develop targeted therapies.
Currently, next generation sequencing platforms experience limited adoption because of high installation costs, the need for skilled personnel, and inadequate in-house infrastructure to carry out NGS workflows. To tackle these issues, various industry companies (such as Illumina and PacBio) are providing next generation sequencing services.
Outsourcing NGS solutions is economical, shortens analysis duration, and ensures precision in producing sequencing data. Such advantages of outsourcing next generation sequencing have attracted the interest of various government agencies and industry leaders who are currently involved in several initiatives related to multiple national genome mapping. Moreover, next-generation technologies have demonstrated great effectiveness in clinical trials, leading to a rise in volunteer participation in these trials, which assists researchers in making more informed decisions regarding the assessed drug or technology.
Ongoing research and innovation in this domain are expected to lead to a significant rise in the adoption of these sequencing techniques, propelling the growth of the next generation sequencing market.
Next Generation Sequencing Market: Key Insights
The report delves into the current state of the next generation sequencing market and identifies potential growth opportunities within the industry. The key takeaways of the report are:



Next Generation Sequencing Market: Key Segments
Consumables Segment Capture the Majority of the Next Generation Sequencing Market
In terms of type of component, the next generation sequencing market is segmented in consumables and services and instruments. In the current year, the consumables segment captures the majority share (67%) in the overall market and this trend is likely to remain unchanged in the future as well (CAGR of 18.7%).
Targeted Sequencing Segment Captures the Maximum Share of the Next Generation Sequencing Market
This next generation sequencing market report highlights the segmentation of the market size into targeted sequencing, whole genome sequencing / whole exome sequencing, RNA sequencing and other techniques, based on the type of NGS technique. Currently, the targeted sequencing segment captures the maximum share (45%) in the overall market. However, whole genome sequencing / whole exome sequencing segment is expected to grow at a relatively higher CAGR (19.5%), during the forecast period, till 2035.
Nanopore Sequencing Technology Segment is Likely to Grow at a Higher CAGR
This market report highlights the segmentation of the market into sequencing by synthesis technology, ion semiconductor technology, nanopore sequencing technology and other technologies, based on the type of technology used. Currently, the sequencing by synthesis technology segment captures the maximum next generation sequencing market share (82%) and this trend is likely to remain unchanged in the future as well. However, nanopore sequencing technology segment is expected to grow at a relatively higher CAGR (20.5%), during the forecast period, till 2035.
Clinical Applications Segment Leads the Next Generation Sequencing Market
The next generation sequencing market size is further divided into various sub-segments based on the application area, such as clinical applications, and research and applied applications. Currently, the clinical applications segment captures the maximum share (57%) in the overall market. This segment is expected to grow at a relatively higher CAGR (21.1%), during the forecast period, till 2035.
Oncological Disorders Capture the Highest Market Share
This segment highlights the distribution of market across various target therapeutic area such as, oncological disorders, genetic disorders, reproductive disorders and other therapeutic area. Currently, oncological disorders occupy the highest next generation sequencing market share (50%), and this trend is likely to remain unchanged. This can be attributed to the growing preference of next generation sequencing technologies for early diagnosis and prevention of cancer at molecular level. However, the other therapeutic areas segment is likely to grow at a relatively higher CAGR (26.6%) during the forecast period, till 2035.
Diagnosis Segment Captures the Highest Market Share
The next generation sequencing market is further divided into various sub-segments based on the purpose such as diagnosis, risk assessment, presymptomatic assessment, screening and other purposes. Currently, the market is driven by the diagnosis segment (58%) in the overall market, and this trend is likely to remain unchanged. However, other purposes segment is expected to grow at a relatively higher CAGR (20.1%), during the forecast period, till 2035.
Academic And Research Institutes Hold the Majority of the Market Share
The global market is segmented into different end users, including academic and research institutes, hospitals and clinics, pharmaceutical and biotechnology companies, and other end users. Currently, the academic and research institutes segment captures the maximum next generation sequencing market share (45%), and this trend is likely to remain unchanged in the future as well. However, we anticipate hospitals and clinics segment to grow at a relatively higher CAGR (21.7%) during the forecast period, till 2035.
North America will Propel the Next Generation Sequencing Market
Next generation sequencing market is distributed across various geographies, such as North America, Europe and Asia-Pacific, Middle East and North Africa and Latin America., North America is likely to capture the majority (51%) of the current market share, and this trend is likely to remain unchanged in the future.
Next Generation Sequencing Market: Research Coverage
The report on next generation sequencing market features insights into various sections, including:
Key Questions Answered in this Report
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