Global Next-Generation Sequencing Services Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Next-generation sequencing services are used for the sequencing of millions and billions of DNA elements through huge parallelisation. This technique provides low cost, high accuracy, speed and accurate results. Global next-generation sequencing services market was valued at $1059.2 Million in 2017 and is expected to generate revenue of around $4022.31 Million by the end of 2024, growing at a CAGR of around 21% between 2017 and 2024. Technological advancements in the field of sequencing and need for skilled professionals for efficient NGS sample preparation and analysis are the factors enhancing the growth of the market. Accuracy & standardisation concerns in diagnostic testing and installation of in-house sequencing facilities in hospitals and universities are the factors which hamper the market growth.  Growing applications in cancer and agro genomics research and analysis of complex sequencing data which offer significant growth are the opportunities for next-generation sequencing services market.

Research Study Objectives:

• Define, estimate, and forecast the Next-Generation Sequencing Services market statistics by technology, application, service type, end user and regions concerning the individual growth drivers, market trends and their contribution toward the Next-Generation Sequencing Services market growth
• Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
• Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
• Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Next-Generation Sequencing Services Market Analysis
• Analysis and conclusions on the future Next-Generation Sequencing Services market outlook.

Top-down and bottom-up approaches are used to validate the Next-Generation Sequencing Services Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Next-Generation Sequencing Services Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Next-Generation Sequencing Services market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.

The scope of the Report

The Next-Generation Sequencing Services market segmentation is as follows:

By Service Type

• Whole-genome sequencing
• Chip-sequencing
• Exome sequencing
• De novo sequencing
• RNA-sequencing
• Targeted resequencing & custom gene panels
• Methyl-sequencing
• Other services

By Technology

• Sequencing by synthesis
• Ion semiconductor sequencing
• Single-molecule real-time sequencing
• Nanopore sequencing

By Application

• Agriculture & animal research
• Biomarker discovery
• Drug discovery
• Diagnostics
• Other diagnostic applications

By End User

• Academic & government institutes and research centres
• Hospitals & Clinics
• Pharmaceutical & biotechnology companies
• Other end users

Geographical Analysis:

Next-Generation Sequencing Services Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.

Customization Options:

With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Next-Generation Sequencing Services Market include:

• Scope Revision
• Geographic Analysis
• Company Profiles
• Historical Data & Forecasting
• Key Contact Persons in companies

Global Next-Generation Sequencing Services Market Research Report Includes:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
• Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact on altering market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the significant Next-Generation Sequencing Services market players, such as
  • Beijing Genomics Institute.
  • Illumina, Inc.
  • PerkinElmer, Inc.
  • Eurofins Scientific SE.
  • GATC Biotech.
• Along with these companies, many other companies are considered in the report while analysing the Global Next-Generation Sequencing Services competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.