Next Generation Sequencing (NGS) Market: Trends, Forecast, and Competitive Landscape 2024–2030
Next Generation Sequencing (NGS) Market: Trends, Forecast, and Competitive Landscape 2024–2030
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The Next Generation Sequencing (NGS) Market sector is undergoing rapid transformation, with significant growth and innovations expected by 2030. In-depth market research offers a thorough analysis of market size, share, and emerging trends, providing essential insights into its expansion potential. The report explores market segmentation and definitions, emphasizing key components and growth drivers. Through the use of SWOT and PESTEL analyses, it evaluates the sector’s strengths, weaknesses, opportunities, and threats, while considering political, economic, social, technological, environmental, and legal influences. Expert evaluations of competitor strategies and recent developments shed light on geographical trends and forecast the market’s future direction, creating a solid framework for strategic planning and investment decisions.
Brief Overview of the Next Generation Sequencing (NGS) Market:
The global Next Generation Sequencing (NGS) Market is expected to experience substantial growth between 2024 and 2031. Starting from a steady growth rate in 2023, the market is anticipated to accelerate due to increasing strategic initiatives by key market players throughout the forecast period.
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Which are the top companies operating in the Next Generation Sequencing (NGS) Market?
The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the market's extension. This Global Next Generation Sequencing (NGS) Market report provides the information of the Top Companies in Next Generation Sequencing (NGS) Market in the market their business strategy, financial situation etc.
Illumina, Inc., Thermo Fisher Scientific Inc., QIAGEN, Merck KGaA, Charles River Laboratories, Revvity, Promega Corporation., Agilent Technologies, Inc., Takara Bio Inc., Eurofins Scientific, Hamilton Company, BGI, Azenta US, Inc., Beckman Coulter, Inc., Bio-Rad Laboratories, Inc., PacBio., Macrogen, Inc., Gilson Incorporated, New England Biolabs, Oxford Nanopore Technologies plc., LGC Biosearch Technologies, PCR Biosystems, ACT Genomics, Quantabio, DNASTAR, and NimaGen. among others
Report Scope and Market Segmentation
Which are the driving factors of the Next Generation Sequencing (NGS) Market?
The driving factors of the Next Generation Sequencing (NGS) Market are multifaceted and crucial for its growth and development. Technological advancements play a significant role by enhancing product efficiency, reducing costs, and introducing innovative features that cater to evolving consumer demands. Rising consumer interest and demand for keyword-related products and services further fuel market expansion. Favorable economic conditions, including increased disposable incomes, enable higher consumer spending, which benefits the market. Supportive regulatory environments, with policies that provide incentives and subsidies, also encourage growth, while globalization opens new opportunities by expanding market reach and international trade.
Next Generation Sequencing (NGS) Market - Competitive and Segmentation Analysis:
**Segments**
- **By Product & Service**
- Reagents & Consumables
- Platforms
- Services
- **By Application**
- Diagnostics
- Drug Discovery
- Personalized Medicine
- Agriculture & Animal Research
- Others
- **By Technology**
- Sequencing by Synthesis (SBS)
- Ion Semiconductor Sequencing
- Single-Molecule Real-Time Sequencing (SMRT)
- Nanopore Sequencing
- Others
- **By End User**
- Academic Institutes & Research Centers
- Hospitals & Clinics
- Pharmaceutical & Biotechnology Companies
- Others
- **By Region**
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
The next-generation sequencing (NGS) market is anticipated to witness significant growth by the year 2030. The market segments by product & service include reagents & consumables, platforms, and services. In terms of applications, NGS finds use in diagnostics, drug discovery, personalized medicine, agriculture & animal research, among others. The technology segment comprises sequencing by synthesis (SBS), ion semiconductor sequencing, single-molecule real-time sequencing (SMRT), nanopore sequencing, and others. Furthermore, the end users of NGS technology are academic institutes & research centers, hospitals & clinics, pharmaceutical & biotechnology companies, and others. Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
**Market Players**
- Illumina, Inc.
- Thermo Fisher Scientific Inc.
- F. Hoffmann-La Roche Ltd
- BGI
- QIAGEN
- Oxford Nanopore Technologies
- Agilent Technologies, Inc.
- Pacific Biosciences of California, Inc.
- PerkinElmer Inc.
- Eurofins Scientific
These keyThe next-generation sequencing (NGS) market is poised for substantial growth driven by advancements in technology, increased research activities in genomics, and rising demand for personalized medicine. From the product and service standpoint, reagents & consumables form a critical part of the NGS market, as they are essential components for sample preparation and sequencing workflows. Platforms play a pivotal role in conducting the actual sequencing process, with companies competing to offer innovative and high-throughput solutions. Additionally, services such as sequencing services, data analysis, and consulting are becoming increasingly popular as they offer convenience and expertise to end-users.
In terms of applications, diagnostics represent a major segment for NGS technology, enabling precise and rapid identification of genetic variations linked to diseases. Drug discovery is another significant area where NGS is revolutionizing the process by facilitating target identification, biomarker discovery, and pharmacogenomics. Personalized medicine, one of the fastest-growing segments, leverages NGS data to tailor treatment plans for individual patients based on their genetic makeup. Agriculture & animal research are also adopting NGS for applications such as breeding programs, biodiversity studies, and disease resistance profiling.
Technological advancements have led to various sequencing methodologies, with sequencing by synthesis (SBS) being a widely used technique known for its high accuracy and scalability. Ion semiconductor sequencing offers rapid sequencing capabilities, making it suitable for rapid diagnostics and infectious disease monitoring. Single-molecule real-time sequencing (SMRT) provides long-read sequencing, which is beneficial for de novo genome assembly and structural variant detection. Nanopore sequencing, based on portable platforms, offers real-time sequencing with minimal sample preparation requirements.
The end users of NGS technology span across diverse sectors, including academic institutes & research centers, which are at the forefront of genomic research and technology development. Hospitals & clinics are increasingly adopting NGS for precision medicine applications and genetic testing services. Pharmaceutical & biotechnology companies leverage NGS for drug discovery, biomarker identification, and clinical trials. Other end users such as forensic labs**Market Players**
- Illumina, Inc.
- Thermo Fisher Scientific Inc.
- QIAGEN
- Merck KGaA
- Charles River Laboratories
- Revvity
- Promega Corporation
- Agilent Technologies, Inc.
- Takara Bio Inc.
- Eurofins Scientific
- Hamilton Company
- BGI
- Azenta US, Inc.
- Beckman Coulter, Inc.
- Bio-Rad Laboratories, Inc.
- PacBio
- Macrogen, Inc.
- Gilson Incorporated
- New England Biolabs
- Oxford Nanopore Technologies plc.
- LGC Biosearch Technologies
- PCR Biosystems
- ACT Genomics
- Quantabio
- DNASTAR
- NimaGen
The next-generation sequencing (NGS) market is set to experience substantial growth over the coming years, driven by a combination of technological advancements, increased applications across various sectors, and a growing demand for personalized medicine solutions. One of the key segments within the NGS market is reagents & consumables, which are essential for sample preparation and sequencing workflows, representing a critical component of the industry. Platforms are integral for carrying out the sequencing process efficiently and accurately, with companies continuously innovating to offer high-throughput solutions to meet the needs of researchers and institutions. Additionally, services such as sequencing services, data analysis, and consulting are gaining traction for their role in providing expertise and convenience to end-users.
NGS technology finds diverse
North America, particularly the United States, will continue to exert significant influence that cannot be overlooked. Any shifts in the United States could impact the development trajectory of the Next Generation Sequencing (NGS) Market. The North American market is poised for substantial growth over the forecast period. The region benefits from widespread adoption of advanced technologies and the presence of major industry players, creating abundant growth opportunities.
Similarly, Europe plays a crucial role in the global Next Generation Sequencing (NGS) Market, expected to exhibit impressive growth in CAGR from 2024 to 2030.
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Key Benefits for Industry Participants and Stakeholders: –
- Industry drivers, trends, restraints, and opportunities are covered in the study.
- Neutral perspective on the Next Generation Sequencing (NGS) Market scenario
- Recent industry growth and new developments
- Competitive landscape and strategies of key companies
- The Historical, current, and estimated Next Generation Sequencing (NGS) Market size in terms of value and size
- In-depth, comprehensive analysis and forecasting of the Next Generation Sequencing (NGS) Market
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters
The countries covered in the Next Generation Sequencing (NGS) Market report are U.S., copyright and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA
Detailed TOC of Next Generation Sequencing (NGS) Market Insights and Forecast to 2030
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Next Generation Sequencing (NGS) Market Landscape
Part 05: Pipeline Analysis
Part 06: Next Generation Sequencing (NGS) Market Sizing
Part 07: Five Forces Analysis
Part 08: Next Generation Sequencing (NGS) Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Next Generation Sequencing (NGS) Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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