Next-Generation Sequencing (NGS) Market is estimated to beUS$ 37.8 billion by 2034 with a CAGR of 13.6% during the forecast period

Next-generation sequencing (NGS) is a massively parallel sequencing technology that can establish the order of nucleotides in a whole genome with scalability, ultra-high throughput, and fast speed. Because it includes preparing the sample for the subsequent sequencing reaction, DNA pre-sequencing is one of the most important processes in the total sequencing protocol. In the global healthcare sector, NGS is steadily being integrated into clinical laboratory analysis, testing, and disease diagnoses. In pharmacogenomics, NGS has been widely employed to speed up the drug discovery process. Next-Generation Sequencing (NGS) Market Size was valued at US$ 11.8 billion in 2024 and is expected to grow at a CAGR of 13.6% to reach US$ 37.8 billion by 2034.

The report "Next-Generation Sequencing (NGS) Market Size, Share, By Technology (Whole Genome Sequencing, Whole Exome Sequencing, RNA Sequencing, Targeted Re-sequencing and Others), By Application (Drug Discovery, Personalized Medicine & Genetic Screening, Disease Diagnosis, Agriculture & Animal Research and Others), By End User (Hospitals, Research Centers, Pharma & Biotech Firms and Others), and By Region - Trends, Analysis and Forecast till 2034’’

Key Highlights:

• The Thalassemia Gene Detection Kit (Combinatorial Probe-Anchor Synthesis Sequencing Method), which can be used for the genetic diagnosis of á, â thalassemia and other hemoglobinopathies as well as general population carrier screening, got CE mark approval in January 2021.
• The Oncomine Dx Target Test, an NGS-based companion diagnostic (CDx) test to identify RET fusion-positive, metastatic non-small cell lung cancer (NSCLC) patients receiving GAVRETO (pralsetinib), a targeted therapy developed by Blueprint Medicines, received premarket approval from the US FDA in September 2020.
• Thermo Fisher Scientific will release hematology-oncology assays for the Ion Torrent Genexus System in August 2020, allowing for the investigation of DNA mutations and RNA fusion transcripts in myeloid samples in one day.

Analyst View:

Continuous technological advancements in sequencers have enabled the development of efficient, portable, and simple-to-use NGS platforms that can deliver fast and precise results while also reducing turnaround times. The introduction of such products and the technology that underpin them gives players an immediate competitive advantage; as a result, major corporations are increasingly focused on product research and development to increase their market positions and share.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “ Next-Generation Sequencing (NGS) Market Size, Share, By Technology (Whole Genome Sequencing, Whole Exome Sequencing, RNA Sequencing, Targeted Re-sequencing and Others), By Application (Drug Discovery, Personalized Medicine & Genetic Screening, Disease Diagnosis, Agriculture & Animal Research and Others), By End User (Hospitals, Research Centers, Pharma & Biotech Firms and Others), and By Region - Trends, Analysis and Forecast till 2034"

Key Market Insights from the report:

Next-Generation Sequencing (NGS) Market Size was valued at US$ 11.8 billion in 2024 and is expected to grow at a CAGR of 13.6% to reach US$ 37.8 billion by 2034. The next-generation sequencing (NGS) market report segments the market on the basis of technology, application, end user, and region.

• Based on Technology, Next-Generation Sequencing (NGS) Market is segmented into Whole Genome Sequencing, Whole Exome Sequencing, RNA Sequencing, Targeted Re-sequencing and Others.
• Based on Application, Next-Generation Sequencing (NGS) Market is segmented into Drug Discovery, Personalized Medicine & Genetic Screening, Disease Diagnosis, Agriculture & Animal Research and Others.  
• Based on End-User, Next-Generation Sequencing (NGS) Market is segmented into Hospitals, Research Centers Pharma & Biotech Firms and Others. 
• By Region, the Next-Generation Sequencing (NGS) Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Next-Generation Sequencing (NGS) Market:

The key players operating the Next-Generation Sequencing (NGS) Market include Thermofischer Inc., Hoffmann-La Roche Ltd., Novartis International AG, Celgene Corporation, Johnson & Johnson, Bristol-Myers Squibb Company, Pfizer Inc., Merck & Co., Inc., Eli Lilly and Company, AbbVie Inc., and Bayer AG.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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