Next Generation Sequencing Market
PUBLISHED: 2023 ID: SMRC23130
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Next Generation Sequencing Market

Next Generation Sequencing Market Forecasts to 2028 - Global Analysis By Workflow (Sequencing, NGS Data Analysis, Pre-Sequencing), Product & Service (Services, Consumables, Platforms), Sequencing Type (Whole Exome, Targeted Resequencing, RNA Sequencing, CHIP Sequencing, Whole Genome), Technology, Application, End User and Geography

4.3 (35 reviews)
4.3 (35 reviews)
Published: 2023 ID: SMRC23130

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $13.0 BN

Projected Year Value (2028)

US $34.0 BN

CAGR (2022 - 2028)

17.7%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Next Generation Sequencing Market is accounted for $13 billion in 2022 and is expected to reach $34 billion by 2028 growing at a CAGR of 17.7% during the forecast period. The term "next-generation sequencing" (NGS) refers to the DNA sequencing technique that has significantly changed the area of genetics. Sequencing technology is used in a variety of NGS systems that are now on the market. The ability to simultaneously sequence millions of small fragments of DNA is a key benefit of all next-generation sequencing technology. A method that can be used to sequence whole genomes is next-generation sequencing. Next-generation sequencing methods can also be used to sequence genomes with particular regions of interest.

According to the World Health Organization (WHO), 22 December 2021 data, approximately 275,233,892 confirmed cases of COVID-19 were reported across the globe.



Market Dynamics:

Driver:

Decreasing costs of sequencing

The rise of the NGS industry is driving by the falling cost of sequencing. Over the past few years, sequencing costs have been steadily declining, making NGS more inexpensive and available to academics and clinicians. As a result, the use of NGS technology in clinical settings has increased. In the upcoming years, it is anticipated that this tendency will accelerate market expansion. Additionally, factors including the increased desire for personalised medicine, the quick uptake of new NGS platforms and software tools, and the expanding use of NGS in agricultural and animal genomics all contribute to the market's rapid expansion.

Restraint:

High costs

One of the major constraints impeding market expansion is the high costs related to the installation and maintenance of the equipment needed for NGS in laboratories. Another important factor restricting the demand for the NGS and the market's development pace is the absence of standardisation. Other significant challenges limiting the growth of the next-generation sequencing market are the interpretation of the DNA sequence contained in the data, the speeding up of the data analysis, and the limitation of storage space caused by the bottleneck. In addition, there are important challenges that need to be solved, such the exploitation of data from multiple databases.

Opportunity:

Advancement in the Clinical Diagnosis

Among the many uses of next-generation sequencing are forensics, reproductive health, personalised medicine, biomarkers, and diagnostics. Due to its analytical accuracy, high throughput, and affordability, next-generation sequencing (NGS) has established itself as the industry standard for clinical laboratories to use when diagnosing genetic illnesses. Life-threatening rare disorders can be difficult to detect and cure. According to estimates, genetic factors have a role in 80% of uncommon disorders. As a result, the market is growing throughout the forecasted time.

Threat:

Ethical and Juridical Concerns

Any type of DNA sequencing, including NGS, is subject to legal and ethical considerations. In addition to concerns unique to a particular culture and group, these issues also include identifiability, releasing study findings, stereotyping, and the appropriateness of permission, stigmatisation, inclusiveness, and differential benefit. In essence, these moral concerns restrain commercial expansion. Medical sequencing poses ethical concerns for both people and populations, including those pertaining to data release and identifiability, proper permission, publishing research findings, stigmatisation and stereotyping, inclusiveness, differential benefit, and problems unique to certain cultures and communities.

Covid-19 Impact

The COVID-19 pandemic has had a positive effect on the expansion of the market for next-generation sequencing. The adoption of next-generation sequencing testing as a reliable method for identifying viruses in the human body during the COVID-19 pandemic has contributed to its rapid growth. Additionally, researchers have been using NGS technology more and more in drug discovery processes to create therapeutics for the COVID-19 virus. The COVID-19 pandemic has also helped the market for next-generation diagnostics to expand. On the other hand, the COVID-19 pandemic severely disrupted the global supply chain and many research projects that depend on NGS were put on hold; these factors reduced the demand levels for NGS instruments and reagents and had a marginally negative impact on the growth of the NGS market.

The services segment is expected to be the largest during the forecast period

The services segment is estimated to have a lucrative growth, due to the growing demand for sequencing services. Next-generation sequencing's capacity to produce enormous amounts of sequence data at an affordable cost led to numerous ground-breaking discoveries and brought the study of genomics into a new era. Two examples of the novel sequencing technologies that have evolved in response to the increasing need for trustworthy sequencing-based diagnostics are high-throughput sequencers and portable devices. They use these technologies internally to provide speedy, high-quality project completion for its clients. NGS services connected to sequencing are widely accessible on the market, ranging from consultation through derivation of the end result. Others concentrate on offering stand-alone services to customers who already have a lab with NGS equipment but wish to outsource certain NGS workflow. certain companies focus on offering entire protocols.

The Diagnostics segment is expected to have the highest CAGR during the forecast period

The Diagnostics segment is anticipated to witness the fastest CAGR growth during the forecast period. The clinical diagnosis of hereditary and uncommon disorders is mostly to blame for this. NGS has a wide range of diagnostic applications, ranging from the identification of new infectious pathogens that cause epidemics to the identification of diverse mutations that cause complex hereditary disorders. Diseases and illnesses are mostly caused by genomic alterations. Three popular NGS methods include RNA sequencing, exome sequencing, and whole genome sequencing for locating and confirming illness and disorder-related biomarkers. LncRNAs, miRNAs, and mRNAs have been employed as therapeutic targets for patients with a range of disorders as well as diagnostic biomarkers. With the use of NGS, clinicians may better understand the genetic alterations that lead to antibiotic resistance and provide appropriate treatments.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to variety of factors, including the presence of an established healthcare infrastructure, the rise in chronic illnesses, and the availability of government funding for genomics research. Additional elements that are projected to promote the growth of the NGS market in North America include the presence of important market players in the region and the availability of cutting-edge technology for genomics research.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the rising implementation of NGS technology in emerging countries like China and India. The increasing frequency of chronic illnesses, greater expenditures in research and development, and the availability of government funding for genomics research are a few of the key factors boosting the growth of the NGS market in the region. The rise of the NGS market in Asia Pacific is also projected to be supported by the presence of prominent industry players in the region and the availability of cutting-edge genomics technology.



Key players in the market

Some of the key players profiled in the Next Generation Sequencing Market include Illumina Inc., Agilent Technologies, PierianDx Inc., Thermo Fisher Scientific Inc., BGI Group, Danaher Corporation, Precigen Inc., Eurofins Genomics, Pacific Biosciences of California Inc. and F. Hoffmann-La Roche AG.

Key Developments:

In December 2020, Eurofins Genomics announced cost-effective, optimized SARS-CoV-2 NGS services, which include comprehensive viral genome sequencing.

Workflows Covered:
• Sequencing
• NGS Data Analysis
• Pre-Sequencing

Products & Services Covered:
• Services
• Consumables
• Platforms

Sequencing Types Covered:
• Whole Exome
• Targeted Resequencing
• RNA Sequencing
• CHIP Sequencing
• Whole Genome
• Other Sequencing Types

Technologies Covered:
• Pyrosequencing
• Sequencing by Synthesis
• Resequencing
• Single-Molecule Real-Time Sequencing
• Targeted Sequencing
• Other Technologies

Applications Covered:
• Agriculture and Animal Research
• Diagnostics
• Personalized Medicine
• Oncology
• Reproductive Health
• Other Applications

End Users Covered:
• Biotechnology Companies
• Academic & Government Research Institutes
• Pharmaceutical Companies
• Hospitals & Clinics
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
4.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Next Generation Sequencing Market, By Workflow
5.1 Introduction
5.2 Sequencing
5.3 NGS Data Analysis
5.3.1 NGS Tertiary Data Analysis
5.3.2 NGS Primary Data Analysis
5.3.3 NGS Secondary Data Analysis
5.4 Pre-Sequencing
5.4.1 Automated Library Preparation
5.4.2 NGS Library Preparation Kits
5.4.3 Semi-automated Library Preparation

6 Global Next Generation Sequencing Market, By Product & Service
6.1 Introduction
6.2 Services
6.2.1 Data Management Services
6.2.2 Sequencing Services
6.3 Consumables
6.3.1 Sample Preparation Consumables
6.3.2 Other Consumables
6.4 Platforms
6.4.1 SOLiD
6.4.2 HiSeq
6.4.3 Ion Torrent
6.4.4 MiSeq
6.4.5 Pacbio Rs II and Sequel System
6.4.6 Other Sequencing Platforms

7 Global Next Generation Sequencing Market, By Sequencing Type
7.1 Introduction
7.2 Whole Exome
7.3 Targeted Resequencing
7.4 RNA Sequencing
7.5 CHIP Sequencing
7.6 Whole Genome
7.7 Other Sequencing Types

8 Global Next Generation Sequencing Market, By Technology
8.1 Introduction
8.2 Pyrosequencing
8.3 Sequencing by Synthesis
8.4 Resequencing
8.5 Single-Molecule Real-Time Sequencing
8.6 Targeted Sequencing
8.7 Other Technologies

9 Global Next Generation Sequencing Market, By Application
9.1 Introduction
9.2 Agriculture and Animal Research
9.3 Diagnostics
9.4 Personalized Medicine
9.5 Oncology
9.6 Reproductive Health
9.7 Other Applications

10 Global Next Generation Sequencing Market, By End User
10.1 Introduction
10.2 Biotechnology Companies
10.3 Academic & Government Research Institutes
10.4 Pharmaceutical Companies
10.5 Hospitals & Clinics
10.6 Other End Users

11 Global Next Generation Sequencing Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Illumina Inc.
13.2 Agilent Technologies
13.3 PierianDx Inc.
13.4 Thermo Fisher Scientific Inc.
13.5 BGI Group
13.6 Danaher Corporation
13.7 Precigen Inc.
13.8 Eurofins Genomics
13.9 Pacific Biosciences of California Inc.
13.10 F. Hoffmann-La Roche AG

List of Tables
1 Global Next Generation Sequencing Market Outlook, By Region (2020-2028) ($MN)
2 Global Next Generation Sequencing Market Outlook, By Workflow (2020-2028) ($MN)
3 Global Next Generation Sequencing Market Outlook, By Sequencing (2020-2028) ($MN)
4 Global Next Generation Sequencing Market Outlook, By NGS Data Analysis (2020-2028) ($MN)
5 Global Next Generation Sequencing Market Outlook, By NGS Tertiary Data Analysis (2020-2028) ($MN)
6 Global Next Generation Sequencing Market Outlook, By NGS Primary Data Analysis (2020-2028) ($MN)
7 Global Next Generation Sequencing Market Outlook, By NGS Secondary Data Analysis (2020-2028) ($MN)
8 Global Next Generation Sequencing Market Outlook, By Pre-Sequencing (2020-2028) ($MN)
9 Global Next Generation Sequencing Market Outlook, By Automated Library Preparation (2020-2028) ($MN)
10 Global Next Generation Sequencing Market Outlook, By NGS Library Preparation Kits (2020-2028) ($MN)
11 Global Next Generation Sequencing Market Outlook, By Semi-automated Library Preparation (2020-2028) ($MN)
12 Global Next Generation Sequencing Market Outlook, By Product & Service (2020-2028) ($MN)
13 Global Next Generation Sequencing Market Outlook, By Services (2020-2028) ($MN)
14 Global Next Generation Sequencing Market Outlook, By Data Management Services (2020-2028) ($MN)
15 Global Next Generation Sequencing Market Outlook, By Sequencing Services (2020-2028) ($MN)
16 Global Next Generation Sequencing Market Outlook, By Consumables (2020-2028) ($MN)
17 Global Next Generation Sequencing Market Outlook, By Sample Preparation Consumables (2020-2028) ($MN)
18 Global Next Generation Sequencing Market Outlook, By Other Consumables (2020-2028) ($MN)
19 Global Next Generation Sequencing Market Outlook, By Platforms (2020-2028) ($MN)
20 Global Next Generation Sequencing Market Outlook, By SOLiD (2020-2028) ($MN)
21 Global Next Generation Sequencing Market Outlook, By HiSeq (2020-2028) ($MN)
22 Global Next Generation Sequencing Market Outlook, By Ion Torrent (2020-2028) ($MN)
23 Global Next Generation Sequencing Market Outlook, By MiSeq (2020-2028) ($MN)
24 Global Next Generation Sequencing Market Outlook, By Pacbio Rs II and Sequel System (2020-2028) ($MN)
25 Global Next Generation Sequencing Market Outlook, By Other Sequencing Platforms (2020-2028) ($MN)
26 Global Next Generation Sequencing Market Outlook, By Sequencing Type (2020-2028) ($MN)
27 Global Next Generation Sequencing Market Outlook, By Whole Exome (2020-2028) ($MN)
28 Global Next Generation Sequencing Market Outlook, By Targeted Resequencing (2020-2028) ($MN)
29 Global Next Generation Sequencing Market Outlook, By RNA Sequencing (2020-2028) ($MN)
30 Global Next Generation Sequencing Market Outlook, By CHIP Sequencing (2020-2028) ($MN)
31 Global Next Generation Sequencing Market Outlook, By Whole Genome (2020-2028) ($MN)
32 Global Next Generation Sequencing Market Outlook, By Other Sequencing Types (2020-2028) ($MN)
33 Global Next Generation Sequencing Market Outlook, By Technology (2020-2028) ($MN)
34 Global Next Generation Sequencing Market Outlook, By Pyrosequencing (2020-2028) ($MN)
35 Global Next Generation Sequencing Market Outlook, By Sequencing by Synthesis (2020-2028) ($MN)
36 Global Next Generation Sequencing Market Outlook, By Resequencing (2020-2028) ($MN)
37 Global Next Generation Sequencing Market Outlook, By Single-Molecule Real-Time Sequencing (2020-2028) ($MN)
38 Global Next Generation Sequencing Market Outlook, By Targeted Sequencing (2020-2028) ($MN)
39 Global Next Generation Sequencing Market Outlook, By Other Technologies (2020-2028) ($MN)
40 Global Next Generation Sequencing Market Outlook, By Application (2020-2028) ($MN)
41 Global Next Generation Sequencing Market Outlook, By Agriculture and Animal Research (2020-2028) ($MN)
42 Global Next Generation Sequencing Market Outlook, By Diagnostics (2020-2028) ($MN)
43 Global Next Generation Sequencing Market Outlook, By Personalized Medicine (2020-2028) ($MN)
44 Global Next Generation Sequencing Market Outlook, By Oncology (2020-2028) ($MN)
45 Global Next Generation Sequencing Market Outlook, By Reproductive Health (2020-2028) ($MN)
46 Global Next Generation Sequencing Market Outlook, By Other Applications (2020-2028) ($MN)
47 Global Next Generation Sequencing Market Outlook, By End User (2020-2028) ($MN)
48 Global Next Generation Sequencing Market Outlook, By Biotechnology Companies (2020-2028) ($MN)
49 Global Next Generation Sequencing Market Outlook, By Academic & Government Research Institutes (2020-2028) ($MN)
50 Global Next Generation Sequencing Market Outlook, By Pharmaceutical Companies (2020-2028) ($MN)
51 Global Next Generation Sequencing Market Outlook, By Hospitals & Clinics (2020-2028) ($MN)
52 Global Next Generation Sequencing Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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