Press Release

Next Generation Sequencing (NGS) Services Market Size to Witness CAGR of 21.5% from 2019 to 2025
October 2020

Next Generation Sequencing (NGS) Services Market Size to Witness CAGR of 21.5% from 2019-2025

According to iCognition Insights, the global next generation sequencing services (NGS) market size is estimated to be USD 1,665.2million in 2019. Rising usage of NGS for reliable diagnosis of chronic diseases in a quicker time span, increasing research & development activities, development of advanced instruments, government initiatives for advanced clinical diagnosis, and occurrence of adverse drug reactions are also driving the global market growth.

Based on sequencing type, the market is categorized into whole exome, whole genome, and targeted sequencing & resequencing. On the basis of application, the market is segmented into HLA typing/immune system monitoring, agri-genomics & forensics, metagenomics, epidemiology & drug development, consumer genomics, reproductive health, clinical investigation, and oncology. By process flow type, the market is categorized into pre-sequencing, sequencing, and data analysis. On the basis of end-use, the market is categorized into clinical research, academic research, hospitals & clinics, biotech & pharma companies, and others.

In 2019, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to presence of large testing labs and rise in government support for research & development activities. Asia Pacific market is estimated to grow at the fastest growth rate during the forecast period.

Some of the major companies in the NGS services market are Thermo Fisher Scientific Inc. (U.S.), Illumina, Inc. (U.S.), F Hoffman-La Roche Ltd. (Switzerland), Oxford Nanopore Technologies (U.K.), Eurofins (Luxembourg), Genomatix GmbH (Germany), DNASTAR (U.S.), PierianDx, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), and PerkinElmer, Inc. (U.S.).

Next Generation Sequencing (NGS) Services Market: Key Data points-

  • Increasing usage of NGS for reliable diagnosis of chronic diseases in a quicker time span is driving the global market growth
  • In 2019, the targeted sequencing & resequencing segment accounted for a significant revenue share owing to cheaper alternative for investigation of patient illness
  • In 2019, oncology application segment accounted for the largest revenue share owing to advent of liquid biopsy techniques and rise in oncology cases globally
  • The sequencing process flow segment is accounted for the largest revenue share in 2019 owing to its wide application in precise disease detection
  • The clinical research end-use segment is expected to grow at a significant CAGR during the forecast period as NGS offers reliable, cost-effective and analytically precise results for clinical tests
  • Asia Pacific market is estimated to grow at the fastest growth rate during the forecast period owing to the increasing number of clinical trials, expanding marketing programs by leading companies, and rising government funding in advancements of genomic sector

Next Generation Sequencing (NGS) Services Market Scope-

Next Generation Sequencing Services(NGS) Market, By Sequencing Type (Revenue, 2017-2025, USD Million)

  • Whole Exome
  • Whole Genome
  • Targeted Sequencing & Resequencing
    • RNA-based
    • DNA-based

Next Generation Sequencing (NGS) Services Market, By Application (Revenue, 2017-2025, USD Million)

  • Clinical Investigation
    • Idiopathic Diseases
    • Infectious Diseases
    • Non-Communicable/Other Diseases
    • Inherited Diseases
  • Oncology
    • Diagnostics and screening
      1. Companion diagnostics
      2. Oncology Screening
      3. Other diagnostics
    • Research Studies
  • Reproductive Health
    • Single Gene Analysis
    • NIPT
    • New-Born/Genetic Screening
    • PGT
  • HLA Typing/Immune System Monitoring
  • Agri-Genomics & Forensics
  • Metagenomics
  • Epidemiology & Drug Development
  • Consumer Genomics

Next Generation Sequencing (NGS) Services Market, By Process Flow Type (Revenue, 2017-2025, USD Million)

  • Pre-Sequencing
    • NGS Automated Library Preparation
    • NGS Semi-Automated Library Preparation
    • NGS Library Preparation Kits
    • NGS Clonal Amplification
  • Sequencing
  • Data Analysis
    • Primary
    • Secondary
    • Tertiary

Next Generation Sequencing (NGS) Services Market, By End-Use (Revenue, 2017-2025, USD Million)

  • Clinical Research
  • Academic Research
  • Hospitals & Clinics
  • Biotech & Pharma companies
  • Others

Next Generation Sequencing (NGS) Services Market, By Region (Revenue, 2017-2025, USD Million)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

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Next Generation Sequencing (NGS) Services Market