Learn about the global next generation sequencing market through The Business Research Company, which provides information on next generation sequencing market size, next generation sequencing market drivers and restraints, next generation sequencing market players, the COVID-19 impact on the next generation sequencing market, and more.

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The global next generation sequencing market is expected to grow from $7.05 billion in 2020 to $9.04 billion in 2021 at a compound annual growth rate (CAGR) of 28.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The next generation sequencing market is expected to reach $23.15 billion in 2025 at a CAGR of 27%.

The growing number of cases with chronic conditions such as cancer, AIDS, and thalassemia is expected to drive innovation in next generation sequencing manufacturing, thus driving the market during the forecast period.

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The next generation sequencing market consists of sales of devices and equipment used in next generation sequencing and related services by entities (organizations, sole traders and partnerships) that manufacture next generation sequencing equipment. Next-generation sequencing (NGS) is the catch-all concept used to describe a variety of different advanced sequencing technologies. Such technologies allow DNA and RNA to be sequenced much faster and cheaper than traditionally used Sanger sequencing, revolutionizing the study of genomics and molecular biology.

Global NGS market segments include:

By Product: NextSeq Systems, MiniSeq Systems, NovaSeq Systems, iSeq 100 Systems, Ion PGM Systems, Ion Proton Systems, Ion GeneStudio S5 Systems, PacBio RS II Systems, Sequel Systems, Others

By Technology: Sequencing by Synthesis, Ion Semiconductor Sequencing, Single-molecule Real-time Sequencing, Nanopore Sequencing, Other Sequencing Technologies

By Application: Diagnostics, Drug Discovery, Other Applications

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The technological advances are shaping the next generation sequencing market. Major companies operating in the sequencing industry are focusing on developing technologically advanced solutions for next generation sequencing.

TBRC’s next generation sequencing market report covers:

Major Market Players: Illumina Inc., Thermo Fisher Scientific Inc., BGI Group, Agilent Technologies Inc., Qiagen N.V., Hoffmann-La Roche AG, Eurofins Scientific, Oxford Nanopore Technologies, Pacific Biosciences, and 10x Genomics.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Next Generation Sequencing Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides next generation sequencing market overviews, analyzes and forecasts market size, share, next generation sequencing market players, next generation sequencing market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s next generation sequencing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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