Global Next Generation Sequencing Market size and share is currently valued at USD 9.90 Billion in 2024 and is anticipated to generate an estimated revenue of USD 43.42 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 20.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032
The latest research report published by Polaris Market Research with title Next Generation Sequencing (NGS) Market Dynamics offers a thorough market analysis. It presents key market data and information, providing a detailed market assessment based on trends, drivers, constraints, and opportunities. Besides, an examination of the major market developments has been provided in the report. The research study assesses the market’s competitive landscape with the help of SWOT analysis and Porter’s Five Forces analysis.
The report includes detailed market segmentation, and understanding it can help in identifying different factors that support market growth. Also, it offers a clear representation of how the research is derived through primary and secondary sources, considering patent analysis, expert opinions, the latest Next Generation Sequencing (NGS) market development activities, and other influencing factors. Other market aspects covered in the study include market revenue, production, and consumption patterns.
Market Dynamics
The report study examines all the major forces influencing the growth of the market. These include:
✍ Growth Drivers and Opportunities: The research report sheds light on the key factors driving market expansion. Emerging Next Generation Sequencing (NGS) market trends and opportunities have also been studied and examined.
✍ Technological Advancements: All the major innovations and technological advancements have been covered in the report. Also, the study sheds light on the introduction of new products/services by market participants.
✍ Regulatory Policies and Initiatives: The introduction of favorable initiatives, policies, and regulations by governments worldwide has been covered in the study.
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https://www.polarismarketresearch.com/industry-analysis/next-generation-sequencing-ngs-market
The top players operating in the market are:
- BGI
- Bio-Rad Laboratories, Inc.
- DNASTAR, Inc.
- Eurofins GATC Biotech GmbH
- Genomatix GmbH
- Illumina Inc.
- Invitae Corporation
- Oxford Nanopore Technologies
- Perkin Elmer, Inc.
- PierianDx
- Qiagen
- Roche Ltd.
- Thermo Fisher Scientific Inc.
Research Methodology
The research methodology starts with the collection of market-relevant data and information by expert analysts and researchers. The collected information is then studied and filtered to offer an accurate and reliable Next Generation Sequencing (NGS) market analysis over the forecast period. The report includes interviews with leading market participants, making the research realistic and applicable. Secondary research techniques provide insights into the market demand and supply chain analysis. The market research methodologies provide a comprehensive overview of the complete marketplace.
Regional Overview
The research report offers an in-depth analysis of the market’s diverse geographic landscape. It includes an examination of the major areas exhibiting unique market characteristics. The study assesses the major regions anticipated to see rapid growth due to factors such as technical advancements and economic expansion. Also, regions anticipated to experience slower but significant Next Generation Sequencing (NGS) market expansion have been covered. The influence of different factors, such as population developments, legal frameworks, and cultural influence, on market growth across different regions has been covered. By going through the research report, businesses can understand the regional market differences and adjust their strategies to take advantage of local market opportunities.
The major regions and sub-regions covered in the research report are:
• North America (US, copyright)
• Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
• Asia Pacific (China, Japan, Korea, India, Southeast Asia, Australia, and Rest of Asia Pacific)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and Rest of the Middle East and Africa)
Growth Drivers:
The Next-Generation Sequencing (NGS) Market is expanding rapidly due to the increasing adoption of precision medicine, cancer genomics, and personalized healthcare. The declining costs of sequencing, advancements in bioinformatics and cloud computing, and the rising prevalence of genetic disorders are fueling market growth. Additionally, the demand for early disease diagnosis, targeted therapies, and non-invasive prenatal testing (NIPT) is driving the adoption of NGS technologies. Government funding for genomic research, along with the expansion of NGS applications in infectious disease diagnostics, microbiome analysis, and drug discovery, is further boosting market demand.
Recent Developments:
The NGS Market has seen significant advancements, including the development of long-read sequencing technologies, AI-driven genomic data analysis, and automation in sequencing workflows. Major players are launching portable and high-throughput sequencing platforms to enhance accessibility and efficiency. Additionally, collaborations between biotech companies, research institutions, and healthcare providers are accelerating the integration of NGS in clinical diagnostics. Regulatory approvals for NGS-based liquid biopsy tests and the expansion of NGS applications in agriculture and forensics are also contributing to market growth.
Key Questions Answered in Report:
✓ What are the key factors driving the Next Generation Sequencing (NGS) market growth?
✓ Which region is projected to have better demand for products/services in the market?
✓ What are the emerging opportunities market participants can capitalize on?
✓ What are the operating strategies adopted by major market participants?
✓ How will strategic initiatives impact the market growth in the upcoming years?
✓ Which segment is projected to witness significant growth during the forecast period?
Conclusion
The Next Generation Sequencing (NGS) market research report offers an all-inclusive analysis for anyone involved or interested in the rapidly growing market. It covers all the major market aspects, including market segmentation, competitive landscape, and top players. Also, customization options are available with respect to product, application, and region.
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