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Global Next-generation Sequencing (NGS) Market to reach USD 28.82 billion by 2028.

Global Next-generation Sequencing (NGS) Market to reach USD 28.82 billion by 2028.

Product Code: HLSB-92476610
Publish Date: 27-03-2022
Page: 200

Global Next-generation Sequencing (NGS) Market is valued approximately USD 8.68 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 18.7% over the forecast period 2022-2028.

Next-generation Sequencing (NGS) is a big parallel sequencing technology that offers rapidity, scalability, and ultra-high throughput. Next-generation Sequencing (NGS) is also known as second-generation sequencing or massively parallel sequencing. This technology is utilized to determine the order of nucleotides in targeted regions of RNA or DNA or whole genomes. The growing incidence of cancer and rising applications of next-generation sequencing in cancer research, developments in NGS platforms, and reducing the price of genome sequencing are the major factors that may augment the market growth across the globe. For instance, in August 2020, Quest Diagnostics launched the company’s novel Automated NGS Engine to power AncestryHealth that is a consumer genetics offering by Ancestry. The platform presents a genetic screening of breast cancer, colon cancer, blood disorders, and heart diseases. In addition, improvement of regulatory and reimbursement scenario for NGS-based diagnostic tests, coupled with the increasing investment by the chief market players for widening product portfolio will further surge the global market demand. However, the interpretation of complex data from NGS platforms and the emergence of alternative technologies impedes the growth of the market over the forecast period of 2022-2028. Also, government & private support for large-scale sequencing and integration of big data in NGS data analysis is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Next-generation Sequencing (NGS) Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the increasing applications of NGS in diagnostics and genomics research, tied with the development and launch of novel products by key companies. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the availability of favorable government policies, as well as the growing presence of the leading market players, would create lucrative growth prospects for the Next-generation Sequencing (NGS) Market across the Asia-Pacific region.

Major market players included in this report are:
Psomagen, Inc.
Thermo Fisher Scientific
BGI Group
Agilent Technologies
Pacific Biosciences
Oxford Nanopore Technologies
F. Hoffmann-La Roche AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
NGS Consumables
Sequencing Services
Presequencing Products & Services
NGS Platforms
Services for NGS Platforms
By Technology:
Sequencing by Synthesis
ION Semiconductor Sequencing
Nanopore Sequencing
Single-Molecule Real-Time Sequencing
Other Technologies
By Application:
Drug Discovery
Agricultural & Animal Research
Other Applications
By End-User:
Academic Institutes & Research Centers
Pharmaceutical & Biotechnology Companies
Hospitals & Clinics
Other End Users
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Next-generation Sequencing (NGS) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Next-generation Sequencing (NGS) Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Next-generation Sequencing (NGS) Market, by Product, 2020-2028 (USD Billion)
1.2.3. Global Next-generation Sequencing (NGS) Market, by Technology, 2020-2028 (USD Billion)
1.2.4. Global Next-generation Sequencing (NGS) Market, by Application, 2020-2028 (USD Billion)
1.2.5. Global Next-generation Sequencing (NGS) Market, by End-User, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Next-generation Sequencing (NGS) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Next-generation Sequencing (NGS) Market Dynamics
3.1. Next-generation Sequencing (NGS) Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Developments in NGS platforms Rising prevalence of cancer and increasing applications of next-generation sequencing in cancer research
3.1.2. Market Challenges Interpretation of complex data from NGS platforms Emergence of alternative technologies
3.1.3. Market Opportunities Government & private support for large-scale sequencing Integration of big data in NGS data analysis
Chapter 4. Global Next-generation Sequencing (NGS) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Next-generation Sequencing (NGS) Market, by Product
6.1. Market Snapshot
6.2. Global Next-generation Sequencing (NGS) Market by Product, Performance – Potential Analysis
6.3. Global Next-generation Sequencing (NGS) Market Estimates & Forecasts by Product 2019-2028 (USD Billion)
6.4. Next-generation Sequencing (NGS) Market, Sub Segment Analysis
6.4.1. NGS Consumables
6.4.2. Sequencing Services
6.4.3. Presequencing Products & Services
6.4.4. NGS Platforms
6.4.5. Bioinformatics
6.4.6. Services for NGS Platforms
Chapter 7. Global Next-generation Sequencing (NGS) Market, by Technology
7.1. Market Snapshot
7.2. Global Next-generation Sequencing (NGS) Market by Technology, Performance – Potential Analysis
7.3. Global Next-generation Sequencing (NGS) Market Estimates & Forecasts by Technology 2019-2028 (USD Billion)
7.4. Next-generation Sequencing (NGS) Market, Sub Segment Analysis
7.4.1. Sequencing by Synthesis
7.4.2. ION Semiconductor Sequencing
7.4.3. Nanopore Sequencing
7.4.4. Single-Molecule Real-Time Sequencing
7.4.5. Other Technologies
Chapter 8. Global Next-generation Sequencing (NGS) Market, by Application
8.1. Market Snapshot
8.2. Global Next-generation Sequencing (NGS) Market by Application, Performance – Potential Analysis
8.3. Global Next-generation Sequencing (NGS) Market Estimates & Forecasts by Application 2019-2028 (USD Billion)
8.4. Next-generation Sequencing (NGS) Market, Sub Segment Analysis
8.4.1. Diagnostics
8.4.2. Drug Discovery
8.4.3. Agricultural & Animal Research
8.4.4. Other Applications
Chapter 9. Global Next-generation Sequencing (NGS) Market, by End-User
9.1. Market Snapshot
9.2. Global Next-generation Sequencing (NGS) Market by End-User, Performance – Potential Analysis
9.3. Global Next-generation Sequencing (NGS) Market Estimates & Forecasts by End-User 2019-2028 (USD Billion)
9.4. Next-generation Sequencing (NGS) Market, Sub Segment Analysis
9.4.1. Academic Institutes & Research Centers
9.4.2. Pharmaceutical & Biotechnology Companies
9.4.3. Hospitals & Clinics
9.4.4. Other End Users
Chapter 10. Global Next-generation Sequencing (NGS) Market, Regional Analysis
10.1. Next-generation Sequencing (NGS) Market, Regional Market Snapshot
10.2. North America Next-generation Sequencing (NGS) Market
10.2.1. U.S. Next-generation Sequencing (NGS) Market Product estimates & forecasts, 2019-2028 Technology estimates & forecasts, 2019-2028 Application estimates & forecasts, 2019-2028 End-User estimates & forecasts, 2019-2028
10.2.2. Canada Next-generation Sequencing (NGS) Market
10.3. Europe Next-generation Sequencing (NGS) Market Snapshot
10.3.1. U.K. Next-generation Sequencing (NGS) Market
10.3.2. Germany Next-generation Sequencing (NGS) Market
10.3.3. France Next-generation Sequencing (NGS) Market
10.3.4. Spain Next-generation Sequencing (NGS) Market
10.3.5. Italy Next-generation Sequencing (NGS) Market
10.3.6. Rest of Europe Next-generation Sequencing (NGS) Market
10.4. Asia-Pacific Next-generation Sequencing (NGS) Market Snapshot
10.4.1. China Next-generation Sequencing (NGS) Market
10.4.2. India Next-generation Sequencing (NGS) Market
10.4.3. Japan Next-generation Sequencing (NGS) Market
10.4.4. Australia Next-generation Sequencing (NGS) Market
10.4.5. South Korea Next-generation Sequencing (NGS) Market
10.4.6. Rest of Asia Pacific Next-generation Sequencing (NGS) Market
10.5. Latin America Next-generation Sequencing (NGS) Market Snapshot
10.5.1. Brazil Next-generation Sequencing (NGS) Market
10.5.2. Mexico Next-generation Sequencing (NGS) Market
10.6. Rest of The World Next-generation Sequencing (NGS) Market
Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Psomagen, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Illumina
11.2.3. Thermo Fisher Scientific
11.2.4. PerkinElmer
11.2.5. BGI Group
11.2.6. Agilent Technologies
11.2.7. Pacific Biosciences
11.2.8. Oxford Nanopore Technologies
11.2.9. QIAGEN
11.2.10. F. Hoffmann-La Roche AG
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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