| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 20.22 Billion | USD 117.60 Billion | 19.25% | 2024 |
FrequentlyAsked Questions
Next generation sequencing (NGS) has transformed genomic research by enabling high-throughput and low-cost DNA and RNA sequencing. Unlike traditional Sanger sequencing, next-generation sequencing (NGS) allows for the parallel sequencing of millions of DNA fragments, allowing researchers to investigate complete genomes, transcriptomes, and epigenomes at unprecedented speed and depth.
The global next generation sequencing (NGS) market cap may grow owing to the due to the growing precision medicine usage and the expansion of NGS applications in clinical diagnosis and research.
According to study, global next generation sequencing (NGS) market size was worth around USD 20.22 billion in 2024 and is predicted to grow to around USD 117.60 billion by 2034 with a compound annual growth rate (CAGR) of roughly 19.25% between 2025 and 2034.
The CAGR value of the global next generation sequencing (NGS) market is expected to be around 19.25% during 2025-2034.
The global next generation sequencing (NGS) market growth is expected to be driven by Asia Pacific. Because of the rising usage of NGS technology in genomics research and clinical applications across the area, it is now the world's greatest revenue-generating market.
The global next generation sequencing (NGS) market is led by players like Illumina, Inc, Thermo Fisher Scientific, Inc., Roche Holdings AG (Roche Sequencing), Pacific Biosciences of California, Inc., BGI Group, Oxford Nanopore Technologies, Ltd., Qiagen N.V., PerkinElmer, Inc.Agilent Technologies, Inc., and Bio-Rad Laboratories, Inc.
The report analyzes the global next generation sequencing (NGS) market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Next Generation Sequencing (NGS) industry.

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