NGS Services Market size is estimated to be USD $3.7 Billion in 2024 and is expected to reach USD $12.5 Billion by 2033 at a CAGR of 15.1% from 2026 to 2033.
The European Next-Generation Sequencing (NGS) services market has experienced remarkable growth in recent years, driven by technological advancements and an increasing demand for genomic research. As of 2020, the market was valued at approximately USD 1.15 billion, with projections suggesting a compound annual growth rate (CAGR) of 21% from 2015 to 2020. citeturn0search2
Key factors contributing to this growth include:
Technological Advancements: Innovations in sequencing technologies have led to faster and more cost-effective sequencing processes, making NGS a preferred choice over traditional methods.
Clinical Applications: NGS plays a pivotal role in diagnosing and understanding various diseases, particularly cancer, by enabling comprehensive genetic analysis.
Research and Drug Discovery: Researchers utilize NGS for drug development and personalized medicine, enhancing the efficacy of treatments.
The market is segmented based on technology, application, end-user, and disease type. Technologies such as Sequencing by Synthesis (SBS), Ion Semiconductor Sequencing, and Single-Molecule Real-Time (SMRT) sequencing are prevalent. Applications span whole-genome sequencing, exome sequencing, targeted sequencing, and RNA sequencing. End-users include research centers, academic institutions, hospitals, and pharmaceutical companies. Disease types addressed encompass oncology, rare diseases, and prenatal disorders. citeturn0search2
However, the market faces challenges such as reliance on government grants for research funding and stringent reimbursement policies, which may hinder growth. citeturn0search2 Addressing these challenges requires strategic collaborations and increased investment in research and development.
In parallel, the optical transceiver market in Europe is experiencing significant expansion, driven by the increasing demand for high-speed data transmission. The global optical transceiver market was valued at over USD 10 billion in 2023, with projections indicating a CAGR of 15% between 2024 and 2032. citeturn0search7 This growth is fueled by factors such as the proliferation of smart devices, rising data traffic, and the need for efficient cloud computing solutions.
The 100 Gigabit Fiber Optic Transceiver Market, in particular, is witnessing substantial demand due to the increasing need for high-speed internet and data services. These transceivers are essential components in modern communication networks, facilitating rapid data transmission over long distances. The market for 100G transceivers is expected to grow significantly, with advancements in technology leading to more compact and energy-efficient designs. citeturn0search5
In summary, both the NGS services and optical transceiver markets in Europe are poised for substantial growth, driven by technological innovations and the increasing demand for high-speed data and genomic analysis. Stakeholders in these industries must navigate challenges related to funding and infrastructure to capitalize on emerging opportunities.
Get an In-Depth Research Analysis of the Europe NGS Services Market Size And Forecast [2025-2032]
Beijing Genomics Institute (BGI)
Cegat (Centre for Genomics and Transcriptomics) GMBH
DNA Vision SA
Eurofins Genomics Inc
Febit / Comprehensive Biomarker Center GMBH (CBC)
Genomnia SRL
Mina Inc
Macrogen Inc
Microsynth AG
Seqomics
Source Bio Science
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Europe region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Europe NGS Services Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Europe NGS Services Market
Clinical Diagnostics
Research & Development
Forensic Testing
Agricultural Testing
Personalized Medicine
Next-Generation Sequencing (NGS) Platforms
SequencingSynthesis (SBS)
Ion Semiconductor Sequencing
Single-Molecule Real-Time Sequencing (SMRT)
Nanopore Sequencing
Reagents & Consumables
NGS Systems
Software & Services
Sequencing Kits
Bioinformatics Tools
Sample Preparation
Sequencing
Data Analysis
Data Storage
Data Interpretation
Hospitals & Diagnostic Laboratories
Academic & Research Institutes
Biotechnology & Pharmaceutical Companies
Contract Research Organizations
Clinical Research Laboratories
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
For More Information or Query, Visit @ NGS Services Market Research Analysis
1. Introduction of the Europe NGS Services Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Market Size And Trends
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe NGS Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe NGS Services Market, By Type
6. Europe NGS Services Market, By Application
7. Europe NGS Services Market, By Geography
Europe
8. Europe NGS Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Market Size And Trends
Market Size And Trends is a leading Europe Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.marketsizeandtrends.com/