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 NGS (Next Generation Sequencing) Services Market was valued at approximately USD 7.6 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 12.4% from 2023 to 2030. This rapid growth can be attributed to the increasing adoption of NGS technologies for genomic research, personalized medicine, and disease diagnostics. The market is driven by advancements in sequencing technologies and a rising demand for genetic data in healthcare, biotechnology, and pharmaceutical industries. Additionally, the growing applications of NGS in cancer genomics, reproductive health, and drug development are contributing significantly to the markets expansion.
Regionally, North America holds the largest market share, accounting for over 40% of the global NGS Services Market in 2022, due to the regions strong healthcare infrastructure, high investment in research, and availability of advanced genomic technologies. The European market is also expected to show significant growth, with an estimated CAGR of 11.8%, driven by increasing government funding in genomics research and healthcare innovation. The Asia Pacific region is expected to witness the fastest growth, with a projected CAGR of 15.2% from 2023 to 2030, fueled by expanding healthcare services and an increasing number of academic and research collaborations in the region. Latin America and the Middle East & Africa are expected to grow at moderate rates, with rising awareness and healthcare investments.
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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
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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. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 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
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global NGS Services Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global NGS Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global NGS Services Market, By Type
6. Global NGS Services Market, By Application
7. Global NGS Services Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global NGS Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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