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Next Generation Sequencing Market Size By Product Type (Instruments, Consumables, Services), By Application (Research Application, Clinical Application {Cardiovascular, Reproductive Health, Cancer, Infectious Diseases}), By Type (Whole Genome Sequencing, Exome Sequencing, Targeted Sequencing), By Technology (Sequencing by Synthesis, Ion Semiconductor Sequencing), By End-use (Academic Institutes & Research Centers, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI3247
  • Published Date: Feb 2021
  • Report Format: PDF

Industry trends

Next Generation Sequencing Market size was valued more than USD 5.8 billion in 2020 and is expected to witness a 21.2% CAGR from 2021 to 2027. Improving reimbursement and regulatory scenario for next generation sequencing based diagnostic tests will prove beneficial for the market growth. Favourable funding scenario for genomics research across the globe will provide lucrative growth opportunities. Development of cost-effective next generation sequencing services and products for researchers accelerates the overall market expansion. Several market players such as Thermo Fisher, Illumina and others have geared up to fight against the COVID-19 outbreak with the help of genome sequencing.

Next Generation Sequencing Market Overview

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Next generation sequencing refers to large-scale DNA sequencing tools that help in exploration of whole genome. Next-generation sequencing (NGS) also called high-throughput sequencing is used to describe various modern sequencing technologies. These technologies allow for sequencing of RNA and DNA quickly than traditionally used Sanger sequencing.

Rising R&D activities for developing novel next generation sequencing technologies will boost the market revenue

Growing R&D activities for producing therapies utilized in treatment of genetic disorders will escalate the need for next generation sequencing method over the analysis period. Increasing investments in R&D activities and rising number of studies related to treatment of genetic disorders among individuals will create a huge market demand. Governments of developed economies have launched several policies and initiated acts for encouraging scientists and researchers to find solutions for treating chronic and rare ailments.

Consumables segment will dominate the market due to cost effectiveness and high replacement rate

The consumables segment dominated more than 60% of the next generation sequencing market share in 2020. Consumables have short durability, thus there is high replacement rate that upsurges the demand for consumables. Also, consumables are ordered in abundant quantity from several producers as it is proven as a cost-effective way for researchers as well as scientists that enhances the market value. Major industry manufacturers are taking numerous efforts in developing innovative consumables that will help researchers gain accurate results, augmenting the industry expansion.

Research application segment will observe substantial growth

The research application is anticipated to showcase around 21% growth rate till 2027. The researchers use whole genome, exome and targeted sequencing to develop medicines on several conditions such as cardiomyopathies, inherited cancer and retinitis pigmentosa impelling the market progression. Scientists have found out treatments and solutions even for the uncurable diseases with the usage of next generation sequencing techniques, creating strong demand in the market.

Several advantages associated with whole genome sequencing will spur the segment growth

Next Generation Sequencing Market Size

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The whole genome sequencing segment accounted for 27% of the next generation sequencing market share in 2020. Whole genome sequencing enables to identify, copy number of variants and has a wide range of approaches to examine and identify the impact of DNA sequence variations on human diversity, securing the market position. In addition, it captures large and small variants and identifies potential other variants for additional studies of gene expression, fuelling the market growth. Also, WGS delivers large volumes of data in a short time to help the assembly of novel genomes, surging its adoption rate.

Growing application of ion semiconductor sequencing technology will escalate the segment revenue

The ion semiconductor sequencing segment exceeded USD 697 million in 2020. Ion semiconductor sequencing technology is sophisticated, quick and cost effective as compared to other DNA sequencing technologies, influencing the segment progression. Similarly, ion semiconductor sequencing has several applications in transcriptome sequencing, exome sequencing, DNA and RNA sequencing, microbial genome sequencing, gene expression profiling, and viral and bacterial typing. Thus, wide range of applications of ion semiconductor sequencing technique will surge its industry growth.

Increasing advantages of next generation sequencing techniques in hospitals will drive its acceptance rate

The academic institutes & research centers end-use segment held 45% of the market share in 2020. Hospitals prefer next generation sequencing techniques due to their ability to provide clinical diagnosis in less time, favouring the market expansion. Also, next generation sequencing method can be used to gather the latest data and identification of transmission linkages to prevent infections across hospital settings that will prove beneficial for the market revenue.

Presence of leading industry players in North America region proves beneficial for the market value

North America Next Generation Sequencing Market

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North America next generation sequencing market is estimated to attain a CAGR of over 21% CAGR through 2027. Rising prevalence of cancer and genetic diseases will surge the adoption of advanced next generation sequencing instruments, fostering the market demand. Furthermore, various market leaders are focusing on developing technologically advanced next generation sequencing products that will escalate the industry value.

Strategic initiatives undertaken by key market participants have helped them to maintain their financial stability

Some of the prominent companies operating in the market include Agilent, BGI, Illumina, Qiagen, Roche and Thermo Fisher Scientific among others. These industry leaders are undertaking various growth strategies to garner higher revenue share in the industry.

The market research report of next generation sequencing includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

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Market, By Product Type, 2016-2027 (USD Million)

  • Instruments
  • Consumables
  • Services

Market, By Type, 2016-2027 (USD Million)

  • Whole genome sequencing
  • Exome sequencing
  • Targeted sequencing
  • Others

Market, By Application, 2016-2027 (USD Million)

  • Research application
  • Clinical application
  • Others

Market, By Technology, 2016-2027 (USD Million)

  • Sequencing by synthesis
  • Ion semiconductor sequencing
  • Others

Market, By End-use, 2016-2027 (USD Million)

  • Academic institutes & research centers
  • Hospitals & clinics
  • Pharmaceutical & biotechnology companies
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE


Authors: Rupali Swain, Subodh Kharad

Frequently Asked Questions (FAQ) :

Next generation sequencing market revenue surpassed USD 5.8 billion in 2020 and will grow at a CAGR of 21.2% CAGR through 2027.

Consumables segment captured over 60% of next generation sequencing industry share and will grow as they have a short life span and thus high replacement rate.

Next generation sequencing market revenue from research application will grow at a nearly 21% rate as it helps scientists to find treatment and solutions for varied diseases.

Whole genome sequencing segment held 27% of revenue share in 2020 and will expand substantially as it helps in delivering huge data in a short time for assembling novel genomes.

North America next generation sequencing industry size is set to grow at 21% CAGR through 2027 due to rising incidences of genetic diseases and cancer in the region.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 13
  • Tables & Figures: 359
  • Countries covered: 18
  • Pages: 218
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