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Global Next Generation Sequencing (NGS) Market to 2032

Overview

The Global Next Generation Sequencing (NGS) Market is expected to reach a 46,939.97 USD Billion by 2032 and is projected to grow at a CAGR of 21.84% from 2025 to 2032.

Revenue, 2024 (USD Billion)
15,232.08
Forecast, 2032 (USD Billion)
46,939.97
CAGR, 2024 - 2032
21.84%
Report Coverage
Global

Global Next Generation Sequencing (NGS) Market 2018-2032 USD Billion

Global Next Generation Sequencing (NGS) Market, Key Findings (2025-2032)

Market Growth and Projections:

  • Market Size (2024): 15,232.08 USD Billion
  • Projected Market Size (2032): 46,939.97 USD Billion
  • CAGR (2025-2032): 21.84%

Key Findings of Global Next Generation Sequencing (NGS) Market

  • The Global Next Generation Sequencing (NGS) Market was valued at 15,232.08 USD Billion in 2024.
  • The Global Next Generation Sequencing (NGS) Market is likely to grow at a CAGR of 21.84% during the forecast period of 2024 to 2032.
  • In 2024, the Largest segment Precision Medicine in Application Segment accounted for the largest share of the market with a revenue of 15,232.08 USD Billion
  • The fastest growing segment Services in Product & Service Segment grew Fastest with a CAGR of 23.09% during the forecast period from 2024 to 2032.

Global Next Generation Sequencing (NGS) Market Scope

Global Next Generation Sequencing (NGS) Market Segmentation & Scope
Distribution Channel
  • Others
  • Retail Sales
  • Direct Tender
End User
  • Others
  • Contract Research Organizations (CROS)
  • Clinical Laboratories
  • Hospitals & Clinics
  • Academic & Research Institutes
  • Pharmaceutical & Biotechnology Companies
Application
  • Others
  • Food Pathogen Screening
  • Agricultural & Animal Research
  • Diagnostics
  • Pharmaceuticals Microbiology
  • Precision Medicine
  • Drug & Biomarker Discovery
Product & Service
  • Instruments
  • Services
  • Consumables
Technology
  • Others
  • Sequencing By Ligation (SBL)
  • Sequencing By Synthesis (SBS)

Global Next Generation Sequencing (NGS) Market Data Coverage Insights

Study Period 2024-2032
Base Year 2020
Unit Revenue in USD Billion
Market Value in 2024 15,232.08 USD Billion
Market Value in 2032 46,939.97 USD Billion
CAGR (2025-2032) 21.84%
Historic Data 2016-2023
Market Segments Covered Distribution Channel,End User,Application,Product & Service,Technology

Regional Insights:

  • Leading Market (2024-2032): Global, leading in terms of revenue 15,232.08 USD Billion in 2024
    • Key Country: U.S., leading in terms of revenue with value of 2,402.91 USD Billion in 2024.

Segments and Scope

  • Global Next Generation Sequencing (NGS) Market to 2032, By Distribution Channel
    • Direct Tender is the largest segment in Global Next Generation Sequencing (NGS) Market to 2032 with a revenue of 9,424.16 USD Billion in the year 2024.
    • Direct Tender is the Fastest growing segment in Global Next Generation Sequencing (NGS) Market to 2032 with a Growth rate of 21.91 % in forecast period 2025-2032.
  • Global Next Generation Sequencing (NGS) Market to 2032, By End User
    • Pharmaceutical & Biotechnology Companies is the largest segment in Global Next Generation Sequencing (NGS) Market to 2032 with a revenue of 6,309.10 USD Billion in the year 2024.
    • Pharmaceutical & Biotechnology Companies is the Fastest growing segment in Global Next Generation Sequencing (NGS) Market to 2032 with a Growth rate of 22.37 % in forecast period 2025-2032.
  • Global Next Generation Sequencing (NGS) Market to 2032, By Application
    • Precision Medicine is the largest segment in Global Next Generation Sequencing (NGS) Market to 2032 with a revenue of 15,232.08 USD Billion in the year 2024.
    • Pharmaceuticals Microbiology is the Fastest growing segment in Global Next Generation Sequencing (NGS) Market to 2032 with a Growth rate of 21.84 % in forecast period 2025-2032.
  • Global Next Generation Sequencing (NGS) Market to 2032, By Product & Service
    • Consumables is the largest segment in Global Next Generation Sequencing (NGS) Market to 2032 with a revenue of 7,920.31 USD Billion in the year 2024.
    • Services is the Fastest growing segment in Global Next Generation Sequencing (NGS) Market to 2032 with a Growth rate of 21.28 % in forecast period 2025-2032.
  • Global Next Generation Sequencing (NGS) Market to 2032, By Technology
    • Sequencing By Synthesis (SBS) is the largest segment in Global Next Generation Sequencing (NGS) Market to 2032 with a revenue of 9,481.47 USD Billion in the year 2024.
    • Sequencing By Synthesis (SBS) is the Fastest growing segment in Global Next Generation Sequencing (NGS) Market to 2032 with a Growth rate of 21.91 % in forecast period 2025-2032.

Global Next Generation Sequencing (NGS) Market Company Share Analysis

 
Company Name Company Share Analysis
Merck KGaA
Thermo Fisher Scientific Inc.
QIAGEN
Charles River Laboratories
Global Next Generation Sequencing (NGS) Market Company Share Analysis

Global Next Generation Sequencing (NGS) Market Geographical Sales Distribution, 2018-2032 USD Billion

Global Next Generation Sequencing (NGS) Market Geographical Sales Distribution, 2018-2032 USD Billion

Global Next Generation Sequencing (NGS) Market Company Profiling

Global Next Generation Sequencing (NGS) Market Company Profiling

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Frequently Asked Questions
The Global Next Generation Sequencing (NGS) Market is segmented based on Segmentation Distribution Channel,End User,Application,Product & Service,Technology.
Global Next Generation Sequencing (NGS) Market was valued at USD 15,232.08(Revenue in USD Billion) in 2020.
Global Next Generation Sequencing (NGS) Market is projected to grow at a CAGR of 21.84% during the forecast period of 2024 to 2032.
The Precision Medicine segment is expected to dominate the Global Next Generation Sequencing (NGS) Market, holding a largest market share of 15,232.08 USD Billion in 2024

Coming Soon....

Global Next Generation Sequencing (NGS) Market Scope

Global Next Generation Sequencing (NGS) Market Segmentation & Scope
Distribution Channel
  • Others
  • Retail Sales
  • Direct Tender
End User
  • Others
  • Contract Research Organizations (CROS)
  • Clinical Laboratories
  • Hospitals & Clinics
  • Academic & Research Institutes
  • Pharmaceutical & Biotechnology Companies
Application
  • Others
  • Food Pathogen Screening
  • Agricultural & Animal Research
  • Diagnostics
  • Pharmaceuticals Microbiology
  • Precision Medicine
  • Drug & Biomarker Discovery
Product & Service
  • Instruments
  • Services
  • Consumables
Technology
  • Others
  • Sequencing By Ligation (SBL)
  • Sequencing By Synthesis (SBS)
Frequently Asked Questions
The Global Next Generation Sequencing (NGS) Market is segmented based on Segmentation Distribution Channel,End User,Application,Product & Service,Technology.
Global Next Generation Sequencing (NGS) Market was valued at USD 15,232.08(Revenue in USD Billion) in 2020.
Global Next Generation Sequencing (NGS) Market is projected to grow at a CAGR of 21.84% during the forecast period of 2024 to 2032.
The estimated market value of the Global Next Generation Sequencing (NGS) Market for final year is USD 46,939.97 (USD Billion).

Global Next Generation Sequencing (NGS) Market Company Profiling

Global Next Generation Sequencing (NGS) Market Company Profiling
Frequently Asked Questions
The Global Next Generation Sequencing (NGS) Market is segmented based on Segmentation Distribution Channel,End User,Application,Product & Service,Technology.
Global Next Generation Sequencing (NGS) Market was valued at USD 15,232.08(Revenue in USD Billion) in 2020.
Global Next Generation Sequencing (NGS) Market is projected to grow at a CAGR of 21.84% during the forecast period of 2024 to 2032.
The estimated market value of the Global Next Generation Sequencing (NGS) Market for final year is USD 46,939.97 (USD Billion).

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