Dublin, April 10, 2026 (GLOBE NEWSWIRE) — The “Next-Generation Sequencing Market by Product Type, Technology, Workflow, Services, Application – Global Forecast to 2030” has been added to ResearchAndMarkets.com’s offering.
The next-generation sequencing (NGS) market is projected to achieve significant growth, with expectations to reach USD 29.53 billion by 2030 from USD 14.94 billion in 2025, growing at a CAGR of 14.6%. This surge is primarily driven by the expanding application of NGS in fields like oncology, infectious diseases, reproductive health, metagenomics, and personalized medicine. Enhanced bioinformatics tools are making data analysis more accessible, enabling broader adoption of NGS technologies.
Consumables Dominate Product Segment in 2024
Within the NGS market, products are categorized into consumables, platforms, and bioinformatics tools. In 2024, consumables are anticipated to maintain the largest share, comprising reagents, library preparation kits, sequencing flow cells, and sample preparation kits, which are essential and purchased regularly. Rising demand for targeted sequencing and custom panels is fueling this segment, alongside ongoing improvements in sequencing chemistries that enhance workflows and data quality.
Academic & Research Institutes Lead Services End-User Segment
In 2024, academic and research institutes are expected to dominate the services end-user segment in the NGS market, supported by substantial government and private funding for NGS-related instruments and consumables. Pharmaceutical and biotechnology companies rank as the second-largest end-user segment, reflecting substantial investment and interest in NGS technologies.
Asia Pacific: Fastest Growing Region
The Asia Pacific region is forecasted to exhibit the highest CAGR from 2025 to 2030, driven by large-scale genomic projects and the rising need for precision medicine. The prevalence of rare and genetic diseases is increasing, particularly in Japan and China, where aging populations are contributing factors. Such dynamics are encouraging the adoption of sequencing technologies, bolstering healthcare management and market growth.
Research Coverage and Insights
The report extensively covers key factors influencing NGS market growth, including major drivers, challenges, opportunities, and restraints. Additionally, it analyzes key industry players, providing insights into their business strategies, product/services portfolio, and recent developments. Market leaders and newcomers will find valuable approximations of revenue and competitive landscape insights, enabling better positioning and strategy formulation. Critical market dynamics such as advancements in sequencing platforms, precision medicine demand, and declining sequencing costs are explored, offering a comprehensive understanding of the market’s trajectory.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 715 |
| Forecast Period | 2025-2030 |
| Estimated Market Value (USD) in 2025 | $14.94 Billion |
| Forecasted Market Value (USD) by 2030 | $29.53 Billion |
| Compound Annual Growth Rate | 14.6% |
| Regions Covered | Global |
Market Dynamics
- Drivers
- Advancements in Sequencing Platforms
- Rising Clinical Applications of Sequencing
- Growing Demand for Precision Medicine
- Declining Costs of Sequencing
- Restraints
- Data Analysis Complexity
- High Capital Investments and Expenses
- Opportunities
- Integration of AI and ML
- Adoption of Long-Read Sequencing Technologies
- Emphasis on Multiomics Integration
- Challenges
Company Profiles
- Illumina, Inc.
- Thermo Fisher Scientific Inc.
- Agilent Technologies, Inc.
- F. Hoffmann-La Roche Ltd.
- Qiagen
- Danaher Corporation
- Revvity
- Eurofins Scientific
- Pacbio
- Oxford Nanopore Technologies PLC
- Takara Bio Inc.
- Bgi Group
- Bd
- 10X Genomics
- Promega Corporation
- Lgc Limited
- Wuxi Biologics
- Tecan Trading AG
- Twist Bioscience
- Azenta US Inc.
- Mgi Tech Co. Ltd.
- Novogene Co. Ltd.
- New England Biolabs
- Genscript
- Psomagen
- Zymo Research Corporation
- Hamilton Company
- Neogenomics Laboratories
- Fulgent Genetics
- Sd Biosensor, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/9o1f7t
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- Next-Generation Sequencing Market
