Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10 Billion | USD 40 Billion | 18.9% | 2022 |
FrequentlyAsked Questions
Next generation sequencing (NGS) has transformed genomic research by enabling high-throughput and low-cost DNA and RNA sequencing. Unlike traditional Sanger sequencing, next-generation sequencing (NGS) allows for the parallel sequencing of millions of DNA fragments, allowing researchers to investigate complete genomes, transcriptomes, and epigenomes at unprecedented speed and depth.
The global next generation sequencing (NGS) market cap may grow owing to the due to the growing precision medicine usage and the expansion of NGS applications in clinical diagnosis and research.
According to study, the global next generation sequencing (NGS) market size was worth around USD 10 billion in 2022 and is predicted to grow to around USD 40 billion by 2030.
The CAGR value of the global next generation sequencing (NGS) market is expected to be around 18.9% during 2023-2030.
The global next generation sequencing (NGS) market growth is expected to be driven by Asia Pacific. Because of the rising usage of NGS technology in genomics research and clinical applications across the area, it is now the world's greatest revenue-generating market.
The global next generation sequencing (NGS) market is led by players like Illumina, Inc, Thermo Fisher Scientific, Inc., Roche Holdings AG (Roche Sequencing), Pacific Biosciences of California, Inc., BGI Group, Oxford Nanopore Technologies, Ltd., Qiagen N.V., PerkinElmer, Inc.Agilent Technologies, Inc., and Bio-Rad Laboratories, Inc.
The report analyzes the global next generation sequencing (NGS) market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Next Generation Sequencing (NGS) industry.
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