NGS Services Market Size, Share 2024

This research report provides a comprehensive analysis of the NGS Services market, focusing on the current trends, market dynamics, and future prospects. The report explores the global NGS Services market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of NGS Services, challenges faced by the industry, and potential opportunities for market players.

The global NGS Services market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The NGS Services market presents opportunities for various stakeholders, including Oncology, Lung cancer. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in NGS Services market. Additionally, the growing consumer demand present avenues for market expansion.

The global NGS Services market was valued at US$ 1340.7 million in 2023 and is projected to reach US$ 4683.3 million by 2030, at a CAGR of 19.4% during the forecast period.

Next-Generation Sequencing (NGS) services refer to a wide range of techniques and methodologies used for DNA or RNA sequencing. NGS has revolutionized genomics research by enabling high-throughput, cost-effective sequencing of entire genomes, exomes, transcriptomes, and other genomic regions.

NGS services typically involve the following steps:

Library preparation: In this step, DNA or RNA samples are processed to create libraries of fragments that will be sequenced. This can involve fragmentation, adapter ligation, PCR amplification, and other methods to prepare the samples for sequencing.

Sequencing: The prepared libraries are loaded onto NGS instruments, such as Illumina's HiSeq, NovaSeq, or MiSeq systems. These instruments use different sequencing chemistries and technologies to generate millions or billions of short DNA or RNA sequences in parallel.

Data generation: During sequencing, the instruments generate raw data in the form of sequence reads. The length and number of reads depend on the specific NGS platform and experimental design. These raw data files are usually stored in FASTQ format.

Data analysis: After data generation, the raw sequencing data needs to be processed and analyzed to extract meaningful biological information. This involves several bioinformatics steps, including read alignment, variant calling, gene expression analysis, and functional annotation, depending on the research objectives.

Data interpretation: Once the data is analyzed, researchers can interpret the results in the context of their specific research questions. This may involve identifying genetic variants, detecting gene expression changes, studying epigenetic modifications, or investigating microbial diversity, among other applications.

NGS services are widely used in various fields, including genomics research, clinical diagnostics, agriculture, and forensics. They have greatly advanced our understanding of genetic variation, disease mechanisms, and personalized medicine. Many academic institutions, research centers, and commercial providers offer NGS services to facilitate genomic research and applications.

Key Features:

The research report on the NGS Services market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.

Executive Summary: The report provides overview of the key findings, market trends, and major insights of the NGS Services market.

Market Overview: The report provides a comprehensive overview of the NGS Services market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., RNA-Seq, Exome), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.

Market Dynamics: The report analyses the market dynamics driving the growth and development of the NGS Services market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the NGS Services market's trajectory.

Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the NGS Services market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments.

Market Segmentation and Forecast: The report segment the NGS Services market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.

Technological Trends: The report should highlight the key technological trends shaping the NGS Services market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.

Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the NGS Services market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.

Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for NGS Services, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.

Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the NGS Services market.

Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.

Market Segmentation

NGS Services market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type

RNA-Seq

Exome

Market segment by Application

Oncology

Lung cancer

Breast cancer

Prostate cancer

Colorectal cancer

Others

Global NGS Services Market Segment Percentages, By Region and Country, 2023 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Major players covered

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

Outline of Major Chapters:

Chapter 1: Introduces the definition of NGS Services, market overview.

Chapter 2: Global NGS Services market size in revenue.

Chapter 3: Detailed analysis of NGS Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of NGS Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: The main points and conclusions of the report.