NGS is widely used in infectious disease research to identify pathogens, monitor outbreaks, and study antimicrobial resistance. Its high sensitivity and accuracy make it an essential tool for public health surveillance.

Market Overview

The Next Generation Sequencing (NGS) market is witnessing strong growth as genomics becomes central to modern healthcare and biomedical research. The market is projected to expand from US$ 10.00 billion in 2023 to US$ 34.75 billion by 2031, registering a CAGR of 16.8% during 2023–2031. Increasing sequencing throughput and declining costs remain key trends supporting market expansion. The growing adoption of NGS in clinical diagnostics, precision medicine, drug discovery, and infectious disease monitoring is significantly increasing its market value. As healthcare systems move toward personalized and data-driven treatment approaches, NGS is becoming an essential technology across the life sciences ecosystem.

Market Insights and Industry Analysis

Next Generation Sequencing enables rapid and high-throughput analysis of DNA and RNA, allowing researchers and clinicians to study genetic variations with greater speed and accuracy than traditional sequencing methods. The technology has transformed genomics research by making large-scale sequencing more accessible and cost effective.

The rising global burden of noncommunicable diseases is a major factor driving demand. According to global health estimates, noncommunicable diseases account for the majority of deaths worldwide, with cardiovascular diseases, cancer, respiratory diseases, and diabetes being the leading causes. NGS plays a critical role in early disease detection, risk assessment, and treatment selection, particularly in oncology where genomic profiling helps guide targeted therapies.

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Growth Drivers and Opportunities

Technological advancements in sequencing platforms are one of the primary growth drivers. Continuous improvements are focused on increasing speed, improving accuracy, reducing costs, and enhancing data analysis capabilities. These developments are enabling broader use of NGS across clinical genomics, infectious disease research, microbiome analysis, and population health studies.

The launch of high-capacity sequencing systems capable of processing thousands of genomes annually has significantly increased throughput. At the same time, new low-cost sequencing solutions are making whole genome analysis more accessible for research institutions and healthcare providers.

Another major opportunity lies in global public health initiatives. In 2024, the World Health Organization introduced new recommendations for the use of targeted NGS in diagnosing drug-resistant tuberculosis and launched a large genomic database to support research. Such initiatives are expected to expand the use of sequencing technologies for infectious disease surveillance and antimicrobial resistance monitoring.

Emerging technologies such as third-generation sequencing are also creating new growth avenues. These technologies enable long-read sequencing of single DNA molecules without amplification, improving the detection of complex genetic variations.

Segmental Analysis

Based on product type, the market is segmented into platforms, services, and consumables. The consumables segment accounted for the largest share in 2023 due to the recurring demand for reagents, kits, and sample preparation materials used in sequencing workflows.

By technology, the market includes genome sequencing, exome sequencing, and resequencing and targeted sequencing. Resequencing and targeted sequencing held the largest market share, driven by their widespread use in clinical diagnostics and disease-specific studies.

In terms of application, the market is divided into diagnostics, drug discovery, and precision medicine. The diagnostics segment dominated the market in 2023 as healthcare providers increasingly adopt NGS for cancer screening, genetic disorder testing, and infectious disease detection.

Based on end users, academic and research institutes held the largest share, supported by extensive genomic research programs and government funding. Pharmaceutical and biotechnology companies, along with hospitals and clinics, are also expanding their adoption of NGS for clinical and therapeutic applications.

Regional Analysis

North America dominated the global NGS market due to strong research infrastructure, advanced healthcare systems, and the presence of major industry players. Increasing government initiatives to control infectious diseases and support genomic research are further strengthening regional growth.

Asia Pacific is expected to register the highest growth rate during the forecast period. Rising investments in genomics, expanding healthcare infrastructure, and increasing research activities in countries such as China, India, and Japan are driving demand for sequencing technologies. The region’s large population base and growing disease burden are also contributing to rapid market expansion.

Market Trends

A key trend shaping the market is the continuous reduction in sequencing costs combined with increased throughput. High-capacity platforms now enable large-scale population genomics projects and clinical testing. Another important trend is the growing integration of NGS into routine clinical workflows for cancer diagnosis, rare disease detection, and infectious disease monitoring.

Strategic collaborations and partnerships among technology providers, research institutions, and healthcare organizations are also accelerating innovation and expanding global access to sequencing technologies.

Key Players

Major companies operating in the Next Generation Sequencing market include:

• Illumina, Inc.

• Thermo Fisher Scientific, Inc.

• QIAGEN N.V.

• Beijing Genomics Institute (BGI)

• PerkinElmer, Inc.

• F. Hoffmann-La Roche AG

• Agilent Technologies

• Eurofins Scientific

• Oxford Nanopore Technologies, Ltd.

• Macrogen, Inc.

These players focus on product innovation, high-throughput platforms, strategic partnerships, and global expansion to strengthen their competitive position.

Future Outlook

The future outlook for the Next Generation Sequencing market remains highly positive. Continued technological advancements, expanding clinical applications, and growing investments in precision medicine will sustain strong market growth through 2031. Increasing adoption of NGS in population genomics, infectious disease surveillance, and personalized healthcare will further expand its role in routine clinical practice. As sequencing becomes faster, more affordable, and more integrated with advanced data analytics, the technology is expected to become a foundational tool for modern healthcare, supporting early diagnosis, targeted treatment, and improved patient outcomes worldwide.

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