Global Next-Generation Sequencing (NGS) Services Market – Industry Trends and Forecast to 2029

Global Next-Generation Sequencing (NGS) Services Market, By Type (Targeted Sequencing/Gene Panels, RNA-Sequencing, De Novo Sequencing, Exome Sequencing, CHiP-Sequencing, Whole-genome Sequencing, Methyl-Sequencing, Other Services), Technology (Sequencing by Synthesis, Ion Semiconductor Sequencing, Single-Molecule Real-time Sequencing, Nanopore Sequencing), Application (Diagnostics, Drug Discovery, Biomarker Discovery, Microbial Genetics, Agriculture, and Animal Research, Other Applications), End User (Academic and Government Institutes and Research Centers, Hospitals and Clinics, Pharmaceutical and Biotechnology Companies, Other End Users) – Industry Trends and Forecast to 2029.

Data Bridge Market Research analyses that the next-generation sequencing (NGS) services market is expected to undergo a CAGR of 22.00% during the forecast period. This indicates that the market value, which was USD 6,588.68 million in 2021, would rocket up to USD 32,335.31 million by 2029. “Whole-genome Sequencing” dominates the type segment of the next-generation sequencing (NGS) services market owing to increasing number of hospitals and research laboratories in the developing regions and numerous initiatives undertaken by universities, academic and research institutions and research establishments for utilizing this technology in identifying root cause of diseases. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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**Segments**

- **Service Type**: Next-Generation Sequencing (NGS) services market can be segmented based on service type into targeted sequencing, RNA-Seq, exome sequencing, de novo sequencing, chip-Seq, and others. Targeted sequencing offers accurate and cost-effective DNA sequencing solutions. RNA-Seq is vital for understanding gene expression and can provide insights into different biological processes. Exome sequencing focuses on coding regions of the genome. De novo sequencing is used for organisms with no reference genome available. Chip-Seq enables the mapping of protein-DNA interactions.

- **Technology**: The market can also be segmented based on technology, including sequencing by synthesis (SBS), ion semiconductor sequencing, sequencing by ligation (SBL), and nanopore sequencing. SBS is a widely adopted technology that relies on fluorescently labeled nucleotides. Ion semiconductor sequencing involves the detection of hydrogen ions released during DNA replication. SBL uses DNA ligases to link nucleotides. Nanopore sequencing is a disruptive technology offering real-time, long-read sequencing capabilities.

- **Application**: NGS services market segmentation by application includes diagnostics, drug discovery, biomarker discovery, agriculture and animal research, and others. Diagnostics applications involve the identification of genetic mutations associated with various diseases. Drug discovery utilizes NGS for target identification and validation. Biomarker discovery aims to find molecular indicators of biological processes. Agricultural and animal research leverages NGS for breeding, disease resistance, and genetic improvement.

**Market Players**

- **Illumina, Inc.**: A dominant player in the NGS services market, offering a wide range of sequencers and consumables. Illumina's technology is renowned for its accuracy, scalability, and reliability, making it a top choice for many research institutions and biopharmaceutical companies.

- **Thermo Fisher Scientific, Inc.**: Known for its Ion Torrent semiconductor sequencing technology, Thermo Fisher Scientific provides integrated solutions for NGS services. The company's focus on innovationIllumina, Inc. and Thermo Fisher Scientific, Inc. are two key players in the Next-Generation Sequencing (NGS) services market, each contributing significantly to the growth and development of the industry. Illumina, Inc. stands out as a dominant force in the field, known for its comprehensive range of sequencers and consumables that cater to the diverse needs of researchers and biopharmaceutical companies. The company's technology is highly regarded for its precision, scalability, and reliability, making it a preferred choice for many institutions and organizations engaged in genetic research and sequencing projects. Illumina's consistent focus on innovation and product development has allowed it to maintain its competitive edge in the market, continually introducing new solutions and services that address evolving customer demands and technological advancements.

On the other hand, Thermo Fisher Scientific, Inc. has carved a niche for itself in the NGS services market with its expertise in Ion Torrent semiconductor sequencing technology. The company offers integrated solutions that encompass a wide range of products and services tailored to support various NGS applications and research objectives. Thermo Fisher Scientific's commitment to innovation and technological advancement reflects in its ability to provide cutting-edge tools and methodologies that enable researchers to achieve groundbreaking results in genomics and molecular biology. The company's emphasis on delivering high-quality, reliable solutions has contributed to its reputation as a trusted partner for NGS services, attracting a loyal customer base and establishing strong relationships within the scientific community.

Both Illumina, Inc. and Thermo Fisher Scientific, Inc. play pivotal roles in driving the growth of the NGS services market through their ongoing efforts to enhance sequencing technologies, expand service offerings, and facilitate groundbreaking research initiatives. Their contributions not only shape the competitive landscape of the industry but also set benchmarks for excellence and innovation that inspire advancements across the genomics and biotechnology sectors. As key market players, Illumina and Thermo Fisher Scientific exemplify the dedication and ingenuity required to propel the field of next-generation sequencing forward, opening up new**Global Next-Generation Sequencing (NGS) Services Market Analysis**:

- **Segments**:
The Next-Generation Sequencing services market is segmented based on service type into targeted sequencing, RNA-Seq, exome sequencing, de novo sequencing, chip-Seq, and others. Each service type caters to specific research needs, such as accurate DNA sequencing with targeted sequencing, gene expression analysis with RNA-Seq, and mapping protein-DNA interactions with chip-Seq. The market is also segmented by technology, including sequencing by synthesis, ion semiconductor sequencing, sequencing by ligation, and nanopore sequencing, each offering unique capabilities and applications. Furthermore, segmentation by application covers diagnostics, drug discovery, biomarker discovery, agriculture and animal research, among others, showcasing the diverse uses of NGS services across various industries.

- **Market Players**:
Illumina, Inc. and Thermo Fisher Scientific, Inc. are standout players in the NGS services market, with Illumina known for its comprehensive range of sequencers and Thermo Fisher Scientific for its expertise in ion semiconductor sequencing technology. Both companies contribute significantly to market growth through innovation and product development, meeting the evolving demands of researchers and biopharmaceutical companies. Their commitment to quality and reliability establishes them as trusted partners in the scientific community. Illumina's focus on accuracy and scalability, coupled with Thermo Fisher Scientific's emphasis on integration and innovation, solidifies their positions as key market players driving advancements in NGS technology and services

Core Objective of Next-Generation Sequencing (NGS) Services Market:

Every firm in the Next-Generation Sequencing (NGS) Services Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

• Size of the Next-Generation Sequencing (NGS) Services Market and growth rate factors.
• Important changes in the future Next-Generation Sequencing (NGS) Services Market.
• Top worldwide competitors of the Market.
• Scope and product outlook of Next-Generation Sequencing (NGS) Services Market.
• Developing regions with potential growth in the future.
• Tough Challenges and risk faced in Market.
• Global Next-Generation Sequencing (NGS) Services top manufacturers profile and sales statistics.

Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Next-Generation Sequencing (NGS) Services Market

Chapter 3: Regional analysis of the Global Next-Generation Sequencing (NGS) Services Market industry

Chapter 4: Next-Generation Sequencing (NGS) Services Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

How the Report Aids Your Business Discretion?

• This section of this Market report highlights some of the most relevant factors and growth enablers that collectively ensure a high-end growth spurt
• The report unravels details on pronounced share assessments across both country-wise as well as region-based segments
• A leading synopsis of market share analysis of dynamic players inclusive of high-end industry veterans
• New player entry analysis and their scope of new business models
• The report includes strategic recommendations for new business veterans as well as established players seeking novel growth avenues
• A detailed consultation services based on historical as well as current timelines to ensure feasible forecast predictions
• A thorough evaluation and detailed study of various segments as well as sub-segments across regional and country-specific developments
• Details on market estimations, market size, dimensions
• A review of market competitors, their high-end product and service portfolios, dynamic trends, as well as technological advances that portray high end growth in this Market

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