Global Clinical Oncology Next Generation Sequencing Market Size & Outlook

The clinical oncology next generation sequencing industry worldwide is expected to reach a projected revenue of US$ 1,166.7 million by 2030. A compound annual growth rate of 15.4% is expected of the worldwide clinical oncology next generation sequencing industry from 2023 to 2030.
Revenue, 2022 (US$M)
$370.0
Forecast, 2030 (US$M)
$1,166.7
CAGR, 2023 - 2030
15.4%
Report Coverage
Worldwide

Global clinical oncology next generation sequencing market highlights

  • The global clinical oncology next generation sequencing market generated a revenue of USD 370.0 million in 2022 and is expected to reach USD 1,166.7 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 15.4% by 2030.
  • In terms of segment, targeted sequencing and resequencing accounted for a revenue of USD 269.1 million in 2022.
  • Whole Genome Sequencing is the most lucrative technology segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2022.
  • Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 370.0 million
Market revenue in 2030USD 1,166.7 million
Growth rate15.4% (CAGR from 2022 to 2030)
Largest segmentTargeted sequencing and resequencing
Fastest growing segmentWhole Genome Sequencing
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationWhole Genome Sequencing, Whole Exome Sequencing, Targeted Sequencing and Resequencing

Other key industry trends

  • In terms of revenue, the North America accounted for 48.7% of the global clinical oncology next generation sequencing market in 2022.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, South Africa is the fastest growing regional market and is projected to reach USD 2.0 million by 2030.

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Clinical Oncology Next Generation Sequencing Market Companies

Name Profile # Employees HQ Website

Global clinical oncology next generation sequencing market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to clinical oncology next generation sequencing market will help companies and investors design strategic landscapes.


Targeted sequencing and resequencing was the largest segment with a revenue share of 72.73% in 2022. Horizon Databook has segmented the Global clinical oncology next generation sequencing market based on whole genome sequencing, whole exome sequencing, targeted sequencing and resequencing covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Clinical Oncology Next Generation Sequencing Technology Outlook (Revenue, USD Million, 2018-2030)
    • Whole Genome Sequencing
    • Whole Exome Sequencing
    • Targeted Sequencing and Resequencing
  • Global Clinical Oncology Next Generation Sequencing Workflow Outlook (Revenue, USD Million, 2018-2030)
    • NGS Pre-Sequencing
    • NGS Sequencing
    • NGS Data Analysis
  • Global Clinical Oncology Next Generation Sequencing Application Outlook (Revenue, USD Million, 2018-2030)
    • Companion Diagnostics
    • Others
    • Screening
      • Sporadic Cancer
      • Inherited Cancer
  • Global Clinical Oncology Next Generation Sequencing End Use Outlook (Revenue, USD Million, 2018-2030)
    • Hospitals
    • Clinics
    • Laboratories

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  • Our clientele includes a mix of clinical oncology next generation sequencing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global clinical oncology next generation sequencing market, including forecasts for subscribers. This global databook contains high-level insights into Global clinical oncology next generation sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global clinical oncology next generation sequencing ngs market size, by regions, 2018-2030 (US$M)

Top 10 countries: Clinical oncology next generation sequencing ngs market size, 2022 (US$M)

Global clinical oncology next generation sequencing ngs market share, by technology, 2022 & 2030 (%, US$M)

Clinical oncology next generation sequencing market: Opportunity assessment by country

Global clinical oncology next generation sequencing market, by region, 2022 (US$M)

Global clinical oncology next generation sequencing ngs market size, by regions, 2018-2030 (US$M)

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