Global Next-generation Sequencing Data Analysis Market Size & Outlook

The next-generation sequencing data analysis industry worldwide is expected to reach a projected revenue of US$ 3,453.0 million by 2030. A compound annual growth rate of 23.1% is expected of the worldwide next-generation sequencing data analysis industry from 2025 to 2030.
Revenue, 2024 (US$M)
$999.4
Forecast, 2030 (US$M)
$3,453.0
CAGR, 2025 - 2030
23.1%
Report Coverage
Worldwide

Global next-generation sequencing data analysis market, 2018-2030 (US$M)

Related Markets

Global next-generation sequencing data analysis market highlights

  • The global next-generation sequencing data analysis market generated a revenue of USD 999.4 million in 2024 and is expected to reach USD 3,453.0 million by 2030.
  • The market is expected to grow at a CAGR (2025 - 2030) of 23% by 2030.
  • In terms of segment, services accounted for a revenue of USD 540.7 million in 2024.
  • Services is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2024.
  • Country-wise, Thailand is expected to register the highest CAGR from 2025 to 2030.

Global data book summary

Market revenue in 2024USD 999.4 million
Market revenue in 2030USD 3,453.0 million
Growth rate23% (CAGR from 2024 to 2030)
Largest segmentServices
Fastest growing segmentServices
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationServices, NGS Commercial Software

Other key industry trends

  • In terms of revenue, the North America accounted for 49.4% of the global next-generation sequencing data analysis market in 2024.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Thailand is the fastest growing regional market and is projected to reach USD 12.8 million by 2030.

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Next-generation Sequencing Data Analysis Market Companies

Name Profile # Employees HQ Website

Global next-generation sequencing data analysis 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 next-generation sequencing data analysis market will help companies and investors design strategic landscapes.


Services was the largest segment with a revenue share of 54.1% in 2024. Horizon Databook has segmented the Global next-generation sequencing data analysis market based on services, ngs commercial software covering the revenue growth of each sub-segment from 2018 to 2030.


Increasing adoption of cloud-based solutions that effectively and robustly manage parallelization and distribution of input data and user codes on many computer nodes are expected to contribute to market growth. Cloud computing provides advantage of performing tasks across different parallel computing nodes and processors coupled with significant reduction in waiting time.


Introduction of cloud-computing environment for processing NGS-generated data has played a significant role in driving the adoption of NGS data analysis solutions. It is observed that cloud computing works efficiently for data analysis with respect to performance and cost effectiveness.


Although large institutes and established market players can afford to procure software licenses and have a well-established infrastructure, smaller firms and research entities find it difficult to implement these solutions due to lack of financial resources and infrastructure support. Hence, companies such as Microsoft, Google, and Amazon offer solutions for computational power, which are required for storage and analysis of this data.

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Horizon Databook provides a detailed overview of global-level data and insights on the Global next-generation sequencing data analysis market , including forecasts for subscribers. This global databook contains high-level insights into Global next-generation sequencing data analysis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global next-generation sequencing data analysis market size, by regions, 2018-2030 (US$M)

Top 10 countries: Next-generation sequencing data analysis market size, 2024 (US$M)

Global next-generation sequencing data analysis market share, by product, 2024 & 2030 (%, US$M)

Next-generation sequencing data analysis market: Opportunity assessment by country

Global next-generation sequencing data analysis market, by region, 2024 (US$M)

Global next-generation sequencing data analysis market size, by regions, 2018-2030 (US$M)

Product 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 CAGR
North America 238.8 267.0 300.9 357.4 374.3 403.2 493.5 605.5 744.6 917.9 1,134.1 1,404.7 1,744.1 23.4%
Europe 152.4 170.0 191.1 226.4 236.5 254.2 310.3 379.8 465.9 572.9 706.2 872.6 1,080.8 23.1%
Asia Pacific 79.7 88.2 98.3 115.5 119.7 127.5 154.4 187.4 228.0 278.0 339.7 416.2 511.1 22.1%
Latin America 15.3 16.7 18.3 21.2 21.6 22.6 27.0 32.1 38.3 45.8 54.9 65.8 79.1 19.7%
MEA 8.7 9.3 10.2 11.6 11.7 12.1 14.3 16.8 19.7 23.2 27.3 32.2 38.0 17.7%
Overall 494.8 551.2 618.8 732.2 763.8 819.6 999.4 1,221.5 1,496.5 1,837.8 2,262.2 2,791.5 3,453.0 23.0%

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