Global Next Generation Sequencing Products Market Size & Outlook
Global next generation sequencing products market, 2018-2030 (US$M)
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Global next generation sequencing products market highlights
- The global next generation sequencing products market generated a revenue of USD 8,053.5 million in 2023 and is expected to reach USD 31,537.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 21.5% by 2030.
- In terms of segment, consumables accounted for a revenue of USD 5,965.6 million in 2023.
- Consumables 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 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 8,053.5 million |
| Market revenue in 2030 | USD 31,537.3 million |
| Growth rate | 21.5% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Platforms, Consumables |
Other key industry trends
- In terms of revenue, the North America accounted for 47.2% of the global next generation sequencing products market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 285.7 million by 2030.
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Next Generation Sequencing Products Market Scope
Next Generation Sequencing Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global next generation sequencing products 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 products market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 74.07% in 2023. Horizon Databook has segmented the Global next generation sequencing products market based on platforms, consumables covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Next Generation Sequencing Products Product Outlook (Revenue, USD Million, 2018-2030)
- Platforms
- Sequencing
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Data Analysis
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Sequencing
- Consumables
- Sample Preparation
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Target Enrichment
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Others
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Sample Preparation
- Platforms
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Target buyers of Global next generation sequencing products market databook
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Our clientele includes a mix of next generation sequencing products market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global next generation sequencing products market , including forecasts for subscribers. This global databook contains high-level insights into Global next generation sequencing products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global next generation sequencing products market size, by region, 2018-2030 (US$M)
Top 10 countries: Next generation sequencing products market size, 2023 (US$M)
Global next generation sequencing products market share, by product, 2023 & 2030 (%, US$M)
Next generation sequencing products market: Opportunity assessment by country
Global next generation sequencing products market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 216.9 | 234.3 | 268.5 | 300.7 | 344.1 | 400.1 | 465.9 | 542.5 | 631.9 | 736.2 | 857.6 | 998.7 | 1,162.5 | 17.2% |
| Europe | 989.8 | 1,094.9 | 1,286.2 | 1,478.0 | 1,737.8 | 2,078.8 | 2,492.7 | 2,994.5 | 3,603.9 | 4,345.2 | 5,248.6 | 6,351.2 | 7,699.4 | 17.5% |
| North America | 1,731.2 | 1,931.8 | 2,289.1 | 2,653.6 | 3,147.7 | 3,798.8 | 4,595.7 | 5,570.3 | 6,764.2 | 8,229.3 | 10,030.4 | 12,248.4 | 14,984.7 | 18.1% |
| MEA | 95.8 | 103.8 | 119.2 | 133.8 | 153.6 | 179.2 | 209.3 | 244.6 | 286.0 | 334.6 | 391.6 | 458.3 | 536.4 | 17.4% |
| Asia Pacific | 657.7 | 749.5 | 906.6 | 1,072.4 | 1,297.5 | 1,596.6 | 1,968.9 | 2,431.7 | 3,008.0 | 3,726.6 | 4,624.3 | 5,747.3 | 7,154.4 | 24.6% |
| Overall | 3,691.4 | 4,114.3 | 4,869.6 | 5,638.5 | 6,680.7 | 8,053.5 | 9,732.4 | 11,783.6 | 14,294.0 | 17,372.0 | 21,152.4 | 25,803.9 | 31,537.3 | 21.5% |
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