Global Next Generation Sequencing Services Market Size & Outlook
Global next generation sequencing services market, 2018-2030 (US$M)
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Global next generation sequencing services market highlights
- The global next generation sequencing services market generated a revenue of USD 5,892.9 million in 2023 and is expected to reach USD 24,484.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 22.6% by 2030.
- In terms of segment, human genome sequencing services accounted for a revenue of USD 1,818.4 million in 2023.
- Human Genome Sequencing Services is the most lucrative services type 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, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,892.9 million |
| Market revenue in 2030 | USD 24,484.4 million |
| Growth rate | 22.6% (CAGR from 2023 to 2030) |
| Largest segment | Human genome sequencing services |
| Fastest growing segment | Human Genome Sequencing Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Human Genome Sequencing Services, Single Cell Sequencing Services, Microbial Genome-based Sequencing Services, Gene Regulation Services, Animal & Plant Sequencing Services, Other Sequencing Services |
Other key industry trends
- In terms of revenue, the North America accounted for 45.9% of the global next generation sequencing services market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 14.8 million by 2030.
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Next Generation Sequencing Services Market Scope
Next Generation Sequencing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global next generation sequencing services 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 services market will help companies and investors design strategic landscapes.
Human genome sequencing services was the largest segment with a revenue share of 30.86% in 2023. Horizon Databook has segmented the Global next generation sequencing services market based on human genome sequencing services, single cell sequencing services, microbial genome-based sequencing services, gene regulation services, animal & plant sequencing services, other sequencing services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Next Generation Sequencing Services Services Type Outlook (Revenue, USD Million, 2018-2030)
- Human Genome Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Single Cell Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Microbial Genome-based Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Gene Regulation Services
- Small Rna Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Chip Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Other Gene Regulation-Based Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Small Rna Sequencing Services
- Animal & Plant Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Other Sequencing Services
- End Use
- Academic & Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
- End Use
- Human Genome Sequencing Services
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Target buyers of Global next generation sequencing services market databook
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Our clientele includes a mix of next generation sequencing services 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 services market , including forecasts for subscribers. This global databook contains high-level insights into Global next generation sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global next generation sequencing services market size, by region, 2018-2030 (US$M)
Top 10 countries: Next generation sequencing services market size, 2023 (US$M)
Global next generation sequencing services market share, by services type, 2023 & 2030 (%, US$M)
Next generation sequencing services market: Opportunity assessment by country
Global next generation sequencing services market, by region, 2023 (US$M)
| Services Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 98.7 | 112.5 | 153.6 | 194.1 | 225.9 | 261.6 | 301.8 | 347.6 | 399.2 | 457.6 | 523.4 | 597.0 | 678.2 | 14.3% |
| Europe | 472.2 | 570.7 | 827.4 | 1,112.8 | 1,380.7 | 1,708.5 | 2,112.0 | 2,614.5 | 3,239.5 | 4,021.0 | 5,002.8 | 6,239.5 | 7,798.3 | 24.0% |
| North America | 827.0 | 979.0 | 1,390.7 | 1,832.7 | 2,228.5 | 2,703.2 | 3,276.1 | 3,976.7 | 4,832.2 | 5,883.2 | 7,180.5 | 8,786.4 | 10,775.6 | 21.4% |
| MEA | 44.3 | 51.0 | 70.3 | 89.8 | 105.8 | 124.0 | 145.1 | 169.7 | 198.3 | 231.7 | 270.8 | 316.5 | 369.7 | 16.7% |
| Asia Pacific | 310.0 | 372.7 | 537.9 | 720.1 | 889.4 | 1,095.7 | 1,348.7 | 1,662.6 | 2,051.6 | 2,536.3 | 3,143.3 | 3,905.3 | 4,862.6 | 23.5% |
| Overall | 1,752.2 | 2,085.9 | 2,980.0 | 3,949.5 | 4,830.2 | 5,892.9 | 7,183.5 | 8,771.1 | 10,720.7 | 13,129.8 | 16,120.8 | 19,844.6 | 24,484.4 | 22.6% |
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