Published by Coherent Market Insights
Posted on October 6, 2021
3 min readLast updated: January 30, 2026
The Next Generation Sequencing market is projected to grow at an 18.1% CAGR by 2028, driven by advancements in cancer detection and DNA testing technologies.
The Next Generation Sequencing Market report presents the industry sales and revenue by companies, regions, type and application and forecast to 2028. This report also studies the market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s Five Forces Analysis.
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The growing need for early detection of cancer and infectious diseases is propelling growth of the next-generation sequencing market. According to the World Health Organization, approximately 13% of cancers diagnosed in 2018 globally were attributed to carcinogenic infections, including Helicobacter pylori, human papillomavirus (HPV), hepatitis B virus, hepatitis C virus, and Epstein-Barr virus. According to The Burden of Cancer Worldwide, in 2018, there were 18.1 million new cases and 9.5 million cancer-related deaths worldwide. By 2040, the number of new cancer cases per year is expected to rise to 29.5 million and the number of cancer-related deaths to 16.4 million. Moreover, the growing demand for DNA testing due to rapid advancements in whole-genome and exome sequencing procedures is further expected to augment the growth of the next-generation sequencing market.
In February 2021, QIAGEN and INOVIO Pharmaceuticals announced an extension of their partnership with a new master collaboration agreement to develop liquid biopsy-based companion* diagnostic products based on next-generation sequencing (NGS) technology to complement INOVIO’s therapies
In August 2020, Ancestry launches a next-generation sequencing product. The new product aims to help customers gain insights into their health and risk factors.
From the regional point of view, North America is expected to lead the global next-generation sequencing market owing to the increasing focus of key players to introduce novel next-generation sequencing products in the market. For instance, in May 2021, Bio-Rad Laboratories, Inc. a global leader of life science research and clinical diagnostic products, today announced the launch of the SEQuoia RiboDepletion Kit, which improves assay efficiency by eliminating irrelevant ribosomal RNA (rRNA) fragments from an RNA-Seq library
The next-generation sequencing effort currently being executed across numerous research laboratories focuses on whole-genome sequencing with applications in diagnosing disease and assisting in treatments. Next-generation sequencing produces high-quality, sensitive, archival-accurate results in a timely manner thus enabling the researchers to conduct and compare genetic analysis. Mapping of the genetic basis of complex traits such as eye and lung disease, metabolic syndrome, and complex diseases like Alzheimer’s and Huntington’s disease will greatly benefit from next-generation sequencing. Some of the most exciting developments in next generation sequencing technology are Affinity+ and eRAXnext genomics systems that use Affinity chemistry to sequentially register and tag DNA fragments for automated tracking and analysis. Additionally, they use Affinity chemistry with Ingenuity Smart probes for multiplexed DNA analysis and tracking.
Top Key Players Include In Next Generation Sequencing Market: Thermo Fisher Scientific Inc., Agilent Technologies, Inc., BioMerieux S.A., F. Hoffmann-La Roche Ltd, Qiagen N.V., Illumina, Inc., Oxford Nanopore Technologies, and Beijing Genomics Co. Ltd.
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The post Next Generation Sequencing Market Likely To Rise with 18.1% CAGR Forespeaks 2021 To 2028 appeared first on Gatorledger.
The article discusses the growth of the Next Generation Sequencing market, focusing on technological advancements and market trends.
The need for early cancer detection and advancements in DNA testing are major growth drivers for the NGS market.
North America is leading the global Next Generation Sequencing market due to the focus on novel product introductions.
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