Next-generation Sequencing Services Market Size, Share & Trends Report

Next-generation Sequencing Services Market Size, Share & Trends Analysis Report By Service Type (Human Genome Sequencing, Gene Regulation Services), By Workflow, By End-use, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-2-68038-630-1
  • Number of Pages: 150
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2022
  • Industry: Healthcare

Research Methodology

A three-pronged approach was followed for deducing the next-generation sequencing services market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for next-generation sequencing services market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of next-generation sequencing services market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Next-generation Sequencing Services Market Categorization:

The next-generation sequencing services market was categorized into four segments, namely service type (Human Genome Sequencing Services, Single Cell Sequencing Services, Microbial Genome-based Sequencing Services, Gene Regulation Services, Animal & Plant Sequencing Services), workflow (Pre-sequencing, Sequencing, Data Analysis), end-use (Universities & Other Research Entities, Hospitals & Clinics, Pharma & Biotech Entities), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The next-generation sequencing services market was segmented into service type, workflow, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The next-generation sequencing services market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-five countries, namely, the U.S.; Canada; Germany; the UK; France; Italy; Spain; Denmark; Sweden; Norway; Switzerland; China; Japan; India; South Korea; Australia; Thailand; Singapore; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; and Kuwait.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Next-generation sequencing services market companies & financials:

The next-generation sequencing services market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Quest Diagnostics - The company was Incorporated in the year of 1967 in the United States. The company employs more than 50 thousand employees worldwide. The company offers gene-based & molecular testing, healthcare IT & data analytics, lab services & operations, and wellness & population health services.


  • ARUP Laboratories - The company was established in 1984 in the U.S. The laboratory offers an extensive portfolio of more than 2,000 highly complex and novel medical tests ranging from esoteric molecular and genetic assays to routine screening tests. Moreover, it provides analytics, consulting, decision support services, and consultative support.


  • Applied Biological Materials, Inc. (ABM) - ABM was founded in 2004 in Canada. The company develops and commercializes research tools and services for laboratories and research institutions. The company offers extensive services and products such as Polymerase Chain Reaction (PCR), RT-PCR, qPCR, siRNA, miRNA, antibodies, CRISPR, immortalized cell lines, stable cell lines, various viral expression systems, and customized services.


  • Novogene Co, Ltd. - The company offers genomic services & solutions with highly advanced NGS and bioinformatics expertise. It offers services into clinical diagnostics, biopharma services, and several other sequencing services. The company is based in China and serving this industry since 2011.


  • Azenta Life Sciences (GENEWIZ) - Azenta Life Sciences acquired GENEWIZ in November 2018. The company offers services into NGS, Plasmid DNA Preparation, Sanger Sequencing, PCR + Sanger Services, Gene Synthesis, Oligo Synthesis Services, and Preclinical and Clinical Services. The research areas wherein the company operates include AAV Services, Agriculture and Food Science, Antibody Discovery & Immunology, Cell and Gene Therapy Solutions, Biomarkers, Cancer Research, Infectious Disease, Synthetic Biology, Metagenomics, and Genome Editing and Engineering.


  • NanoString - NanoString was founded in 2003 in USA. The company specializes in the manufacturing and marketing of translational research and molecular diagnostic products. The company's products and technologies are used in various basic research, in vitro diagnostics, and translational medicine applications. Its offerings are based on the digital molecular barcoding technology.

  • Illumina, Inc. - Illumina is a US-based company that established in 1998. The company employs more than 10 thousand people worldwide. Illumina develops, manufactures, and distributes integrated platforms and systems for sequencing. It is also involved in analyzing and investigating genomic & proteomic information, determining biological function, and gene sequence expression. It offers genomics & molecular diagnostics products and services relevant to oncology, molecular epidemiology, drug development, microbial genomics, agrigenomics, infectious diseases surveillance, forensic genomics, and translational research, involving HLA sequencing & associated applications.


  • PacBio - PacBio was formed in 2004 in the United States of America. The company develops systems for vital applications such as targeted sequencing, isoform sequencing detection, and base modification, and is involved in research activities in microbiology and human and animal cells. Furthermore, it has developed technologies for sequencing data.


  • Veritas - The company enables screening of an individual’s DNA to gain insights into carrier status, ancestry, inherited disease risks, drug sensitivities, and traits. It offers consumers with genetic testing and interpretation solutions, offers doctors a portal to order, track, & review reports of all patients, and provides researchers with a comprehensive on-the-cloud data ecosystem to accelerate research.


  • BGI (Beijing Genomics Institute) - BGI was established in China in 1999. The company offers solutions in IVD, molecular testing, POCT, and public health solutions. Moreover, it provides services into DNA sequencing, RNA sequencing, bioinformatics solutions and proteomics services.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Next-generation Sequencing Services Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Next-generation Sequencing Services Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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