Massive parallel sequencing
The NGS Services market size is projected to reach USD 5.9 billion by 2030, with a significant increase from the USD 1.2 billion market value in 2021. This substantial growth is expected to be driven by a 19.4% compound annual growth rate (CAGR) over the next decade. The global NGS Services market is witnessing a surge in demand, with a growing emphasis on personalized medicine and advancements in genomic research.
NGS Services Market Research Report Highlights and Statistics reveal the increasing adoption of next-generation sequencing (NGS) technologies in various applications such as oncology, reproductive health, infectious diseases, and agriculture. The market is characterized by a rapid pace of innovation, with companies investing in research and development to enhance sequencing accuracy, speed, and cost-effectiveness.
As the NGS Services market continues to expand, key players are focusing on strategic collaborations, product launches, and acquisitions to strengthen their market presence. With the rising demand for NGS services across diverse sectors, the industry is poised for significant growth and technological advancements in the coming years.