The global next generation sequencing market is expected to reach nearly US$ 20 Billion by 2026. Next generation sequencing (NGS) is a novel procedure for sequencing genomes at low costs and high speed with improved efficiency. NGS is a technology in which millions and billions of DNA strands can be sequenced through massive parallelization. The market is driven by factors such as advancements in NGS platforms, decreasing cost of sequencing, improving regulatory & reimbursement scenario for NGS-based diagnostic tests, initiatives from government & private bodies for large-scale sequencing projects, and increasing application of NGS in precision medicine & molecular diagnostics. In addition, rise in awareness pertaining to next generation sequencing and increase in investment in research, development, and innovation supplement the market growth. However, lack of skilled professionals, and ethical & legal limitations are projected to impede the growth of the next generation sequencing market.

Impact of COVID-19 on Global Next Generation Sequencing (NGS) Market

The COVID–19 outbreak has become a global stress test. The disease has infected over 159 Million people worldwide. Globally the death toll has reached 3,312,333 according to the latest statistics from the Worldometers (as of May 10, 2021). The number is still growing, and the duration of the pandemic is still difficult to predict. The COVID-19 outbreak has positively impacted the next generation sequencing (NGS) market. Next-generation sequencing has a crucial role in the clinical labs and research to fight against the SARS-CoV-2, which results in the COVID-19. Next-generation sequencing (NGS) technology has the potential advantage of determining the genetic sequence of a virus and helping scientists understand the mutation of the virus. In June 2020, the United States Food and Drug Administration issued an emergency use authorization (EUA) to Illumina for the first COVID-19 diagnostic test utilizing next-generation sequence technology. The major factors such as increasing research and development activities utilizing the NGS technologies, growing applications of NGS in clinical diagnosis, rising prevalence of chronic diseases, and increasing demand for next generation sequencing due to COVID-19 are expected to drive the growth of the overall market.

By Products - Global Next Generation Sequencing (NGS) Market and Forecast

• The consumables product segment dominates the global next generation sequencing market.

• The Platforms segment is the second largest product segment of the global next generation sequencing market.

• The NSG services segment is expected to register highest growth during the forecast period

Global Next Generation Sequencing (NGS) - Consumables Market and Forecast

• The library preparation and target enrichment segment captured highest share of the global next generation sequencing (NGS) consumables market in 2020.

• DNA Fragmentation, End Repair, A-Tailing and Size Selection segment held over one fourth share of the global next generation sequencing (NGS) consumables market in 2020.

• Quality Control Kits & Reagents segment contributed least share of the overall next generation sequencing (NGS) consumables market in 2020.

Global Next Generation Sequencing (NGS) - Platforms Market and Forecast

• HiSeq Series captured largest share of the next generation sequencing (NGS) platforms market, followed by Ion Torrent.

• Sequel System and NovaSeq is competing closely with each other to grab maximum share of the pie.

• iSeq held least share of the global next generation sequencing platforms market in 2020.

Global Next Generation Sequencing (NGS) - Services Market and Forecast

Sequencing Services Market and Forecast

• Targeted Re-sequencing (TPS/WES) dominates the global sequencing services market segment.

• RNA Sequencing is the second largest sequencing services as this segment held around a quarter of the market in 2020.

• Whole genome sequencing (WGS) is the third largest sequencing services, followed by the Chip Sequencing services.

• De Novo Sequencing and Methyl Sequencing is competing closely with each other to grab maximum share of the pie.

Bioinformatics Market and Forecast

• NGS Informatics Services dominate the next generation sequencing bioinformatics market, followed by the primary and secondary data analysis tools.

• Computing is the third largest segment of the next generation sequencing bioinformatics market.

• Laboratory Information Management System (LIMS) is likely to capture nearly 11% share of the next generation sequencing bioinformatics market by 2026.

Global Next Generation Sequencing (NGS) - Technology Market and Forecast

• Sequencing by synthesis (SBS) segment held maximum share of the next-generation sequencing market in 2020.

• Ion semi-conductor sequencing is the second largest segment of the global next generation sequencing market, followed by SMRT (single molecule real time) sequencing.

• Nanopore Sequencing held least share of the global next generation sequencing market.

Global Next Generation Sequencing (NGS) - Applications Market and Forecast

• The reproductive health segment is the largest application of the next generation sequencing market.

• Oncology (cancer) application is likely to contribute around 42% of the total next generation sequencing market revenue by 2026.

• Rare Disease Diagnostics is the third largest application segment of the next generation sequencing market, followed by Metabolic and Immune (Diagnostic).

• Cardiovascular (risk prediction and diagnostics) applications comprise a strong potential future market for NGS diagnostics.

Global Next Generation Sequencing (NGS) - End Users Market and Forecast

• The academic research held maximum share of the next-generation sequencing market in 2020, followed by Hospitals.

• Pharmaceutical and biotechnology companies segment accounted for over 12% revenue share in 2020.

• Government research institutes held least share of the global next generation sequencing market.

Global Next Generation Sequencing (NGS) - Regional Market and Forecast

• By region, North America is expected to dominate the global next generation sequencing market, followed by Europe.

• According to the American Cancer Society, in 2021, there will be an estimated 1.9 million new cancer cases diagnosed and 608,570 cancer deaths in the United States.

• Asia Pacific is likely to contribute nearly a quarter of the global next generation sequencing market revenue by 2026.

iGATE RESEARCH report titled “Global Next Generation Sequencing (NGS) Market (By Products - Consumables, Platforms, Services, Sequencing Services, Bioinformatics, Technology, Applications, End Users, Regions), Impact of COVID-19, Recent Developments, Key Company Profiles - Forecast to 2026” provides a comprehensive analysis of the Global Next Generation Sequencing Market.

This 228 Page report with 114 Figures and 18 Tables has been analyzed from 15 View Points:

1) Global Next Generation Sequencing (NGS) Market and Forecast (2015 - 2026)

2) Global Next Generation Sequencing (NGS) Market Share and Forecast (2015 - 2026)

3) By Products - Global Next Generation Sequencing (NGS) Market and Forecast (2015 - 2026)

4) Global Next Generation Sequencing (NGS) - Consumables Market and Forecast (2015 - 2026)

5) Global Next Generation Sequencing (NGS) - Platforms Market and Forecast (2015 - 2026)

6) Global Next Generation Sequencing (NGS) - Services Market and Forecast (2015 - 2026)

7) Global Next Generation Sequencing (NGS) - Sequencing Services Market and Forecast (2015 - 2026)

8) Global Next Generation Sequencing (NGS) - Bioinformatics Market and Forecast (2015 - 2026)

9) Global Next Generation Sequencing (NGS) - Technology Market and Forecast (2015 - 2026)

10) Global Next Generation Sequencing (NGS) - Applications Market and Forecast (2015 - 2026)

11) Global Next Generation Sequencing (NGS) - End Users Market and Forecast (2015 - 2026)

12) Global Next Generation Sequencing (NGS) - Regional Market and Forecast (2015 - 2026)

13) Global Next Generation Sequencing (NGS) Market – Recent Developments

14) Global Next Generation Sequencing (NGS) Market - Key Company Profiles

15) Global Next Generation Sequencing (NGS) Market - Growth Drivers & Challenges

By Products - Global Next Generation Sequencing (NGS) Market and Forecast

1. Consumables

2. Platforms

3. Services

Global Next Generation Sequencing (NGS) - Consumables Market and Forecast

1. Sample Preparation Market

• DNA Fragmentation, End Repair, A-Tailing and Size Selection

• Library Preparation and Target Enrichment

• Quality Control Kits & Reagents

2. Other Consumables

Global Next Generation Sequencing (NGS) - Platforms Market and Forecast

1. Hiseq Series

2. Miseq Series

3. NextSeq

4. MiniSeq

5. NovaSeq

6. iSeq

7. Ion Torrent

8. SOLiD

9. PacBio RS II

10. Sequel System

11. PromethION

12. Other Next-generation Sequencing Platforms

Global Next Generation Sequencing (NGS) - Services Market and Forecast

1. Sequencing Services Market

• Targeted Re-sequencing (TPS/WES)

• RNA Sequencing

• Whole Genome Sequencing

• Chip Sequencing

• De Novo Sequencing

• Methyl Sequencing

2. Bioinformatics Market

• Primary and Secondary Data Analysis Tools

• Storage

• Biological Interpretation and Reporting Tools

• Computing

• LIMS (Laboratory Information Management System)

• NGS Informatics Services

By Technology - Global Next Generation Sequencing (NGS) Market and Forecast

1. Sequencing by Synthesis

2. Ion Semiconductor Sequencing

3. Single-molecule Real-time Sequencing

4. Nanopore Sequencing

5. Other Sequencing Technologies

By Applications - Global Next Generation Sequencing (NGS) Market and Forecast

1. Reproductive Health

2. Rare Disease Diagnostics

3. Oncology (Cancer)

4 Metabolic Immune (Diagnostic)

5. Cardiovascular

6. Others

By End Users - Global Next Generation Sequencing (NGS) Market and Forecast

1. Academic Research

2. Healthcare

3. Biotech/Pharma

4. Government

5. Others

By Region - Global Next Generation Sequencing (NGS) Market and Forecast

1. North America

2. Europe

3. Asia Pacific

4. Rest of the World

Global Next Generation Sequencing (NGS) Market - Company Profiles, Recent Developments

1. Illumina

2. Thermo Fisher Scientific

3. Pacific Biosciences

4. Oxford Nanopore Technologies

5. Roche

Data Source

iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.

Research Methodologies

Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.

Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.

1. Executive Summary

2. Impact of COVID-19 on Global Next Generation Sequencing (NGS) Market

3. Global Next Generation Sequencing (NGS) Market and Forecast (2015 - 2026)

4. Global Next Generation Sequencing (NGS) Market Share and Forecast (2015 - 2026)

4.1 By Products - Global Next Generation Sequencing (NGS) Market Share and Forecast

4.1.1 By Sample Preparation - Global Next Generation Sequencing (NGS) Consumables Market Share and Forecast

4.1.2 By Platforms - Global Next Generation Sequencing (NGS) Market Share and Forecast

4.1.3 By Sequencing Services - Global Next Generation Sequencing (NGS) Market Share and Forecast

4.1.4 By Bioinformatics Services - Global Next Generation Sequencing (NGS) Market Share and Forecast

4.2 By Technology - Global Next Generation Sequencing (NGS) Market Share and Forecast

4.3 By Clinical Applications - Global Next Generation Sequencing (NGS) Market Share and Forecast

4.4 By End Users - Global Next Generation Sequencing (NGS) Market Share and Forecast

4.5 By Region - Global Next Generation Sequencing (NGS) Market Share and Forecast

5. By Products - Global Next Generation Sequencing (NGS) Market and Forecast (2015 - 2026)

5.1 By Consumables - Global Next Generation Sequencing (NGS) Market and Forecast

5.2 By Platforms - Global Next Generation Sequencing (NGS) Market and Forecast

5.3 By Services - Global Next Generation Sequencing (NGS) Market and Forecast

6. Global Next Generation Sequencing (NGS) - Consumables Market and Forecast (2015 - 2026)

6.1 Global Next Generation Sequencing (NGS) - Sample Preparation Market and Forecast

6.1.1 Global Next Generation Sequencing (NGS) - DNA Fragmentation, End Repair, A-Tailing and Size Selection Market and Forecast

6.1.2 Global Next Generation Sequencing (NGS) - Library Preparation and Target Enrichment Market and Forecast

6.1.3 Global Next Generation Sequencing (NGS) - Quality Control Kits & Reagents Market and Forecast

6.2 Global Next Generation Sequencing (NGS) - Other Consumables Market and Forecast

7. Global Next Generation Sequencing (NGS) - Platforms Market and Forecast (2015 - 2026)

7.1 Global Next Generation Sequencing (NGS) - HiSeq Series Market and Forecast

7.2 Global Next Generation Sequencing (NGS) - MiSeq Series Market and Forecast

7.3 Global Next Generation Sequencing (NGS) – NextSeq Series Market and Forecast

7.4 Global Next Generation Sequencing (NGS) - MiniSeq Market and Forecast

7.5 Global Next Generation Sequencing (NGS) - NovaSeq Market and Forecast

7.6 Global Next Generation Sequencing (NGS) - iSeq Market and Forecast

7.7 Global Next Generation Sequencing (NGS) - Ion Torrent Market and Forecast

7.8 Global Next Generation Sequencing (NGS) - SOLiD Market and Forecast

7.9 Global Next Generation Sequencing (NGS) - PacBio RS II Market and Forecast

7.10 Global Next Generation Sequencing (NGS) - Sequel System Market and Forecast

7.11 Global Next Generation Sequencing (NGS) - PromethION Market and Forecast

7.12 Global Next Generation Sequencing (NGS) - Other Next-Generation Sequencing Platforms Market and Forecast

8. Global Next Generation Sequencing (NGS) - Services Market and Forecast (2015 - 2026)

8.1 Global Next Generation Sequencing (NGS) - Sequencing Services Market and Forecast

8.1.1 Global Next Generation Sequencing (NGS) - Targeted Re-sequencing (TPS/WES) Market and Forecast

8.1.2 Global Next Generation Sequencing (NGS) - RNA Sequencing Market and Forecast

8.1.3 Global Next Generation Sequencing (NGS) - Whole Genome Sequencing Market and Forecast

8.1.4 Global Next Generation Sequencing (NGS) - ChIP Sequencing Market and Forecast

8.1.5 Global Next Generation Sequencing (NGS) - De Novo Sequencing Market and Forecast

8.1.6 Global Next Generation Sequencing (NGS) - Methyl Sequencing Market and Forecast

8.2 Global Next Generation Sequencing (NGS) - Bioinformatics Market and Forecast

8.2.1 Global Next Generation Sequencing (NGS) - Primary and Secondary Data Analysis Tools Market and Forecast

8.2.2 Global Next Generation Sequencing (NGS) - Storage Market and Forecast

8.2.3 Global Next Generation Sequencing (NGS) - Biological Interpretation and Reporting Tools Market and Forecast

8.2.4 Global Next Generation Sequencing (NGS) - Computing Market and Forecast

8.2.5 Global Next Generation Sequencing (NGS) - LIMS (Laboratory Information Management System) Market and Forecast

8.2.6 Global Next Generation Sequencing (NGS) - NGS Informatics Services Market and Forecast

9. Global Next Generation Sequencing (NGS) - Technology Market and Forecast (2015 - 2026)

9.1 Global Next Generation Sequencing (NGS) - Sequencing by Synthesis Market and Forecast

9.2 Global Next Generation Sequencing (NGS) - Ion Semiconductor Sequencing Market and Forecast

9.3 Global Next Generation Sequencing (NGS) - Single-molecule Real-time Sequencing Market and Forecast

9.4 Global Next Generation Sequencing (NGS) - Nanopore Sequencing Market and Forecast

9.5 Global Next Generation Sequencing (NGS) - Other Sequencing Technologies Market and Forecast

10. Global Next Generation Sequencing (NGS) - Applications Market and Forecast (2015 - 2026)

10.1 Global Next Generation Sequencing (NGS) - Clinical Applications Market and Forecast

10.1.1 Global Next Generation Sequencing (NGS) - Reproductive Health Market and Forecast

10.1.2 Global Next Generation Sequencing (NGS) - Rare Disease Diagnostics Market and Forecast

10.1.3 Global Next Generation Sequencing (NGS) - Oncology (Cancer) Market and Forecast

10.1.4 Global Next Generation Sequencing (NGS) – Metabolic and Immune (Diagnostic) Market and Forecast

10.1.5 Global Next Generation Sequencing (NGS) - Cardiovascular Market and Forecast

10.1.6 Global Next Generation Sequencing (NGS) - Others Market and Forecast

10.2 Global Next Generation Sequencing (NGS) - Research Applications & Others Market and Forecast

11. Global Next Generation Sequencing (NGS) - End Users Market and Forecast (2015 - 2026)

11.1 Global Next Generation Sequencing (NGS) - Academic Research Market and Forecast

11.2 Global Next Generation Sequencing (NGS) - Hospitals Market and Forecast

11.3 Global Next Generation Sequencing (NGS) - Biotech/Pharma Market and Forecast

11.4 Global Next Generation Sequencing (NGS) - Government Market and Forecast

11.5 Global Next Generation Sequencing (NGS) - Others Market and Forecast

12. Global Next Generation Sequencing (NGS) - Regional Market and Forecast (2015 - 2026)

12.1 North America - Next Generation Sequencing (NGS) Market and Forecast

12.2 Europe - Next Generation Sequencing (NGS) Market and Forecast

12.3 Asia Pacific - Next Generation Sequencing (NGS) Market and Forecast

12.4 Rest of the World - Next Generation Sequencing (NGS) Market and Forecast

13. Global Next Generation Sequencing Market – Recent Developments

14. Global Next Generation Sequencing Market - Company Profiles

14.1 Illumina

14.1.1 Company Overview

14.1.2 Recent Developments

14.2 Thermo Fisher Scientific

14.2.1 Company Overview

14.2.2 Recent Developments

14.3 Pacific Biosciences

14.3.1 Company Overview

14.3.2 Recent Developments

14.4 Oxford Nanopore Technologies

14.4.1 Company Overview

14.4.2 Recent Developments

14.5 Roche

14.5.1 Company Overview

14.5.2 Recent Developments

15. Global Next Generation Sequencing Market - Growth Drivers

15.1 Increasing Adoption of NGS in Clinical Application

15.2 Advancement in Next Generation Sequencing Platforms

15.3 Increasing Prevalence of Cancer Cases Driving the Market of Next Generation Sequencing

16. Global Next Generation Sequencing Market - Challenges

16.1.1 Lack of skilled professional

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)