How the NGS-Based RNA-Sequencing Market is Positioned for Growth: Trends, Market Size, and Future Opportunities (2025-2034)
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What Factors Are Propelling the Market Growth of theNGS-Based RNA-Sequencing Market from 2025 to 2034?
The growth of precision medicine is contributing to the expansion of the NGS-based RNA sequencing market. Precision medicine tailors treatment based on genetic insights into a patient’s disease, offering effective solutions for conditions like cancer. NGS-based RNA sequencing helps identify the genetic causes of diseases, enabling the use of precision medicine. For example, the Personalized Medicine Coalition reported that personalized medicines accounted for 35% of newly approved NMEs in 2021. As the demand for precision medicine rises, the demand for NGS-based RNA sequencing is expected to grow.
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#How Does the ProjectedNGS-Based RNA-Sequencing Market Growth Compare Over the Forecast Period?
The NGS-based RNA-sequencing market has grown exponentially in recent years. It is expected to grow from $3.41 billion in 2024 to $4.23 billion in 2025, with a compound annual growth rate (CAGR) of 24.2%. The growth is due to genomic research initiatives, reductions in sequencing costs, drug discovery and development, personalized medicine, and the increasing adoption of NGS technologies.
The NGS-based RNA-sequencing market is expected to see exponential growth, reaching $10.4 billion by 2029 at a CAGR of 25.2%. Growth is driven by clinical diagnostics, global collaborations, regulatory frameworks, agricultural and environmental research, and green genomics. Major trends include single-cell RNA-sequencing (scRNA-seq), spatial transcriptomics, epitranscriptomics, multi-omics integration, and sustainable agriculture practices.
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How Are Market Trends and Innovations Revolutionizing theNGS-Based RNA-Sequencing Industry in Recent Times?
Strategic partnerships are becoming a key trend in the NGS-based RNA sequencing market. Companies are forming alliances to enter new markets and leverage each other’s strengths. For instance, in May 2022, the Biomedical Advanced Research and Development Authority (BARDA), part of the U.S. Department of Health and Human Services, partnered with several industry and academic entities. This collaboration aims to enhance the ability to quickly respond to public health crises and develop a diagnostic tool to detect a wide range of respiratory RNA viruses in a single test.
Which Key Market Players Are Shaping the Future and Growth of theNGS-Based RNA-Sequencing Market?
Major companies operating in the ngs-based rna-sequencing market include Illumina Inc., Thermo Fisher Scientific Inc., Oxford Nanopore Technologies Ltd., Agilent Technologies Inc., BGI Group, QIAGEN N.V., PerkinElmer Inc., Eurofins Scientific SE, Bio-Rad Laboratories Inc., F. Hoffmann-La Roche Ltd., Hamilton Company, Takara Bio Inc., Tecan Trading AG, GENEWIZ Inc., Novogene Corporation, Macrogen Inc., Zymo Research Corp., Lexogen GmbH, Partek Incorporated, GATC Biotech AG, Becton, Dickinson and Company, Genohub LLC, BaseClear B.V., Genewave SAS, Otogenetics Corporation, SeqLL LLC, GenXPro GmbH, Genotypic Technology Pvt. Ltd.
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What Are the Core Segments of the NGS-Based RNA-Sequencing Market, and How Do They Contribute to Growth?
The ngs-based rna-sequencing market covered in this report is segmented –
1) By Product And Service: Sample Preparation Products, Sequencing Platforms and Consumables, Sequencing Services, Data Analysis, Storage, and Management
2) By Technology: Sequencing by Synthesis, Ion Semiconductor Sequencing, Single-molecule Real-time Sequencing, Nanopore Sequencing
3) By Application: Expression Profiling Analysis, Small RNA Sequencing, De Novo Transcriptome Assembly, Variant Calling and Transcriptome Epigenetics
4) By End User: Research & Academia, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, Other End Users
Subsegments:
1) By Sample Preparation Products: RNA Extraction Kits, Library Preparation Kits, Reverse Transcription Kits, Quality Control Reagents
2) By Sequencing Platforms And Consumables: Sequencing Instruments, Sequencing Consumables
3) By Sequencing Services: Contract Sequencing Services, Custom Library Preparation Services, Consultation And Experimental Design Services
4) By Data Analysis, Storage, And Management: Bioinformatics Software, Data Analysis Services, Cloud-Based Data Storage Solutions, Data Management Platforms
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What Regions Are Dominating the NGS-Based RNA-Sequencing Market Growth?
North America was the largest region in the NGS-based RNA sequencing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ngs-based rna-sequencing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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