Tag: NGS based RNA sequencing market

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What Are The Forecasted Market Size Estimates For The NGS-Based RNA-Sequencing Market Between 2025 And 2029?

The market for next-generation sequencing (NGS)-based RNA sequencing has experienced substantial expansion over the past few years, projecting a rise from its 2024 valuation of $3.41 billion to $4.2 billion the following year, reflecting a compounded annual growth rate (CAGR) of 23.3%; this upward trajectory throughout the historical period stems from factors such as expanding genomic research programs, decreases in the expense associated with sequencing procedures, ongoing efforts in pharmaceutical discovery and advancement, the push toward individualized healthcare solutions, and the progressively wider acceptance of NGS technologies.

Exponential expansion is projected for the next several years in the market centered around next-generation sequencing based RNA sequencing, with its valuation set to reach $10.26 billion by 2029, achieving a compound annual growth rate (CAGR) of 25.0%; this upward trajectory in the projected timeframe is fueled by advancements in clinical diagnostics, worldwide collaborative efforts, the establishment of ethical and regulatory structures, ongoing research in agriculture and environmental science, and the field of green genomics.Key developments anticipated throughout this forecast period encompass the rise of single-cell RNA sequencing (scRNA-seq), the emergence of spatial transcriptomics, increasing focus on epitranscriptomics, deeper integration across multi-omics platforms, and developments supporting sustainable agricultural practices.

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Which Drivers Are Impacting The NGS-Based RNA-Sequencing Market?

The expansion of NGS-based RNA sequencing as a market driver is directly attributable to the advancements in precision medicine, which empowers clinicians to formulate customized treatment strategies and make therapeutic choices informed by a patient’s genetic disease profile. This trend is particularly pronounced in addressing complex ailments like cancer through targeted therapies. NGS-based RNA sequencing proves invaluable in pinpointing the fundamental etiology of an illness, facilitating the prescription of highly specific precision medicines for intervention. Illustratively, data from a February 2023 publication by the Personalized Medicine Coalition (PMC), an American non-profit entity, showed that personalized medicines constituted 35% of novel NMEs authorized in 2021, and this momentum persisted with 12 new endorsements in 2022, sustaining a consistent representation of no less than 25% of all new drug approvals across the last eight years, a substantial leap from their sub-10% level seen ten years prior. Consequently, the rising necessity for precision medical interventions directly correlates with an anticipated surge in the need for NGS-based RNA sequencing capabilities.

How Is The NGS-Based RNA-Sequencing Market Classified Into Different Segments?

The ngs-based rna-sequencingmarket 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

What Are The Major Trends Driving The Growth Of The NGS-Based RNA-Sequencing Market?

In the realm of NGS-based RNA sequencing, strategic alliances represent a pivotal development, as organizations collaborate with firms specializing in this area to penetrate untapped markets and capitalize on shared assets. Illustrating this trend, in May 2022, the U.S. Department of Health and Human Services’ Biomedical Advanced Research and Development Authority (BARDA) established collaborations with various academic and industry entities, intending to enhance the ability to react rapidly to public health crises and to engineer a new diagnostic tool capable of identifying all known and newly appearing respiratory RNA viruses within one comprehensive test.

Who Are The Core Companies Influencing The NGS-Based RNA-Sequencing Market Landscape?

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 Key Regional Factors Influencing 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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How Will The NGS-Based RNA-Sequencing Market Valuation Change Between Now And 2029?

The market capacity of ngs-based rna-sequencing has seen a dramatic increase in recent times. There is an anticipated growth from $3.41 billion in 2024 up to $4.2 billion in 2025, subject to a compound annual growth rate (CAGR) of 23.3%. The surges seen in the historic period are due to initiatives in genomic research, cut-downs in sequencing costs, progress in drug discovery and development, personal medicine, and an increase in the adoption of ngs.

There is an anticipated substantial expansion in the ngs-based rna-sequencing market, with an expected increase to $10.26 billion by 2029, marking a compound annual growth rate (CAGR) of 25.0%. This projected growth over the forecast period is largely due to areas such as clinical diagnostics, international collaborations, ethical and regulatory guidelines, agricultural and environmental studies, along with green genomics. Key trends expected to further drive this market growth during the forecast period include single-cell rna-sequencing (scrna-seq), spatial transcriptomics, epitranscriptomics, the integration of multi-omics, and sustainable farming practices.

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What Underlying Factors Are Supporting The NGS-Based RNA-Sequencing Market Growth?

Advancements in precision medicine are propelling the growth of the NGS-based RNA sequencing market. By allowing physicians to create customized treatment plans informed by a genetic comprehension of a patient’s ailment, precision medicine is undergoing augmentation, particularly for the management of serious disorders such as cancer. The role of NGS-based RNA sequencing becomes crucial as it enables the identification of the fundamental cause of the disease and the prescription of particular precision medicines consequently. For example, a report by the Personalized Medicine Coalition (PMC), a U.S. nonprofit entity, from February 2023 explained that personalized medicines made up 35% of newly accepted NMEs in 2021. With a dozen fresh approvals in 2022, their consistent share has been maintained at a minimum of a quarter of new drug approvals over the previous eight years. This depicts a substantial surge compared to under 10% a decade ago. The implication here is that as the appeal for precision medicines escalates, we can anticipate a concurrent increase in the demand for NGS-based RNA sequencing.

Which Sub-Segments Are Driving Growth Within The NGS-Based RNA-Sequencing Market?

The ngs-based rna-sequencingmarket 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

What Future-Focused Trends Are Anticipated In The NGS-Based RNA-Sequencing Market?

The prevailing trend in the NGS-based RNA sequencing market involves strategic alliances. Businesses are forming partnerships with firms specializing in NGS-based RNA sequencing to penetrate new markets and utilize each other’s resources in a more effective way. As an example, in May 2022, The Biomedical Advanced Research and Development Authority (BARDA), a division of the U.S. Department of Health and Human Services, collaborated with several industrial and academic partners. This collaboration has the goal of enhancing the rapidity of public health emergency responses and creating an innovative diagnostic methodology capable of identifying all known and emerging respiratory RNA viruses with a single test.

Which Companies Hold A Competitive Edge In The 71 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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Which Region Dominates The NGS-Based RNA-Sequencing Market Today?

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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#How Has The NGS-Based RNA-Sequencing Market Size Shifted, And What Is the Outlook Through 2034?#_x000D_

The market for ngs-based rna-sequencing has seen a significant escalation in the past few years. Its expansion is projected to rise from $3.41 billion in 2024 to a hefty $4.2 billion in 2025, implying a compound annual growth rate (CAGR) of 23.3%. The remarkable development during this historical period is credited to initiatives in genomic research, a lower cost of sequencing, drug invention and enhancement, individualized medicine, and a surge in ngs adoption._x000D_

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Over the coming years, the market for ngs-based rna-sequencing is projected to experience significant expansion. It is anticipated to surge to a value of $10.26 billion in 2029, with a compound annual growth rate (CAGR) of 25.0%. This projected growth within the forecast period can be credited to factors such as clinical diagnostics, worldwide collaborations, ethical and regulatory frameworks, as well as agricultural and environmental research, and green genomics. The main trends within this period are expected to include single-cell rna-sequencing (scrna-seq), spatial transcriptomics, epitranscriptomics, the integration of multi-omics, and the rise of sustainable agriculture._x000D_

_x000D_

#Download a free sample to assess the report’s scope and structure:#_x000D_

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#What are the Fundamental Drivers and Innovations Shaping the NGS-Based RNA-Sequencing Market?#_x000D_

The surge in precision medicine is fueling the expansion of the NGS-based RNA sequencing market. This form of medicine enables doctors to create customised treatment strategies and make medicinal decisions based on an understanding of the patient’s genetic disease. Precision treatments for serious illnesses like cancer are on the rise. NGS-based RNA sequencing aids in pinpointing the exact cause of an ailment and prescribing relevant precision medicine. For example, a report from the Personalized Medicine Coalition (PMC), a nonprofit organization in the US, noted in February 2023 that personalized medicines made up 35% of newly approved NMEs in 2021. Twelve new approvals in 2022 ensured that they constituted at least a quarter of new drug approvals for the past eight years, a significant jump from less than 10% a decade ago. The rising demand for precision medicines will invariably boost the need for NGS-based RNA sequencing._x000D_

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#How Is the NGS-Based RNA-Sequencing Market Segmented?#_x000D_

The ngs-based rna-sequencingmarket covered in this report is segmented – _x000D_

_x000D_

1) By Product And Service: Sample Preparation Products, Sequencing Platforms and Consumables, Sequencing Services, Data Analysis, Storage, and Management_x000D_

2) By Technology: Sequencing by Synthesis, Ion Semiconductor Sequencing, Single-molecule Real-time Sequencing, Nanopore Sequencing_x000D_

3) By Application: Expression Profiling Analysis, Small RNA Sequencing, De Novo Transcriptome Assembly, Variant Calling and Transcriptome Epigenetics_x000D_

4) By End User: Research & Academia, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, Other End Users_x000D_

_x000D_

Subsegments:_x000D_

1) By Sample Preparation Products: RNA Extraction Kits, Library Preparation Kits, Reverse Transcription Kits, Quality Control Reagents_x000D_

2) By Sequencing Platforms And Consumables: Sequencing Instruments, Sequencing Consumables_x000D_

3) By Sequencing Services: Contract Sequencing Services, Custom Library Preparation Services, Consultation And Experimental Design Services_x000D_

4) By Data Analysis, Storage, And Management: Bioinformatics Software, Data Analysis Services, Cloud-Based Data Storage Solutions, Data Management Platforms_x000D_

_x000D_

#Request customized data on this market:#_x000D_

https://www.thebusinessresearchcompany.com/customise?id=7416&type=smp_x000D_

_x000D_

#Which Regions Are Driving the Next Phase of the NGS-Based RNA-Sequencing Market Growth?#_x000D_

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._x000D_

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#What Key Trends Are Shaping the Future of the NGS-Based RNA-Sequencing Market?#_x000D_

One of the main trends in the NGS-based RNA sequencing market is the formation of strategic partnerships. This occurs when companies team up with NGS-based RNA sequencing businesses in order to enter new markets and make the most of each other’s resources. For example, in May 2022, the Biomedical Advanced Research and Development Authority (BARDA), a branch of the U.S. Department of Health and Human Services, joined forces with several industrial and academic partners. This collaboration’s goal is to enhance the ability to promptly react to public health emergencies and establish a new diagnostic capacity able to handle all known and newly-emerging respiratory RNA viruses in one single test._x000D_

_x000D_

#View the full report here:#_x000D_

https://www.thebusinessresearchcompany.com/report/ngs-based-rna-sequencing-global-market-report_x000D_

_x000D_

#How Is the NGS-Based RNA-Sequencing Market Defined and What Are Its Core Parameters?#_x000D_

NGS-based RNA-sequencing is used to identify and measure the amount of ribonucleic acid (RNA) present in a biological sample at a certain moment, using next-generation sequencing (NGS). The massively parallel sequencing technology known as “”next-generation sequencing”” (NGS) provides extremely high throughput, scalability, and speed. This approach can ascertain the nucleotide sequence of whole genomes or specific DNA or RNA portions._x000D_

_x000D_

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What Is the Growth Rate of the NGS-Based RNA-Sequencing Market?

The market size for NGS-based RNA-sequencing has experienced substantial growth recently. It is expected to expand from $3.41 billion in 2024 to $4.23 billion in 2025, indicating a compound annual growth rate (CAGR) of 24.2%. The impressive growth during the historical period is due to factors such as genomic research initiatives, a decrease in sequencing expenses, advancements in drug discovery and development, personalized medicine, and the rising adoption of NGS.

What Growth Rate Is Forecasted for the NGS-Based RNA-Sequencing Market by 2029?

The market size for NGS-based RNA-sequencing is predicted to experience significant expansion in the coming years. It is projected to reach a value of $10.4 billion in 2029, with a compound annual growth rate (CAGR) of 25.2%. The anticipated growth during this forecast period can be linked to factors such as clinical diagnostics, international collaborations, ethical and regulatory structures, research in agriculture and environment, and green genomics. Key trends anticipated during this forecast period are single-cell rna-sequencing (scrna-seq), spatial transcriptomics, epitranscriptomics, multi-omics integration, and sustainable agriculture.

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Which Key Companies Are Shaping the Future of the NGS-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.

Which Factors Are Driving Demand in the NGS-Based RNA-Sequencing Industry?

The NGS-based RNA sequencing market is experiencing growth due to the rise in precision medicine. This type of medicine utilizes genetic information about a patient’s disease to guide doctors in crafting personalized treatment plans and making care decisions. There has been a surge in developing precision medicines to treat serious illnesses like cancer. NGS-based RNA sequencing plays a crucial role in divulging the fundamental cause of disease and recommending specific precision medicine for therapy. As an example, a report by the US-based charity Personalized Medicine Coalition (PMC) in February 2023 showed that personalized medicines represented 35% of all newly approved NMEs in 2021. Despite 12 new approvals in 2022, they have consistently constituted at least a quarter of all new drug approvals for the last eight years, a substantial leap from less than 10% ten years back. As precision medicine becomes more in demand, then NGS-based RNA sequencing demand will also rise.

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How Is the NGS-Based RNA-Sequencing Market Segmented by Several Divisions?

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

What are the Emerging Market Trends Driving the Growth of the NGS-Based RNA-Sequencing Industry?

The NGS-based RNA sequencing market is noting a significant trend of Strategic Partnership. Companies are forming alliances with NGS-based RNA sequencing firms to not only break into new markets but also make the most of one another’s resources. For example, in May 2022, the Biomedical Advanced Research and Development Authority (BARDA), a part of the U.S. Department of Health and Human Services, entered into collaboration with various industry and academic collaborators. The purpose of this collaboration is to boost the ability to promptly respond to public health crises and construct an innovative diagnostic tool that can detect all known and upcoming respiratory RNA viruses in one singular test.

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Which Regions Are Driving Growth in the NGS-Based RNA-Sequencing Market?

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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This Report Delivers Insight On:

1. How big is the ngs-based rna-sequencing market, and how is it changing globally?

2. Who are the major companies in the ngs-based rna-sequencing market, and how are they performing?

3. What are the key opportunities and risks in the ngs-based rna-sequencing market right now?

4. Which products or customer segments are growing the most in the ngs-based rna-sequencing market?

5. What factors are helping or slowing down the growth of the ngs-based rna-sequencing market?

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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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What fueled the previous growth in the ngs-based rna-sequencing market?

In the recent past, there has been a substantial growth in the market size of NGS-based RNA-sequencing. The market, which was valued at $3.41 billion in 2024, is predicted to surge to a value of $4.23 billion in 2025, representing a compound annual growth rate (CAGR) of 24.2%. Various factors have contributed to the growth witnessed in the historic period, including initiatives in genomic research, a decrease in sequencing costs, drug discovery and development, the proliferation of personalized medicine, and the increased acceptance of NGS.

What will be the ngs-based rna-sequencing market size in the future?

Over the next few years, the market size for NGS-based RNA-sequencing is anticipated to experience a significant upsurge. It is projected to reach $10.4 billion in 2029, with an annual compound growth rate (CAGR) of 25.2%. This growth throughout the forecast period is mainly due to clinical diagnostics, global collaborations, ethical and regulatory frameworks, and research in agriculture and environment, along with green genomics. Single-cell RNA-sequencing (scrna-seq), spatial transcriptomics, epitranscriptomics, multi-omics integration, and sustainable agriculture are the main trends expected during this forecast period.

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What main drivers are fueling expansion in the ngs-based rna-sequencing market?

The NGS-based RNA sequencing market is expanding on the back of advancements in precision medicine. By providing doctors with the capacity to create patient-specific treatment plans grounded in genetic understanding of diseases, precision medicine is transforming healthcare, particularly concerning serious illnesses like cancer. The role of NGS-based RNA sequencing is crucial here as it identifies the fundamental cause of the disease, thus paving the way for suitably customized precision medicine. As corroborated by a report from the Personalized Medicine Coalition (PMC), a nonprofit organization based in the U.S., personalized medicines made up 35% of the newly approved NMEs in 2021. Further enhancing their presence with 12 new approvals in 2022, they continually represented at least 25% of new drug endorsements over the last eight years. This is a noteworthy leap from less than 10% a decade earlier. Correspondingly, as the popularity of precision medicines surges, so will the need for NGS-based RNA sequencing.

What key areas define the segmentation of the global ngs-based rna-sequencing market?

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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Who are the dominant players expanding their reach in the ngs-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.

How are evolving market trends shaping ngs-based rna-sequencing Strategies?

The trend of Strategic Partnership holds significant sway in the NGS-based RNA sequencing market. To penetrate into new markets and employ each other’s resources to their advantage, companies are forming alliances with NGS-based RNA sequencing firms. For instance, in May 2022, The Biomedical Advanced Research and Development Authority (BARDA), which comes under the aegis of the U.S. Department of Health and Human Services, forged synergies with numerous industry and academic associates. The prime goal of this collaboration is to strengthen the ability to quickly tackle public health crises and formulate a unique diagnostic method that accommodates all known and emerging respiratory RNA viruses with a single test.

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Which regions are emerging as leaders in the ngs-based rna-sequencing market?

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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With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

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Europe +44 2071930708

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What is the Long-Term Projected Growth Rate for the NGS-Based RNA-Sequencing Market, and What Are the Key Drivers?

In recent times, there has been a tremendous growth in the market size of NGS-based RNA-sequencing. It is predicted to expand from its current value of $3.41 billion in 2024 to an estimated $4.23 billion in 2025, marking a compound annual growth rate (CAGR) of 24.2%. The observed growth in the historical period is mainly due to factors such as genomic research initiatives, a decrease in sequencing pricing, advancements in drug discovery and development, the rise of personalized medicine, and a surge in the adoption of ngs.

Over the upcoming years, the market size of NGS-based RNA-sequencing is set to experience an explosive increase, reaching up to $10.4 billion in 2029 with a compound annual growth rate (CAGR) of 25.2%. Various factors such as clinical diagnostics, international collaborations, ethical and regulatory guidelines, and research in agriculture and environment, as well as green genomics, are attributions to this expected growth within the forecast period. Notable trends within this time frame encompass single-cell rna-sequencing (scrna-seq), spatial transcriptomics, epitranscriptomics, integration of multi-omics, and sustainable farming.

Which Factors Are Enhancing the Growth of the ngs-based rna-sequencing Market?

The NGS-based RNA sequencing market is being propelled by the rise in precision medicine. This form of medicine facilitates doctors in creating bespoke treatment plans and making clinical decisions grounded in genetic insights of a patient’s illness. There is an escalation in the use of precision medicines in dealing with critical illnesses like cancer. NGS-based RNA sequencing plays a crucial role in pinpointing the origins of the disease, allowing doctors to prescribe the right precision medicine for treatment purposes. For instance, a report issued by the U.S. nonprofit organization, Personalized Medicine Coalition (PMC), in February 2023, revealed that personalized medicines constituted 35% of the fresh NMEs approved in 2021. Even with 12 new approvals in 2022, they have consistently held a share of at least a quarter of all new drug approvals for the past eight years, indicating a notable jump from less than 10% ten years ago. As precision medicine demand grows, so will the demand for NGS-based RNA sequencing.

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Which Companies Are Leading the Charge in Expanding the NGS-Based RNA-Sequencing Market?

Major companies operating in the ngs-based rna-sequencing market include:

• Illumina Inc._x000D_

• Thermo Fisher Scientific Inc._x000D_

• Oxford Nanopore Technologies Ltd._x000D_

• Agilent Technologies Inc._x000D_

• BGI Group_x000D_

What New Trends Are Reshaping the NGS-Based RNA-Sequencing Market and Its Opportunities?

The tendency towards strategic alliances is a major tendency in the NGS-based RNA sequencing market. To break into new markets and make use of each other’s resources, corporations are forming collaborations with NGS-based RNA sequencing businesses. For example, in May 2022, The Biomedical Advanced Research and Development Authority (BARDA), part of the U.S. Department of Health and Human Services, initiated collaborations with various industry and academic partners. The aim of the alliance is to enhance rapid response capability in public health emergencies and to cultivate a new diagnostic method that can detect all known and emerging respiratory RNA viruses in one single test.

Secure Your Global NGS-Based RNA-Sequencing Market Report Now for Fast and Efficient Delivery!

https://www.thebusinessresearchcompany.com/report/ngs-based-rna-sequencing-global-market-report

How Are the Key Segments of the NGS-Based RNA-Sequencing Market Impacting Its Expansion and Revenue Streams?

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

What Are the Top Regions Fueling Growth in the NGS-Based RNA-Sequencing Market?

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.

How Is the NGS-Based RNA-Sequencing Market Defined Across Different Regions?

NGS-based RNA-sequencing is used to identify and measure the amount of ribonucleic acid (RNA) present in a biological sample at a certain moment, using next-generation sequencing (NGS). The massively parallel sequencing technology known as ”next-generation sequencing” (NGS) provides extremely high throughput, scalability, and speed. This approach can ascertain the nucleotide sequence of whole genomes or specific DNA or RNA portions.

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About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

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