Towards Healthcare
NGS Kits Market Accomplish USD 10.02 Bn at 18.03% CAGR by 2034

NGS Kits Market Intelligence Report, Key Trends, Innovations & Dynamics

Market insights predict, the NGS kits industry is expected to grow from USD 1.91 billion in 2024 to USD 10.02 billion by 2034, driven by a CAGR of 18.03%. The market is growing due to increasing demand for precise genetic sequencing in research and clinical diagnostics. Advanced technology has made NGS more accessible and affordable. Additionally, rising applications in personalized medicine, cancer genomics, and infectious disease detection drive market expansion.

Category: Healthcare Services Insight Code: 5672 Format: PDF / PPT / Excel

NGS Kits Market Size, Growth, Opportunities, Key Drivers and Segment Analysis

The global NGS kits market size is calculated at USD 1.91 billion in 2024, grows to USD 2.26 billion in 2025, and is projected to reach around USD 10.02 billion by 2034. The market is expanding at a CAGR of 18.03% between 2025 and 2034.

NGS Kits Market Size 2024 - 2034

Key Takeaways

  • NGS kits sector is pushing the market to USD 1.91 billion in 2024.
  • Long-term projections show USD 10.02 billion valuation by 2034.
  • Growth is expected at a steady CAGR of 18.03% in between 2025 to 2034.
  • North America dominated the NGS Kits market share in 2024.
  • Asia-Pacific is anticipated to grow at the fastest CAGR in the market during the forecast period.
  • By nucleotide sequenced, the DNA segment was dominant in the market in 2024.
  • By nucleotide sequenced, the RNA segment is expected to grow at the fastest CAGR between 2025 and 2034.
  • By end-user, the pharmaceutical and biotechnology companies segment held a dominant revenue share of the market in 2024.
  • By end-user, the academic and research institutes segment is expected to grow at the fastest rate in the market during the forecast period.

Key Metrics and Overview

Metric Details
Market Size in 2025 USD 2.26 Billion
Projected Market Size in 2034 USD 10.02 Billion
CAGR (2025 - 2034) 18.03%
Leading Region North America
Market Segmentation By Nucleotide Sequenced, By End-User, By Region
Top Key Players Illumina, Inc., Thermo Fisher Scientific Inc., Roche Holding AG, Danaher Corporation, MGI Tech Co., Ltd., Agilent Technologies, Inc., PerkinElmer, Inc., Takara Bio Inc., Oxford Nanopore Technologies plc, Twist Bioscience Corporation

How is Innovation Impacting the NGS Kits Market?

The NGS kits include products used in next-generation sequencing, providing essential reagents and tools for DNA/RNA preparation, sequencing, and analysis in research and clinical applications. The market is growing rapidly due to rising demand for accurate, high-throughput genetic analysis in research and clinical diagnostics. Increasing applications in personalized medicine, Oncology, rare disease detection, and infection disease monitoring are major divers. Technological advancements have made sequencing faster and more cost-effective, encouraging widespread adoption. Government funding for genomics research and expanding the use of NGS in drug development and biomarkers discovery further support the market growth. Additionally, growing awareness of precision medicine is boosting the market growth.

  • In July 2023, Qiagen expanded its next-generation sequencing lineup by introducing the QIAseq Normalizer kits, designed to quickly balance DNA concentrations across NGS libraries, improving workflow efficiency. (Source - QIAGEN)
  • In March 2023, Qiagen partnered with SOPHiA Genetics to combine its QIAseq reagent technology with SOPHiA’s DDMTM digital analytics platform, enhancing next-generation sequencing capabilities through integrated technology. (Source - businesswire)

How is AI enhancing advancements in the NGS Kits Market?

AI is enhancing advancements in the market by improving data analysis speed and accuracy, enabling more efficient interpretation of complex genomic data. It helps identify genetic variants, patterns, and mutations with greater precision, supporting personalized medicine and disease diagnosis. AI-driven automation also optimizes sequencing workflows, reduces errors, and lowers costs. Overall, AI integration accelerates research and clinical applications, making NGS more accessible and effective for diverse genomics studies.

For Instance,

  • In May 2023, Mediclinic Middle East selected Geneyx, an AI-powered technology, to analyze NGS data for rare and germline disorders in patients. This initiative aims to accelerate genetic research and improve diagnostic processes in the region. (Source - GENEYX)

Market Dynamics

Driver

Rising Demand for Precision Medicines

NGS  enables detailed genetic profiling, which helps identify specific mutations linked to various diseases, especially cancer and rare genetic disorders. This supports the development of targeted therapies tailored to individual patients. As healthcare moves towards customized treatment, clinicians and efficient genomics analysis are required. Additionally, the growing use of pharmacogenomics, which studies how genes affect drug response, further boosts demand.

Restraint

High-Cost Equipment and Data Analysis

The initial investment in the NGS platform is substantial, and the recurring expenses for reagents, maintenance, and software add to the financial burden. Additionally, the complex bioinformatics required for interpreting large volumes of sequencing data demands skilled professionals and robust IT infrastructure, which are not always readily available. These financial and technical barriers slow down the widespread adoption of NGS kits, particularly in clinical settings where cost-efficiency and ease of use are critical.

Opportunity

Integration of AI and Machine Learning

The integration of AI and machine learning presents a future opportunity for the NGS kits market by transforming how genomic data is analyzed. NGS generates vast, complex datasets that require advanced interpretation to identify key genetic variations. AI and ML can automate and accelerate this process, improving accuracy, reducing error, and cutting down analysis time. These technologies also enable predictive insights for earlier disease detection and personalized treatment decisions. As AI-powered tools become more widely adopted in healthcare, the demand for NGS kits designed to work seamlessly with such technologies will increase, driving market growth and innovation.

For Instance,

  • In February 2023, Integrate.ai played a key role in launching the Canadian Platform for Genomics and Precision Health. This platform, created in partnership with DNAstack, aims to improve healthcare outcomes for people across Canada. (Source - integrate.ai)

Segmental Insights

Why The DNA Segment Dominated in 2024?

By Nucleotide sequenced, the DNA segment dominated the market in 2024, due to its widespread application in clinical diagnostics and research. DNA sequencing is essential for identifying genetic mutations linked to cancer, rare diseases, and inherited conditions, making it a cornerstone of personalized medicine. Its high accuracy, stability, and ease of handling compared to RNA further support its use. Additionally, the rising adoption of whole-genome sequencing for non-invasive testing methods such as liquid biopsies and prenatal screening contributed to its leading position in the NGS kits market.

By Nucleotide sequenced, the RNA segment is projected to grow at the fastest rate between 2025 and 2034, due to its expanding role in gene expression analytics, disease mechanism studies, and drug development. Unlike DNA, RNA provides dynamic insights into how genes are regulated in real-time, making it highly valuable in areas like cancer research, immunology, and infection disease monitoring. The growing popularity of RNA-based therapeutics and vaccines, particularly following the success of mRNA vaccines, has also accelerated investment in RNA sequencing technologies. Additionally, innovations in single-cell RNA sequencing are further boosting the demand for the NGS kits market.

Why the Pharmaceutical and Biotechnology Companies Segment led?

By end-user, the pharmaceutical and biotechnology companies segment was dominant in the market in 2024, due to their extensive use of sequencing technologies in drug discovery and development, and precision technologies in drug discovery, development, and precision medicine. NGS plays a crucial role in identifying genetic targets, understanding disease pathways, and developing personalized therapies, especially in oncology and rare diseases. These companies invest heavily in R and D and rely on NGS for biomarker discovery, patient stratification, and companion diagnostics. Their strong financial resources and advanced infrastructure further support the widespread adoption of NGD kits, driving market growth.

By end-user, the academic and research institutes segment is expected to grow at the fastest rate in the market during the forecast period, due to increasing investment in genomics research and growing adoption of NGS technologies in academic studies. Universities and research institution are expanding their focus on genetics studies, personalized medicines, and disease mechanisms, all of which rely heavily on NGS. Government funding, collaborative research projects, and the rising need for advanced genomic tools in education and innovation are also contributing to the rapid growth of the market.

Regional Insights

How is North America Contributing to the Expansion of the NGS Kits Market?

In 2024, North America led the market, driven by its advanced healthcare infrastructure, significant R&D investments, and strong presence of key genomic companies. The region’s early adoption of innovative technologies, growing emphasis on precision medicine, and robust government support for genomics initiatives further contributed to its dominance. The U.S., in particular, is home to major industry players and top-tier research institutions engaged in cutting-edge genomic studies. Favorable regulatory frameworks and increasing demand for personalized healthcare also reinforced North America's leading role in the NGS kits market.

For Instance,

  • In November 2023, PacBio and MedGenome introduced a grant to support De Novo genome assembly and annotation research, aiming to advance genomic studies and promote innovation in genetic analysis. (Source - PR Newswire)

The U.S. NGS Kits Market Trends

The U.S. market is growing due to rising demand for precision medicine, strong government funding for genomic research, and the presence of leading biotech companies. Advanced healthcare infrastructure, increased adoption of NGS in clinical diagnostics, and expanding applications in oncology and rare disease detection further drive market growth. Additionally, ongoing innovations and supportive regulatory frameworks enhance the use of NGS technologies across the healthcare and research sectors.

The Canada NGS Kits Market Trends

The country has seen increased government and private investments in genomics research, bolstering the development and adoption of NGS technologies.  Advancements in bioinformatics and the decreasing cost of sequencing have made NGS more accessible for both clinical and research applications.  Additionally, Canada's focus on precision medicine and the integration of AI in genomic data analysis are driving demand for NGS kits, positioning the country as a growing hub for genomic innovation.

For Instance,

  • In 2023–24, Genome Canada contributed $105.5 million to support genomics research efforts. Additionally, beginning in 2024–25, the Government of Canada committed $175.1 million over seven years to advance the Canadian Genomics Strategy (CGS), aiming to strengthen the country's position in genomic innovation and research. (Source - Government of Canada)

How is Asia-Pacific approaching the NGS Kits Market in 2025?

The Asia-Pacific region is anticipated to grow at the fastest rate in the NGS kits market during the forecast period due to rising healthcare investments, increasing awareness of precision medicine, and rapid expansion of genomic research. Countries like China, India, and Japan are investing heavily in biotechnology and personalized healthcare initiatives. Additionally, a growing patient population, government-supported genomics programs, and improving healthcare infrastructure are driving demand for NGS technologies. Collaborations between local institutions and global companies are also enhancing access to advanced sequencing tools, fueling market growth across the region.

For Instance,

  • In May 2025, Bioheaven360 Genotec, a prominent biotechnology startup based in Delhi, launched an advanced AI-driven genomics diagnostics platform in the Indian market. Designed to enable early disease detection and create personalized treatment plans, the platform was developed in collaboration with the All India Institute of Medical Sciences (AIIMS), New Delhi. This innovation is the result of extensive research and clinical testing, reflecting a major step forward in precision healthcare in India. (Source - BioSpectrum India)

The China NGS Kits Market Trends

The country has made lucrative investments in genomics research and infrastructure, leading to advancements in sequencing technologies and bioinformatics.  The declining cost of sequencing has made NGS more accessible for clinical and research applications.  Additionally, China's focus on precision medicine and the integration of AI in genomic data analysis are driving demand for NGS kits, positioning the country as a growing hub for genomic innovation.

The India NGS Kits Market Trends

India's market is expanding rapidly because the country has seen increased government and private investments in genomics research, bolstering the development and adoption of NGS technologies.  Advancements in bioinformatics and the decreasing cost of sequencing have made NGS more accessible for both clinical and research applications.  Additionally, India's focus on precision medicine and the integration of AI in genomic data analysis are driving demand for NGS kits, positioning the country as a growing hub for genomic innovation.

How is Europe Accelerating the NGS Kits Market?

Europe is expected to see significant growth in the NGS kits market due to increasing government investments in genomics research, rising adoption of precision medicine, and expanding applications in oncology and rare disease diagnostics.  Countries like Germany and France are leading large-scale initiatives to integrate NGS into clinical practice, supported by advanced healthcare infrastructure and collaborative research projects.  Additionally, the declining cost of sequencing and advancements in bioinformatics are making NGS technologies more accessible, further driving market expansion across the region.

The UK NGS Kits Market Trends

The UK's market is experiencing significant growth, driven by substantial government investments in genomics research and initiatives like Genomics England's newborn genome sequencing program.  The National Health Service (NHS) is integrating NGS into clinical practice, enhancing diagnostics for rare diseases and cancers.  Additionally, the presence of leading companies such as Oxford Nanopore Technologies fosters innovation and adoption of NGS technologies.  These factors collectively contribute to the robust expansion of the UK's NGS kits market.

The Germany NGS Kits Market Trends

The country's strong emphasis on precision medicine and personalized healthcare has led to increased adoption of NGS technologies in clinical diagnostics, particularly in oncology and rare disease detection.  Government initiatives and funding support large-scale genomic projects, fostering innovation and research.  Additionally, Germany's advanced healthcare infrastructure and collaborations between academic institutions and biotech companies contribute to the expanding use of NGS kits across various applications.  These elements collectively drive the significant growth of the NGS kits market in Germany.  

Top Companies in the NGS Kits Market

NGS Kits Market Companies

Latest Announcement by Industry Leaders

In May 2025, Watchmaker Genomics partnered with Revvity to automate its entire DNA and RNA library preparation kit portfolio on the Sciclone™ G3 NGSx system. This automation boosts efficiency by reducing hands-on time, minimizing errors, and supporting up to 96 samples per run. Sandra Rowe, VP of Marketing at Watchmaker Genomics, stated they are excited to expand the partnership with Revvity to deliver high-performance, automation-ready NGS solutions to more labs. (Source - businesswire)

Recent Developments in the NGS Kits Market

  • In October 2024, Illumina, a global leader in DNA sequencing and array technologies, launched the MiSeq i100 Series. These new sequencing systems are built to enhance NGS performance in laboratories by offering faster results and a more user-friendly experience, aiming to streamline workflows and improve overall efficiency in genetic analysis. (Source - Clinical Reaserch News)
  • In August 2023, Almac Diagnostic Services, a division of the Almac Group, announced a new investment aimed at expanding access to advanced Next Generation Sequencing (NGS) technologies for its BioPharma partners. This move is intended to enhance the company's service offerings and support the growing demand for cutting-edge genomic solutions in drug development and precision medicine. (Source - ALMAC)

Segments Covered in the Report

By Nucleotide Sequenced

  • DNA
  • RNA

By End-User

  • Academic and research institutes
  • Pharmaceutical and biotechnology companies
  • Hospitals and clinics
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
  • Last Updated: 02 June 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Deepa Pandey is a focused and detail-oriented market research professional with growing expertise in the healthcare sector, delivering high-quality insights across therapeutic areas, diagnostics, biotechnology and healthcare services.

Learn more about Deepa Pandey

Aditi Shivarkar, with over 14 years of experience in consumer goods, leads research at Towards Consumer Goods, ensuring precise, actionable insights on trends, consumer preferences, and sustainable packaging for businesses.

Learn more about Aditi Shivarkar

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FAQ's

They streamline the sequencing process, allowing for accurate, efficient, and high-throughput analysis of genetic material, aiding in research, diagnostics, and drug development.

RNA sequencing helps in studying gene expression, disease mechanisms, and identifying biomarkers, making it critical for cancer and infectious disease research.

India Brand Equity Foundation, Food and Drug Administration, U.S. Environmental Protection Agency, European Medicines Agency, and National Medical Products Administration.