Next-Generation Sequencing Market Size to Reach USD 50 Billion by 2032 with a CAGR of 22%
The Next-Generation Sequencing (NGS) Market was valued at USD 8.3 billion in 2023 and is projected to reach USD 50.0 billion by 2032, growing at a robust CAGR of 22.0% from 2024 to 2032. This rapid market expansion is driven by the transformative impact of NGS technology on genomics research, clinical diagnostics, and precision medicine. NGS enables high-speed, cost-effective sequencing of entire genomes, significantly advancing scientific understanding and healthcare applications.