Next Generation Sequencing (NGS) based Ribonucleic Acid (RNA) Sequencing Market

By Product and Service;

Consumables [Extraction & Purification Kits, Library Preparation Kits, Sequencing Reagents & Flow Cells and Others], Instruments and Service [RNA-Sequencing and Bioinformatics & Data Analysis]

By Workflow;

Pre-Sequencing, Sequencing and Data Analysis

By Application;

Drug Discovery & Development, Oncology, Infectious Diseases, Clinical Diagnostics and Others

By End Use;

Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, Academic & Research Institutes and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn157708229 Published Date: September, 2025 Updated Date: October, 2025

Next Generation Sequencing (NGS)-based Ribonucleic Acid (RNA) Sequencing Market Overview

Next Generation Sequencing (NGS)-based Ribonucleic Acid (RNA) Sequencing Market (USD Million)

Next Generation Sequencing (NGS)-based Ribonucleic Acid (RNA) Sequencing Market was valued at USD 9,728.38 million in the year 2024. The size of this market is expected to increase to USD 33,775.23 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 19.5%.


Next Generation Sequencing (NGS) based Ribonucleic Acid (RNA) Sequencing Market

*Market size in USD million

CAGR 19.5 %


Study Period2025 - 2031
Base Year2024
CAGR (%)19.5 %
Market Size (2024)USD 9,728.38 Million
Market Size (2031)USD 33,775.23 Million
Market ConcentrationLow
Report Pages302
9,728.38
2024
33,775.23
2031

Major Players

  • Illumina Inc
  • Thermo Fisher Scientific Inc
  • Qiagen N.V
  • Agilent Technologies Inc
  • Oxford Nanopore Technologies Ltd
  • Pacific Biosciences of California Inc
  • Roche Holding AG
  • BGI Group
  • Genewiz
  • 10x Genomics Inc

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Next Generation Sequencing (NGS) based Ribonucleic Acid (RNA) Sequencing Market

Fragmented - Highly competitive market without dominant players


Next Generation Sequencing (NGS)-based Ribonucleic Acid (RNA) Sequencing Market has emerged as a game-changer in genomic research, providing high-resolution insights into gene expression and transcriptome profiling. This technology is now a cornerstone of genomic studies, with over 60% of ongoing projects leveraging NGS for its superior throughput and cost efficiency. The rising demand for precision diagnostics and personalized medicine is further accelerating its adoption.

Technological Innovations Boosting Market Expansion
Continuous advancements in sequencing platforms have significantly improved data accuracy, reduced costs, and increased throughput, making RNA sequencing more accessible. Approximately 55% of the market is now dominated by cutting-edge sequencing technologies that offer faster data processing and deeper insights into the transcriptome, essential for drug discovery and precision medicine.

Rising Adoption of Single-Cell Sequencing
Single-cell RNA sequencing is gaining popularity as a crucial tool for uncovering cellular diversity, with over 40% of current research projects integrating this approach. This technology is particularly valuable for studying cellular heterogeneity in cancer, immunology, and developmental biology, offering unprecedented insights into cell function and disease mechanisms.

Overcoming Data Management Challenges
Despite its potential, RNA sequencing presents challenges in data analysis and management. Nearly 30% of research institutions are investing in specialized bioinformatics tools to effectively handle the massive volumes of data generated. Efficient data processing and storage solutions are critical for extracting meaningful insights, supporting the continued growth of this innovative market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product and Service
    2. Market Snapshot, By Workflow
    3. Market Snapshot, By Application
    4. Market Snapshot, By End Use
    5. Market Snapshot, By Region
  4. Next Generation Sequencing (NGS) based Ribonucleic Acid (RNA) Sequencing Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Use In Cancer Transcriptome Profiling
        2. Increased Demand For Precision Medicine Solutions
        3. Rising Research In Transcriptomic Biomarkers
        4. Technological Innovations In Sequencing Platforms
      2. Restraints
        1. High Cost Of Sequencing Instruments
        2. Data Analysis Requires Advanced Bioinformatics Skills
        3. Limited Access In Low-Resource Laboratories
        4. Data interpretation challenges
      3. Opportunities
        1. Expansion Into Clinical Diagnostic Applications
        2. Integration With AI For Data Interpretation
        3. Growth In Single-Cell RNA Sequencing
        4. Strategic Collaborations To Develop Custom Panels
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Next Generation Sequencing (NGS) based Ribonucleic Acid (RNA) Sequencing Market, By Product and Service, 2021 - 2031 (USD Million)
      1. Consumables
      2. Extraction & Purification Kits
      3. Library Preparation Kits
      4. Sequencing Reagents & Flow Cells
      5. Instruments
      6. Service
      7. RNA-Sequencing
      8. Bioinformatics & Data Analysis
      9. Others
    2. Next Generation Sequencing (NGS) based Ribonucleic Acid (RNA) Sequencing Market, By Workflow, 2021 - 2031 (USD Million)
      1. Pre-Sequencing
      2. Sequencing
      3. Data Analysis
    3. Next Generation Sequencing (NGS) based Ribonucleic Acid (RNA) Sequencing Market, By Application, 2021 - 2031 (USD Million)
      1. Drug Discovery & Development
      2. Oncology
      3. Infectious Diseases
      4. Clinical Diagnostics
      5. Others
    4. Next Generation Sequencing (NGS) based Ribonucleic Acid (RNA) Sequencing Market, By End Use, 2021 - 2031 (USD Million)
      1. Pharmaceutical & Biotechnology Companies
      2. Hospitals & Clinics
      3. Academic & Research Institutes
      4. Others
    5. Next Generation Sequencing (NGS) based Ribonucleic Acid (RNA) Sequencing Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Illumina, Inc.
      2. Thermo Fisher Scientific
      3. QIAGEN
      4. Oxford Nanopore Technologies
      5. PerkinElmer, Inc.
      6. Agilent Technologies
      7. F. Hoffmann-La Roche Ltd.
      8. BGI Genomics
      9. Bio-Rad Laboratories
      10. Takara Bio Inc.
      11. Tecan Trading AG
      12. Hamilton Company
      13. Eurofins Scientific
      14. PACBio (Pacific Biosciences)
      15. Genomatix GmbH
  7. Analyst Views
  8. Future Outlook of the Market