Global Next Generation Sequencing (NGS)-based Ribonucleic Acid (RNA) Sequencing Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product and Service;

Sample Preparation, Sequencing Platforms and Consumables, Sequencing Services, and Data Analysis.

By Technology;

Sequencing By Synthesis, Ion Semiconductor Sequencing, Single-Molecule Real-Time Sequencing, and Nanopore Sequencing.

By Application;

Expression Profiling Analysis, Small RNA Sequencing, De Novo Transcriptome Assembly and Variant Calling, and Transcriptome Epigenetics.

By End User;

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

By Geography;

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

Introduction

Global Next Generation Sequencing (NGS)-based Ribonucleic Acid (RNA) Sequencing Market (USD Million), 2021 - 2031

In the year 2024, the Global Next Generation Sequencing (NGS)-based Ribonucleic Acid (RNA) Sequencing Market was valued at USD 9,728.38 million. 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) technology has revolutionized the field of genomics by enabling rapid and cost-effective analysis of nucleic acid sequences. Within this domain, RNA sequencing (RNA-Seq) has emerged as a powerful tool for studying gene expression, RNA splicing, and transcriptome dynamics. The global market for NGS-based RNA sequencing is experiencing remarkable growth, driven by advancements in sequencing technologies, increasing demand for personalized medicine, and expanding applications across various research fields, including oncology, neuroscience, and infectious diseases.

One of the primary drivers of market growth is the expanding adoption of NGS technologies in clinical and translational research. RNA-Seq offers unprecedented insights into disease mechanisms, biomarker discovery, and therapeutic targets, thereby fueling its integration into clinical studies and patient care. Moreover, the declining cost of sequencing and improved data analysis pipelines have made RNA-Seq more accessible to researchers and clinicians worldwide, further propelling market expansion.

The continuous innovation in NGS platforms and bioinformatics tools is enhancing the accuracy, speed, and scalability of RNA sequencing workflows. Manufacturers are investing in developing high-throughput sequencers, sample preparation kits, and data analysis software tailored for RNA-Seq applications, thereby widening the scope of research possibilities and driving market growth. Collaborations between academia, industry, and regulatory bodies are fostering the standardization and validation of RNA-Seq protocols for clinical use, thus instilling confidence in the reliability and reproducibility of NGS-based assays. As a result, the global NGS-based RNA sequencing market is poised for sustained growth, with prospects for further expansion fueled by ongoing technological advancements, increasing research investments, and the growing demand for precision medicine solutions.

  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 Technology
    3. Market Snapshot, By Application
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Global Next Generation Sequencing (NGS)-based Ribonucleic Acid (RNA) Sequencing Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements
        2. Rising demand for personalized medicine
        3. Decreasing sequencing costs
        4. Growing application in research
      2. Restraints
        1. High initial investment
        2. Data storage and analysis challenges
        3. Regulatory hurdles
        4. Limited reimbursement policies
      3. Opportunities
        1. Expansion in emerging markets
        2. Development of novel applications
        3. Collaborations and partnerships
        4. Adoption of cloud-based solutions
    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. Global Next Generation Sequencing (NGS)-based Ribonucleic Acid (RNA) Sequencing Market, By Product and Service, 2021 - 2031 (USD Million)
      1. Sample Preparation
      2. Sequencing Platforms and Consumables
      3. Sequencing Services
      4. Data Analysis
    2. Global Next Generation Sequencing (NGS)-based Ribonucleic Acid (RNA) Sequencing Market, By Technology, 2021 - 2031 (USD Million)
      1. Sequencing By Synthesis
      2. Ion Semiconductor Sequencing
      3. Single-Molecule Real-Time Sequencing
      4. Nanopore Sequencing
    3. Global Next Generation Sequencing (NGS)-based Ribonucleic Acid (RNA) Sequencing Market, By Application, 2021 - 2031 (USD Million)
      1. Expression Profiling Analysis
      2. Small RNA Sequencing
      3. De Novo Transcriptome Assembly
      4. Variant Calling and Transcriptome Epigenetics
    4. Global Next Generation Sequencing (NGS)-based Ribonucleic Acid (RNA) Sequencing Market, By End User, 2021 - 2031 (USD Million)
      1. Research Centers and Academic & Government Institutes
      2. Hospitals & Clinics
      3. Pharmaceutical & Biotechnology Companies
      4. Others
    5. Global 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 Inc
      3. Qiagen N.V
      4. Agilent Technologies Inc
      5. Oxford Nanopore Technologies Ltd
      6. Pacific Biosciences of California Inc
      7. Roche Holding AG
      8. BGI Group
      9. Genewiz
      10. 10x Genomics Inc
  7. Analyst Views
  8. Future Outlook of the Market