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Next-generation Sequencing Services Market worth $9.37 billion by 2031 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 23, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Next-generation Sequencing Services Market is projected to reach USD 9.37 billion by 2031 from USD 3.96 billion in 2026, at a CAGR of 18.8% during the forecast period.

Browse 593 market data Tables and 55 Figures spread through 436 Pages and in-depth TOC on “NGS Services Market- Global Forecast to 2031”

Next-generation Sequencing Services Market Size & Forecast:

Market Size Available for Years: 2026–20312026 Market Size: USD 3.96 billion2031 Projected Market Size: USD 9.37 billionCAGR (2026–2031): 18.8%

Next-generation Sequencing Services Market Trends & Insights:

North America accounted for the largest share of 40.9% of the NGS services market in 2025.By type, sequencing services accounted for the largest share of 75.6% of the NGS services market in 2025.By workflow, sequencing accounted for the largest share, at 84.5%, of the NGS services market in 2025.By application, diagnostic applications accounted for the largest share, at 47.7%, of the NGS services market in 2025.

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The NGS services market is expanding as pharmaceutical and biotechnology companies, hospitals and clinical laboratories, and academic research institutes increasingly outsource sequencing workflows to support drug discovery, clinical research, precision medicine, population genomics, and biomarker development. NGS services are widely used for whole-genome sequencing, exome and targeted sequencing, RNA sequencing, de novo sequencing, ChIP sequencing, and methyl sequencing. Growing demand for high-throughput genomic analysis is also increasing the use of presequencing services and downstream bioinformatics support. The rising adoption of long-read sequencing services and customized NGS workflows is further widening the market opportunity. In addition, increasing requirements for data analysis, visualization, interpretation, and storage are strengthening demand for integrated service offerings. These capabilities help customers access advanced sequencing technologies without substantial capital investment, improve workflow scalability, and support complex research and clinical applications.

By type, the sequencing services segment held the largest share of the NGS services market in 2025.

By type, the NGS services market is segmented into presequencing services, sequencing services, bioinformatics & data analysis services, and NGS platform services. In 2025, sequencing services accounted for the largest market share. This is primarily due to the broad use of whole-genome sequencing, exome and targeted resequencing, RNA sequencing, de novo sequencing, ChIP sequencing, and methyl sequencing across clinical research and life science applications. Pharmaceutical and biotechnology companies increasingly outsource sequencing to access advanced platforms without making large capital investments. Hospitals and clinical laboratories also use these services for cancer diagnostics, infectious disease testing, and reproductive health applications. The need for specialized expertise, high-throughput capabilities, and reliable quality control further supports demand. Growing population genomics programs and wider use of NGS in drug discovery are also strengthening sequencing services’ position in the market.

By workflow, the sequencing segment held the largest share of the NGS services market in 2025.

By workflow, the NGS services market is segmented into pre-sequencing, sequencing, and data analysis. In 2025, sequencing accounted for the largest market share. This is mainly due to the extensive use of sequencing workflows across whole-genome sequencing, exome and targeted sequencing, RNA sequencing, de novo sequencing, ChIP sequencing, and methyl sequencing. Sequencing represents the core revenue-generating stage of NGS service delivery and requires access to advanced platforms, skilled personnel, and high-throughput laboratory infrastructure. Pharmaceutical and biotechnology companies increasingly outsource this stage to support biomarker discovery, drug development, and translational research. Hospitals and clinical laboratories also rely on sequencing workflows for cancer, infectious disease, and reproductive health applications. Growing population genomics programs and rising demand for customized NGS studies further support the sequencing workflow segment’s leading position.

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By region, North America accounted for the largest share of the market in 2025.

In 2025, North America held the largest share of the NGS services market. This is supported by strong genomics research infrastructure, high adoption of outsourced sequencing workflows, substantial investment in precision medicine and drug development, and the presence of leading pharmaceutical and biotechnology companies, hospitals, clinical laboratories, and research institutes. The region also benefits from large-scale population genomics programs and increasing use of NGS in cancer diagnostics, infectious disease testing, and reproductive health applications. Growing demand for whole-genome sequencing, RNA sequencing, targeted sequencing, and advanced bioinformatics services continues to support market growth. Wider adoption of long-read sequencing and customized NGS services is further strengthening North America’s position in the global market.

Key Players

Leading players in the Next-generation Sequencing Services companies include Illumina, Inc. (US), Thermo Fisher Scientific Inc. (US), Eurofins Scientific (Luxembourg), Azenta US Inc. (US), BGI Group (China), Revvity (US), Agilent Technologies, Inc. (US), PacBio (US), Oxford Nanopore Technologies plc (UK), F. Hoffmann-La Roche Ltd. (Switzerland), and LGC Limited (UK), among others.

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Next-generation Sequencing Services Market – Investment & funding +Merger & Acquisition

Investment and Funding Context

The NGS services market is witnessing increasing investment, driven by rising demand for genomic diagnostics, research sequencing, precision medicine, and integrated bioinformatics services. Funding activity is increasingly focused on expanding sequencing capacity, strengthening clinical genomics capabilities, broadening geographic reach, and supporting end-to-end genomic analysis. Service providers are also investing in advanced sequencing workflows and data interpretation to address growing research and clinical requirements. For instance, in July 2025, MedGenome raised USD 47.5 million in Series E funding, co-led by Maj Invest and Novo Holdings. The funding is intended to expand access to MedGenome’s genomics and integrated diagnostics offerings across India and other emerging markets. The investment highlights the growing strategic value of scalable sequencing, genomic diagnostics, and research services within the NGS services market.

Revenue Shift Context

The NGS services market is gradually shifting revenue from standardized sequencing offerings to higher-value services such as long-read sequencing, single-cell and spatial sequencing, customized NGS workflows, and integrated bioinformatics & data analysis. The global NGS services market is projected to increase from USD 3.96 billion in 2026 to USD 9.37 billion by 2031, at a CAGR of 18.8%, with a growing share of revenue expected from advanced sequencing and data-intensive services. Conventional offerings such as whole-genome sequencing, whole-exome sequencing, RNA sequencing, and targeted sequencing remain an important revenue base. However, clinical-grade genomic testing, multi-omics analysis, population genomics programs, and advanced data interpretation services are gaining adoption across academic research, pharmaceutical and biotechnology, and clinical settings.

Mergers and Acquisitions

Mergers and acquisitions in the NGS services market are being driven by the need to broaden sequencing portfolios, strengthen bioinformatics and data interpretation capabilities, expand clinical genomics services, and increase access to advanced areas such as long-read sequencing, single-cell analysis, population genomics, and precision medicine workflows.

NGS SERVICES MARKET: MERGERS AND ACQUISITIONS, JANUARY 2023–AUGUST 2026

Month & Year

Deal Type

Company 1

Company 2

Description

March 2026

Collaboration

Illumina, Inc. (US)

Labcorp (US)

Illumina and Labcorp expanded their collaboration to broaden access to precision oncology testing using NGS, including distributed cancer biomarker testing, evidence generation, and development of testing solutions for unmet clinical needs.

July 2025

Collaboration

Azenta US, Inc. (US)

Frenova (US) and Nephronomics (US)

Azenta partnered with Frenova and Nephronomics to perform genomic sequencing for the MyReason genomics research program. GENEWIZ will provide large-scale genomic sequencing to support development of a genotype-phenotype database for cardio-kidney-metabolic diseases.

Company Revenue Share Details

The top five players collectively account for approximately 36–41% of the global NGS services market, indicating a competitive landscape. This reflects the presence of numerous specialized sequencing, genomics, clinical testing, and bioinformatics service providers alongside large global life sciences companies. Key market participants include Illumina, Inc. (US), Thermo Fisher Scientific Inc. (US), Eurofins Scientific (Luxembourg), Azenta US, Inc. (US), BGI Group (China), Revvity (US), Agilent Technologies, Inc. (US), PacBio (US), Oxford Nanopore Technologies plc (UK), F. Hoffmann-La Roche Ltd. (Switzerland), and LGC Limited (UK). These companies compete through broad sequencing capabilities, specialized NGS workflows, geographic reach, laboratory infrastructure, bioinformatics expertise, and support for research and clinical applications. Continued expansion into long-read sequencing, customized NGS services, clinical genomics, and integrated data analysis is further shaping competition in the market.

Browse Adjacent Market: Biotechnology Market Research Reports &Consulting

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Next-generation Sequencing Market by Product (Reagents, Kits, Platforms), Service (CHIP Sequencing, Whole Genome, Methyl, RNA Sequencing), Technology (SBS, Nanopore), Workflow (Sequencing, Data Analysis), Application, Competition – Global Forecast to 2031

Bioinformatics Market by Offerings (Software (Genomics, Multiomics, Proteomics), Services (Analysis, Sequencing)), Function (Variant & Structural Analysis), Use Case (Drug Discovery, Biomarker), End User (Pharma & Biotech, CROs) – Global Forecast to 2031

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KarbunWise Introduces Fast, Cost-Effective LCA Platform for the LEED v5 Era at Greenbuild 2026 in New York

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October 23, 2026

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NEW YORK  , Oct. 23, 2026 /PRNewswire/ — As global property developers, architects, and manufacturers face rigorous new green building standards and cross-border carbon scrutiny, KarbunWise, an enterprise climate technology and advisory firm, announced its formal participation in the Greenbuild International Conference + Expo 2026 in New York City.

Exhibiting under this year’s Greenbuild theme, “Invest for Impact,” KarbunWise has launched a modern, cost-effective software to enable real estate developers, AEC (Architecture, Engineering, and Construction) firms, and industrial manufacturers to automate complex Life Cycle Assessments (LCA) and Environmental Product Declarations (EPDs) with verifiable, audit-grade accuracy.

With the rollout of LEED v5, Whole-Building Life Cycle Assessments (WBLCA) and embodied carbon tracking have evolved from optional bonus credits into non-negotiable prerequisites. This is likely to scale the adoption of LCAs, and KarbunWise offers an alternative to legacy incumbent players that are expensive and not customer-centric. KarbunWise’s product translates Building Information Modeling (BIM) data and factory-floor inputs directly into submission-ready WBLCA models (aligned with MRp2 and MRc2 credits).

Representing KarbunWise at the Jacob K. Javits Convention Center were the founders, Arjun Vijayaragavan and Divya Sukumar. “For years, carbon accounting and life cycle assessments were treated as passive, check-the-box exercises. Today, with LEED v5 mandating embodied carbon baselines and global supply chains enforcing strict transparency, carbon data has become commercial infrastructure. Bringing our platform to North America at Greenbuild marks a pivotal step in our mission to make sustainability data as trusted and audit-ready as financial data for 10,000 enterprises worldwide.” said Arjun Vijayaragavan, Founder & CEO of KarbunWise.

To accelerate adoption across US project teams, KarbunWise also announced a major Greenbuild show initiative: free first-year platform access for qualifying architecture firms, consultants, and developers visiting Booth #1044 during expo, backed by continuous 24/7 technical support from certified LCA practitioners.

Already trusted by more than 100 organisations across the UK, Middle East, and India, including listed conglomerates, leading bedding manufacturers, and global infrastructure contractors, KarbunWise’s platform connects over 200,000 verified LCA datapoints across international databases, including USLCI, Ecoinvent, and ÖKOBAUDAT.

About KarbunWise:

Founded in 2023, KarbunWise is an enterprise climate technology and advisory firm building the trust layer for global sustainability. The company combines an integrated, cloud-based software platform with deep consulting expertise to transform complex carbon and ESG data into audit-ready proof for regulators, enterprise buyers, and investors.

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Curios Launches Video-on-Demand Tools for Filmmakers as Vimeo On Demand Shuts Down

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October 23, 2026

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The direct-to-fan marketplace gives independent filmmakers a new home to sell films, series, and memberships, with help migrating from Vimeo

AUSTIN, Texas, Oct. 23, 2026 /PRNewswire-PRWeb/ — Curios, the direct-to-fan entertainment marketplace, has launched a full set of video-on-demand tools for independent filmmakers and video creators. The launch gives creators affected by the closure of Vimeo On Demand a new place to sell their work directly to audiences, keep their sales revenue, and hold on to the customer relationships they have spent years building.

Vimeo is phasing out its On Demand service in stages. New uploads were blocked on August 22, 2026, and new purchases and subscriptions stopped on September 21, 2026. Final seller payouts were processed on September 24, and the platform will shut down completely on November 20, 2026. On that date, all Vimeo On Demand storefronts and purchase pages go offline, and viewers lose access to the films and series they previously bought or rented.

For filmmakers, the impact is immediate. Sales have already stopped, so every week without a new storefront means lost revenue. And with Vimeo only allowing sellers to export buyers who opted in to updates, many creators risk losing touch with a large part of their audience.

“Every time a platform shuts down, creators get a painful reminder that they never really owned their audience,” said Grant Powell, founder of Curios. “Filmmakers on Vimeo On Demand did everything right, and they’re still losing their storefront. We launched Curios so that can’t happen. You sell directly, you keep your revenue, and every buyer’s contact details are yours to keep, whatever happens next.”

A complete home for independent film

Curios gives filmmakers flexible ways to sell, including full support for TVOD and SVOD, with possible plans for AVOD in the future. Creators can sell titles to own permanently (Electronic sell-through / EST), for one-time rental (Download-to-rent / DTR), offer pay-per-view (PPV) access for events and premieres, and run subscription memberships covering an entire catalog, a single series, or selected titles.

Pre-orders, timed releases, and limited quantities help build excitement around a launch. Bundles and deluxe editions, automated upsells and cross-sells, coupons, and an affiliate program help filmmakers grow each sale and reach new audiences. Free claims let creators give away trailers, extras, or short films in exchange for viewers’ email addresses.

Filmmakers decide whether each title is streaming-only or downloadable. Buyers watch in the Curios mobile app, where films and series sit alongside ebooks, audiobooks, and music. To help creators get started, Curios has also published pricing guidance for film, suggesting typical ranges of $9.99 to $29.99 for titles sold to own.

Better economics and full access to buyers

Curios takes no commission on sales, so creators keep their full sale price. They pay for platform access through a Curios subscription, with a free plan available and no credit card required to sign up. As merchant of record, Curios collects and files sales tax and VAT worldwide, removing a major administrative burden for independent creators.

Filmmakers on Curios receive the contact details of every buyer, along with sales, traffic, and viewing analytics, so they can see how audiences engage with their work and market future releases directly.

Moving from Vimeo On Demand in three steps

Curios has published an automatic importer, and a step-by-step migration guide for Vimeo On Demand sellers. Filmmakers simply connect with Vimeo account to Curios, then Curios automatically migrates their original files, trailers, extras, and artwork directly from Vimeo. Finally, they replace their old Vimeo On Demand links with a single Curios link and let their fans know where to find them.

Curios will also import a filmmaker’s existing Vimeo buyers who opted in to updates. Imported customers will find the films they already own waiting in their Curios library, ready to watch, so viewers who were about to lose access can keep enjoying the work they paid for. Customer lists from other platforms can be imported as well.

Curios is continuing to expand its video tools, with caption and subtitle uploads, region restrictions, country-specific pricing, and smart TV apps currently in development.

Filmmakers can create a free account and read the full migration guide at studio.curios.com.

About Curios

Curios is a direct-to-fan entertainment and content marketplace helping creators publish, promote, sell, and distribute their work directly to audiences. Built for authors, musicians, filmmakers, comedians, and creators of all kinds, Curios supports digital and physical formats in one place.

Creators keep 100% of every sale, retain full ownership of their work, and get direct access to customer data. As merchant of record, Curios handles sales tax, along with customer support, content delivery, fraud disputes, and fast payouts, giving creators the infrastructure to sell direct without having to build it themselves.

Media Contact

Grant Powell, Curios, Inc, 1 3102952129, support@curios.com, https://www.curios.com

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Violet PR Wins Five PRSA-NJ Awards for Campaigns Driving Economic Growth and Innovation

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Award-winning media relations initiatives generated hundreds of news stories for clients

MONTCLAIR, N.J., Oct. 23, 2026 /PRNewswire/ — Violet PR, a national public relations agency specializing in economic development and place branding, has earned five awards from the Public Relations Society of America’s New Jersey Chapter (PRSA-NJ). Together, the campaigns generated more than 425 earned media placements in national, international, regional and niche outlets.

The winning programs ranged from launching a major fitness facility and promoting the growing film industry in New Jersey to showcasing Pittsburgh International Airport’s new terminal, navigating international trade uncertainty in Topeka, Kan., and positioning the Brooklyn Navy Yard as an innovation hub.

“These awards reflect the range of challenges our team helps clients navigate – including building support for emerging industries and elevating major infrastructure investments,” said April Mason, CEO and founder of Violet PR. “Whether we’re promoting a new airport terminal or helping a community navigate international trade uncertainty, our job is to uncover the stories that matter, connect them with influential audiences and deliver results that support our clients’ broader goals.”

For the New Jersey Economic Development Authority (NJEDA), Violet PR’s “Hollywood East: New Jersey Takes Center Stage” campaign earned PRSA-NJ recognition in the “Community Relations” category. Working with the New Jersey Motion Picture & Television Commission and NJEDA, the agency helped build support for the state’s expanding film and television industry by highlighting its economic impact, career opportunities and benefits for local businesses and communities. Over 10 months, the campaign generated 38 earned media placements and more than 336 million impressions.

Violet PR also earned an “Events” award for “Building More Than Muscle: Launching a New Jersey Success Story,” developed for Iron Culture’s new flagship gym in West Orange, N.J. The campaign promoted the grand opening of the $10 million fitness facility, bringing together elected officials, business leaders and community members while generating 45 earned media placements.

The Montclair, N.J.-headquartered agency also won a “Media Relations” award for its campaign, “Brooklyn Navy Yard: From Shipyard to Innovation Engine,” which spotlighted the historic waterfront campus’s transformation into a hub for advanced manufacturing, entrepreneurship and innovation. The campaign generated 85 earned media placements, reaching an audience of 662 million.

The agency’s national work was recognized as well. The “Ready for Takeoff: Commemorating Pittsburgh’s New Airport Opening (2025)” campaign for Pittsburgh International Airport (PIT) earned an award in the “Public Affairs” category. Violet PR executed a strategic communications campaign surrounding the opening of PIT’s new terminal, securing more than 200 earned media placements across national news, business, travel and aviation outlets, with a combined audience reach exceeding 525 million.

In Topeka, Kan., Violet PR’s “The U.S. City Bridging Borders: How Topeka Tackled Tariffs” campaign was recognized in the “PR on a Shoestring Budget” category. As rising U.S.-Canada tariffs threatened up to 20% of local jobs, the agency transformed a complex international trade issue into a compelling story about the economic ties between Kansas and Canada. With a budget of just $10,000 over two months, the campaign secured 57 media placements, with an estimated reach of 224 million.

“What makes these awards especially meaningful is that they recognize five very different campaigns, each requiring a tailored strategy, creative thinking and close collaboration with our clients,” said Christina Forrest, vice president, Violet PR. “We take pride in developing strategic campaigns that deliver meaningful results for our clients, and we’re grateful to PRSA-NJ for the honor.”

The PRSA-NJ Pyramid Awards recognize excellence in public relations and communications, honoring the strategy, creativity and impact of agencies and in-house teams across New Jersey and beyond.

Violet PR continues to earn national recognition for its growth and economic development industry expertise. The agency ranked No. 96 on O’Dwyer’s 2026 list of independent public relations firms following 22.6% year-over-year growth in 2025 and has appeared on the Inc. 5000 list for three consecutive years. Violet PR opened its second office in New York City this year.

About Violet PR

Violet PR is an award-winning public relations firm, recognized nationally as a top agency specializing in economic development, commercial real estate and place branding. The agency partners with cities, states, regions, developers, destinations and mission-driven organizations to build visibility through earned media, thought leadership, social media and strategic storytelling.

Founded in 2010, Violet PR helps clients attract investment, business growth, visitors and talent through earned media campaigns. For more information, visit www.violetpr.com.

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