European NGS Services Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0187323
  • Format: Electronic (PDF)
  • Number of Pages: 194
  • Author(s): Joshi, Madhavi

Report Overview

The European NGS Services Market size was estimated at USD 1.5 billion in 2023 and is projected to reach USD 3.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.20% during the forecast period (2024-2030).

European NGS Services Market

(Market Size)
$1.5 billion
$3.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.20%
2023 Market Size USD 1.5 billion
2030 Market Size USD 3.2 billion
Key Players Illumina, Thermo Fisher, Eurofins, BGI, QIAGEN

Market Summary

The European NGS services market is a dynamic and rapidly evolving segment within the biotechnology industry, characterized by the provision of next-generation sequencing solutions to various end-users including academic institutions, research organizations, pharmaceutical companies, and clinical diagnostics entities. This market encompasses a wide array of services such as sequencing, data analysis, and bioinformatics, which are critical for advancements in genomics, personalized medicine, and drug discovery. The region's strong emphasis on biomedical research, supported by substantial funding from both public and private sectors, fuels the demand for high-quality NGS services. Countries like Germany, the United Kingdom, and France are at the forefront, hosting numerous leading service providers and research institutes. The market is also influenced by the increasing adoption of precision medicine approaches and the growing prevalence of chronic diseases, which necessitate extensive genomic studies. Additionally, collaborations between academic institutions and commercial entities are common, fostering innovation and expanding service capabilities. The regulatory environment in Europe, including directives from the European Medicines Agency and adherence to GDPR for data handling, shapes operational frameworks for service providers. Technological advancements, such as the development of long-read sequencing and reduced costs per base pair, continue to drive market growth, making NGS more accessible and applicable across diverse fields.

Key Highlights

The European NGS services market is distinguished by several key highlights that underscore its significance and growth trajectory. One prominent aspect is the strong presence of established players like Illumina, Thermo Fisher Scientific, and Qiagen, who offer comprehensive sequencing solutions and maintain robust distribution networks across the region. These companies are complemented by a vibrant ecosystem of specialized service providers and startups focusing on niche applications such as metagenomics or single-cell sequencing. Another highlight is the increasing integration of artificial intelligence and machine learning in data analysis, enhancing the accuracy and efficiency of genomic interpretations. The market is also marked by a rising trend of outsourcing sequencing activities by pharmaceutical and biotechnology firms to leverage external expertise and reduce operational costs. Furthermore, strategic partnerships and mergers are frequent, aimed at expanding technological portfolios and geographic reach. The emphasis on personalized medicine and companion diagnostics is driving demand for clinical NGS services, particularly in oncology and rare disease research. Additionally, the market benefits from supportive government initiatives and funding programs, such as those under Horizon Europe, which promote genomic research and infrastructure development. The growing adoption of NGS in non-invasive prenatal testing and infectious disease surveillance represents expanding application areas, contributing to market diversification and resilience.

Drivers, Opportunities & Restraints

The European NGS services market is propelled by several key drivers, including the escalating demand for personalized medicine, which relies heavily on genomic data to tailor treatments to individual patients. Advancements in sequencing technologies that offer higher throughput and reduced costs are also significant drivers, making NGS more accessible to a broader range of users. Additionally, the increasing prevalence of chronic diseases such as cancer and cardiovascular disorders necessitates extensive genomic research, further boosting market growth. Supportive government policies and funding for genomic research initiatives across European countries provide a strong foundation for market expansion. Opportunities in this market are abundant, particularly in the development of novel applications like liquid biopsies and microbiome analysis, which open new revenue streams for service providers. The rising adoption of NGS in agricultural biotechnology and forensic sciences also presents untapped potential. However, the market faces certain restraints, including high initial costs associated with advanced sequencing platforms and the need for skilled bioinformaticians to handle complex data. Data privacy concerns and stringent regulatory requirements, such as those imposed by the GDPR, can pose challenges for service providers in terms of compliance and operational flexibility. Moreover, the lack of standardization in data analysis and interpretation may hinder consistent service quality and adoption rates.

Concentration Insights

The concentration of the European NGS services market is characterized by a mix of large multinational corporations and specialized regional players, creating a competitive yet collaborative landscape. Major companies like Illumina, Thermo Fisher Scientific, and Eurofins Scientific hold significant market shares due to their extensive product portfolios, global reach, and strong R&D capabilities. These entities often engage in strategic acquisitions to consolidate their positions and expand into emerging application areas. Alongside these giants, there is a notable presence of mid-sized and small firms that focus on specific niches, such as BGI Genomics for large-scale sequencing or Genewiz for custom services, contributing to market diversity. Geographic concentration is evident, with key hubs in countries such as Germany, the UK, and Switzerland, where biotechnology clusters and research institutions are densely located. These regions benefit from robust infrastructure, funding availability, and a highly skilled workforce, attracting both domestic and international investments. The market also sees concentration in terms of service types, with sequencing services dominating, followed by data analysis and bioinformatics. Collaboration between academia and industry is common, leading to innovation clusters that drive regional market growth. However, competition is intensifying as new entrants leverage technological advancements to offer cost-effective solutions, prompting established players to continuously innovate and enhance their service offerings.

Type Insights

The European NGS services market can be segmented based on service type into sequencing services, data analysis, and bioinformatics, each playing a critical role in the genomics value chain. Sequencing services form the largest segment, encompassing various platforms such as Illumina's NovaSeq and Thermo Fisher's Ion Torrent, which cater to different throughput and accuracy requirements. These services include whole genome sequencing, exome sequencing, and targeted sequencing, with applications ranging from research to clinical diagnostics. Data analysis services are gaining prominence due to the massive volumes of data generated by NGS, requiring sophisticated computational tools for alignment, variant calling, and annotation. Providers offer customized pipelines to meet specific research needs, often integrating cloud-based solutions for scalable storage and processing. Bioinformatics services complement data analysis by providing expert interpretation and visualization of genomic data, essential for deriving actionable insights. This segment is evolving with the incorporation of AI and machine learning to enhance predictive analytics and pattern recognition. Additionally, service providers are increasingly offering end-to-end solutions that combine sequencing with analysis, providing clients with comprehensive support from sample preparation to final report generation. The demand for specialized services, such as single-cell sequencing or epigenomics, is rising, driven by advanced research requirements and technological innovations.

Application Insights

Applications of NGS services in Europe span a wide spectrum, significantly impacting fields such as oncology, clinical diagnostics, agricultural biotechnology, and research and development. In oncology, NGS is pivotal for cancer genomics, enabling the identification of mutations, biomarkers, and therapeutic targets, which facilitates personalized treatment strategies and drug development. Clinical diagnostics applications include non-invasive prenatal testing, carrier screening, and infectious disease surveillance, where NGS offers high accuracy and comprehensive profiling. The agricultural sector leverages NGS for crop improvement, livestock genomics, and pathogen detection, supporting food security and sustainability efforts. In research and development, academic institutions and pharmaceutical companies utilize NGS for functional genomics, drug discovery, and population studies, driving scientific advancements. The market is also witnessing growth in emerging applications such as microbiome analysis for human health and environmental monitoring, as well as forensic genomics for legal and identification purposes. Additionally, the rise of precision medicine and companion diagnostics is expanding the use of NGS in routine clinical practice, necessitating robust validation and regulatory compliance. The versatility of NGS technology allows for continuous exploration of new applications, fostering innovation and broadening market scope across diverse industries.

Regional Insights

Regionally, the European NGS services market exhibits varied growth patterns and adoption rates, influenced by factors such as healthcare infrastructure, research funding, and regulatory frameworks. Western Europe, particularly Germany, the United Kingdom, and France, represents the largest market share due to well-established biotechnology sectors, high healthcare expenditure, and strong governmental support for genomic research. Germany stands out with its numerous research institutes and pharmaceutical companies actively engaging in NGS applications. The UK benefits from initiatives like the Genomics England project, which promotes the integration of genomics into healthcare. France is notable for its national plan for genomics medicine, driving demand for sequencing services. Southern European countries, including Italy and Spain, are experiencing gradual growth, supported by increasing investments in biomedical research and rising awareness of personalized medicine. Northern Europe, with countries such as Sweden and Denmark, showcases advanced adoption of NGS in clinical and research settings, leveraging strong digital health infrastructure and collaborative ecosystems. Eastern Europe is an emerging region, with Poland and Hungary witnessing growing interest in NGS services, albeit from a smaller base, due to improving research capabilities and EU funding programs. Overall, regional disparities exist in terms of technology access and expertise, but concerted efforts are being made to harmonize standards and foster cross-border collaborations.

Company Insights

The competitive landscape of the European NGS services market features a blend of global leaders and specialized regional firms, each contributing to market dynamics through innovation and strategic initiatives. Illumina Inc. is a dominant player, offering a comprehensive suite of sequencing platforms and services, with a strong presence across Europe through direct sales and partnerships. Thermo Fisher Scientific is another key competitor, providing Ion Torrent sequencing technology and integrated solutions for various applications. Qiagen NV focuses on sample preparation and data analysis, enhancing its offerings through acquisitions like that of NeuMoDx Molecular. Eurofins Scientific is a prominent service provider, offering extensive genomic services through its network of laboratories. BGI Genomics has expanded its footprint in Europe, providing cost-effective sequencing solutions and engaging in collaborative projects. Other notable companies include Oxford Nanopore Technologies, known for its portable sequencing devices, and Sophia Genetics, which specializes in data-driven medicine and AI-powered analytics. These companies engage in continuous R&D to improve sequencing accuracy, reduce costs, and expand application scope. Strategic collaborations with academic institutions and healthcare providers are common, facilitating technology transfer and market penetration. The presence of numerous smaller firms and startups adds to the competitive intensity, often focusing on niche segments or innovative service models to differentiate themselves.

Recent Developments

Recent developments in the European NGS services market reflect ongoing innovation and strategic movements aimed at enhancing service capabilities and market reach. Illumina launched new sequencing platforms with improved throughput and reduced operational costs, reinforcing its leadership position. Thermo Fisher Scientific expanded its Ion Torrent portfolio with updates that enhance clinical applicability and data accuracy. Qiagen introduced advanced bioinformatics tools integrated with its sequencing solutions, focusing on streamlined data interpretation. Eurofins Scientific acquired several regional laboratories to strengthen its geographic presence and service diversity. Oxford Nanopore Technologies made significant strides with its MinION device, gaining traction in field-based applications and pandemic surveillance. Sophia Genetics formed partnerships with European hospitals to implement AI-driven genomic diagnostics, promoting personalized medicine adoption. Additionally, there has been a surge in collaborations between service providers and pharmaceutical companies to co-develop companion diagnostics and accelerate drug discovery processes. Regulatory advancements, such as the EU's In Vitro Diagnostic Regulation, have prompted companies to invest in compliance and quality assurance measures. The market also saw increased investment in cloud-based data management solutions to address growing data volumes and security concerns. These developments indicate a trend towards integrated, end-to-end services and a focus on expanding clinical applications to drive future growth.

Report Segmentation

The report on the European NGS services market provides a detailed segmentation to offer comprehensive insights into various aspects influencing market dynamics. It is segmented by service type, including sequencing services, data analysis services, and bioinformatics services, each analyzed for their market share and growth potential. Sequencing services are further broken down into whole genome sequencing, exome sequencing, targeted sequencing, and others, highlighting application-specific demands. The application segmentation covers oncology, clinical diagnostics, research and development, agricultural biotechnology, and other emerging fields, detailing the adoption trends and future opportunities in each area. Geographic segmentation divides the market into key regions such as Western Europe, Southern Europe, Northern Europe, and Eastern Europe, with country-level analysis for major markets like Germany, UK, France, and Italy. Additionally, the report includes segmentation by end-user, encompassing academic and research institutions, pharmaceutical and biotechnology companies, hospitals and clinics, and other entities, providing insights into demand patterns across different sectors. Each segment is evaluated based on factors such as technology advancements, regulatory impact, and competitive landscape, offering stakeholders a holistic view of market structure and growth prospects. This segmented approach enables targeted strategies and informed decision-making for businesses operating in or entering the European NGS services market.

FAQs

What is next-generation sequencing (NGS) and how is it used in Europe? Next-generation sequencing is a high-throughput technology that enables rapid sequencing of DNA and RNA, widely used in Europe for applications such as genomic research, clinical diagnostics, and personalized medicine. It allows for comprehensive analysis of genetic variations, facilitating advancements in disease understanding and treatment.

Who are the key players in the European NGS services market? Key players include Illumina, Thermo Fisher Scientific, Qiagen, Eurofins Scientific, BGI Genomics, and Oxford Nanopore Technologies. These companies offer a range of sequencing platforms and services, driving innovation and market growth through continuous R&D and strategic expansions.

What are the main applications of NGS services in biotechnology? Main applications include cancer genomics, drug discovery, infectious disease monitoring, agricultural genomics, and forensic analysis. In Europe, NGS is increasingly adopted for precision medicine and non-invasive prenatal testing, reflecting its versatility and critical role in biotechnology advancements.

Which European countries lead in NGS adoption? Germany, the United Kingdom, and France are leaders due to strong research infrastructure, government funding, and high healthcare standards. Countries like Sweden and Denmark also show advanced adoption, supported by robust digital health systems and collaborative research initiatives.

What are the challenges facing the NGS services market in Europe? Challenges include high costs of advanced sequencing, data privacy regulations under GDPR, need for skilled bioinformatics personnel, and lack of standardization in data analysis. These factors can hinder widespread adoption and require ongoing investments and regulatory compliance.

How is the NGS services market evolving in terms of technology? The market is evolving with advancements such as long-read sequencing, portable devices, and integration of AI for data analysis. These innovations improve accuracy, reduce costs, and expand applications, making NGS more accessible and effective for various users in Europe.

Citius Research has developed a research report titled “European NGS Services Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• European NGS Services Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The European NGS Services Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

European NGS Services Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

European NGS Services Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of European NGS Services Market
• Research Methodology
• Executive Summary
• Market Dynamics of European NGS Services Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of European NGS Services Market
• Cost and Gross Margin Analysis of European NGS Services Market
• European NGS Services Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “European NGS Services Market Report - Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

European NGS Services Market Key Stakeholders

Below are the key stakeholders for the European NGS Services Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

European NGS Services Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the European NGS Services Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the European NGS Services Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in European NGS Services Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global European NGS Services Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global European NGS Services Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global European NGS Services Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global European NGS Services Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global European NGS Services Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global European NGS Services Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America European NGS Services Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America European NGS Services Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe European NGS Services Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA European NGS Services Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific European NGS Services Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa European NGS Services Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia European NGS Services Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports