How Big is the Next Generation Sequencing (NGS) Informatics Market?
The Global Next Generation Sequencing (NGS) Informatics Market is estimated to grow at a CAGR of around 14.5% during the forecast period, i.e., 2024-30. This expansion is driven by a surge in interest & demand for next-generation sequencing informatics solutions, particularly in regions such as North America, Europe, and parts of Asia. The demand for advanced informatics tools extends across a diverse user base, including research institutions, healthcare providers, and biotechnology companies, reflecting both established experts & newcomers in the field of genomics. The market growth is fueled by the rising prominence of genomic research and its application in various fields, including diagnostics, drug development, and personalized medicine. To meet the industry’s evolving demands, companies have made significant investments in research and development (R&D), further leading to the creation of innovative informatics technologies.
Market Statistics
- Market Growth Rate (CAGR): 14.5% from 2024-2030
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Next Generation Sequencing (NGS) Informatics Market Insight:
Driver-
Advancements in Genomic Research to Drive Growth in the Global Market – The growing emphasis on genomic research applications has emerged as a significant driver in shaping the Next Generation Sequencing (NGS) Informatics Market. This has driven the increasing interest and demand for advanced informatics solutions in several regions. Companies in the market are responding by making substantial R&D investments, resulting in innovative informatics technologies that enhance the capabilities of next-generation sequencing data analysis.
Furthermore, the expanding applications of genomics across diverse sectors, from healthcare to agriculture, underpin the market’s sustained growth, meeting the evolving demands of researchers and industries seeking genomic insights & innovations. Moreover, the development in genomic research is reshaping consumer preferences and driving innovation within the Next Generation Sequencing (NGS) Informatics Industry, positioning it for long-term expansion.
Next Generation Sequencing (NGS) Informatics Market Segmentation:
The report has segmented the market into the following categories:
By Offering
- Software- Market Size & Forecast 2019-2030, USD Million
- Data Analysis Software- Market Size & Forecast 2019-2030, USD Million
- Data Interpretation & Reporting Tools- Market Size & Forecast 2019-2030, USD Million
- Data Storage & Computing Tools- Market Size & Forecast 2019-2030, USD Million
- Laboratory Information Management Systems (LIMS)- Market Size & Forecast 2019-2030, USD Million
- Others (Variant Annotation Software, Epigenomics Analysis Software, etc.) – Market Size & Forecast 2019-2030, USD Million
- NGS Informatics Services- Market Size & Forecast 2019-2030, USD Million
By Application
- Biomarker Discovery- Market Size & Forecast 2019-2030, USD Million
- Precision Medicine- Market Size & Forecast 2019-2030, USD Million
- Diagnostics- Market Size & Forecast 2019-2030, USD Million
- Drug Discovery- Market Size & Forecast 2019-2030, USD Million
- Differential Gene Expression– Market Size & Forecast 2019-2030, USD Million
- Agriculture & Animal Research- Market Size & Forecast 2019-2030, USD Million
- Others (Environmental Genomics, Epigenetics Research, etc.) – Market Size & Forecast 2019-2030, USD Million
By Function
- Biological Interpretation- Market Size & Forecast 2019-2030, USD Million
- Experimental Design- Market Size & Forecast 2019-2030, USD Million
- Sequencing- Market Size & Forecast 2019-2030, USD Million
- Data Management- Market Size & Forecast 2019-2030, USD Million
- Primary Analysis- Market Size & Forecast 2019-2030, USD Million
By Deployment- Market Size & Forecast 2019-2030, USD Million
- Web- & Cloud–based- Market Size & Forecast 2019-2030, USD Million
- On-Premise- Market Size & Forecast 2019-2030, USD Million
By End User
- Hospitals & Diagnostic Laboratories- Market Size & Forecast 2019-2030, USD Million
- Pharmaceutical & Biotechnology Companies- Market Size & Forecast 2019-2030, USD Million
- Academic & Research Institutes- Market Size & Forecast 2019-2030, USD Million
- Government Agencies- Market Size & Forecast 2019-2030, USD Million
- Others (Clinical Research Organizations (CROs), Veterinary & Animal Health Institutions, etc.)- Market Size & Forecast 2019-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Competitive Landscape:
- Hoffmann-La Roche Ltd.
- lllumina Inc.
- Agilent Technologies Inc.
- Dnanexus Inc.
- Qiagen NV
- Revvity, Inc.
- IBM Corporation
- Eagle Genomics Ltd.
- Thermo Fischer Scientific Inc.
- Sapio Sciences
- Partek Incorporated
- DNASTAR Inc.
- Fabric Genomics, Inc.
- BGI Genomics
- Sophia Genetics
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2024-2030)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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