Next Generation Sequencing (NGS) Informatics Market Overview:...

Next Generation Sequencing (NGS) Informatics Market Overview: Driving Forces Behind Rapid Growth & Expansion

Posted 2024-12-23 12:31:05

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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