Next-generation Sequencing Informatics Market to Reach $3.18 Bn, Globally, by 2030 at 13.3% CAGR: Allied Market Research

Rise in investments, technological advancements in NGS informatics tools, and preference toward personalized medicines drive the growth of the global next-generation sequencing information market.

News provided by

Allied Market Research

Dec 21, 2021, 06:42 ET

PORTLAND, Ore., Dec. 21, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Next Generation Sequencing Informatics Market by Product (Data Analysis & Management Tools, NGS Informatics Services, and Primary and Secondary Data Analysis Tools), Application (Drug Discovery, Diagnostics, Biomarker Discovery, Precision Medicine, and Agriculture & Animal Research) and End User (Hospitals and Clinics, Academic and Research Centers, Pharmaceutical Companies, and Other End Users): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global next-generation sequencing informatics industry generated $933.18 million in 2020, and is estimated to reach $3.18 billion by 2030, growing at a CAGR of 13.3% from 2021 to 2030.

For Right Perspective and Competitive Insights, Get Sample Report at: https://www.alliedmarketresearch.com/request-sample/2824

Major determinants of the market growth

Rise in investments, technological advancements in NGS informatics tools, and preference toward personalized medicines drive the growth of the global next-generation sequencing information market. However, lack of skilled technicians for NGS informatics services and ethical & legal limitation hinder the market growth. On the contrary, rise in prevalence of cancer diseases is expected to open new opportunities for the market players in the future.

Covid-19 scenario:

The NGS informatics helped in understanding the evolving process of the Covid-19 virus and keeping track of the transmission of the virus across the globe. Thus, the pandemic fueled the investments in the market.
However, lockdown and restrictions on social gathering hampered the market and created shortage of workforce.

The data analysis and management tools segment dominated the market

By product, the data analysis and management tools segment held the largest share in 2020, accounting for more than half of the global next-generation sequencing information market, due to rise in demand and technological advancements in the NGS informatic tools. However, the NGS informatics services segment is projected to manifest the highest CAGR of 14.7% during the forecast period, owing to use of cloud computing and ability of services of managing enormous genomic data.

Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/2824

The precision medicine segment to portray the highest CAGR through 2030

By incontinence type, the precision medicine segment is expected to portray the highest CAGR of 15.5% during the forecast period, due to rise in investment in R&D and rise in awareness around NGS application in precision medicine. However, the biomarker discovery segment held the largest share in 2020, contributing to more than one-third of the global next-generation sequencing information market, owing to rise in prevalence of cancer as biomarkers to improve quality of cancer treatment and developments in NGS informatics technology.

North America held the lion's share

By region, the market across North America dominated the market in 2020, accounting for around two-fifths of the market, due to presence of high per capita healthcare expenditure, high patient awareness levels, and high prevalence of target diseases. However, the global next-generation sequencing information market across Asia-Pacific is anticipated to register the highest CAGR of 15.1% during the forecast period, owing to rise in demand for NGS informatics and strong presence of key players.

Major market players

Illumina, Inc.
Agilent Technologies Inc.
Thermo Fischer Scientific, Inc.
Qiagen N.V.
F. Hoffmann-La Roche AG
Intrexon Bioinformatics Germany GmbH
DNANexus Inc.
Fabric Genomics Inc.
Partek Incorporated
Sapio Sciences

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Request for 14 days free trial: https://www.alliedmarketresearch.com/avenue/trial/starter

"We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market."

Trending Reports in Healthcare Industry (Book Now with 10% Discount):

Fertility Test Market - Global Opportunity Analysis and Industry Forecast, 2020–2028

Infection Control Market - Global Opportunity Analysis and Industry Forecast, 2019-2028

Cell Therapy Market - Global Opportunity Analysis and Industry Forecast, 2019-2028

Disposable Gloves Market - Global Opportunity Analysis and Industry Forecast, 2019–2028

Radiotherapy Market - Global Opportunity Analysis and Industry Forecast, 2019–2028

IVF Market – U.S. Opportunity Analysis and Industry Forecast, 2019–2028

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/showcase/life-sciences-industry-research/