Next Generation Sequencing (NGS) Informatics Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Next Generation Sequencing (NGS) Informatics Market Industry (2024-2030):

According to the latest report, the 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. The report demonstrates the prominent factors propelling the exponential growth of the Next Generation Sequencing (NGS) Informatics Market.

Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2019-2022

·        Base year: 2023

·        Forecast Years: 2024-2030

·        CAGR (2025-30): 14.5%

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What are the major Driver the Next Generation Sequencing (NGS) Informatics Market industry?

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 Next Generation Sequencing (NGS) Informatics Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• 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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Top Companies in the Next Generation Sequencing (NGS) Informatics Market

F. Hoffmann-La Roche Ltd., Illumina Inc., Agilent Technologies Inc., Dnanexus Inc., Qiagen NV, PerkinElmer Inc., IBM Corporation, Eagle Genomics Ltd., Thermo Fischer Scientific Inc., Sapio Sciences, Partek Incorporated, DNASTAR Inc., Fabric Genomics Inc., BGI Genomics, Sophia Genetics, and Others

Global Next Generation Sequencing (NGS) Informatics Industry Recent Development:

• 2023: Illumina Inc. partnered with Pillar Biosciences Inc., creators of Decision Medicine™, to make Pillar's oncology assays available worldwide within Illumina's oncology product range. This strategic alliance would provide a unique set of synergistic next-generation sequencing solutions, boosting oncology testing by advancing sequencing methods, and ultimately broadening patient access to personalized cancer treatment choices.
• 2022: Illumina, Inc., unveiled the NovaSeqTM X Series, consisting of two state-of-the-art production-scale sequencers, NovaSeq X and NovaSeq X Plus. These cutting-edge sequencers are set to revolutionize genomic medicine by facilitating quicker, more robust, and environmentally sustainable sequencing processes.

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