Next-generation Sequencing Informatics Market

Next-generation Sequencing Informatics Market Insights 2030:

The global next generation sequencing informatics market size accounted for $933.18 million in 2020, and is projected to reach $3,186.69 million by 2030, registering a CAGR of 13.30% from 2021 to 2030. The next-generation DNA sequencing (NGS) technology has made genome and RNA sequencing cost-effective, and can be frequently used as a tool for a wide variety of research applications. This technology uses the bioinformatics methods to support DNA sequencing for researchers and organizations, making DNA sequencing easier.

Next generation sequencing informatics helps in understanding the evolving process of the COVID-19 virus. It also helps in keeping a track over the transmission of the virus globally. Therefore, the COVID-19 pandemic is expected to significantly have a positive impact on the market.

Factors such as reduced cost of sequencing with the use of NGS informatics, increase in initiatives from government to promote use of NGS in R&D, enhanced speed & flexibility offered by NGS software, and continuous innovation & developments in the technology drive the growth of the global next-generation sequencing informatics market. Along with this, technological advancements in the field, increase in awareness and demand for precision medicines, and rise in investments by the major players in the market are propelling the growth of the next generation sequencing informatics market. However, lack of accuracy, precision, and standardization of the technology and dependence on government initiatives for the development of NGS technology hinder the market growth. There is also a scarcity of skilled labor and technicians in the market for NGS informatics services, which is causing a hurdle in the market growth. The ethical and legal limitations such as access to medical records and its distribution is also creating a negative impact over the market. Increased incorporation of NGS technology with other research programs, rise in prevalence of cancer and untapped market opportunities in emerging nations are expected to provide growth opportunities for the market.

Impact Of Covid-19 On Next-generation Sequencing Informatics Market (Pre And Post Analysis)

The outbreak of COVID-19 has disrupted workflows in the healthcare sector across the world. The disease has forced a number of industries to shut their doors temporarily, including several sub-domains of health care. Although, the overall impact of the COVID-19 pandemic remained positive for key players in the next generation sequencing industry.  The COVID-19 pandemic has stressed healthcare system in the world and increased the need to identify the strain of new coronavirus. Next generation sequencing offers an effective and unbiased way to identify the new strain of corona virus. A huge number of researches were conducted on DNA and RNA of corona virus to understand how it enters human cells and to learn about its pathogenesis. Next generation sequencing helps in understanding the evolving process of the COVID virus. It also helps in keeping a track over the transmission of the virus globally. Therefore, the COVID-19 pandemic is expected to significantly have a positive impact on the growth of the global next generation sequencing informatics market.

Next Generation Sequencing Informatics Market Segmentation

The next generation sequencing informatics market is segmented on the basis of product, application, end user, and region. By product, the market is classified into data analysis and management tools, NGS informatics services, and primary and secondary data analysis tools. The data analysis and management tools is sub-segmented into Laboratory Information Management System (LIMS), and Data Interpretation and Reporting Tools. The application segment is further classified based on drug discovery, diagnostics, biomarker discovery, precision medicine and agriculture & animal research. The end user segment is segmented into hospitals and clinics, academic and research centers, pharmaceutical companies and other end users. By region, the next generation sequencing informatics market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Segment review 

By product, the data analysis and management tools segment currently dominates the global next generation sequencing informatics market and is expected to continue during the forecast period owing to the demand and technological advancements in the NGS informatics tools.

By application, the biomarker discovery segment dominated the global next generation sequencing informatics market in 2020. This is attributed to increase in prevalence of cancer, as biomarkers have helped improve the quality of cancer treatment and advancement in technology in next generation sequencing informatics. 

By end user, the academic and research centers segment dominated the global next generation sequencing market in 2020 and is anticipated to continue this trend during the forecast period owing to increased application-based usage in these institutes and rise in oncology research. 

Region segment review

Region wise, North America dominated the next generation sequencing informatics market in 2020, owing to presence of high per capita healthcare expenditure coupled with high patient awareness levels and high prevalence of target diseases in this region. However, Europe is expected to register increase in demand for next generation sequencing informatics and strong presence of key players of this region.

The key players in this next generation sequencing informatics market have adopted key developmental strategies such as product launches and collaboration. The major companies profiled in this report include Illumina, Inc., Thermo Fischer Scientific, Inc., Agilent Technologies Inc., F. Hoffmann-La Roche AG, Qiagen N.V., DNANexus Inc., Intrexon Bioinformatics Germany GmbH, Partek Incorporated, Fabric Genomics Inc., and Sapio Sciences.

Key Benefits For Stakeholders

• The study provides an in-depth analysis of the global next generation sequencing informatics market along with the current trends and future estimations to explain the imminent investment pockets.
• A comprehensive analysis of the factors that drive and restrict the next generation sequencing informatics market growth is provided in the report.
• Comprehensive quantitative analysis of the industry from 2020 to 2030 is provided to enable the stakeholders to capitalize on the prevailing next generation sequencing informatics market opportunities.
• Extensive analysis of the key segments of the industry helps to understand the application and products of next generation sequencing informatics used across the globe.
• Key market players and their strategies have been analyzed to understand the competitive outlook of the next generation sequencing informatics market.

 Next-generation Sequencing Informatics Market Report Highlights