Global Next Generation Sequencing (NGS) Informatics Market Report 2024–2030: Size, Share, Trends & Forecast

Global Next Generation Sequencing (NGS) Informatics Market Overview: 2024-2030

Base Year: 2023

Historical Years:  2019-22

Forecast Years: 2024-2030

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.

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Global Next Generation Sequencing (NGS) Informatics Market Dynamics: 2024-2030

Global Next Generation Sequencing (NGS) Informatics Market 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.

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Global Next Generation Sequencing (NGS) Informatics Market (2024-30): Segmentation Outlook

The market 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

The Software segment in the Next Generation Sequencing (NGS) Informatics Market is experiencing significant & sustained expansion, 

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

Historically, the North American region, particularly the US, has been the leading force in the Global Next Generation Sequencing (NGS) Informatics Market 

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Top Companies Operating in the Global 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

 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.

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