Meticulous Research® has released a pivotal research report titled “Next Generation Sequencing (NGS) Informatics Market by Offering (Data Analysis, Interpretation & Reporting, Storage & Computing, LIMS), Application (Diagnostic, Drug Discovery, Precision Medicine, Biomarker Discovery) End User - Global Forecast to 2030.” This comprehensive analysis forecasts that the NGS informatics market will reach $4.3 billion by 2030, achieving a CAGR of 15.4% throughout the forecast period. The growth drivers identified in this report include increased R&D investments by pharmaceutical and biotechnology companies, the rising incidence of cancer and genetic disorders, and the expanding use of NGS in diagnostics and precision medicine. Additionally, government initiatives that promote large-scale genomic sequencing are expected to bolster market expansion, despite the ongoing challenges posed by data privacy concerns.

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The rising use of NGS informatics tools in clinical laboratories offers considerable opportunities for the adoption of bioinformatics and genomic data management solutions, critical for analyzing extensive datasets. However, a notable challenge persists in the form of a shortage of skilled professionals capable of effectively using NGS informatics tools.

Comprehensive Market Segmentation

The NGS informatics market is segmented by offering into various categories, including software (data analysis, interpretation, reporting, storage, and Laboratory Information Management Systems [LIMS]), deployment modes (web/cloud-based and on-premise), applications (diagnostics, biomarker discovery, drug discovery, precision medicine, agriculture, and animal research), end users (pharmaceutical and biotechnology companies, hospitals, diagnostic labs, and academic institutions), and geographic regions. The report also evaluates competitive dynamics and analyzes the market at both regional and country levels.

In 2023, the software segment is expected to dominate the market, largely due to its ability to process, store, and share large genomic datasets efficiently, addressing the rising demand for scalable data management solutions.

The drug discovery segment is projected to lead the market share in 2023, driven by decreasing sequencing costs and the capacity of NGS informatics to identify numerous genetic mutations.

Among end users, pharmaceutical and biotechnology firms are expected to hold the largest share of the market in 2023, attributed to their increasing sequencing capabilities and substantial R&D efforts.

Regional Overview

The report also highlights major geographic markets, focusing on regions such as North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and other countries), Asia-Pacific (China, Japan, India, and the wider Asia-Pacific region), Latin America (Brazil, Mexico, and the rest of Latin America), and the Middle East & Africa.

In 2023, North America is anticipated to account for the largest share of the NGS informatics market, with Europe and Asia-Pacific following. The U.S. is projected to be the dominant player in North America, driven by increasing R&D spending, a strong presence of leading NGS informatics companies, and supportive government policies for genomics research.

Conclusion

The NGS informatics market is on an impressive growth trajectory, driven by technological advancements, heightened research investments, and an increasing application of NGS across multiple sectors. While challenges such as data privacy concerns and a lack of skilled personnel persist, the overall outlook remains positive, presenting significant opportunities for innovation and growth within the market.

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Key Players

The key players operating in the next generation sequencing (NGS) informatics market are Illumina, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Qiagen N.V. (Netherlands), Agilent Technologies, Inc. (U.S.), Sapio Sciences, LLC (U.S.), DNASTAR, Inc. (U.S.), Fabric Genomics, Inc. (U.S.), Partek Incorporated (U.S.), and DNAnexus, Inc. (U.S.).

Key questions answered in the report:

Which are the high-growth market segments in terms of offering, application, end user, and region/country?
What was the historical market size for next generation sequencing (NGS) informatics across the globe?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, challenges, and opportunities in the global next generation sequencing (NGS) informatics market?
Who are the major players in the global next generation sequencing (NGS) informatics market?
How is the competitive landscape, and who are the market leaders in the global next generation sequencing (NGS) informatics market?
What are the recent developments in the next generation sequencing (NGS) informatics market?
What are the different strategies adopted by the major players in the next generation sequencing (NGS) informatics market?
What are the geographical trends and high growth regions/countries?

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