Next Generation Sequencing (NGS) Informatics Market
The Global Next Generation SequencingInformatics Market (NGS informatics market) will grow at a CAGR of 22.1%
during the forecast period to reach USD 1,305.1 million by 2022, according to
the latest publication from Meticulous Research®. The global next
generation sequencing informatics market (NGS informatics market) is
driven by the reduced cost of DNA sequencing with the use of NGS informatics,
various government initiatives, rising clinical applications, substitution of
Microarray technology by NGS, continuous innovation & developments in
technology, and increasing investments and funding for life sciences,
pharmaceutical, and biotechnology research. Moreover, growing investments in
the personalized medicine and increasing initiative from governments to promote
the use of NGS informatics is further propelling the growth of NGS informatics
market globally. However, lack of accuracy & standardization of technology,
ethical challenges, and reduced grants and funding from government in various
countries are expected to inhibit the growth of NGS informatics market to some
extent.
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The global NGS
informaticsmarket is mainly segmented by product & services (NGS
informatics services, data analysis and management tools, primary and secondary
data analysis tools, and data interpretation &reporting tools), by function
(biological interpretation, experimental design, sequencing, data management,
and primary analysis), by application (biomarker discovery, precision medicine,
diagnostics, drug discovery, and differential gene expression), by end user
(academics and research institutes, pharmaceuticals industry,
biopharmaceuticals industry, government agencies, and hospitals & clinics),
and by geography (North America, Europe, Asia-Pacific, Latin America, and
Middle East & Africa).
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North America held the
major share in the global NGS informatics market, followed by Europe and
Asia-Pacific. Increasing demand for clinical information technology, various
government initiatives and availability of funds, and promotion of NGS by
research laboratories and academicians are the major factors fueling the growth
of NGS informatics market in North America. In addition, the presence of many
bioinformatics players in this market improves the product accessibility which
further propels the growth of the market.However, Asia-Pacific region possesses
lucrative growth potential for the NGS informatics market during the forecast period.
This is mainly attributed to the increasing population, rising rate of diseases
and various government initiatives to promote the genomic research to
understand the complex biological process and genetic mutation present in
life-threatening diseases, in order to reduce the rising rate of chronic
diseases and infectious diseases in this region.
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Global Next Generation
Informatics Market, By Geography, 2017- 2022
The leading companies
have employed various strategies to expand their product and application
offerings, global footprint, and augment their market share in the global
market. The key players in the global NGS informatics market are Illumina,
Inc.(U.S.), Thermo FisherScientific Inc.(U.S.), Qiagen N.V.(The Netherlands),
F. Hoffmann-La Roche AG (U.S.), PerkinElmer Inc. (U.S.), BIOVIA (Dassault
Systèmes) (U.S.), Amazon Web Services LLC(U.S.), International Business
Machines Corporation (U.S.), GENEWIZ, Inc.(U.S.), Beijing Genomics Institute
(BGI) (China), BioTeam Inc. (U.S.), Biomatters Ltd. (New Zealand), DNAnexus,
Inc. (U.S.), DNASTAR, Inc. (U.S.), Eagle Genomics (U.K.), Edge Biosystems
(U.S.), Genomatix AG (Germany), Partek Incorporated (U.S.), PierianDx, Inc.
(U.S.), Real Time Genomics, Inc. (New Zealand), SoftGenetics, LLC (U.S.), and
Sapio Sciences (U.S.).
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About Meticulous Research®
Meticulous Research® is
founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in
2013 as a private limited company under the Companies Act, 1956. Since its
incorporation, the company has become the leading provider of premium market
intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle
East & Africa.
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