Next Generation Sequencing (NGS) Data Analysis Market Statistics, Segment, Trends and Forecast 2030

Next-generation Sequencing Data Analysis Market - An Overview

The global next-generation sequencing data analysis market is expected to witness strong growth during the forecast period between 2021 and 2031.

Next-generation sequencing data analysis refers to sequencing technologies which assist in faster enabling of RNA and DNA in comparison to conventional technologies.

Emergence of next-generation sequencing data analysis has played a key role in transforming molecular biology and genomics study. It has witnessed high demand in different end-use segments such as clinical research, academic research, pharma, hospitals, and clinics.

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It is anticipated that continuous development in the mhealth segment with the advent of applications could play a key role in the growth of prominent next-generation sequencing data analysis market players, in future.

Next-generation Sequencing Data Analysis Market - Trends and Opportunities

Growing number of genome programs in leading economies globally is the key growth driver for the next-generation sequencing data analysis market.

Also, emergence and development of cloud-based next-generation sequencing data analysis could create significant revenue-generating opportunities for prominent next-generation sequencing data analysis market players, in the coming years.

In addition to this, rising deployment of next-generation sequencing data analysis in the production of oncology precision medicine could fuel market growth in, in future.

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The advent of novel health-related mobile applications could trigger the growth in global next-generation sequencing data analysis market as well as future market demand for mhealth, too.

IoT market surveys indicate that the technology is expected to be adopted extensively in several industries in future. The integration of this technology could improve the quality of next-generation sequencing data analysis and propel the overall market growth, in the coming years.

Services segment is expected to make the largest contribution to the overall next-generation sequencing data analysis market, in terms of revenue, because of increased adoption of cost-effective next-generation sequencing data analysis by various establishments which do not possess the desired infrastructure for interpretation and data management.

Next-generation Sequencing Data Analysis Market - Competitive Landscape

The global next-generation sequencing data analysis market is highly competitive, with the presence of several prominent players. Many of these players have become successful owing to years of delivering consistent results and are expected to account for a large share in the overall market, in future.

Growth strategies such as novel product launches could create revenue-generating opportunities for leading players and help gain a competitive edge over other players, in future.

Collaboration with smaller players could assist well-established next-generation sequencing data analysis market players expand their market presence and increase their revenue shares.

Increased adoption of advanced technologies such as IoT in data sequencing analysis could stimulate the growth in the global market, in the years ahead.

A few leading players in the global next-generation sequencing data analysis market include ThermoFischer Scientific, Qiagen, Agilent Technologies Inc., Eurofins Scientific, and Partek Incorporated.

Next-generation Sequencing Data Analysis Market - Regional Assessment

Europe is expected to offer maximum revenue-generating opportunities for the overall market because of the presence of several well-established market players in countries such as UK and Germany.

Prominent market players could develop mhealth applications, which could help in the growth of the segment and in turn, the growth of the next-generation sequencing data analysis market in the region.

Asia Pacific is projected to witness significant growth in the overall market in the coming years because of growing awareness about the understanding of cancer by deploying sequencing technologies in countries such as Japan.

North America is anticipated to witness strong growth in the global next-generation sequencing data analysis market owing to the presence of developed healthcare infrastructure facilities in countries such as US and Canada.

Other regions of the world such as Latin America and Middle East and Africa are expected to witness moderate growth owing to reduced presence of market players in countries belonging to both the regions.

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This release was published on openPR.