Genomic Data Analysis And Interpretation Global Market Report 2024 by The Business Research Company | Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Agilent Technologies Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Beijing Genomics I

The genomic data analysis and interpretation market size has grown rapidly in recent years. It will grow from $1.14 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to the increasing proliferation of direct-to-consumer genetic testing services, rising public interest in genomics, the rapid development of next-generation sequencing (NGS) technologies, increasing integration of genomics into oncology practice, rising FDA approvals for genomic-based diagnostics and therapeutics.

The genomic data analysis and interpretation market size is expected to see rapid growth in the next few years. It will grow to $2.14 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to increasing demand for personalized medicine, growth in research and development activities, rising adoption of high-throughput sequencing technologies, growing awareness and initiatives regarding genetic testing, and expanding applications of genomics in agriculture. Major trends in the forecast period include the integration of multi-omics data, AI and machine learning advancements, expansion of epigenomic analysis, shift towards cloud-based genomic data analysis platforms, and expansion in pharmacogenomics.

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Genomic Data Analysis And Interpretation Market Major Segments
The genomic data analysis and interpretation market covered in this report is segmented -

1) By Product: Software, Services
2) By Application: Functional Genomics, Real-time Polymerase Chain Reaction (PCR), Transfection, Single Nucleotide Polymorphisms (SNP) Analysis, Mutational Analysis, Microarray Analysis, Ribonucleic Acid (RNA) Interference, Pathway Analysis
3) By End User: Research And Academic Institutions, Biotechnology And Biopharmaceutical Companies, Hospitals And Diagnostic Laboratories, Contract Research Organizations, Forensic Laboratories, Other End Users

Key Driver - Rising Incidence Of Brain Tumors Fuels Growth In The Adult Malignant Glioma Therapeutics Market

The increasing number of cancer cases is expected to propel the growth of the genomic data analysis and interpretation market going forward. Cancer is the uncontrolled growth and spread of abnormal cells within the body, often infiltrating other tissues and organs. Cancer cases are rising due to an aging population, lifestyle changes including smoking and poor diet, environmental pollution, and improved detection methods leading to earlier diagnosis. Genomic data analysis and interpretation in cancer aid in identifying genetic mutations, biomarkers, and personalized treatment strategies for improved patient outcomes. For instance, in 2021, according to the American Cancer Society, a US-based community-based voluntary health organization, there were 1.9 million new cancer cases diagnosed and 608,570 cancer deaths in the United States 2021, an increase from 1.8 million new cancer cases diagnosed and 606,520 cancer deaths in 2020. Therefore, the increasing number of cancer cases is driving the growth of the genomic data analysis and interpretation market.

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Prominent Trend - Product Offerings With Advanced Long-Read Sequencing Services

Major companies operating in the genomic data analysis and interpretation market are focusing on developing innovative services, such as advanced long-read sequencing services, to gain a competitive edge in the market. Advanced long-read sequencing services involve cutting-edge technologies to analyze genetic material with longer sequence reads, allowing for more comprehensive and accurate characterization of DNA and RNA. For instance, in April 2024, Clinical-Microbiomics A/S, a Denmark-based biotechnology company, launched Advanced Long-Read 16S, ITS, 18S, Isolate, and metagenomics sequencing services. These services are intended to meet the needs of academic, clinical, and industrial researchers. These services provide higher-resolution insights into microbial communities by generating longer reads, which help distinguish between closely related organisms and link specific functions to these organisms. The data collected through long-read sequencing also supports the construction of high-quality metagenome-assembled genomes, providing a more precise and complete understanding of the microbial ecosystem.

Genomic Data Analysis And Interpretation Market Players
Major companies operating in the genomic data analysis and interpretation market are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Agilent Technologies Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Beijing Genomics Institute (BGI) Genomics Co. Ltd, Guardant Health Inc., 10x Genomics Inc., Oxford Nanopore Technologies Inc., Pacific Biosciences of California Inc., SOPHiA GENETICS Inc., DNAnexus Inc., Seven Bridges Genomics Inc., ASURAGEN INC., Fabric Genomics Inc., DNASTAR Inc., Genoox, Golden Helix Inc., Partek Inc., SoftGenetics LLC, Cantada Bio, Geneyx Genomex Ltd., Freenome Holdings Inc, BlueBee Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the genomic data analysis and interpretation market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the genomic data analysis and interpretation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Genomic Data Analysis And Interpretation Market Report Structure
3. Genomic Data Analysis And Interpretation Market Trends And Strategies
4. Genomic Data Analysis And Interpretation Market - Macro Economic Scenario
5. Genomic Data Analysis And Interpretation Market Size And Growth
…..
27. Genomic Data Analysis And Interpretation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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