Next-Generation Sequencing Data Analysis Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

What Is the Forecasted Market Size and Growth Rate for the Next-Generation Sequencing Data Analysis Market?
The market size of next-generation sequencing data analysis has seen a substantial surge in recent times. It is projected to elevate from $1.21 billion in 2024 to $1.48 billion in 2025, with a compound annual growth rate (CAGR) of 22.0%. The growth witnessed during the historic period can be traced back to its increasing application in pathogen detection and veterinary diagnostics research, diagnosis of rare genetic disorders, emphasis on microbiome research, and the expanding usage of NGS in pharmacogenomics.

In the upcoming years, the market size for next-generation sequencing data analysis is predicted to experience substantial expansion. The market value is anticipated to surge to $3.24 billion by 2029, with a compound annual growth rate (CAGR) of 21.7%. This upward forecast for the sector is largely due to increasing efforts to incorporate genomics into healthcare, enlightening healthcare professionals about genomics, a focus on public health surveillance, a reduction in sequencing costs, and a growing fascination with epigenetic research. Some key tendencies for the forecast timeframe are improvements in single-cell sequencing, automatic data analysis in NGS, enhancement of NGS data visualisation tools, blockchain technology adoption, and progress in hybrid sequencing techniques.

What Factors Are Propelling the Expansion of the Next-Generation Sequencing Data Analysis Market?
The rise in instances of cancer is predicted to spur the expansion of the market for next-generation sequencing data analysis. Cancer encompasses a collection of diseases typified by uncontrollable growth and the proliferation of abnormal cells within the body, potentially leading to significant health issues or even death if left untreated. Habits such as smoking, overconsumption of alcohol, and eating processed foods, while not consuming enough fruits and vegetables, can elevate the risk of cancer greatly. Next-generation sequencing data analysis aids in cancer treatment as it can accurately identify genetic mutations, which leads to customised therapies and highly effective treatment plans based on the specific genetic makeup of a person's cancer. As an example, in February 2024, the World Health Organization, a Switzerland-based international body, forecasted that by 2050, there would be more than 35 million new instances of cancer, symbolising a 77% rise in comparison with the predicted 20 million cases in 2022. Hence, the escalating prevalence of cancer is fuelling the rise of the next-generation sequencing data analysis market.

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Which Businesses Are at the Forefront of Next-Generation Sequencing Data Analysis Market Development?
Major companies operating in the next-generation sequencing data analysis market are Thermo Fisher Scientific Inc., Agilent Technologies Inc., Illumina Inc., QIAGEN N.V., MedGenome Inc., Element Biosciences Inc., Seven Bridges Genomics Inc., Synthego Corp., Eurofins Genomics India Pvt. Ltd., Fabric Genomics Inc., Strand Life Sciences Pvt. Ltd., Admera Health LLC, Congenica Ltd., DNASTAR Inc., Golden Helix Inc., Geneious, SciGenom Labs Pvt. Ltd., Partek Incorporated, PathoQuest SAS, BioDatomics Inc., BGI Genomics Co. Ltd

What Are the Latest Innovations in the Next-Generation Sequencing Data Analysis Market?
Leading enterprises in the Next-Generation Sequencing Data Analysis Market are heavily investing in the creation of advanced secondary analysis bioinformatics software. This software targets providing quicker and more accurately identifying genetic variations for research and clinical applications. Software for secondary analysis bioinformatics is constructed to handle raw data from Next-Generation Sequencing (NGS) and translate it into understandable formats, such as Variants Calling Files (VCF), that explain genetic variants. This then optimizes the analysis of NGS data for both research and clinical applications. For instance, QIAGEN Digital Insights, QIAGEN'S bioinformatics division based in the US, launched the QIAGEN CLC Genomics Workbench Premium laced with, LightSpeed technology, back in January 2024. This technological advancement expedites the Next-Generation Sequencing (NGS) process, particularly for somatic cancer analysis, and rapidly processes Whole Genome Sequencing (WGS) samples. It has the capability to analyze 34x human genomes within just 25 minutes and 50x exomes in under 90 seconds by using LightSpeed technology. This potent technology ensures efficient RAW FASTQ data translation into comprehensible formats. Considering the cost-effectiveness of this software - costing as low as $1 per genome and just a few cents for exomes when utilizing cloud platforms, this solution is affordable for even high-output laboratories. Despite its superior accuracy and flexibility, the software operates on standard hardware or cloud infrastructure, making it perfectly suited for clinical usage and effectively lowering its carbon footprint.

How Is the Next-Generation Sequencing Data Analysis Market Segmented?
The next-generation sequencing data analysismarket covered in this report is segmented -

1) By Product: Services, Next-Generation Sequencing (NGS) Commercial Software
2) By Read Length: Short Read Sequencing, Long Read Sequencing, Very Long Read Sequencing
3) By Mode: In-House, Outsourced
4) By Workflow: Primary, Secondary, Tertiary
5) By End-User: Academic Research, Clinical Research, Hospitals And Clinics, Pharma And Biotech Entities, Other End-Users

Subsegments:
1) By Services: Data Analysis Services, Bioinformatics Services, Consulting Services, Sample Preparation Services, Training and Support Services
2) By Next-Generation Sequencing (NGS) Commercial Software: Data Management Software, Alignment Software, Variant Calling Software, Visualization Software, Pipeline Management Software, Specialized Analysis Software

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Where Is the Next-Generation Sequencing Data Analysis Market Growth Most Prominent?
North America was the largest region in the next-generation sequencing data analysis market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the next-generation sequencing data analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Next-Generation Sequencing Data Analysis Global Market Report?

- Market Size Analysis: Analyze the Next-Generation Sequencing Data Analysis Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Next-Generation Sequencing Data Analysis Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Next-Generation Sequencing Data Analysis Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Next-Generation Sequencing Data Analysis Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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