Emerging Trends to Drive Next-Generation Sequencing Informatics Market Growth at 16.7% CAGR Through 2029

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Next-Generation Sequencing Informatics Market Size Growth Forecast: What to Expect by 2025?
The market size of next-generation sequencing informatics has seen a swift increase in recent times. It is estimated to escalate from $8.73 billion in 2024 to $10.23 billion in 2025, boasting a compound annual growth rate (CAGR) of 17.1%. Factors contributing to this growth during the historical period include a surge in the acceptance of personalized medicine, increased use of next-generation sequencing (NGS) in diagnosing diseases, a rising demand for finding specific biological markers, heightened emphasis on genomic research, and the expanding integration of artificial intelligence (AI) in sequencing informatics.

How Will the Next-Generation Sequencing Informatics Market Size Evolve and Grow by 2029?
The forthcoming years will observe a swift escalation in the next-generation sequencing informatics market size, which is projected to reach $19.00 billion in 2029 with a compound annual growth rate (CAGR) of 16.7%. The proliferating utilization of sequencing informatics in clinical diagnostics, the surging incorporation of artificial intelligence (AI) in drug discovery, increasing requirement for multi-omics data analysis, accelerating adoption of cloud-based next-generation sequencing (NGS) analytics and heightened focus on precision medicine are driving this growth during the future period. The predicted period will see technological advancement in cloud-based next-generation sequencing (NGS), innovative developments in data analysis tools for NGS informatics, integration of AI and machine learning (ML) in genomic data interpretation, evolution of visualization and workflow management systems, and progress in personalized medicine.

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What Drivers Are Propelling the Growth of Next-Generation Sequencing Informatics Market Forward?
The next-generation sequencing informatics market is projected to experience significant growth due to the rising utilization of personalized medicine. Personalized medicine, characterized by its tailored treatment strategies based on a patient's specific genetic makeup, lifestyle, and environmental factors, is on the rise largely due to advancements in genomics which provides precision in detecting genetic variations and tailoring treatments to individuals. Next-generation sequencing informatics boosts personalized medicine by offering in-depth genomic data analysis, which is crucial in customizing treatment approaches and enhancing precision healthcare. It lessens diagnostic ambiguity by identifying genetic variances and estimating disease risk, leading to improved clinical judgment and patient results. For instance, the U.S. Food and Drug Administration (FDA), reported by the U.S.-based nonprofit organization Personalized Medicine Coalition (PMC), in February 2024, sanctioned 26 fresh personalized medicines in 2023, a notable rise from the 12 approved in the previous year, 2022. Consequently, the escalating utilization of personalized medicine is fuelling the expansion of the next-generation sequencing informatics market.

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Which Emerging Trends Are Transforming the Next-Generation Sequencing Informatics Market in 2025?
Leading firms in the next-generation sequencing informatics (NGS) market are aiming to develop sophisticated solutions like cloud-based platforms, with the intention to enhance scalability, increase data security, and simplify genomic workflows. These cloud-based platforms are digital structures that facilitate researchers and clinicians to store, work on, and examine extensive sequencing data either remotely or locally within their institutions. For instance, Illumina Inc., a biotechnology firm based in the US, unveiled a new cloud-based software called Connected Insights in March 2023. This software, tailored for tertiary analysis of clinical NGS data, simplifies the interpretation and reporting of genomic data and has the ability to integrate over 45 third-party information sources while also reducing the time taken for clinical reports. Moreover, it automates the interpretation of variants and the creation of reports, thus minimizing manual work and standardizing workflows across an array of assay types, including comprehensive genomic profiling (CGP) panels, whole-exome sequencing (WES), and transcriptomic data.

What Are the Key Segments in the Next-Generation Sequencing Informatics Market?
The next-generation sequencing informatics market covered in this report is segmented as

1) By Offering: Software, Platforms, Services
2) By Product And Services: Storage And Computing Tools, Commercial Data Analysis, Data Interpretation And Reporting Tools, Informatics Services, Laboratory Information Management Systems (LIMS)
3) By Deployment Mode: Cloud, On-Premise, Hybrid
4) By Application: Research And Development, Clinical Diagnostics, Drug Discovery, Agrigenomics
5) By End User: Academic And Research Institutes, Pharmaceutical And Biotechnology Companies, Hospitals And Clinical Laboratories, Agricultural Biotechnology Companies

Subsegments:
1) By Software: Data Analysis Software, Data Management And Storage Tools, Workflow Management Software, Sequence Alignment Tools, Variant Analysis Software, Clinical Interpretation Software
2) By Platforms: On-Premises Platforms, Cloud-Based Platforms, Hybrid Platforms
3) By Services: Data Analysis Services, Consulting And Implementation Services, Data Management And Storage Services, Technical Support And Maintenance Services, Training And Education Services

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Who Are the Key Players Shaping the Next-Generation Sequencing Informatics Market's Competitive Landscape?
Major companies operating in the next-generation sequencing informatics market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Eurofins Scientific SE, Agilent Technologies, Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., BGI Genomics Co. Ltd., Oxford Nanopore Technologies Ltd., GeneDx Holdings Corp., Macrogen Inc., MedGenome Inc., Sophia Genetics SA, DNAnexus Inc., Clear Labs, DNASTAR Inc., Sapio Sciences Inc., Geneious Biomatters Ltd., Genomatix Software GmbH, and CosmosID Inc.

What Geographic Markets Are Powering Growth in the Next-Generation Sequencing Informatics Market?
North America was the largest region in the next-generation sequencing informatics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in next-generation sequencing informatics report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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