North America to Remain the Largest Market for NGS Data Analysis During Forecast Period 2021-2031

Market Taxonomy

Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=S&rep_id=505

NGS Data Analysis Market Scope Of The Report

With continuous developments in cloud computing and data integration solutions, bottlenecks in data handling are being effectively addressed, which includes high throughput sequence data’s sizeable volume analysis.

Introduction of NGS solutions coupled with rising clinical diagnosis requirement for personalized treatment of several ailments and genomic research, have created demand for precise and fasts sequencing and algorithms interpretation tools that can analyze data faster.

This Fact.MR report analyzes the expansion of global NGS data analysis market till date, and provides key insights on the growth of the market during the forecast period, 2017-2026.

Scope

The scope of Fact.MR’s report is to analyze the global NGS data analysis market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis.

Medical device manufacturers, research institutes, and raw material suppliers in the global NGS data analysis market can benefit from the analysis offered in this report.

This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to NGS data analysis.

Summary

The report commences with a brief information of the global NGS data analysis market.

This executive summary sets the tone for the rest of the report, providing users the scope of the report.

The executive summary includes important facts and statistics on the global NGS data analysis market.

Overview

The next section offers an overview of the global NGS data analysis market. This comprises an introduction to the market, along with a standard definition of the product – NGS data analysis.

In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives.

Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global NGS data analysis market, the report provides updates about market opportunities, which can benefit leading manufacturers of NGS data analysis.

With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for NGS data analysis manufacturers to formulate key business strategies.

According to a recently composed report of Fact.MR, the global NGS data analysis market will reflect an impressive expansion over the period, 2017 to 2026. Sales of NGS data analysis solutions worldwide are forecast to reach nearly US$ 280 Mn in revenues by 2026-end.

NGS Data Analysis Bridging Gap between Genomic Research & Traditional DNA Sequencing Procedures

NGS data analysis has witnessed high demand among researchers, as it enables them in examining biological systems in detail, owing to its exceptional throughput scalability and speed in providing results. There has been a requirement for a greater level of understanding on the back of complexities involved in the genomic research than that offered by traditional DNA sequencing procedures. NGS data analysis has bridged the gap between these levels of understanding requirements, emerging as an everyday research tool for researchers in the healthcare and medical sector. Constant developments in cloud computing & data integration solutions have enabled addressing bottlenecks of data handling effectively. Advent of NGS solutions in accordance with growing requirement of clinical diagnosis in personalizing treatment of several diseases and in genomic research, has entailed demand for precise & fast algorithm and sequencing interpretation tools for faster analysis of data. This has further resulted into demand for efficient and advanced solutions for the elaborate bioinformatics pipeline.

However, infrastructural investments involved in the development of software and algorithms is likely to keep the NGS data analysis market expansion in check. Solutions of NGS data analysis are time consuming, which in turn might confine its adoption to a certain extent. Commercial service providers however have lucrative opportunities in designing and developing novel solutions that offer faster turnaround times.

5 Key Future Projections of NGS Data Analysis Market for Forecast Period 2017-2026

•  On the basis of technique, sequencing by synthesis (SBS) has been estimated to remain dominant in the global NGS data analysis market, in terms of revenues. Ion semiconductor sequencing will also endure as a lucrative technique for NGS data sequencing worldwide. Revenues from real-time (SMRT) technology will continue to be sluggish in the market.
• Academic research institutes will remain the most remunerative end-users of NGS data analysis. Sales of NGS data analysis solutions in academic research institutes are projected to record the fastest expansion through 2026.
• Hospitals are also expected to prevail as lucrative end-users of NGS data analysis, with revenues poised to exceed US$ 60 Mn by 2026-end.
• Based on service type, exome sequencing and RNA sequencing will continue to spearhead the global NGS data analysis market, in terms of revenues as well as sales expansion.
• North America is expected to dominate the global NGS data analysis market, with revenues estimated to close in nearly US$ 115 Mn by 2026-end. Projected to exhibit the fastest expansion through 2026, North America will account for over one-third market revenue share through the forecast period.

Leading companies providing NGS data analysis solutions are undertaking strategic collaborations and partnerships for enhancing their existing product portfolios and maintaining a firm foothold in the global NGS data analysis market. These collaborations and partnerships are primarily aimed at the development of feasible infrastructure solutions, which enable researchers to perform a population-scale genomic analysis. Fact.MR’s report has listed key companies underpinning expansion of the global market for NGS data analysis, which include Advaita, Bina Technologies (Roche), Congenica, DNASTAR, Eagle Genomics, Flatiron, GENEWIZ, Qiagen, and Thermo Fisher Scientific, Inc.