Global Next-Generation Sequencing (NGS) Informatics Markets, 2021 & 2022-2032

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Global NGS Informatics Market

Global NGS Informatics Market

Dublin, Feb. 01, 2023 (GLOBE NEWSWIRE) — The “NGS Informatics Market – A Global and Regional Analysis: Focus on Products and Services, Application, End User, and Region – Analysis and Forecast, 2022-2032” report has been added to ResearchAndMarkets.com’s providing.

The worldwide NGS informatics market was valued at $1,380.0 million in 2021 and is projected to achieve $6,715.0 million by the top of 2032. The market is anticipated to develop at a CAGR of 15.21% through the forecast interval 2022-2032.

The market is pushed by elements such because the low price of sequencing platforms, rising scientific functions of NGS within the discipline of oncology for the scientific administration of most cancers sufferers and mutation profiling, an amazing rise within the quantity of genomic knowledge, the rising significance of inhabitants genomics research and the institution of assorted biobanks, developments in massive knowledge expertise, and authorities initiatives to help the development of NGS are anticipated to result in larger demand for NGS informatics software program.

Market Lifecycle Stage

The worldwide NGS informatics market is within the improvement section. The evolving regulatory panorama for scientific NGS and the rising variety of gene mutations throughout varied ailments are a number of the main alternatives within the world NGS informatics market.

Impression of COVID-19

NGS can be utilized to sequence genomes of unknown organisms, owing to which it was extensively carried out in analysis laboratories through the COVID-19 pandemic.

Analysis utilizing NGS sequencing has been carried out in a number of nations globally, together with nations in rising areas akin to Latin America and Center East and Africa. Initiatives such because the “SARS-CoV-2 Sequencing for Public Health Emergency Response, Epidemiology, and Surveillance (SPHERES)” program by the Facilities for Illness Management and Prevention (CDC) had been additionally undertaken to advertise the sequencing of the SARS-CoV-2 virus utilizing NGS strategies. Moreover, the emergence of the COVID-19 pandemic broadened the functions of NGS.

Story continues

Consequently, corporations additionally developed NGS options for the genomic surveillance of the SARS-CoV-2 virus. Earlier than the COVID-19 pandemic, NGS expertise was notably employed for the scientific analysis of cancers and different persistent ailments. The onset of the COVID-19 pandemic accelerated analysis in using NGS for sequencing the unknown variants of the SARS-CoV-2 virus.

Market Segmentation

Merchandise and Providers:The worldwide NGS informatics market (by services) is anticipated to be dominated by the industrial knowledge evaluation instruments, interpretation, and reporting instruments phase.

Software:The worldwide NGS informatics market (by utility) is anticipated to be dominated by the genetic screening phase.

Finish Consumer:The worldwide NGS informatics market (by finish consumer) is dominated by the pharmaceutical and biotechnology corporations phase.

Area:The worldwide NGS informatics market (by area) is dominated by the North America area.

Latest Developments within the Global NGS Informatics Market

• In August 2022, Thermo Fisher Scientific Inc. launched CE-IVD (IVDD) NGS take a look at and evaluation software program to broaden entry to precision oncology bio-market testing.

• In June 2022, Thermo Fisher Scientific obtained CE-IVD Mark for NGS Aneuploidy Diagnostic Software program Workflow.

Key Market Gamers and Competitors Synopsis

The businesses which can be profiled have been chosen primarily based on inputs gathered from major consultants and analyzing firm protection, product portfolio, and market penetration.

Some distinguished established names on this market are:

• Abbott Laboratories

• Agilent Applied sciences, Inc.

• Azenta, Inc.

• BGI Genomics Co., Ltd.

• DNAnexus, Inc.

• Eagle Genomics

• Euformatics

• F. Hoffmann-La Roche Ltd.

• Genalice BV

• Illumina, Inc.

• Partek Integrated

• PerkinElmer, Inc.

• Precigen, Inc.

• QIAGEN N.V.

• SOPHiA GENETICS SA

• Thermo Fisher Scientific Inc.

Corporations that aren’t part of the aforementioned pool have been properly represented throughout completely different sections of the report, wherever relevant.

Key Metrics

Report Attribute

Particulars

No. of Pages

222

Forecast Interval

2022 – 2032

Estimated Market Worth (USD) in 2022

$1630.5 Million

Forecasted Market Worth (USD) by 2032

$6715 Million

Compound Annual Development Price

15.2%

Areas Lined

Global

Key Matters Lined:

1 Markets
1.1 Global Market Outlook
1.1.1 Product Definition
1.1.2 Inclusion and Exclusion Standards
1.1.3 Key Findings
1.1.4 Assumptions and Limitations
1.2 Business Outlook
1.2.1 Market Overview
1.2.1.1 Introduction
1.2.1.2 Evolution of NGS Expertise
1.2.1.3 Workflow for NGS Informatics Market
1.2.1.4 Market Future Potential
1.2.2 Authorized Necessities and Framework
1.2.2.1 Authorized Necessities and Framework within the U.S.
1.2.2.1.1 U.S. Meals and Drug Administration (FDA)
1.2.2.2 Authorized Necessities and Framework in Europe
1.2.2.2.1 European Medicines Company (EMA)
1.2.2.3 Authorized Necessities and Framework in Asia-Pacific
1.2.2.3.1 China
1.2.2.3.1.1 Nationwide Medical Merchandise Administration (NMPA)
1.2.2.3.2 Japan
1.2.2.3.2.1 Prescribed drugs and Medical Units Company (PMDA)
1.2.3 Key Traits
1.2.3.1 Rising Adoption of Cloud-Primarily based Options to Allow Simple Storage of the Giant Quantities of NGS Information
1.2.3.2 Rising Automation of Pattern/Library Preparation of the NGS Workflow Utilizing NGS Informatics
1.2.3.3 Growing Use of NGS in Scientific Trials to Choose the Proper Candidates
1.2.3.4 Considerably Increased Illustration of European Candidates in Giant-Scale Genomic Analysis Research
1.2.4 Alternative Evaluation
1.2.5 Prices of Storage of NGS Information on Cloud
1.2.6 Product Benchmarking
1.2.7 Patent Evaluation
1.2.8 Market Worth Chain
1.3 Impression of COVID-19 on the Global NGS Informatics Market
1.3.1 Impression on NGS Analysis Associated to the SARS-CoV-2 Virus
1.3.2 Impression on New Product Launches by Market Gamers
1.3.3 Comparability of Pre, Throughout, and Put up-COVID-19 Situations
1.4 Enterprise Dynamics
1.4.1 Impression Evaluation
1.4.2 Enterprise Drivers
1.4.2.1 Low price of sequencing platforms is rising public entry to NGS testing and thus bettering the adoption of NGS informatics options.
1.4.2.2 Growing scientific functions of NGS within the discipline of oncology for the scientific administration of most cancers sufferers and mutation profiling to determine subsequent therapy choices is rising the demand for NGS.
1.4.2.3 Super rise within the quantity of genomic knowledge is driving the adoption of NGS informatics options for simple evaluation of knowledge in addition to for its storage and computation.
1.4.2.4 Rising significance of inhabitants genomics research and the institution of assorted biobanks result in in depth analysis all through the world and assist in advancing analysis and improvement within the genomics discipline.
1.4.2.5 Developments in massive knowledge expertise will allow higher storage and administration of NGS knowledge, thus resulting in extra demand for NGS and better adoption of NGS software program.
1.4.2.6 Authorities initiatives to help the development of NGS are anticipated to result in larger demand for NGS informatics software program.
1.4.3 Enterprise Restraints
1.4.3.1 Privateness challenges are anticipated to result in issues surrounding knowledge privateness amongst folks and thus hinder their participation in NGS research.
1.4.3.2 Lack of educated scientific personnel for conducting NGS experiments and performing knowledge evaluation is anticipated to hinder the adoption of NGS software program.
1.4.3.3 Poor reimbursement charges for NGS throughout the globe are anticipated to result in a scarcity of curiosity in NGS and thus hinder the adoption of NGS software program and providers.
1.4.4 Enterprise Alternatives
1.4.4.1 Evolving Regulatory Panorama for Scientific NGS
1.4.4.2 Rising Variety of Gene Mutations throughout Numerous Illnesses

2 Global NGS Informatics Market (by Merchandise and Providers)
2.1 Alternative Evaluation
2.2 Industrial Information Evaluation, Information Interpretation, and Reporting Instruments
2.3 Storage and Computing Instruments
2.4 Laboratory Data Administration Programs (LIMS)
2.5 NGS Informatics Providers

3 Global NGS Informatics Market (by Software)
3.1 Alternative Evaluation
3.2 Drug Discovery
3.3 Genetic Screening
3.4 Illness Analysis
3.5 Others

4 Global NGS Informatics Market (by Finish Consumer)
4.1 Alternative Evaluation
4.2 Hospitals and Clinics
4.3 Pharmaceutical and Biotechnology Corporations
4.4 Educational and Analysis Establishments

For extra details about this report go to https://www.researchandmarkets.com/r/9svhky-informatics?w=12

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