NGS technology is widely employed in a wide range of research applications, including gene expression, metagenomics, epigenetics, and others. DNA sequencing generates a vast amount of data, which can be time-consuming to analyse. Next-generation sequencing informatics tools make analysing sequencing data easier, allowing scientists to focus more on research and less on workflow configuration. The global next-generation sequencing informatics market is driven by factors such as lower sequencing costs with the use of NGS informatics, increased government initiatives to promote the use of NGS in R&D, increased speed and flexibility offered by NGS, and continuous innovation and developments in the technology.
MARKET SCOPE
The Global Next-generation Sequencing Informatics Market Analysis to 2028 is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the next-generation sequencing informatics market with detailed market segmentation by product and services, application and end user. The report provides key statistics on the market status of the leading next-generation sequencing informatics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on products and service the market is segmented as, NGS informatics services, data analysis & management tool, and primary & secondary data analysis tools.
- Based on application the market is segmented as, drug discovery, genetic screening, diseases diagnosis, precision medicine, and other applications.
- Based on end user the market is segmented as, hospitals and clinics, academics and research institutes, and pharmaceuticals companies.
MARKET DYNAMICS
Drivers:
- Increasing adoption of NGS in R&D activities and constant advancements and development in NGS technology.
- Reduced cost of sequencing with the adoption of NGS informatics and speed and flexibility provided by NGS is also expected to spur the market growth.
- Untapped market opportunities in developing countries is also expected to create growth opportunities for the market.
Restraints:
- However, dearth of precision, accuracy and standardiaztion in the process along with presence of stringent government policies are expectd to restrain market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The next-generation sequencing informatics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the next-generation sequencing informatics market in these regions.
IMPACT OF COVID-19 ON NEXT-GENERATION SEQUENCING INFORMATICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the next-generation sequencing informatics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from next-generation sequencing informatics market are anticipated to lucrative growth opportunities in the future with the rising demand for next-generation sequencing informatics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the next-generation sequencing informatics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Agilent Technologies Inc.
- DNANEXUS, INC.
- F. Hoffmann-La Roche Ltd
- PerkinElmer Inc
- Illumina, Inc.
- GENEWIZ
- Partek, Incorporated
- QIAGEN
- DNASTAR
- Thermo Fischer Scientific Inc.