Global Next Generation Sequencing Informatics/Software Market to Reach $868.6 Million by 2020Published On: September 8, 2015
The research report titled “Global Next Generation Sequencing Informatics/Software Market Outlook: 2015-2020” analyzes the major drivers, restraints, opportunities, and challenges that have a long and short-term impact on its growth across the globe. This latest publication from Meticulous Research™ states that the global next generation sequencing Informatics market would reach $868.6 million by 2020 at a CAGR of 21.5% over the period of 2015 to 2020.
Early buyers will receive 10% discount on the report.
Next-generation DNA sequencing (NGS) technology has transformed biomedical research, making genome and RNA sequencing an affordable and commonly used tool for a wide variety of research applications. As a result, the market has been stressed to manage the enormous data output from this process. Therefore, the complexity and sheer amount of data generated by NGS has led to a need for genomic centers to form bioinformatics teams in order to analyze the output data.
The next generation sequencing informatics/software market has experienced significant growth in the recent years which has attracted many companies, researchers, laboratories, and investors. This market is mainly driven by promotion of NGS by research laboratories and academicians, reduced cost of sequencing with the use of NGS, rising support from various government bodies to promote use of NGS in research and development, and continuous innovation and developments in the market. Moreover, an increasing incidence rate of cancer diseases, drastically reduced mass scale genetic testing costs, growing economies, and increasing genetic research and development activities in countries like India, Singapore, and China provide significant opportunities for the players to invest in this market. However, decrease in capital expenditure from academic institutions, high reliability on grants and funds from various government bodies, and accuracy and standardization concern in diagnostic testing hinders the growth of this market to some extent.
Global NGS informatics market is segmented by products and services, applications, end-users, and geography. The products and services market is mainly divided into NGS informatics services, data analysis and management tools, and data interpretation and reporting tools. Data analysis and management tools market includes LIMS, computing tools, storage, and others. While by application the market is divided into resequencing, targeted sequencing, exome sequencing, cancer research, RNA-Sequencing, metagenomics, microbial research, de novo sequencing, differential expression, and others. The market by end-users is categorized into hospitals and healthcare institutions, academics and research institutions, biopharma companies, and others. The NGS bioinformatics market is analyzed in all the major countries across four major regions, namely, North America, Europe, Asia-Pacific, and Rest of the World.
North America is the major market in the global NGS informatics market and is expected to dominate this market during the forecast period, with the U.S. contributing a major share, followed by Europe, and Asia-Pacific. On the other hand, the Asian market, especially India and China, is expected to witness a boost in demand for NGS software market and are poised to register maximum growth over the next five-six years, as a result of their economic development, increasing genetic research and development activities, drastically reduced mass scale genetic testing costs, and the growing focus of the major players in this region.
The key players in the global NGS market are BGI International, Beckman Coulter Genomics, Bina Technologies, Biomatters Ltd., DNASTAR Inc., Genomatix Software GmbH, Qiagen N.V., Illumina Inc., Thermo Fisher Scientific Inc., Partek Incorporated, PerkinElmer Inc., Knome Inc., Real Time Genomics Inc., SoftGenetics LLC, GenoLogics, BioTeam, Amazon Web Services (Amazon.com Company), EMC Corporation, and IBM Inc.
Key questions answered in the report-
- Which are the high growth market segments in terms of NGS informatics/software product and services,applications, end-users, regions, and countries?
- What is the historical market for NGS informatics/software across the globe?
- What are the market forecasts and estimates from the period 2015-2020?
- What are the major drivers, restrains, threats, and opportunities in the global NGS informatics/software market?
- What are the burning issues of the global NGS informatics/software market?
- Who are the major players in the global NGS informatics/software market and what share of the market do they hold?
- Who are the major players in various regions (North America, APAC, Europe) and what share of the market do they hold?
- What are the competitive landscapes and who are the market leaders by sub-region in the global NGS informatics/software market?
- What are the recent developments in the global NGS informatics/software market?
- What are the different strategies adopted by the major players in the global NGS informatics/software market?
- What are the geographical trends and high growth regions?
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