Next Generation Sequencing (NGS) Informatics Market, By Product, By Application, By End User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
Next Generation Sequencing (NGS) Informatics Market size was valued at USD 9,980.78 Million in 2023, expanding at a CAGR of 14.01% from 2024 to 2032.
Next Generation Sequencing (NGS) Informatics refers to the computational and data analysis techniques used to process, analyze, and interpret the massive amounts of data generated by Next Generation Sequencing (NGS) technologies. NGS allows for the high-throughput sequencing of DNA, RNA, or other genetic material, generating vast datasets that require specialized tools for handling, analysis, and biological interpretation.
Next Generation Sequencing (NGS) Informatics Market- Market Dynamics
Increasing applications in clinical diagnostics and development of cloud-based NGS informatics is expected to propel market demand
NGS is increasingly being used in clinical diagnostics for cancer genomics, rare disease diagnosis, infectious disease detection, and pharmacogenomics. This expanding use in clinical settings requires robust informatics platforms to analyze genetic data quickly and accurately, accelerating the market's growth. Ongoing improvements in NGS technologies, such as higher sequencing accuracy, lower costs, and faster sequencing times, are driving the market. These advancements make NGS more accessible, increasing the demand for informatics solutions to manage and interpret the resulting data.
The growing shift toward cloud-based NGS informatics platforms allows researchers and clinicians to store and analyze large datasets without the need for significant infrastructure. Cloud-based solutions offer scalability, collaboration opportunities, and cost efficiency, which is driving adoption in the market. Governments, academic institutions, and private organizations are increasingly investing in genomics research. These investments fuel the demand for NGS informatics solutions, especially for research related to human diseases, agriculture, and evolutionary biology. Collaborations between bioinformatics companies, pharmaceutical firms, and healthcare providers to develop innovative NGS solutions and informatics tools are driving market growth.
Next Generation Sequencing (NGS) Informatics Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 14.01% over the forecast period (2024-2032)
Based on Product segmentation, the NGS informatics services segment was predicted to show maximum market share in the year 2023, owing to high adoption NGS information system in healthcare industry.
Based on Application segmentation, precision medicine segment was the leading Application segment in 2023, due to their benefits in providing tailored treatments.
Based on End User segmentation, hospitals & clinics segment was the leading End User segment in 2023, due to increasing demand from clinical applications.
On the basis of region, North America was the leading revenue generator in 2023, due to the high prevalence of chronic disorders & other targeted diseases.
Next Generation Sequencing (NGS) Informatics Market- Segmentation Analysis:
The Global Next Generation Sequencing (NGS) Informatics Market is segmented on the basis of Product, Application, End User, and Region.
The market is divided into three categories based on Product: NGS Informatics Services, data analysis & management tools, and primary & secondary data analysis tools. The NGS Informatics Services segment dominates the market. The increasing demand for real-time data and adoption of cloud solutions is driving market growth.
The market is divided into four categories based on Application: drug discovery, genetic screening, precision medicine, and others. The precision medicine segment dominates the market. The genetic screening segment is anticipated to expand at the fastest CAGR with the development in genomics thereby boosting market growth.
The market is divided into four categories based on End User: hospitals & clinics, academic research, biopharmaceutical companies, and others. The hospitals & clinics segment dominates the market and is expected to maintain its high dominance during the forecast period. Rising developments in healthcare infrastructure & NGS system is fueling segment growth.
Next Generation Sequencing (NGS) Informatics Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America, particularly the U.S., is the largest market for NGS informatics. It accounts for a significant share of the global market, driven by advanced healthcare infrastructure, high research and development (R&D) spending, and the presence of major NGS technology provider. Europe holds a considerable share of the NGS informatics market, with major growth in countries like the UK, Germany, France, and the Netherlands. Latin America represents an emerging market for NGS informatics.
Next Generation Sequencing (NGS) Informatics Market- Competitive Landscape:
The Next Generation Sequencing (NGS) Informatics market is intensely competitive in nature. Companies are expanding their Next Generation Sequencing (NGS) Informatics by integrating cloud computing, AI, and machine learning technologies. Cloud computing is transforming the market, enabling scalable, efficient, and cost-effective data storage and analysis, as seen with Illumina's BaseSpace and PierianDx's Clinical Genomics Workspace. Companies are increasingly focusing on clinical diagnostics, particularly in oncology, rare diseases, and reproductive health, to meet the growing demand for personalized medicine. Several companies, like IBM Watson Genomics and Illumina, are incorporating AI and ML to streamline the analysis and interpretation of NGS data, enhancing precision in diagnostics and research.
In May 2022, NanoString Technologies introduced cloud-based data analysis using Illumina NextSeq1000 and NextSeq 2000 sequencing system.
In March 2022, ARUP launched a new bioinformatics platform for fast Next-Generation sequencing tests.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL NEXT GENERATION SEQUENCING (NGS) INFORMATICS MARKET KEY PLAYERS
Illumina, Inc.
Thermo Fisher Scientific Inc.
Qiagen N.V.
F. Hoffmann-La Roche Ltd.
Agilent Technologies
IBM Watson Genomics
PierianDx
BGI Genomics
Pacific Biosciences
Bio-Rad Laboratories
Oxford Nanopore Technologies
NanoString Technologies
Genomics plc
PerkinElmer, Inc.
Seven Bridges Genomics
DNASTAR
Others
GLOBAL NEXT GENERATION SEQUENCING (NGS) INFORMATICS MARKET, BY PRODUCT- MARKET ANALYSIS, 2019-2032
NGS Informatics Services
Data analysis & management tools
Primary & secondary data analysis tools
GLOBAL NEXT GENERATION SEQUENCING (NGS) INFORMATICS MARKET, BY APPLICATION- MARKET ANALYSIS, 2019-2032
Drug discovery
Genetic screening
Precision medicine
Others
GLOBAL NEXT GENERATION SEQUENCING (NGS) INFORMATICS MARKET, BY END USER- MARKET ANALYSIS, 2019-2032
Hospitals & clinics
Academic research
Biopharmaceutical companies
Others
GLOBAL NEXT GENERATION SEQUENCING (NGS) INFORMATICS MARKET, BY REGION- MARKET ANALYSIS, 2019-2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Next Generation Sequencing (NGS) Informatics Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Next Generation Sequencing (NGS) Informatics Market Snippet by Product
2.1.2. Next Generation Sequencing (NGS) Informatics Market Snippet by Application
2.1.3. Next Generation Sequencing (NGS) Informatics Market Snippet by End User
2.1.4. Next Generation Sequencing (NGS) Informatics Market Snippet by Country
2.1.5. Next Generation Sequencing (NGS) Informatics Market Snippet by Region
2.2. Competitive Insights
3. Next Generation Sequencing (NGS) Informatics Key Market Trends
3.1. Next Generation Sequencing (NGS) Informatics Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Next Generation Sequencing (NGS) Informatics Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Next Generation Sequencing (NGS) Informatics Market Opportunities
3.4. Next Generation Sequencing (NGS) Informatics Market Future Trends
4. Next Generation Sequencing (NGS) Informatics Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Next Generation Sequencing (NGS) Informatics Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Next Generation Sequencing (NGS) Informatics Market Landscape
6.1. Next Generation Sequencing (NGS) Informatics Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Next Generation Sequencing (NGS) Informatics Market - By Product
7.1. Overview
7.1.1. Segment Share Analysis, By Product, 2024 & 2032 (%)
7.1.2. NGS Informatics Services
7.1.3. Data analysis & management tools
7.1.4. Primary & secondary data analysis tools
8. Next Generation Sequencing (NGS) Informatics Market - By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2024 & 2032 (%)
8.1.2. Drug discovery
8.1.3. Genetic screening
8.1.4. Precision medicine
8.1.5. Others
9. Next Generation Sequencing (NGS) Informatics Market - By End User
9.1. Overview
9.1.1. Segment Share Analysis, By End User, 2024 & 2032 (%)
9.1.2. Hospitals & clinics
9.1.3. Academic research
9.1.4. Biopharmaceutical companies
9.1.5. Others
10. Next Generation Sequencing (NGS) Informatics Market- By Geography
10.1. Introduction
10.1.1. Segment Share Analysis, By Geography, 2024 & 2032 (%)
10.2. North America
10.2.1. Overview
10.2.2. Next Generation Sequencing (NGS) Informatics Key Manufacturers in North America
10.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
10.2.4. North America Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
10.2.5. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.6. North America Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)