#Bioinformatics Services Market REport

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Genomics Services Market Size, Share & Industry Demand Trends to 2032

The Genomics Services Market is experiencing remarkable growth, attributed to advances in genomic technologies, increasing applications in healthcare, and a growing focus on precision medicine. According to a comprehensive study by SNS Insider, the market is set to expand significantly, offering lucrative opportunities for stakeholders worldwide. For more insights on the industry, visit Genomic Services Market Revenue.

Key Drivers Fueling Market Expansion

Technological Innovations: Cutting-edge technologies such as next-generation sequencing (NGS) and CRISPR have revolutionized genomics research, enabling faster, more accurate data generation and analysis.

Increased Healthcare Applications: From diagnostics to drug development, genomics services are playing a pivotal role in reshaping healthcare practices by providing actionable insights for tailored treatments.

Government and Private Sector Investments: Significant funding from governments and private entities is fostering research and innovation, further propelling the market.

Growing Impact of Genomics in Healthcare

The adoption of genomics in healthcare is transforming patient care through personalized medicine. These services are helping clinicians better understand genetic predispositions, enhancing disease prevention and treatment strategies. The pharmaceutical industry is also leveraging genomics to streamline drug development and improve drug efficacy.

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Regional and Competitive Insights

North America dominates the Genomics Services Market due to its advanced healthcare infrastructure, high R&D expenditure, and widespread adoption of genomic technologies. Meanwhile, Asia-Pacific is emerging as a significant player, driven by growing investments in biotechnology and increasing awareness of genomics applications.

Key players in the market are focusing on mergers, acquisitions, and partnerships to strengthen their portfolios and expand their global reach. The competitive landscape is characterized by a strong emphasis on technological integration and customer-centric approaches.

Future Outlook

With continued advancements in artificial intelligence and bioinformatics, the genomics services sector is poised for transformative growth. As the demand for precision medicine and genomics-based solutions rises, the market is expected to witness a surge in innovation, creating new growth avenues for industry participants.

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Bioinformatics Market -Forecast, 2024–2030

Bioinformatics Market Size is forecast to reach $ 21423.6 Million by 2030, at a CAGR of 11.10% during forecast period 2024–2030. The recording, annotation, storage, analysis, and retrieval of nucleic acid sequence, protein sequence, and structural information are all covered by bioinformatics. Proteomics is the study of proteomes on a vast scale. A proteome is a collection of proteins made by a living creature, system, or biological milieu. Single nucleotide polymorphisms (SNPs) is a useful tool for determining the genetic basis of disease. In genome-wide association studies and fine-scale genetic mapping initiatives, these variants can be utilized as markers. 

Bioinformatics applications include molecular therapeutics, metabolomics, and proteomics, to name a few. It’s also used in genetics and genomics research. The combination of biology and information technology is referred to as “bioinformatics.” Computer software tools are used in bioinformatics to create, administer, and develop databases. Data warehousing, data mining, and communication networking all use it. Furthermore, it is frequently utilized in the field of medical research and medication development for the management of biological data. The worldwide Bioinformatics Market is predicted to develop owing to the high frequency of chronic diseases. According to the American Cancer Society, it was expected to have 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the United States year 2019.

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Bioinformatics Market Report Coverage  The report: “Bioinformatics Market — Forecast (2024–2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Bioinformatics Market.

By Products & Services: Knowledge Management Tools, Bioinformatics Platforms, and Bioinformatics Services

By Application: Genomics, Chemoinformatics & Drug Design, Proteomics, Transcriptomics, Metabolomics, and Others

By Sector: Animal Biotechnology, Medical Biotechnology, Forensic Biotechnology, Plant Biotechnology, Environmental Biotechnology, Others

By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina & Rest of South America) and Rest of the World (Middle East & Africa)

Key Takeaways A single nucleotide polymorphism, or SNP (pronounced “snip”), is a difference in the DNA sequence at a single place between individuals. DNA is made up of a chain of four nucleotide bases: A, C, G, and T. The rise in bioinformatics platform application can be ascribed to an increase in demand from life science companies for structural identification and customization. This, in turn, would aid in the development of drugs and the assessment of their therapeutic effects. Furthermore, as drug research and discovery become more efficient and safe, the demand for new tools in drug development grows. As a result, the Bioinformatics Market is likely to grow in the future. A detailed analysis of the main players functioning in the Bioinformatics Market’s Strengths, Weaknesses, and Opportunities will be provided in the report.

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Bioinformatics Market Segment Analysis — By Products & Services: Based on Products & Services, Bioinformatics Market is segmented into Knowledge Management Tools, Bioinformatics Platforms, and Bioinformatics Services. The Bioinformatics Platforms segment is accounted for the largest revenue market share in 2020 for Bioinformatics Market owing to an increase in platform applications and the demand for better tools in drug development. This trend is expected to continue during the projected period. The study of evolutionary history, development, and relationships among organisms using molecular sequence or structural data is known as molecular phylogenetics (DNA, RNA, or proteins). The Knowledge Management Tools segment is poised to grow with the fastest CAGR of 13.6% in the forecast period 2024–2030. Researchers utilize knowledge management technologies to deal with vast amounts of diverse data. This data comprises both experimental data and data acquired from publicly available repositories. Data management, data warehousing, data mining, and information retrieval are all functions of knowledge management technologies. By comparing them to available databases, these functions aid in understanding the structure of genes and proteins, as well as the implications of mutations.

Bioinformatics Market Segment Analysis — By Sector: Based on Sector, Bioinformatics Market is segmented into Animal Biotechnology, Medical Biotechnology, Forensic Biotechnology, Plant Biotechnology, Environmental Biotechnology, Others. In 2020, the medical biotechnology segment accounted for the largest revenue market share for Bioinformatics Market. The use of bioinformatics in clinical diagnostics is primarily driven by the development of new databases for drug discovery, the use of bioinformatics for clinical diagnostics, and increased funding for the development of bioinformatics solutions for clinical diagnostics, all of which are contributing to the growth of the medical biotechnology segment in the market. Metabolomics is the study of all or a large number of biological metabolites on a global scale. Metabolomics, like other types of functional genomics research, generates a lot of data. Handling, processing, and analyzing this data is a significant undertaking that necessitates the use of sophisticated mathematical, statistical, and bioinformatics software. The Animal Biotechnology segment is predicted to grow with the fastest CAGR of 13.8% in the forecast period 2024–2030. In the veterinary sciences, it has become an essential tool for both basic and applied research. Bioinformatics has advanced veterinary research by introducing new tools for identifying vaccination targets based on the sequencing of biological data from organisms.

Bioinformatics Market Segment Analysis — By Geography Based on Geography, North America Bioinformatics accounted for the 35% revenue share in 2020. The Bioinformatics Market in this region is growing owing to the government funding for genetic research, the existence of prominent bioinformatics providers, decreasing sequencing prices, improved awareness of bioinformatics services, and an increase in the number of genomic research activities. It has a good funding scenario for research activities. This regional market is characterized by increased government initiatives for genomic testing reimbursement and a favorable financing scenario for bioinformatics research activities. A large number of healthcare investments in the European region is expected to fuel the Bioinformatics Market. Furthermore, the increased adoption of IoT technologies in this industry is likely to have a beneficial impact on regional market growth. With a EUR 20 million investment, the UK government started the COVID-19 Genomics UK Consortium (COG-UK) in March 2020 to sequence the genomes of SARS-CoV-2, the virus responsible for the current COVID-19 pandemic, using whole-genome sequencing (WGS). The NHS, Public Health Agencies, the Wellcome Sanger Institute, and numerous university institutions make up the COVID-19 Genomics UK Consortium (COG-UK).

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Bioinformatics Market Drivers The Occurrence Of Rare Diseases Is Projected To Upsurge Market Growth: The World Health Organization (WHO) estimates that there are 5,000 to 8,000 different rare diseases in Europe, with 27 million to 36 million people affected. Similarly, new diseases are emerging in other parts of the world that do not yet have a specific prescription treatment. As a result, there is a critical need for novel vaccines and treatments to treat these diseases. These rare diseases, it appears, necessitate a lot of data analytics for diagnosis and treatment, which mostly necessitates bioinformatics and other research methodologies.

The Evolution Of Big Data Technology Is Fueling Bioinformatics Advancement: Big data has risen to prominence in practically every industry, with a slew of government and private companies using it to boost their bottom lines. In today’s world, technology is rapidly evolving, allowing for precise predictive analysis. This steady advancement in big data is fueling the rise of bioinformatics since it allows for a closer examination of current medical issues and the development of new approaches for better treatment.

Bioinformatics Market Challenges High-Priced Equipment May Impede Market Expansion: With the development of sophisticated NGS technology, there is an increasing demand for user-friendly, fast, and accurate bioinformatics tools. Bioinformaticians do not make up the bulk of experimental research scientists. As a result, providing user-friendly tools for using bioinformatics platforms is crucial. Because of the lack of a user-friendly interface, many bioinformatics applications require advanced computer abilities. Genomics instruments are also more expensive, ranging from USD 10 million to USD 20 million, because of their extensive features and functions. Pharmaceutical businesses and research institutions spend a lot of money on various genomic equipment since they need so many of them. Small and medium-sized pharmaceutical businesses and research facilities are unable to make such large investments in various genomics equipment due to financial constraints.

Bioinformatics Market Segment Landscape: Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Bioinformatics Market. Bioinformatics Market top 10 companies include:

Agilent Technologies Inc. Biomax Informatics AG Dassault Sytemes Biovia Corp Bruker Corporation Qiagen, Illumina Inc. Permin Elmer Inc. Applied Biologicals Materials Fios Genomics Partek Incorporated SOPHiA Genetics

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Animal Genetics Market Research Trends Analysis by 2030

The Evolving Landscape of Animal Genetics: A Market on the Rise

The Animal Genetics Market is valued at around USD 4.9 billion in 2022 and is expected to reach USD 9.1 billion by 2030, registering a CAGR of 6.7% over the forecast period. The animal genetics market is a dynamic and rapidly evolving field that has the potential to revolutionize the agriculture and livestock industries. By manipulating the genetic makeup of animals, scientists and breeders can develop breeds with superior traits, such as increased productivity, disease resistance, and improved quality.

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Key Drivers of the Animal Genetics Market

Rising Global Population: The ever-increasing global population demands a reliable and sustainable food supply. Animal genetics plays a crucial role in improving livestock productivity and efficiency.

Consumer Demand for High-Quality Products: Consumers are increasingly seeking high-quality, safe, and ethically produced animal products. Genetic advancements can help meet these demands.

Climate Change and Environmental Concerns: Climate change poses significant challenges to agriculture and livestock production. Genetic engineering can help develop breeds that are more resilient to climate change and other environmental stressors.

Technological Advancements: Advances in genetic engineering techniques, such as CRISPR-Cas9, are enabling more precise and efficient genetic modifications.

 Market Trends Driving Growth

Rising Demand for Animal Protein The global population is expected to reach nearly 10 billion by 2050, leading to an increased demand for animal protein. This surge is driving livestock farmers to adopt advanced genetic practices to boost productivity and ensure food security.

Technological Advancements Innovations in genomics and biotechnology, such as CRISPR and genome editing, are revolutionizing the animal genetics market. These technologies allow for precise modifications of genetic material, leading to improved traits in livestock, such as enhanced growth rates and resistance to diseases.

Sustainability Focus As consumers become more environmentally conscious, the demand for sustainable farming practices is rising. Genetic improvements can help reduce the environmental impact of livestock farming by increasing feed efficiency and reducing methane emissions.

Increased Awareness and Education There is a growing awareness among farmers and breeders about the benefits of genetic testing and its impact on herd management. This awareness is fostering a shift towards more data-driven decision-making in livestock production.

The Animal Genetics Market 

CRV Holding

Genus PLC

Hendrix Genetics BV

Neogen Corporation

Topigs Norsvin Holding BV

URUS

Vetgen

Zoetis Services LLC

among others

Key Segments of the Animal Genetics Market

Livestock Genetics: This segment focuses on improving the genetic makeup of livestock animals, such as cattle, pigs, poultry, and sheep.

Aquaculture Genetics: This segment aims to enhance the genetic traits of fish and shellfish, improving their growth rates, disease resistance, and product quality.

Companion Animal Genetics: This segment focuses on improving the breed standards, health, and behavior of dogs, cats, and other companion animals.

Animal Genetics Market Trends and Future Outlook

Precision Breeding: The use of advanced technologies like genomics and bioinformatics to select and breed animals with specific traits.

Gene Editing: The application of gene editing techniques, such as CRISPR-Cas9, to modify the genetic makeup of animals.

Synthetic Biology: The design and engineering of novel biological systems to improve animal health and productivity.

Digital Technologies: The integration of digital technologies, such as IoT and AI, to monitor and manage livestock.

Challenges and Opportunities

Ethical Considerations: The ethical implications of genetic engineering, particularly in terms of animal welfare and environmental impact, need to be carefully considered.

Regulatory Hurdles: Strict regulations governing the development and commercialization of genetically modified animals can pose challenges.

Consumer Acceptance: Public perception of genetically modified organisms (GMOs) can impact market acceptance.

Intellectual Property Rights: Protecting intellectual property rights is crucial for companies operating in the animal genetics market.

Conclusion

The animal genetics market is poised for significant growth in the coming years, driven by technological advancements, increasing global demand for animal products, and a growing focus on sustainability. By addressing ethical concerns, regulatory hurdles, and consumer acceptance, the animal genetics industry can continue to innovate and provide solutions to the challenges facing agriculture and livestock production.

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Biotechnology Market: Trends, Opportunities, and Challenges

Biotechnology has emerged as one of the most transformative sectors in the global economy, revolutionizing industries such as healthcare, agriculture, and environmental management. As of 2024, the biotechnology market is experiencing robust growth, driven by technological advancements, increasing investment, and a rising demand for sustainable solutions. This article explores the current trends, opportunities, and challenges within the biotechnology market.

Market Overview

Biotechnology Market size was valued at USD 1.38 Trillion in 2023 to USD 3.90 Trillion by 2031, growing at a CAGR of 13.9% during the forecast period (2024-2031). This growth is attributed to several factors, including an aging population, increasing prevalence of chronic diseases, and a growing emphasis on personalized medicine.

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Biotechnology Market Segmental Analysis

The global biotechnology market is segmented by type, product, technology, application, and region.

Based on type the market is segmented into blue biotechnology, green biotechnology, red biotechnology, white biotechnology, and others.

Based on product the market is segmented into instrument & reagent (clinical diagnostics, proteomics and genomics, drug discovery & development, cell analysis, others), and software & services.

Based on technology, the market can be segmented into nanobiotechnology, PCR technology, bioinformatics, tissue engineering, DNA sequencing, fermentation technology, and others.

Based on application, the market is segmented into health, agriculture, food and beverages, industrial processing, and others.

Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Biotechnology Market Top Player's Company Profiles - AstraZeneca, Gilead Sciences, Inc., Biogen Inc., Merck, Illumina, Inc., Novo Nordisk A/S, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Lonza Group AG, Pfizer Inc., Bristol-Myers Squibb, Amgen Inc., AbbVie Inc., Regeneron Pharmaceuticals, Inc., Vertex Pharmaceuticals Incorporated, Roche Holding AG, Johnson & Johnson Services, Inc., Moderna, Inc., Bio-Rad Laboratories, Inc., Qiagen N.V.

Current Trends

Personalized Medicine: Advances in genomics and biotechnology are paving the way for personalized treatments tailored to individual genetic profiles, improving efficacy and reducing side effects.

CRISPR and Gene Editing: The rise of CRISPR technology has revolutionized genetic engineering, enabling precise modifications to DNA. This has vast implications for disease treatment, agriculture, and synthetic biology.

Sustainability Initiatives: There is a growing focus on sustainability, leading to increased investment in biofuels and biodegradable materials, which are crucial for reducing carbon footprints.

Telemedicine and Digital Health: The COVID-19 pandemic accelerated the adoption of telemedicine and digital health solutions. Biotechnology firms are integrating these technologies to enhance patient monitoring and drug delivery systems.

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Opportunities

Investment and Funding: Venture capital and government funding for biotech startups are at an all-time high, creating opportunities for innovation and development.

Emerging Markets: Countries in Asia-Pacific, Latin America, and Africa are witnessing a surge in biotech investments, driven by increasing healthcare demands and agricultural challenges.

Collaborations and Partnerships: Strategic partnerships between biotech companies, pharmaceutical firms, and research institutions are becoming more common, fostering innovation and expediting the development of new therapies.

Regulatory Advancements: Streamlined regulatory pathways for biotech products can significantly shorten the time to market, allowing companies to capitalize on their innovations more quickly.

The biotechnology market is poised for remarkable growth, driven by innovations that address some of the world's most pressing challenges. While there are obstacles to overcome, the opportunities presented by this dynamic sector are vast. As biotechnology continues to evolve, it will play an increasingly crucial role in shaping the future of healthcare, agriculture, and environmental sustainability. Stakeholders, including investors, researchers, and policymakers, must work together to harness the potential of biotechnology while navigating its complexities responsibly.

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The Human Genetics Market is projected to grow from USD 28665 million in 2024 to an estimated USD 59681.04 million by 2032, with a compound annual growth rate (CAGR) of 9.6% from 2024 to 2032.The human genetics market is experiencing rapid growth, driven by advancements in genomics, precision medicine, and the increasing understanding of the human genome's role in health and disease. The field of human genetics involves the study of genes, genetic variation, and heredity in humans, and its applications have far-reaching implications in healthcare, diagnostics, drug development, and personalized medicine. In this article, we will explore the current trends, key drivers, challenges, and future prospects of the human genetics market.

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Overview of the Human Genetics Market

The global human genetics market has witnessed significant expansion in recent years, with the development of novel technologies such as next-generation sequencing (NGS), gene editing tools like CRISPR-Cas9, and advancements in bioinformatics. These technologies have made it possible to analyze genetic data more efficiently and accurately, providing valuable insights into disease mechanisms, inheritance patterns, and individual susceptibility to various health conditions. The market encompasses a wide range of products and services, including genetic testing, genome sequencing, gene therapy, pharmacogenomics, and molecular diagnostics.

Key Market Drivers

1. Rising Demand for Genetic Testing: Genetic testing has become a cornerstone in modern healthcare, enabling early detection and diagnosis of genetic disorders. It plays a crucial role in identifying genetic predispositions to conditions such as cancer, cardiovascular diseases, and neurological disorders. As awareness about genetic testing grows among both patients and healthcare providers, the demand for such tests is expected to rise. Moreover, direct-to-consumer (DTC) genetic testing services have gained popularity, allowing individuals to explore their genetic makeup and ancestry.

2. Precision Medicine Initiatives: The growing emphasis on precision medicine is a major driver of the human genetics market. Precision medicine aims to tailor medical treatments to individual patients based on their genetic, environmental, and lifestyle factors. By using genetic information to guide treatment decisions, healthcare providers can improve patient outcomes and reduce adverse drug reactions. As pharmaceutical companies invest in genomics-driven drug development, the demand for genetic research and testing is expected to surge.

3. Advances in Genomic Technologies: Technological advancements in genomics, particularly NGS, have revolutionized the way researchers and clinicians study the human genome. NGS allows for the rapid sequencing of entire genomes or specific genetic regions at a fraction of the cost of traditional methods. This has made large-scale genomic studies feasible and has paved the way for the identification of rare genetic variants associated with complex diseases. Additionally, gene editing technologies like CRISPR-Cas9 have opened new avenues for gene therapy and the correction of genetic mutations.

4. Government and Private Funding: Governments and private organizations worldwide are investing heavily in genomics research and healthcare innovations. For instance, initiatives like the U.S. National Institutes of Health’s (NIH) All of Us Research Program and the UK Biobank project are aimed at collecting large-scale genetic data to better understand the interplay between genetics and disease. These projects are expected to provide valuable resources for the development of new diagnostic tools and therapies.

Challenges Facing the Market

While the human genetics market holds tremendous promise, it is not without its challenges:

1. Ethical and Privacy Concerns: As genetic testing becomes more widespread, concerns over the privacy and security of genetic data are mounting. The potential misuse of genetic information by insurers, employers, or other third parties has raised ethical questions. Ensuring robust data protection measures and addressing ethical concerns are critical to maintaining public trust in genetic services.

2. High Costs of Genetic Testing and Therapies: Despite the declining cost of genome sequencing, genetic testing and gene therapies remain expensive for many patients. The high costs of these services, along with limited reimbursement from insurance providers, can hinder widespread adoption, particularly in low- and middle-income countries.

3. Regulatory Hurdles: The human genetics market is subject to stringent regulatory oversight, particularly for gene-editing technologies and gene therapies. Navigating complex regulatory frameworks and gaining approval for new genetic products can be a lengthy and costly process.

Future Prospects

The future of the human genetics market is bright, with several key trends poised to drive growth in the coming years:

1. Expansion of Personalized Medicine: The continued integration of genetic data into clinical practice will accelerate the shift towards personalized medicine. As researchers gain a deeper understanding of how genetics influence drug response, personalized treatment plans will become more prevalent, improving patient outcomes and reducing healthcare costs.

2. Emergence of AI and Machine Learning: The integration of artificial intelligence (AI) and machine learning into genomics research is expected to revolutionize data analysis. These technologies can analyze vast amounts of genetic data more efficiently, identifying patterns and correlations that may not be apparent through traditional methods. This will enhance our ability to predict disease risk and develop targeted therapies.

3. Increased Accessibility of Genetic Testing: As the cost of genomic technologies continues to decline, genetic testing will become more accessible to a broader population. This will allow for earlier disease detection, improved preventive care, and more targeted treatments, ultimately reducing the burden of genetic disorders.

Key Player Analysis:

Agilent Technologies,

Atrys Health (Spain)

Myriad Genetics,

Biomarker Technology (US)

biorad laboratories,

Bode technology,

Echevarne Laboratory (Spain)

Elabscience Biotechnology Inc (US)

Eurofins Megalab S.A (Spain)

FullGenomics (Spain)

GE healthcare,

GENinCode (UK)

Illumina,

LabCorp,

LGS Forensic,

Myriad Genetics (US)

NIMGenetics (Spain)

Orchid Cellmark,

Promega,

QIAGEN,

Sistemas Genómicos (Spain)

Synlab Group (Germany)

Thermo Fisher Scientific,

Segmentation:

By Type:

Genetic testing,

Genetic analysis,

Genetic research services.

By End User:

Hospitals and clinics,

Research and academic institutions,

Pharmaceutical and biotechnology companies.

By Region:

North America

The U.S

Canada

Mexico

Europe

Germany

France

The U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of Middle East and Africa

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Next Generation Sequencing Market: Innovations and Trends Shaping the Future

The Next Generation Sequencing (NGS) market is experiencing unprecedented growth and innovation, driven by advancements in technology and increasing demand across various sectors, including healthcare, agriculture, and environmental science. According to the latest report from SkyQuest Technology Group, the NGS market is poised for significant expansion, propelled by the promise of more efficient, cost-effective, and comprehensive genomic analysis.

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Global Next Generation Sequencing Market size was valued at USD 7.82 billion in 2022 and is poised to grow from USD 9.27 billion in 2023 to USD 36.04 billion by 2031, growing at a CAGR of 18.5% in the forecast period (2024-2031).

Market Drivers and Growth

Several factors are contributing to the robust growth of the NGS market:

1. Technological Advancements: Continuous improvements in NGS technology are making it more accessible and affordable. Innovations such as single-cell sequencing, long-read sequencing, and portable sequencers are expanding the applications of NGS and driving market growth.

2. Increased Demand for Personalized Medicine: The shift towards personalized medicine is a significant driver of NGS market expansion. Personalized medicine relies on genomic information to tailor treatments to individual patients, improving efficacy and reducing adverse effects. NGS plays a crucial role in identifying genetic markers and mutations that guide treatment decisions.

3. Rising Prevalence of Genetic Disorders: The growing incidence of genetic disorders and cancer is fueling the demand for advanced diagnostic tools. NGS enables comprehensive genetic screening and the identification of rare mutations, leading to more accurate diagnoses and targeted therapies.

4. Declining Costs: The cost of NGS has decreased substantially over the past decade, making it more accessible to a broader range of institutions and researchers. This reduction in cost has democratized genomic research and facilitated its integration into routine clinical practice.

5. Government Initiatives and Funding: Increased funding from government agencies and private organizations is accelerating NGS research and development. Initiatives aimed at advancing genomic research and improving healthcare outcomes are driving investments in NGS technologies.

Next Generation Sequencing Market Segmental Analysis

The next generation sequencing market is segmented into Product and Service, Technology, Application, End User and region.

• Based on the Product & Service, the market is segmented into NGS Consumables, Sequencing Services (Exome & Targeted Resequencing and Custom Panels, RNA Sequencing, DE NOVO Sequencing, Chip Sequencing, Whole-genome sequencing, MethYl Sequencing, Other Sequencing Services), Pre-sequencing Products & Services (Library Preparation And Target Enrichment, Quality Control), NGS Platforms (Illumina [NovaSeq Systems, Nextseq Systems, Miseq Systems, iSeq 100 Systems, Miniseq Systems], Thermo Fisher Scientific, Oxford Nanopore Technologies, Pacific Biosciences, Other NGS Platforms), Bioinformatics (NGS Data Analysis Services, NGS Data Analysis Software and Workbenches, NGS Storage, Management, And Cloud Computing Solutions), Services for NGS Platforms.

• Based on the Technology, the market is segmented into Sequencing by Synthesis, Ion Semiconductor Sequencing, Nanopore Sequencing, Single-molecule Real-time Sequencing, and Other Sequencing Technologies.

• Based on Application, the market is segmented into Diagnostics (Cancer Diagnostics, Infectious Disease Diagnostics, Reproductive Health Diagnostics, Other Diagnostic Applications, Drug Discovery and Development (Pharmacogenomics, Other Drug Discovery and Development Applications), Agricultural and Animal Research, Other Applications.

• Based on the End-user, the market is segmented into Academic Institutes and Research Centers, Pharmaceutical and Biotechnology Companies, Hospitals and Clinics, Reference Laboratories, and Other End Users.

• Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa.

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Next Generation Sequencing Market Top Player's Company Profiles - Illumina Inc., Thermo Fisher Scientific, Inc., PerkinElmer Inc., BGI Group, Agilent Technologies Inc., Eurofins Scientific SE, Pacific Biosciences of California Inc., Oxford Nanopore Technologies, QIAGEN NV, F. Hoffmann-La Roche AG, GENEWIZ Inc., Psomagen, Inc., 10x Genomics Inc., Takara Bio, Zymo Research, NuGen Technologies, Hamilton Company, Beckman Coulter, Becton, Dickinson, and Company, Lucigen Corporation, Novogene Co., Ltd.

Key Market Trends

1. Expansion into Emerging Markets: The NGS market is witnessing growth in emerging economies as research institutions and healthcare providers in these regions adopt advanced genomic technologies. Increased investments and collaborations are fostering the development of NGS infrastructure in these markets.

2. Integration with Artificial Intelligence: The integration of artificial intelligence (AI) and machine learning with NGS is enhancing data analysis and interpretation. AI algorithms can identify patterns and correlations in genomic data that may be missed by traditional methods, improving the accuracy of results.

3. Growing Applications in Non-Medical Fields: Beyond healthcare, NGS is finding applications in agriculture, environmental science, and forensics. In agriculture, NGS is used for crop improvement and pest management, while in environmental science, it aids in biodiversity studies and environmental monitoring.

4. Focus on Data Security and Privacy: As NGS generates vast amounts of sensitive genetic data, ensuring data security and privacy is becoming increasingly important. Companies are investing in robust data protection measures to address concerns related to genetic information. In the coming years, the NGS market is likely to see further advancements in technology, increased adoption across various sectors, and a greater emphasis on personalized and precision medicine. As NGS continues to evolve, it holds the promise of revolutionizing our understanding of genomics and improving healthcare outcomes on a global scale.

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MicroRNA Market Size: Opportunities and Challenges

The MicroRNA Market size was USD 1.57 Billion in 2023 and is expected to Reach USD 4.13 Billion by 2031 and grow at a CAGR of 12.88% over the forecast period of 2024-2031.The microRNA (miRNA) market is experiencing significant growth, driven by the increasing recognition of miRNAs as critical regulators of gene expression and their potential as biomarkers and therapeutic targets.

Advances in miRNA research have opened new avenues for precision medicine, particularly in oncology, where miRNA-based diagnostics and therapies offer promising approaches for early detection and personalized treatment. The market is also benefiting from technological innovations in next-generation sequencing (NGS) and bioinformatics, which enhance miRNA profiling and functional analysis. Additionally, the growing investment in biotechnology and pharmaceutical R&D, coupled with supportive regulatory frameworks, is propelling the development and commercialization of miRNA-based products, positioning the market for robust expansion in the coming years.

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Market Scope & Overview

The scope, global demand, marketability, profitability, and potential of the industry are all extensively covered in the most recent market research report. The research report examines the market in depth and offers details on a variety of subjects, including market drivers, constraints, opportunities, and threats. The potential for growth at the international, regional, and industrial levels is examined by MicroRNA Market research. The study also examines the consequences of the epidemic and offers suggestions for reducing market volatility.

The market research report presents an international viewpoint on the level of industry competition in various regions and markets throughout the world. A dashboard analysis of well-known companies is also included in the MicroRNA Market research report, showing their successful marketing strategies, market presence, and most recent successes in both historical and contemporary contexts.

Market Segmentation Analysis

By Products & Services

Services

Type

Isolation & Purification

miRNA cDNA Synthesis

Profiling, Localization, & Quantification

Functional Analysis

Others

Specimen

Whole Blood

Serum

Plasma

FFPE

Fresh Frozen Tissue

Others

Products

Instruments

Technology

Real Time PCR

Microarray

NGS

Others

Workflow

Isolation & Purification

miRNA cDNA Synthesis

Profiling, Localization, & Quantification

Functional Analysis & Others

Others

Consumables

Specimens

Whole Blood

Serum

Plasma

FFPE

Fresh Frozen Tissue

Others

Workflow

Isolation & Purification

miRNA cDNA Synthesis

Profiling, Localization, & Quantification

Functional Analysis

Others

By Application

Cancer

Infectious Diseases

Immunological Disorder

Cardiovascular Disease

Neurological Disease

Others

COVID-19 Impact Analysis

A comprehensive risk analysis and business ideas for the target market were created over time. The market circumstances prior to and following COVID-19 are also contrasted in this study paper. The influence of the COVID-19 epidemic on the market was thoroughly examined by the MicroRNA Market report.

Regional Outlook

In order to obtain qualitative and quantitative market data from internal and external sources, extensive multi-level research was first done. The plan also calls for the development of projections and overviews of regional markets for each category. During the MicroRNA Market research, the total market size was calculated using both primary and secondary data.

Competitive Analysis

Genuine information can help investors make smarter financial choices. In order to assist companies in the MicroRNA Market sector in making wiser decisions, the research's competition landscape section also includes the most recent information on recent partnerships, mergers, and acquisitions as well as key competitors' tactics.

Key Questions Answered in the MicroRNA Market Report

What impact will COVID-19 have on your target market?

Which market considerations have recently influenced decisions the most?

What are the target market's opportunities, threats, and prospects for the future?

Conclusion

In order to provide a thorough picture of the industry and help businesses better appreciate the possibilities offered by the various regional regions, the research report examines the MicroRNA Market market.

About Us

SNS Insider is a market research and insights firm that has won several awards and earned a solid reputation for service and strategy. We are a strategic partner who can assist you in reframing issues and generating answers to the trickiest business difficulties. For greater consumer insight and client experiences, we leverage the power of experience and people.

When you employ our services, you will collaborate with qualified and experienced staff. We believe it is crucial to collaborate with our clients to ensure that each project is customized to meet their demands. Nobody knows your customers or community better than you do. Therefore, our team needs to ask the correct questions that appeal to your audience in order to collect the best information.

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[health-views-updates]

Untapped Potential: The Rise of Genomic Services in Developing Markets

The global Genomics Services Market is experiencing significant growth, with increasing demand for genomic testing, sequencing, and data analysis. According to a comprehensive report published by SNS Insider, the market is poised for exponential growth in the coming years, driven by advancements in next-generation sequencing (NGS) technologies, increasing applications in healthcare, and growing emphasis on precision medicine.

Market Overview

The Genomic Services Market Revenue has been on an upward trajectory due to factors such as the rise of personalized medicine, growing prevalence of genetic disorders, and advancements in genomic technologies. Genomics services encompass a wide range of services including DNA sequencing, gene expression analysis, bioinformatics, and genotyping, which are vital for disease diagnosis, drug development, and research. These services have paved the way for a deeper understanding of genetic makeup, allowing for the development of customized treatments and therapies.

Key Drivers of Market Growth

Technological Advancements: With the advent of technologies like NGS and CRISPR, the genomics industry has seen a revolutionary shift. These technologies have made genetic testing more accurate, affordable, and accessible, leading to an increased adoption rate. Furthermore, advancements in bioinformatics have allowed for faster and more precise data analysis, which is crucial in interpreting genomic data.

Rise in Personalized Medicine: The trend towards personalized or precision medicine has been a significant contributor to the growth of the genomics services market. Physicians are increasingly relying on genetic information to tailor treatment plans based on an individual's genetic profile. This approach has proven to be more effective, especially in the treatment of cancer, where therapies are customized to target specific genetic mutations.

Increased Research and Development (R&D) Activities: Growing investments in R&D by pharmaceutical companies and research institutions have significantly boosted the demand for genomic services. The integration of genomics in drug discovery and development has accelerated the process of identifying potential drug candidates, leading to faster development of new therapies.

Government Support and Initiatives: Several governments around the world are investing in genomics research, with initiatives aimed at understanding the genetic basis of diseases and developing advanced diagnostic and therapeutic solutions. These initiatives have further propelled the growth of the genomics services market.

Get Free Sample Report @ https://www.snsinsider.com/sample-request/2873 

Market Segmentation

The genomics services market is segmented based on service type, application, and end-user. Major service types include DNA sequencing, gene expression analysis, bioinformatics, and others. Applications range from diagnostics to drug discovery, agriculture, and personalized medicine. Key end-users include pharmaceutical companies, research institutions, hospitals, and academic laboratories.

Regional Insights

The report highlights that North America dominates the genomics services market, primarily due to the presence of major players, advanced healthcare infrastructure, and increased funding for genomic research. However, the Asia-Pacific region is expected to witness the highest growth rate, driven by rising healthcare expenditures, growing awareness about genomics, and the establishment of new genomics facilities. Countries like China, India, and Japan are investing heavily in genomic research, further boosting the market in this region.

Competitive Landscape

The genomics services market is highly competitive, with key players focusing on strategic collaborations, mergers, and acquisitions to strengthen their market position. Companies are also investing in R&D to introduce innovative services and technologies that can enhance data accuracy and reduce turnaround time. Major companies operating in this sector include Illumina Inc., Thermo Fisher Scientific Inc., QIAGEN, Eurofins Scientific, and PerkinElmer Inc.

Future Outlook

The future of the genomics services market looks promising, with continuous advancements in technology and increasing adoption of precision medicine. The integration of artificial intelligence (AI) and machine learning (ML) in genomic data analysis is expected to further enhance the capabilities of genomic services, leading to better diagnostic and therapeutic outcomes. Furthermore, the expansion of genomics in agriculture and non-invasive prenatal testing (NIPT) represents new growth opportunities for the market.

As the demand for personalized medicine continues to grow, the need for accurate and reliable genomic services will become more pronounced, driving the market towards unprecedented growth. The report from SNS Insider provides in-depth insights into market trends, growth drivers, challenges, and opportunities, offering a comprehensive analysis of the global genomics services market.

About Us

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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Biotechnology Market Growth and Status Explored in a New Research Report

The Insight Partners recently announced the release of the market research titled Biotechnology Market Outlook to 2031 | Share, Size, and Growth. The report is a stop solution for companies operating in the Biotechnology market. The report involves details on key segments, market players, precise market revenue statistics, and a roadmap that assists companies in advancing their offerings and preparing for the upcoming decade. Listing out the opportunities in the market, this report intends to prepare businesses for the market dynamics in an estimated period.

Is Investing in the Market Research Worth It?

Some businesses are just lucky to manage their performance without opting for market research, but these incidences are rare. Having information on longer sample sizes helps companies to eliminate bias and assumptions. As a result, entrepreneurs can make better decisions from the outset. Biotechnology Market report allows business to reduce their risks by offering a closer picture of consumer behavior, competition landscape, leading tactics, and risk management.

A trusted market researcher can guide you to not only avoid pitfalls but also help you devise production, marketing, and distribution tactics. With the right research methodologies, The Insight Partners is helping brands unlock revenue opportunities in the Biotechnology market.

If your business falls under any of these categories – Manufacturer, Supplier, Retailer, or Distributor, this syndicated Biotechnology market research has all that you need.

What are Key Offerings Under this Biotechnology Market Research?

Global Biotechnology market summary, current and future Biotechnology market size

Market Competition in Terms of Key Market Players, their Revenue, and their Share

Economic Impact on the Industry

Production, Revenue (value), Price Trend

Cost Investigation and Consumer Insights

Industrial Chain, Raw Material Sourcing Strategy, and Downstream Buyers

Production, Revenue (Value) by Geographical Segmentation

Marketing Strategy Comprehension, Distributors and Traders

Global Biotechnology Market Forecast

Study on Market Research Factors

Who are the Major Market Players in the Biotechnology Market?

Biotechnology market is all set to accommodate more companies and is foreseen to intensify market competition in coming years. Companies focus on consistent new launches and regional expansion can be outlined as dominant tactics. Biotechnology market giants have widespread reach which has favored them with a wide consumer base and subsequently increased their Biotechnology market share.

Report Attributes

Details

Segmental Coverage

Technology

DNA Sequencing

Fermentation

Cell-Based Assay

Nanobiotechnology

Chromatography

PCR Technology

Tissue Engineering Regeneration

Other Technologies

and Application

Industrial Processing

Bioinformatics

Food & Agriculture

Health

Natural Resources & Environment

Other Applications

Regional and Country Coverage

North America (US, Canada, Mexico)

Europe (UK, Germany, France, Russia, Italy, Rest of Europe)

Asia Pacific (China, India, Japan, Australia, Rest of APAC)

South / South & Central America (Brazil, Argentina, Rest of South/South & Central America)

Middle East & Africa (South Africa, Saudi Arabia, UAE, Rest of MEA)

Market Leaders and Key Company Profiles

Thermo Fisher Scientific Inc.

Merck KGaA

PerkinElmer, Inc.

Agilent Technologies, Inc.

F. Hoffmann-La Roche Ltd.

Danaher

QIAGEN

BD

Bio-Rad Laboratories, Inc.

Illumina, Inc.

Other key companies 

What are Perks for Buyers?

The research will guide you in decisions and technology trends to adopt in the projected period.

Take effective Biotechnology market growth decisions and stay ahead of competitors

Improve product/services and marketing strategies.

Unlock suitable market entry tactics and ways to sustain in the market

Knowing market players can help you in planning future mergers and acquisitions

Visual representation of data by our team makes it easier to interpret and present the data further to investors, and your other stakeholders.

Do We Offer Customized Insights? Yes, We Do!

The The Insight Partners offer customized insights based on the client’s requirements. The following are some customizations our clients frequently ask for:

The Biotechnology market report can be customized based on specific regions/countries as per the intention of the business

The report production was facilitated as per the need and following the expected time frame

Insights and chapters tailored as per your requirements.

Depending on the preferences we may also accommodate changes in the current scope.

Author’s Bio:

Sunil Jadhav

Senior Market Research Expert at The Insight Partners

[marketsreport]

Carrier Screening Market Size, Share, Demand and Forecast 2024-2032

IMARC Group has recently released a new research study titled “Carrier Screening Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The global carrier screening market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2032, exhibiting a growth rate (CAGR) of 9.7% during 2024-2032.

Global Carrier Screening Market Trends:

The rising prevalence of genetic disorders, the increasing integration of genetic counseling services, and the expanding use of personalized medicine, which emphasizes tailored healthcare strategies based on individual genetic profiles, are aiding the market growth. Moreover, advancements in telehealth services, which increase access to genetic testing, the growing collaboration between healthcare providers and biotechnology firms, and the increasing incorporation of carrier screening in routine prenatal care protocols, enhancing its adoption and integration into standard medical practice, are impelling the market growth. Besides this, increased investment in genetic research, rising consumer interest in proactive health management, and the development of comprehensive genomic databases that enhance the accuracy and scope of carrier screening, thus bolstering the market reach.

Request to Get the Sample Report: https://www.imarcgroup.com/carrier-screening-market/requestsample

Factors Affecting the Growth of the Carrier Screening Industry:

Technological advancements:

Innovations such as next-generation sequencing (NGS) and advancements in bioinformatics have enhanced the accuracy, efficiency, and affordability of carrier screening tests. NGS allows for the simultaneous analysis of multiple genes, making it possible to screen for a wide range of genetic disorders in a single test. This technological leap reduces the cost and time associated with genetic testing and increases the reliability of the results, encouraging more healthcare providers and patients to adopt carrier screening. Additionally, the development of non-invasive testing methods has made carrier screening more accessible and less daunting for individuals, thereby contributing to the market reach.

Increasing awareness and demand for early detection:

With the growing understanding of genetics and its impact on health, more individuals and couples are opting for carrier screening to assess their risk of passing on genetic disorders to their offspring. This is particularly important for couples planning to start a family, as early detection can inform their reproductive choices and enable them to take preventive measures. Conditions such as cystic fibrosis, spinal muscular atrophy, and Tay-Sachs disease are some of the disorders commonly screened for, as early identification can significantly impact management and treatment outcomes. Public health campaigns and educational initiatives by healthcare organizations and advocacy groups have played a crucial role in raising awareness about the benefits of carrier screening, thereby strengthening the market demand.

Supportive governmental and regulatory policies:

Many governments and health authorities recognize the importance of genetic screening in preventing and managing genetic disorders. Consequently, they have implemented policies and guidelines that promote carrier screening, particularly for high-risk populations. In some countries, carrier screening is recommended or even mandated for certain ethnic groups known to have a higher prevalence of specific genetic disorders. Additionally, insurance companies are increasingly covering the costs of carrier screening, making it more affordable and accessible to a broader population. Regulatory bodies such as the FDA are also actively involved in ensuring the safety and efficacy of genetic tests providing an impetus to the market demand.

Explore Full Report Description At: https://www.imarcgroup.com/carrier-screening-market

Key Companies:

Fulgent Genetics

Gene By Gene Ltd. (MyDNA)

Illumina Inc.

Invitae Corporation

MedGenome Labs Ltd.

Myriad Genetics Inc.

Natera Inc.

OPKO Health Inc.

Quest Diagnostics

Sema4

Thermo Fisher Scientific Inc.

Carrier Screening Market Report Segmentation:

By Type:

Expanded Carrier Screening

Targeted Disease Carrier Screening

On the basis of type, the market is divided into expanded carrier screening and targeted disease carrier screening.

By Medical Condition:

Pulmonary Conditions

Hematological Conditions

Neurological Conditions

Others

Based on the medical condition, the market is segmented into pulmonary conditions, hematological conditions, neurological conditions, and others.

By Technology:

DNA Sequencing

Polymerase Chain Reaction

Microarrays

Others

On the basis of technology, the market is classified into DNA sequencing, polymerase chain reaction, microarrays, and others.

By End User:

Hospitals and Clinics

Reference Laboratories

Others

Based on the end user, the market is classified into hospitals and clinics, reference laboratories, and others.

Regional Insights:

North America

Asia-Pacific

Europe

Latin America

Middle East and Africa

On the basis of region, the market is segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.

Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=4417&flag=C

Key Highlights of the Report:

Market Performance (2018-2023)

Market Outlook (2024-2032)

Market Trends

Market Drivers and Success Factors

Impact of COVID-19

Value Chain Analysis

Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us                                                                      

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

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[credenceresearchdotblog]

The Clinical Oncology Next Generation Sequencing Market is projected to grow from USD 624.66 million in 2024 to USD 2185.98 million by 2032, reflecting a compound annual growth rate (CAGR) of 16.95%.The Clinical Oncology Next-Generation Sequencing (NGS) market is rapidly transforming the landscape of cancer diagnostics and treatment. NGS, a powerful and versatile tool, enables the comprehensive analysis of genetic mutations associated with various types of cancer. By identifying these mutations, NGS helps in tailoring personalized treatments, leading to better patient outcomes. The market for NGS in clinical oncology is expanding due to advancements in technology, increasing demand for personalized medicine, and the growing prevalence of cancer worldwide.

Browse the full report at https://www.credenceresearch.com/report/clinical-oncology-next-generation-sequencing-market

Market Dynamics

The global Clinical Oncology NGS market is driven by several key factors. The rising incidence of cancer, coupled with the growing awareness of the benefits of early detection and personalized treatment, is a primary driver. According to the World Health Organization (WHO), cancer is one of the leading causes of death worldwide, with an estimated 19.3 million new cases and 10 million cancer-related deaths in 2020. The increasing burden of cancer has necessitated the development of advanced diagnostic tools like NGS to improve early detection and treatment strategies.

Technological advancements in NGS platforms have significantly reduced the cost of sequencing, making it more accessible to healthcare providers and patients. The ability of NGS to sequence multiple genes simultaneously with high accuracy and sensitivity has revolutionized cancer genomics. This has led to the identification of actionable mutations that can be targeted with specific therapies, thereby enhancing the effectiveness of treatment and reducing adverse effects.

Another significant factor contributing to the growth of the Clinical Oncology NGS market is the increasing adoption of personalized medicine. Personalized medicine involves tailoring medical treatment to the individual characteristics of each patient, and NGS plays a critical role in this approach. By analyzing a patient’s genetic makeup, NGS can identify specific mutations that drive cancer, enabling the selection of targeted therapies that are more likely to be effective.

Challenges and Opportunities

Despite the promising growth, the Clinical Oncology NGS market faces several challenges. One of the primary challenges is the complexity of data analysis and interpretation. NGS generates vast amounts of data, and interpreting this data requires sophisticated bioinformatics tools and expertise. Additionally, the lack of standardization in NGS protocols and the high cost of advanced sequencing platforms are significant barriers to widespread adoption.

However, these challenges also present opportunities for market players. The development of user-friendly bioinformatics tools and cloud-based platforms for data analysis can help overcome the challenges associated with data interpretation. Moreover, continued advancements in sequencing technology and cost reductions will likely drive further adoption of NGS in clinical oncology.

Key Player Analysis

Thermo Fisher Scientific Inc.

Oxford Nanopore Technologies Ltd.

Agilent Technologies, Inc.

PerkinElmer, Inc.

Pacific Biosciences of California, Inc.

Qiagen N.V.

Illumina Inc.

Bio-Rad Laboratories, Inc.

BGI Group

Hoffmann-La Roche Ltd.

Segments:

Based on Component:

Sequencing platforms

Sequencing products

Kits and reagents

Services

Based on Technology:

Ion semiconductor sequencing

Pyro-sequencing

Synthesis sequencing (SBS)

Real time sequencing (SMRT)

Ligation sequencing

Reversible dye termination sequencing

Nano-pore sequencing

Based on Application:

Whole tumor genome sequencing

Whole tumor exome sequencing

Targeted tumor genome profiling

Tumor transcriptome sequencing

Tumor-normal comparisons

Others

Based on End User:

Hospitals

Laboratories

Clinical research organizations

Diagnostic laboratories

Others

Based on the Geography:

North America

US

Canada

Mexico

Europe

Germany

Uk

France

Italy

Spain

Russia

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Australia

Rest of Asia Pacific

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

UAE

Saudi Arabia

Qatar

South Africa

Rest of the Middle East & Africa

Browse the full report at https://www.credenceresearch.com/report/clinical-oncology-next-generation-sequencing-market

About Us:

Credence Research is committed to employee well-being and productivity. Following the COVID-19 pandemic, we have implemented a permanent work-from-home policy for all employees.

Contact:

Credence Research

Please contact us at +91 6232 49 3207

Email: sales@credenceresearch.com

Website: www.credenceresearch.com

[trendingrepots]

Bioinformatics Market - Forecast(2024 - 2030)

Bioinformatics Market Overview

Bioinformatics Market size was valued at $8.3 billion in 2020, growing at a CAGR of 12.4% during the forecast period 2021-2026. The recording, annotation, storage, analysis, and retrieval of nucleic acid sequence, protein sequence, and structural information are all covered by bioinformatics. Proteomics is the study of proteomes on a vast scale. A proteome is a collection of proteins made by a living creature, system, or biological milieu. Single nucleotide polymorphisms (SNPs) is a useful tool for determining the genetic basis of disease. In genome-wide association studies and fine-scale genetic mapping initiatives, these variants can be utilized as markers. Bioinformatics applications include molecular therapeutics, metabolomics, and proteomics, to name a few. It's also used in genetics and genomics research. The combination of biology and information technology is referred to as "bioinformatics." Computer software tools are used in bioinformatics to create, administer, and develop databases. Data warehousing, data mining, and communication networking all use it. Furthermore, it is frequently utilized in the field of medical research and medication development for the management of biological data. The worldwide Bioinformatics Market is predicted to develop owing to the high frequency of chronic diseases. According to the American Cancer Society, it was expected to have 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the United States year 2019.

Bioinformatics Market Report Coverage                                                                    

The report: “Bioinformatics Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Bioinformatics Market.

By Products & Services: Knowledge Management Tools, Bioinformatics Platforms, and Bioinformatics Services By Application: Genomics, Chemoinformatics & Drug Design, Proteomics, Transcriptomics, Metabolomics, and Others By Sector: Animal Biotechnology, Medical Biotechnology, Forensic Biotechnology, Plant Biotechnology, Environmental Biotechnology, Others By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina & Rest of South America) and Rest of the World (Middle East & Africa)

Key Takeaways

A single nucleotide polymorphism, or SNP (pronounced "snip"), is a difference in the DNA sequence at a single place between individuals. DNA is made up of a chain of four nucleotide bases: A, C, G, and T.

The rise in bioinformatics platform application can be ascribed to an increase in demand from life science companies for structural identification and customization. This, in turn, would aid in the development of drugs and the assessment of their therapeutic effects. Furthermore, as drug research and discovery become more efficient and safe, the demand for new tools in drug development grows. As a result, the Bioinformatics Market is likely to grow in the future.

A detailed analysis of the main players functioning in the Bioinformatics Market's Strengths, Weaknesses, and Opportunities will be provided in the report.

Bioinformatics Market Segment Analysis – By Products & Services:

Based on Products & Services, Bioinformatics Market is segmented into Knowledge Management Tools, Bioinformatics Platforms, and Bioinformatics Services. The Bioinformatics Platforms segment is accounted for the largest revenue market share in 2020 for Bioinformatics Market owing to an increase in platform applications and the demand for better tools in drug development. This trend is expected to continue during the projected period. The study of evolutionary history, development, and relationships among organisms using molecular sequence or structural data is known as molecular phylogenetics (DNA, RNA, or proteins). The Knowledge Management Tools segment is poised to grow with the fastest CAGR of 13.6% in the forecast period 2021-2026. Researchers utilize knowledge management technologies to deal with vast amounts of diverse data. This data comprises both experimental data and data acquired from publicly available repositories. Data management, data warehousing, data mining, and information retrieval are all functions of knowledge management technologies. By comparing them to available databases, these functions aid in understanding the structure of genes and proteins, as well as the implications of mutations.

Bioinformatics Market Segment Analysis – By Sector:

Based on Sector, Bioinformatics Market is segmented into Animal Biotechnology, Medical Biotechnology, Forensic Biotechnology, Plant Biotechnology, Environmental Biotechnology, Others. In 2020, the medical biotechnology segment accounted for the largest revenue market share for Bioinformatics Market. The use of bioinformatics in clinical diagnostics is primarily driven by the development of new databases for drug discovery, the use of bioinformatics for clinical diagnostics, and increased funding for the development of bioinformatics solutions for clinical diagnostics, all of which are contributing to the growth of the medical biotechnology segment in the market. Metabolomics is the study of all or a large number of biological metabolites on a global scale. Metabolomics, like other types of functional genomics research, generates a lot of data. Handling, processing, and analyzing this data is a significant undertaking that necessitates the use of sophisticated mathematical, statistical, and bioinformatics software. The Animal Biotechnology segment is predicted to grow with the fastest CAGR of 13.8% in the forecast period 2021-2026. In the veterinary sciences, it has become an essential tool for both basic and applied research. Bioinformatics has advanced veterinary research by introducing new tools for identifying vaccination targets based on the sequencing of biological data from organisms.

Bioinformatics Market Segment Analysis – By Geography

Based on Geography, North America Bioinformatics accounted for the 35% revenue share in 2020. The Bioinformatics Market in this region is growing owing to the government funding for genetic research, the existence of prominent bioinformatics providers, decreasing sequencing prices, improved awareness of bioinformatics services, and an increase in the number of genomic research activities. It has a good funding scenario for research activities. This regional market is characterized by increased government initiatives for genomic testing reimbursement and a favorable financing scenario for bioinformatics research activities. A large number of healthcare investments in the European region is expected to fuel the Bioinformatics Market. Furthermore, the increased adoption of IoT technologies in this industry is likely to have a beneficial impact on regional market growth. With a EUR 20 million investment, the UK government started the COVID-19 Genomics UK Consortium (COG-UK) in March 2020 to sequence the genomes of SARS-CoV-2, the virus responsible for the current COVID-19 pandemic, using whole-genome sequencing (WGS). The NHS, Public Health Agencies, the Wellcome Sanger Institute, and numerous university institutions make up the COVID-19 Genomics UK Consortium (COG-UK).

Bioinformatics Market Drivers

The Occurrence Of Rare Diseases Is Projected To Upsurge Market Growth:

The World Health Organization (WHO) estimates that there are 5,000 to 8,000 different rare diseases in Europe, with 27 million to 36 million people affected. Similarly, new diseases are emerging in other parts of the world that do not yet have a specific prescription treatment. As a result, there is a critical need for novel vaccines and treatments to treat these diseases. These rare diseases, it appears, necessitate a lot of data analytics for diagnosis and treatment, which mostly necessitates bioinformatics and other research methodologies.

The Evolution Of Big Data Technology Is Fueling Bioinformatics Advancement:

Big data has risen to prominence in practically every industry, with a slew of government and private companies using it to boost their bottom lines. In today's world, technology is rapidly evolving, allowing for precise predictive analysis. This steady advancement in big data is fueling the rise of bioinformatics since it allows for a closer examination of current medical issues and the development of new approaches for better treatment.