The global NGS data analysis market will foresee high demand amid researchers since it allows them in examining biological systems in detail, due to its outstanding output scalability and speed in offering results.
The global NGS data analysis market will foresee high demand amid researchers since it allows them in examining biological systems in detail, due to its outstanding output scalability and speed in offering results. There has been a need for a higher level of understanding on account of complexities involved in the genomic research as compared to that provided by conventional DNA sequencing methods. A few of the aspects which have a direct optimistic impact on the NGS data analysis market are
- Usage of cloud computing platforms prompting technological progressions in data integration tools
- Introduction of workflow management systems solutions
- Implementation of cloud-based solutions that effectively and robustly manage the distribution and parallelization of user codes and input data on several computer nodes.
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Fact.Mr also states in its study that among all end-users in the global market, academic research institutes will be accounting for the biggest market revenue share amid 2017 to 2026. Prevalence of academic research institutes in the market could be ascribed to steady usage of high-throughput sequencing in academic and university-based research projects.
The global NGS data analysis market, the market is poised to record a robust CAGR of 15.0% during the projected period of 2017-2026 and is likely to account for a valuation of over US$ 280 Mn. The global market is attaining lucrative opportunities in developing and designing novel solutions by commercial service providers that provide rapid turnaround times.
How will Demand for Personalized Medicine Influence NGS Data Analysis Market Demand?
Increase in the demand for personalized medicine ensues in a change from a one-size-fits-all concept towards tailored target therapies. Several national and international genome projects have been presented to reap the advantages of precision medicine. The WES (Whole exome sequencing) is extensively acknowledged in this area since it covers genome areas to conclude the regions of disease-causing mutations. Therefore, advancement in precision medicine offers WES analysis and big data analytics.
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Leading market players offering NGS data analysis solutions are undertaking strategic partnerships and collaborations for improving their present product portfolios and sustaining a firm impression in the worldwide NGS data analysis market.
North America’s Growth Propelled by Presence of Established Players
North America is anticipated to remain at the forefront among other regions as the region is home to various matured players of NGS data analysis. A notable number of NGS research projects are being executed in Canadian universities, which consecutively has ensued into high demand for NGS data analysis, thus impacting the revenue growth in the region. The region is poised to remain the rapidly-expanding and biggest market for NGS data analysis.
APEJ will additionally record a robust growth in the market by 2026, primarily fuelled by growing number of research grants pertaining to sequencing projects in its emerging nations such as India and China. Integration of high-throughput screening stimulated by positive r&d results in the region will also push growth in the region.
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