Global Next-generation Sequencing Data Analysis Market Size & Outlook
Global next-generation sequencing data analysis market, 2018-2030 (US$M)
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Global next-generation sequencing data analysis market highlights
- The global next-generation sequencing data analysis market generated a revenue of USD 1,076.8 million in 2023 and is expected to reach USD 4,556.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 22.9% by 2030.
- In terms of segment, services accounted for a revenue of USD 582.4 million in 2023.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Thailand is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,076.8 million |
| Market revenue in 2030 | USD 4,556.9 million |
| Growth rate | 22.9% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, NGS Commercial Software |
Other key industry trends
- In terms of revenue, the North America accounted for 49.2% of the global next-generation sequencing data analysis market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Thailand is the fastest growing regional market and is projected to reach USD 16.9 million by 2030.
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Next-generation Sequencing Data Analysis Market Scope
Next-generation Sequencing Data Analysis Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global next-generation sequencing data analysis market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to next-generation sequencing data analysis market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 54.09% in 2023. Horizon Databook has segmented the Global next-generation sequencing data analysis market based on services, ngs commercial software covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing adoption of cloud-based solutions that effectively and robustly manage parallelization and distribution of input data and user codes on many computer nodes are expected to contribute to market growth. Cloud computing provides advantage of performing tasks across different parallel computing nodes and processors coupled with significant reduction in waiting time.
Introduction of cloud-computing environment for processing NGS-generated data has played a significant role in driving the adoption of NGS data analysis solutions. It is observed that cloud computing works efficiently for data analysis with respect to performance and cost effectiveness.
Although large institutes and established market players can afford to procure software licenses and have a well-established infrastructure, smaller firms and research entities find it difficult to implement these solutions due to lack of financial resources and infrastructure support. Hence, companies such as Microsoft, Google, and Amazon offer solutions for computational power, which are required for storage and analysis of this data.
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Our clientele includes a mix of next-generation sequencing data analysis market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global next-generation sequencing data analysis market , including forecasts for subscribers. This global databook contains high-level insights into Global next-generation sequencing data analysis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global next-generation sequencing data analysis market size, by regions, 2018-2030 (US$M)
Top 10 countries: Next-generation sequencing data analysis market size, 2023 (US$M)
Global next-generation sequencing data analysis market share, by product, 2023 & 2030 (%, US$M)
Next-generation sequencing data analysis market: Opportunity assessment by country
Global next-generation sequencing data analysis market, by region, 2023 (US$M)
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