Canada Next-generation Sequencing Data Analysis Market Size & Outlook
Canada next-generation sequencing data analysis market, 2018-2030 (US$M)
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Canada next-generation sequencing data analysis market highlights
- The Canada next-generation sequencing data analysis market generated a revenue of USD 40.4 million in 2023 and is expected to reach USD 107.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 15% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product in 2023.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
Next-generation sequencing data analysis market data book summary
| Market revenue in 2023 | USD 40.4 million |
| Market revenue in 2030 | USD 107.3 million |
| Growth rate | 15% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, NGS Commercial Software |
| Key market players worldwide | Bio-Rad Laboratories Inc, DNAnexus, Qiagen NV, DNAstar, Pacific Biosciences of California Inc, Eurofins Scientific SE, Illumina Inc, PierianDx, Agilent Technologies Inc, Roche Holding AG, Alphabet Inc Class A, Thermo Fisher Scientific Inc, Golden Helix, Scigenom Labs, Genuity Science, Fabric Genomics (formerly Omicia), Congenica, Precigen |
Other key industry trends
- In terms of revenue, Canada accounted for 3.7% of the global next-generation sequencing data analysis market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. next-generation sequencing data analysis market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,194.5 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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Canada 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 53.96% in 2023. Horizon Databook has segmented the Canada next-generation sequencing data analysis market based on services, ngs commercial software covering the revenue growth of each sub-segment from 2018 to 2030.
Canada NGS data analysis market is expected to grow at a significant rate with a number of provincial and national initiatives undertaken for NGS-based research. For instance, Exactis Innovation, a nonprofit, pan-Canadian organization, offers accelerated access to clinical trials for personalized medicine, especially for cancer.
The Personalize My Treatment program of Exactis focuses on the selection of patients suitable for clinical trials based on sequencing studies. Such initiatives drive the demand for NGS-based software in these clinical trials in Canada. Furthermore, several initiatives are being undertaken by key players, such as Qiagen, Illumina, Roche, and Thermo Fisher Scientific, Inc., present in the country.
Government agencies are also involved in such activities to broaden the landscape of NGS technologies in Canada, which further drives market growth. For instance, in July 2019, the Ontario Institute for Cancer Research, Genome Canada, and Thermo Fisher Scientific, Inc. collaborated for the development of a complete solution of targeted NGS assays & analysis software.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada next-generation sequencing data analysis market , including forecasts for subscribers. This country databook contains high-level insights into Canada next-generation sequencing data analysis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada next-generation sequencing data analysis market size, by product, 2018-2030 (US$M)
Canada Next-generation Sequencing Data Analysis Market Outlook Share, 2023 & 2030 (US$M)
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