Germany Next-generation Sequencing Data Analysis Market Size & Outlook
Germany next-generation sequencing data analysis market, 2018-2030 (US$M)
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Germany next-generation sequencing data analysis market highlights
- The Germany next-generation sequencing data analysis market generated a revenue of USD 91.1 million in 2023 and is expected to reach USD 429.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 24.8% 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 91.1 million |
| Market revenue in 2030 | USD 429.6 million |
| Growth rate | 24.8% (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, Germany accounted for 8.5% 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 Europe, Germany next-generation sequencing data analysis market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 429.6 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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Germany 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 54.12% in 2023. Horizon Databook has segmented the Germany next-generation sequencing data analysis market based on services, ngs commercial software covering the revenue growth of each sub-segment from 2018 to 2030.
Large number of providers are offering NGS data analysis tools and undertaking initiatives to expand the scope of these tools. QIAGEN, CeGaT GmbH, Intrexon Bioinformatics Germany GmbH, and Eurofins Scientific are some of the companies significantly impacting the market growth in this region.
The capacity expansion includes ARTIC NGS of more than 5,000 full genomes per day. In addition, numerous workshops and conferences on NGS help raise awareness pertaining to NGS data analysis. For instance, ecSeq Bioinformatics has hosted several NGS-based workshops and would be hosting a workshop on practical introduction to NGS data analysis in late July 2020 in Munich, Germany.
Furthermore, increasing support by government authorities is expected to have a positive impact on growth of this market. For instance, in March 2018, German Research Foundation (DFG) funded four new German sequencing centers.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany next-generation sequencing data analysis market , including forecasts for subscribers. This country databook contains high-level insights into Germany next-generation sequencing data analysis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany next-generation sequencing data analysis market size, by product, 2018-2030 (US$M)
Germany Next-generation Sequencing Data Analysis Market Outlook Share, 2023 & 2030 (US$M)
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