India Next-generation Sequencing Data Analysis Market Size & Outlook
India next-generation sequencing data analysis market, 2018-2030 (US$M)
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India next-generation sequencing data analysis market highlights
- The India next-generation sequencing data analysis market generated a revenue of USD 16.3 million in 2023 and is expected to reach USD 68.8 million by 2030.
- The India market is expected to grow at a CAGR of 22.9% 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 16.3 million |
| Market revenue in 2030 | USD 68.8 million |
| Growth rate | 22.9% (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, India accounted for 1.5% 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 Asia Pacific, China next-generation sequencing data analysis market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 295.4 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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India 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 53.99% in 2023. Horizon Databook has segmented the India next-generation sequencing data analysis market based on services, ngs commercial software covering the revenue growth of each sub-segment from 2018 to 2030.
The emerging trend of NGS data analysis platforms and increasing awareness about benefits of NGS data analysis are attracting new players to the industry. These players are showcasing their platforms and solutions in conferences, which is likely to expand the customer base in the Indian market.
Moreover, active participation of government to boost NGS and data analysis is estimated to drive market growth. For instance, in July 2021, the Ministry of Science and Technology, Government of India, announced the commissioning of an Indian SARS-CoV-2 Genomics Consortium (INSACOG) Sequencing Facility in a Northeast Indian state.
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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 country-level data and insights on the India next-generation sequencing data analysis market , including forecasts for subscribers. This country databook contains high-level insights into India next-generation sequencing data analysis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India next-generation sequencing data analysis market size, by product, 2018-2030 (US$M)
India Next-generation Sequencing Data Analysis Market Outlook Share, 2023 & 2030 (US$M)
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