Japan Next-generation Sequencing Data Analysis Market Size & Outlook
Japan next-generation sequencing data analysis market, 2018-2030 (US$M)
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Japan next-generation sequencing data analysis market highlights
- The Japan next-generation sequencing data analysis market generated a revenue of USD 31.3 million in 2023 and is expected to reach USD 123.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 21.6% 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 31.3 million |
| Market revenue in 2030 | USD 123.1 million |
| Growth rate | 21.6% (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, Japan accounted for 2.9% 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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Japan 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 Japan next-generation sequencing data analysis market based on services, ngs commercial software covering the revenue growth of each sub-segment from 2018 to 2030.
There has been significant progress in understanding the molecular basis of cancer with the use of sequencing technologies in Japan. The Ministry of Health, Labor, and Welfare of Japan has approved multiple cancer gene panels based on NGS technology to be used in clinical practice.
For instance, the National Cancer Center, in collaboration with Sysmex Corporation, designed Onco Guide NCC Onco panel System that obtained approval in June 2019 for insurance coverage in Japan. This sequencing panel is used along with Agilent Sure Design.
Moreover, strategic initiatives undertaken by international companies to broaden the scope of NGS testing are expected to fuel growth of Japan NGS data analysis market. In June 2019, the National Cancer Center of Japan selected QIAGEN Clinical Insight (QCI) to support molecular profiling in the country’s cancer genomic medicine program.
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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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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan next-generation sequencing data analysis market , including forecasts for subscribers. This country databook contains high-level insights into Japan next-generation sequencing data analysis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan next-generation sequencing data analysis market size, by product, 2018-2030 (US$M)
Japan Next-generation Sequencing Data Analysis Market Outlook Share, 2023 & 2030 (US$M)
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