In a recent research report by Maximize Market Research, the Next-Generation Sequencing Data Analysis Market is expected to surpass US $XX Million by the year 2026, from US $XX Million in 2019.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than XX%, during the tenure of 2020 – 2026.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Next-Generation Sequencing Data Analysis in the region, the Value – Chain Analysis, and the PORTER’s analysis for the Next-Generation Sequencing Data Analysis Market at a global level.
The advent of next-generation sequencing (NGS) methods, as well as their growing use in clinical diagnosis, genomic testing, and customized treatment of a variety of diseases, is driving up demand for accurate and quick sequencing interpretation tools and algorithms that can speed up data analysis.
The study is consolidated based on two major segments and further into sub-segments, Product (Services, NGS Commercial Software), Workflow (Primary, Secondary, Tertiary), Mode (In-house, Outsourced), Read Length (Short Read, Long Read, Very Long Read), and End User (Academic Research, Clinical Research, Hospitals & Clinics, Pharma & Biotech Entities), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
From 2021 to 2026, the outsourced model segment is expected to grow at the fastest pace. Companies such as SciBerg provide outsourced NGS data collection services because of the cost benefits of outsourcing. Conversely, due to the low acceptance of outsourced services by large-scale multinational pharmaceutical and biotechnology firms, revenue production from this segment is projected to decline.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players- Thermo Fisher Scientific, Inc., Illumina, Inc., QIAGEN, F. Hoffman-La Roche Technologies, Agilent Technologies, Intrexon Bioinformatics Germany GmbH, Partek, Inc., PierianDx, DNASTAR, Inc., Eurofins Scientific, Congenica Ltd., Bio Rad Laboratories, Inc., Genuity Science, DNAnexus Inc., SciGenom Labs Pvt. Ltd, Golden Helix, Inc. in Next-Generation Sequencing Data Analysis Market.
You can browse the market data Tables and Figures are spread through a comprehensive research report and in-depth TOC on the “Global Next-Generation Sequencing Data Analysis Market.”
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