Market players are expected to continue to develop software solutions to simplify the NGS workflow and automate processes in order to cater to the needs of healthcare organizations and academic research centers.
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled NGS Informatics Market – A Global and Regional Analysis.
According to this study, the global NGS informatics market was valued at $1.38 billion in 2021 and is projected to reach $6.71 billion by 2032.
The following factors are responsible for the increase in demand for NGS informatics:
The detailed study is a compilation of 12 market data tables and 164 figures spread through 222 pages.
Check out the detailed table of content here:
https://bisresearch.com/requestsample?id=1417&type=toc
Analyst’s Take on the Market Projection
According to Swati Sood, Principal Analyst – BIS Research, “With the increasing clinical applications of NGS, the demand for NGS informatics has increased worldwide. The global NGS informatics market is expected to witness significant growth due to factors such as low cost of sequencing platforms, rise in adoption of NGS informatics solutions, growing importance of population genomic studies, and initiatives of the government for the market.”
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Major Existing Industry Leaders in the NGS Informatics Market
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are
Recent Developments in the Global NGS Informatics Market
Asia-Pacific Region to Witness Maximum Growth During the Forecast Period
North America and Europe have a technologically advanced healthcare and genomics landscape, that has helped these regions in holding the maximum share in the global NGS informatics market for a while now.
However, as per the latest study conducted by BIS Research, it is the regions such as Asia-Pacific and Latin America that are projected to witness significant growth in the overall market of NGS informatics during the forecast period 2022-2032.
This observation is owing to factors such as the rigorous research and development (R&D) related to NGS, advancements in big data technology, and increasing clinical applications of NGS in cancer.
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Exclusive DeepTech™ MAP on Healthcare by BIS Research:
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About BIS Research:
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