Global Next-generation Sequencing Data Analysis Market Size & Outlook

The next-generation sequencing data analysis industry worldwide is expected to reach a projected revenue of US$ 4,556.9 million by 2030. A compound annual growth rate of 22.9% is expected of the worldwide next-generation sequencing data analysis industry from 2024 to 2030.

Revenue, 2023 (US$M)
$1,076.8
Forecast, 2030 (US$M)
$4,556.9
CAGR, 2024 - 2030
22.9%
Report Coverage
Worldwide

Global next-generation sequencing data analysis market, 2018-2030 (US$M)

Related Markets

Global next-generation sequencing data analysis market highlights

  • The global next-generation sequencing data analysis market generated a revenue of USD 1,076.8 million in 2023 and is expected to reach USD 4,556.9 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 22.9% by 2030.
  • In terms of segment, services accounted for a revenue of USD 582.4 million in 2023.
  • Services is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, Thailand is expected to register the highest CAGR from 2024 to 2030.


Global data book summary

Market revenue in 2023USD 1,076.8 million
Market revenue in 2030USD 4,556.9 million
Growth rate22.9% (CAGR from 2023 to 2030)
Largest segmentServices
Fastest growing segmentServices
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationServices, NGS Commercial Software


Other key industry trends

  • In terms of revenue, the North America accounted for 49.2% of the global next-generation sequencing data analysis market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Thailand is the fastest growing regional market and is projected to reach USD 16.9 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Next-generation Sequencing Data Analysis Market Scope

Next-generation sequencing data analysis market segmentation & scope
Services
Platform OS/UI
Protein Seq Alignment
DNA Seq Alignment
RNA Seq Alignment
QC/Pre-processing Tools
Others
NGS Primary Data Analysis
Variant Alignment & Variant Calling
Read Mapping
Targeted sequencing/Gene Panel
RNA seq
Exome
Whole Genome
ChIp Seq
Other
Variant Annotation
In-house Data Analysis
Outsourced Data Analysis
Academic Research
Clinical Research
Hospitals & Clinics
Pharma & Biotech Entities
Other users
Short Read Sequencing
Long Read Sequencing
Very Long Read Sequencing

Next-generation Sequencing Data Analysis Market Companies

Name Profile # Employees HQ Website

Global 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 54.09% in 2023. Horizon Databook has segmented the Global next-generation sequencing data analysis market based on services, ngs commercial software covering the revenue growth of each sub-segment from 2018 to 2030.


Increasing adoption of cloud-based solutions that effectively and robustly manage parallelization and distribution of input data and user codes on many computer nodes are expected to contribute to market growth. Cloud computing provides advantage of performing tasks across different parallel computing nodes and processors coupled with significant reduction in waiting time.


Introduction of cloud-computing environment for processing NGS-generated data has played a significant role in driving the adoption of NGS data analysis solutions. It is observed that cloud computing works efficiently for data analysis with respect to performance and cost effectiveness.


Although large institutes and established market players can afford to procure software licenses and have a well-established infrastructure, smaller firms and research entities find it difficult to implement these solutions due to lack of financial resources and infrastructure support. Hence, companies such as Microsoft, Google, and Amazon offer solutions for computational power, which are required for storage and analysis of this data.

Reasons to subscribe to Global next-generation sequencing data analysis market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Global next-generation sequencing data analysis market databook

  • Our clientele includes a mix of next-generation sequencing data analysis market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 global-level data and insights on the Global next-generation sequencing data analysis market , including forecasts for subscribers. This global databook contains high-level insights into Global next-generation sequencing data analysis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Global next-generation sequencing data analysis market size, by regions, 2018-2030 (US$M)

Top 10 countries: Next-generation sequencing data analysis market size, 2023 (US$M)

Global next-generation sequencing data analysis market share, by product, 2023 & 2030 (%, US$M)

Next-generation Sequencing Data Analysis Market: Opportunity Assessment By Country

Global next-generation sequencing data analysis market, by region, 2023 (US$M)

Global next-generation sequencing data analysis market size, by regions, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more