Next-generation Sequencing Data Analysis Market Growth & Trends

The global next-generation sequencing data analysis market size is expected to reach USD 1.72 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 15.02% from 2021 to 2028. Key drivers contributing to the market expansion include the growing adoption of sequencing platforms for clinical diagnosis because of a significant reduction in the cost of installation.

Furthermore, the easy availability of genomic and proteomic data is expected to create lucrative growth opportunities for this market during the forecast period. In addition, a decrease in the cost of sequencing is expected to increase the adoption rate of NGS, which, in turn, is likely to boost the market growth. The availability of tools such as Agilent’s HaloPlex capture system and Targeted Methyl-Seq platform from EpiGentek Group Inc. has helped in the determination of DNA methylation profiles in individual genomes.

The COVID-19 pandemic has accelerated the usage of NGS and created a massive requirement for NGS data analysis solutions. The NGS tools were able to generate a considerable amount of data for researchers to study and analyze the pathogenesis. The professionals from academia, industry and government have used sequencing and data analysis technology to assist in understanding the characteristics, processes, and phylogenetics ofSARS‐CoV‐2.

In the NGS commercial software product segment, the analytical software segment is expected to register the fastest CAGR over the forecast period owing to the high demand and an increase in awareness regarding sequencing technologies. A large amount of data generated through NGS needs management solutions and platforms, which results in high demand for such tools and algorithms.

Major market participants such as QIAGEN, Thermo Fisher Scientific, Roche, and Illumina have undertaken strategic initiatives to strengthen their position in the market. For instance, in January 2021, Transnetyx, Inc. collaborated with One Codex to provide end-to-end analysis and microbiome sequencing services. This is expected to offer affordable sequencing analysis services to researchers.

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Next-generation Sequencing Data Analysis Market Report Highlights

• In terms of product, services dominated the market in 2020. Although NGS is advantageous in terms of affordability and speed, many research entities are unable to adopt it owing to a lack of sufficient computational infrastructure and skilled professionals to analyze the generated information. Therefore, institutions that lack provision for data interpretation, analysis, and management adopt platforms and services offered by other players in the market
• Based on workflow, the tertiary analysis segment held the largest revenue share in 2020 as it accounts for the most complex and important step of NGS, which is directly linked with the interpretation of results. The commercial availability of tools and software, including CIViC, SIFT, and PolyPhen, for annotation and variant interpretation also contributes to the segment growth
• The in-house mode segment dominated the market in 2020 and is expected to maintain its lead during the forecast period. The outsourced mode segment is expected to exhibit the fastest CAGR over the forecast period owing to the time and cost benefits associated with this mode and the presence of key players offering data analysis services. SciBerge.Kfm, a Germany based research company, offers outsourced services for computational analysis of NGS information
• By read length, the short-read sequencing segment led the market in 2020 owing to the wide adoption of short-read sequencing techniques, their inexpensiveness, the availability of a number of tools and algorithms, and the ability to work with fragment DNA. HISAT2, Minimap2, BWA, STAR, Bowtie2, and TopHat alignment tools are commonly used to analyze short-read sequencing data
• The academic research end-use segment held the largest revenue share in 2020. A decrease in the cost of NGS technology has increased the usage of NGS software and data analysis platforms by various academic institutions and research centers for their projects that require data interpretation
• Europe dominated the global market in 2020 owing to the high adoption of next-generation sequencing for analysis ofCOVID-19 samples in research as well as clinical settings, along with the rise in demand for personalized medicine

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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