Next Generation Sequencing (NGS) Informatics Market to be Worth $4.3 Billion by 2030 Meticulous Research®-a leading global market research company, published a research report titled, 'Next Generation Sequencing (NGS) Informatics Market by Offering (Data Analysis, Interpretation & Reporting, Storage & Computing, LIMS), Application (Diagnostic, Drug Discovery, Precision Medicine, Biomarker Discovery) End User - Global Forecast to 2030.' According to this latest publication from Meticulous Research®, the next generation sequencing (NGS) informatics market is projected to reach $4.3 billion by 2030, at a CAGR of 15.4% during the forecast period. The growth of the NGS informatics market is driven by increasing R&D investments by pharmaceutical and biotechnology companies, the rising prevalence of cancer and genetic disorders, the growing utilization of NGS in disease diagnostics and precision medicine, technological advancements in NGS informatics solutions, and government initiatives supporting large-scale genomic sequencing projects. However, data confidentiality concerns restrain the growth of this market. Request Free Report Sample Now: https://www.meticulousresearch.com/request-sample-report/cp_id=3483 The increasing adoption of NGS informatics tools among hospitals and clinical laboratories and the growing use of bioinformatics and genomic data management solutions for large-scale data analysis and interpretation are expected to create growth opportunities for the players operating in the NGS informatics market. However, the lack of skilled professionals required to operate NGS Informatics tools is a major challenge for market growth. Next Generation Sequencing (NGS) Informatics Market: Future Outlook The next generation sequencing (NGS) informatics market is segmented based on Offering (Software [Data Analysis Software, Data Interpretation and Reporting Tools, Data Storage and Computing Tools, Laboratory Information Management Systems {LIMS}], Deployment Mode [Web and Cloud-based, On-premise], NGS Informatics Services); Application (Disease Diagnoses, Biomarker Discovery, Drug Discovery, Precision Medicine, Agriculture and Animal Research); End User (Pharmaceutical & Biotechnology Companies, Hospitals and Diagnostic Laboratories, Academic & Research Institutes, Other End Users); and Geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels. To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/ngs-informatics-market-3483 Based on application, the next generation sequencing (NGS) informatics market is segmented into disease diagnoses, biomarker discovery, drug discovery, precision medicine, agriculture, and animal research. In 2023, the drug discovery segment is expected to account for the largest share of the next generation sequencing (NGS) informatics market. The rapidly decreasing cost of sequencing per base, the potential of NGS informatics solutions to reveal a large number of mutations linked to genetic diseases and identify target genes for possible drug discovery, the increasing adoption of sequencing in pharmaceutical and biotechnological companies generating large volumes of data for research purposes, and the increasing R&D expenditure for new drug discovery are factors contributing to the significant market share of this segment. Quick Buy - Next Generation Sequencing (NGS) Informatics Market to be Worth $4.3 Billion by 2030 https://www.meticulousresearch.com/Checkout/14671982 Geographic Review This research report analyzes major geographies and provides a comprehensive analysis of the market in North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and the Middle East & Africa. Key Players The key players operating in the next generation sequencing (NGS) informatics market are Illumina, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Qiagen N.V. (Netherlands), Agilent Technologies, Inc. (U.S.), Sapio Sciences, LLC (U.S.), DNASTAR, Inc. (U.S.), Fabric Genomics, Inc. (U.S.), Partek Incorporated (U.S.), and DNAnexus, Inc. (U.S.). Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=3483 Meticulous Market Research Inc. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Europe : +44-203-868-8738 APAC: +91 744-7780008 Email- [email protected] Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Content Source: https://www.meticulousresearch.com/pressrelease/187/ngs-informatics-market-2030