The global NGS informatics and clinical genomics market was estimated to be $836.0 million in 2017 and is expected to grow over $5.88 billion by 2028. The global NGS informatics and clinical genomics market is expected to grow at a double-digit CAGR of +19.8% from 2018 to 2025
Whole genome sequencing (WGS) and targeted gene panels hold the potential to be the standard of care for cancer patients. This possibility is further enhanced by the dramatic cost of next-generation sequencing tests. The first human genome cost was about $ 2.7 billion to be sequenced in the most popular collaborative research program called the Human Genome Project. And over the last decade, the cost of 1MB (megabase / 100 million base DNA) sequencing of DNA has decreased significantly, as follows Moore's Law (a comparative matrix that determines the success of the technology)..
Top Key Player Including in this Report are; storage and computing solutions (such as Google Cloud, Amazon Web Services and Microsoft, among others), LIMS solutions (such as Thermo Scientific Clinical LIMS, Core LIMS, and STARLIMS, among others)
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Geographical Coverage: USA, Europe, Japan, China, India, Southeast Asia, South America, South Africa, Others.
The global NGS Informatics and Clinical Genomics market is highly competitive and expected to grow more vigorously during the forecast period. Leading NGS Informatics and Clinical Genomics manufacturers and companies are causing to intensify the competitive intensity of the market by adopting the latest technologies, research activities, innovations, and product developments. Their pursuits are also leading them to deliver better fit products in the market and extend their existing customer base. They also employ strategic mergers, ventures, amalgamations, and partnerships, as well as product launches and brand promotions, in an effort to expand their serving area across the globe.
The influence of the latest government policies is mentioned to focus on standard procedures, to comprehend the growth of the market. It studies the forecast period of the market for Five year, which helps to increase the clients at domestic as well as global level. The research report is classified into different segments, on the basis of attributes, such as consumption, growth rate and market shares.
The development of each of these countries and regions has been scrutinized on the grounds of local consumption, export, import and price. Apart from this, the report has provided a basic outline of all these geographies. The researchers have also conversed on the progress trend of the global NGS Informatics and Clinical Genomics market while considering the volume, product, application trends and so forth in different geographical markets.
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Key questions answered in the report include:
- What will the market size and the growth rate be in 2026?
- What are the key factors driving the global NGS Informatics and Clinical Genomics market?
- What are the key market trends impacting the growth of the global NGS Informatics and Clinical Genomics market?
- What are the challenges to market growth?
- Who are the key vendors in the global NGS Informatics and Clinical Genomics market?
- What are the market opportunities and threats faced by the vendors in the global NGS Informatics and Clinical Genomics market?
- Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
- What are the key outcomes of the five forces analysis of the global NGS Informatics and Clinical Genomics market?
For any new business establishment or new startup different approaches are listed to enlarge the businesses rapidly. Mutually, this research report throws light on various stakeholders, clients, and vendors in the businesses. A major chunk of this research report talks about the technological advancements and platforms that are and will influence the progress of global NGS Informatics and Clinical Genomics market.
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— For a detailed analysis of global trading including different factors like import, export, and local consumption.
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The report also looks at the influential factors that are affecting the development of the global NGS Informatics and Clinical Genomics market. This statistical report also provides various internal and external driving as well as restraining factors for this research report.
Finally, it focuses on recent developments, and upcoming innovations to bridge the gap of NGS Informatics and Clinical Genomics market.
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