Next generation sequencing (ngs) data analysis market by 2024

Next Generation Sequencing (NGS) Data Analysis Market Analysis And Segment Forecasts To 2024

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Next Generation Sequencing (NGS) Data Analysis Market Analysis And Segment Forecasts To 2024 Global NGS data analysis market is anticipated to reach USD 2.03 billion by 2024, according to a new report by Grand View Research, Inc. Growth in next generation sequencing and data analysis market is driven by rise in adoption of laboratory management system (LIMS) in order to safeguard theobtained raw structure using downstream analyses.

Browse the report: http://www.orbisresearch.com/reports/index/next-generation-sequencing-ngs-data-analysis-mark et-analysis-by-product-workflow-end-use-and-segment-forecasts-to-2024 # Demand for the data solutions that ensure provision of complete traceability of the workflow implemented during interpretation are expected to boost R&D in this market thereby leading to growth through to 2024. Additionally, ongoing research endeavors for monitoring and standardization of data flowwith respect to input and output directories, even with multiple evaluation protocols being used on the same data, are anticipated to fuel progress in the coming years.

In order to reduce the turnaround time for analysis, software modularity is being implemented using parallel computation pertaining to cloud computing and multicore processors, which in turn is attributive to fuel revenue generation.

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Next Generation Sequencing (NGS) Data Analysis Market Analysis And Segment Forecasts To 2024 North America held the largest share in 2015, accounting for about46% of total revenue.Presenceof key participants operating in biotechnology as well as information technology sector in this region aresupportive for the estimated revenue share of the region.

Asia Pacific is estimated to witnessthe fastest growth over the forecast period owing to the rising usage of novel platforms and solutions in the developing economies of this region. Moreover, provision of these services by the prominent players in economies of this region has poised this region to exhibit potentially high value avenues and opportunities for growth over the forecast period.

Request a sample of the report: http://www.orbisresearch.com/contacts/request-sample/112791 Key players operating in this industry includeIllumina Inc., Congenica, Ingenuity, Omicia, Inc. Station X, Inc., WuXiNextCODE, DNAnexus, SevenBridges Genomics, Bluebee, Genalice, and Edico Genome.

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