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Clinical Oncology Next-generation Sequencing Market to Witness Robust Expansion by 2027 | GATC Biotech Ag, Oxford Nanopore Technologies Ltd , DNASTAR Inc , Myriad Genetics, Exosome Diagnostics
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Precision Medicine Market Revenue Worth $738 8 Billion by 2030: P&S Intelligence
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expected to reach USD 1.72 billion by 2028 registering a
CAGR of 15.02%, according to a new report by Grand View Research, Inc. Key drivers contributing to market expansion include the growing adoption of sequencing platforms for clinical diagnosis because of a significant reduction in the cost of installation. The easy availability of genomic and proteomic data is also expected to create lucrative growth opportunities in this market during the forecast period.
Key suggestions from the report:
Services dominated the products segment in 2020 and will retain the leading position growing at the fastest CAGR during the forecast period
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
Next-Generation Sequencing Data Analysis Market Size Worth $1 72 Billion By 2028: Grand View Research, Inc
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Healthcare experts at BIS have found genomic data analysis and interpretation industry to be one of the most rapidly evolving and dynamic markets and the global market for Genomic data analysis and interpretation is predicted to grow at a CAGR of 10.21% over the forecast period of 2020-2030.
The market is driven by certain factors, which include decreasing cost of sequencing, global increase in cancer prevalence, and increasing number of population genomics initiative, among others, are fueling the growth of the global genomic data analysis and interpretation market.
The market is favored by the developments in the field of genomics and bioinformatics. Currently, the genomic data analysis and interpretation industry is witnessing an upsurge due to the growing number of genomic research initiatives being undertaken by the developing and developed countries coupled with the decreasing cost of sequencing, res