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Next Generation Sequencing Bioinformatics Heats up: Nearing $1000 Genome Sparks Soaring Data Output
Date:11/12/2013

MOUNTAIN VIEW, Calif., Nov. 12, 2013 /PRNewswire/ -- The decreasing cost of genome sequencing lends momentum to the global next-generation sequencing (NGS) informatics market. As affordability drives adoption of genome sequencing in multiple end-user segments, an enormous output of NGS data to store and analyze is an overwhelming result. While primary and secondary data analysis tools are likely to become a commodity as pipelines standardize, the high-value tertiary data analysis segment used for biological interpretation and clinical reporting will drive revenue growth.

New analysis from Frost & Sullivan's (http://www.lifesciences.frost.com) Global Next Generation Sequencing Informatics Market finds the market earned revenue of $170 million in 2012 and estimates this to reach $580 million in 2018 at an impressive compound annual growth rate (CAGR) of 22.7 percent. The research covers commercial primary and secondary data analysis tools, storage, computing, commercial biological interpretation and reporting tools, NGS informatics services, and laboratory information management systems across North America, Europe, Asia, and rest of world.

For more information on this research, please email Jennifer Carson, Corporate Communications, at jennifer.carson@frost.com, with your full name, company name, job title, telephone number, company e-mail address, company website, city, state and country.

"With sequencing data production forecast to grow at a CAGR of more than 75 percent between 2012 and 2018, researchers will need efficient NGS informatics solutions to manage, analyze and interpret this escalating amount of data," said Frost & Sullivan Life Sciences Senior Industry Analyst

SOURCE Frost & Sullivan
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