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Follow on Google News | Global NGS Informatics and Clinical Genomics MarketGlobal NGS Informatics and Clinical Genomics Market – Partnership & Collaboration is the Strategy of Choice to Enter the Market
By: BIS Reseasrch 
BIS Research-Market Research Company The market is driven by several factors, such as strong demand for early diagnosis and effective treatment of chronic diseases, rapidly increasing number of government funds toward the facilitation of precision medicine, and rise in the volume of genetic data. The reduced costs of genome sequencing have fueled the high volume of genomic data today. However, the addition of multi-omics as well as electronic medical records (EMR) can complex the situation as this multi-dimensional explosion of patient-related data can lead to big data problem in the market. Browse a complete report @ https://bisresearch.com/ Research insights from the report ·As of 2017, the global NGS informatics and clinical genomics market was estimated to be approximately $836.0 million and is expected to reach a value of an estimated $5.88 billion by the end of 2028, growing with a double digit CAGR during the forecast period. · Growth in the revenue is expected to be coming from tertiary data analysis tools aimed at interpreting and reporting biological data/NGS data. ·Several multi-million projects have been launched by the government. These projects are likely to enable the sequencing and identification of the molecular make-up of the diseases. For example, Cancer Moonshot Task Force by the U.S. government was launched in 2016 to complete the 10-year research in only 5 years. ·The lack of technical expertise among the healthcare providers required for the interpretation of the data is a major challenge, which need to be addressed immediately with the help of training and educational programs all over the world to increase the number of skilled professionals. ·Around 68% of the revenue is generated from the government agencies, academic research organizations, biopharma companies, and translational medicine research organizations for the NGS informatics and clinical genomics market. ·Partnership and collaborations is the strategy of choice followed by many companies, which plan to enter the market. This sub-segment holds approximately 54% of the market share across business strategies. According to Swarup Chakrabarty, Analyst at BIS Research, "North America is the leading contributor to the global NGS informatics and clinical genomics market. In 2017, in terms of revenue, the North America NGS informatics and clinical genomics market was estimated at $380.0 million which is anticipated to grow at a CAGR of 18.34% during the forecast period. This double-digit growth can be attributed to the increasing number of government-funded genomic projects to bolster precision medicine, which in turn, enhances the amount of NGS generated data to be analyzed with the help of NGS informatics tools. Also, Asia-Pacific is expected to be the fastest growing region with a CAGR of 23.87% during the forecast period." The report is a comprehensive study of more than 100 players in the ecosystem of market and provides a detailed analysis based on the interactions conducted with more than 20 key people from the industry including opinion leaders, market participants and vendors. The report also highlights 22 key players from the NGS informatics and clinical genomics market. For the purpose of the analysis, data was collected for both primary and secondary research from market players such as Edico Genome (secondary only), Illumina (primary and secondary), Qiagen (primary and secondary), and ThermoFisher (primary and secondary), among others. Additionally, certain companies including Amazon web services, Google cloud, and Microsoft, among others, are offering data storage and computing solutions. Key questions answered in the report: • What are the market challenges, drivers, and opportunities in the global NGS informatics and clinical genomics market? • Which segments and subsegments were leading the global NGS informatics and clinical genomics market in 2017 and what is the growth expected during the forecast period? • Which factors can affect the market share of the leading players? • What are the key developments and strategies that are implemented by the key players to sustain in this market? • Who are the end users of the global NGS informatics and clinical genomics market? • Who are the key players in the market and what are their contributions? • What is the scope of expansion by the key players of the global NGS informatics and clinical genomics market across regions? About BIS Research (https://bisresearch.com) BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market. With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies. Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management. 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