Blockchain Press Releases
Next-Generation Sequencing Informatics Market Projected to Achieve US$ 3.2 Billion, Registering a CAGR of 19.40%
COVINA, Calif., July 11, 2023 /PRNewswire/ — According to Prophecy Market Insights “Next-Generation Sequencing Informatics Market accounted for US$ 9.23 billion in 2022 and is estimated to be US$ 35.3 billion by 2032 and is anticipated to register a CAGR of 13.5%”
What is the overview of Next-Generation Sequencing Informatics Market?
Next-generation sequencing informatics (NGS) tool has changed the genomic research by allowing scientist to sequence whole genome. These new advanced NGS technology has made the RNA sequencing and genome cost-effective and thus used as a tool for various research applications.
Growing government initiatives in promoting use of NGS in research & development activities has given positive impact on target market growth. Cost reduction with use of NGS informatics in sequencing has further facilitated the demand for market growth. Furthermore, rising demand for precision medicines wide applications of NGS in various diseases is anticipated to increase the demand for Next-Generation Sequencing Informatics Market growth over the forecast period.
What are the Recent News of Next-Generation Sequencing Informatics Market?
- In April 2022, Thermo Fisher Scientific launched new next generation sequencing (NGS) ‘Ion Torrent Genexus Dx Integrated Sequencer’ platform with CE-IVD marked for clinical laboratories to conduct clinical research and to perform diagnostic testing on a single instrument.
- In October 2018, Intrexon Corporation announced its bioinformatics hub in Munich as ‘Intrexon Bioinformatics Germany GmbH’ for improving quality of health and life of planet. The new launched bioinformatics hub is designed for scientists for developing robust model of biological reality to design discovery & applied research experiments platform. The company is also developing software tools including NGS (next generation sequencing), ChipSeq, microarray, and others.
Who are the Top Key players operating in the Next-Generation Sequencing Informatics Market?
- Agilent Technologies Inc.
- Amazon Web Services LLC
- Dnanexus Inc.
- F. Hoffmann-La Roche Ltd
- Intrexon Bioinformatics Germany GmbH (Genomatrix AG)
- Llumina Inc.
- Fabric Genomics Inc. (Omicia Inc.)
- Partek Incorporated
- Qiagen NV
- Sapio Sciences
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Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2022 |
|
Forecast period |
2022 – 2032 |
|
Accounted in 2022 |
US$ 9.23 billion |
|
Estimated to be in 2032 |
US$ 35.3 billion |
|
CAGR |
13.5 % |
|
Market representation |
Revenue in USD Billion & CAGR from 2022 – 2032 |
|
Market Segmentation |
By Products and Services – NGS Informatics Services and Data Analysis and Management Tool. By Application – Drug Discovery, Genetic Screening, Diseases Diagnosis, Precision Medicine, and Other Applications. By End- User – Hospitals and Clinics, Academics and Research Institutes, and Pharmaceuticals Companies. |
|
Regional scope |
North America – U.S., Canada Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America – Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
|
Customization Scope |
Avail of customized purchase options to meet your exact research needs. https://www.prophecymarketinsights.com/market_insight/Insight/request-customization/4029 |
What is Prophecy’s Analyst View on Next-Generation Sequencing Informatics Market?
Improved healthcare infrastructure and increasing awareness regarding the next-generation sequencing has become a leading factor in market growth. Growing investment in NGS by major companies due to rising demand for NGS services has fueled the market growth. Wide variety of applications of NGS in drug discovery, genetic screening, precision medicine and diagnosis of diseases is expected to provide lucrative opportunities in Next-Generation Sequencing Informatics Market growth in coming years.
What are new technologies and trends in Next-Generation Sequencing Informatics Market?
NGS informatics is undergoing significant advancements with the integration of artificial intelligence (AI) and machine learning (ML) algorithms for enhanced data analysis and interpretation. Cloud computing has emerged as a game-changer, offering scalable storage and collaborative capabilities. Additionally, advanced informatics platforms are integrating NGS data with other datasets, facilitating comprehensive analysis and visualization. These developments are driving improved diagnostics and groundbreaking discoveries in genomics research.
How does artificial intelligence (AI) and machine learning (ML) impact Next-Generation Sequencing Informatics?
Artificial intelligence (AI) and machine learning (ML) have a transformative impact on Next-Generation Sequencing (NGS) Informatics. They automate and accelerate data analysis, variant detection, and classification, enabling more accurate disease prediction and diagnosis. AI and ML techniques integrate NGS data with other datasets, enhancing interpretation and identifying potential therapeutic targets. Additionally, they optimize workflow efficiency, reducing manual effort and improving overall accuracy. AI and ML revolutionize NGS Informatics, accelerating genomics research and advancing precision medicine.
What are the potential opportunities for Next-Generation Sequencing Informatics Market?
- Precision Medicine: NGS Informatics enables personalized medicine through the identification of disease-causing genetic variations and targeted therapies.
- Clinical Diagnostics: NGS Informatics improves diagnostic accuracy by rapidly identifying genetic mutations, aiding in the diagnosis of genetic disorders.
- Drug Discovery and Development: NGS Informatics helps identify potential therapeutic targets and optimize drug development processes.
- Research and Genomics Studies: NGS Informatics facilitates large-scale genomic research, enabling a deeper understanding of diseases and biological processes.
- Agriculture and Livestock Improvement: NGS Informatics contributes to crop improvement, breeding programs, and livestock health by enabling genetic analysis and selection.
- Infectious Disease Surveillance: NGS Informatics enhances the identification and tracking of infectious disease outbreaks, aiding in surveillance and response strategies.
- Environmental Monitoring and Conservation: NGS Informatics assists in biodiversity studies, environmental monitoring, and conservation efforts by analyzing DNA and RNA samples from various ecosystems.
- Forensic Genetics: NGS Informatics improves forensic investigations through DNA analysis, helping in the identification and solving of criminal cases.
What are the challenges and opportunities for Next-Generation Sequencing Informatics market?
The Next-Generation Sequencing (NGS) Informatics market faces a combination of challenges and opportunities. Here are some key ones:
Challenges:
- Data Management: Dealing with large volumes of data generated by NGS requires efficient storage, processing, and analysis solutions.
- Data Standardization: Ensuring consistent data formats and standards across different platforms and technologies is a challenge for seamless data integration and interpretation.
- Computational Infrastructure: The demand for high-performance computing resources to handle complex NGS data analysis can be a hurdle for organizations lacking adequate infrastructure.
- Bioinformatics Expertise: The shortage of skilled bioinformaticians and data scientists proficient in NGS analysis can pose challenges in data interpretation and utilization.
Opportunities:
- Personalized Medicine: NGS Informatics enables the identification of genetic variations associated with diseases, facilitating targeted therapies and personalized treatment approaches.
- Clinical Diagnostics: NGS Informatics offers opportunities for improved accuracy and efficiency in diagnosing genetic disorders and identifying disease-causing variants.
- Drug Discovery and Development: NGS Informatics contributes to identifying therapeutic targets, optimizing drug development processes, and facilitating precision medicine approaches.
- Research Advancements: NGS Informatics supports breakthroughs in genomics research, enhancing understanding of complex diseases, drug response, and biological processes.
- Agricultural and Environmental Applications: NGS Informatics has potential applications in crop improvement, livestock breeding, biodiversity studies, and environmental monitoring.
- Collaborations and Partnerships: Opportunities arise through collaborations between NGS technology providers, bioinformatics companies, and research institutions to develop advanced informatics solutions and drive innovation.
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Key Reasons to Purchase the Report:
- Actionable Insights from Genomic Data
- Accelerated Discoveries in Genomics Research
- Seamless Integration of Genomic and Clinical Data
- Scalability and Cost-Efficiency
- Collaboration and Knowledge Sharing
- Regulatory Compliance with Data Standards
Conclusion:
The Next-Generation Sequencing (NGS) Informatics Market offers significant opportunities for genomics research and precision medicine. With advanced data analysis, improved diagnostics, and personalized medicine potential, NGS Informatics drives scientific advancements and enhances patient outcomes. The market provides scalable and cost-effective solutions, promotes collaboration and data sharing, and ensures regulatory compliance. Embracing NGS Informatics empowers stakeholders to accelerate discoveries, optimize workflows, and stay at the forefront of genomics research and healthcare innovation.
Browse Other Related Reports:
Next-Generation Sequencing (NGS) Market accounted for US$ 8.46 billion in 2020 and is estimated to be US$ 52.40 billion by 2030 and is anticipated to register a CAGR of 19.8%.
Sequencing reagents market garnered a revenue of USD 5,061.0 million in 2019 and is estimated to be USD 14,190.4 million by 2027 at a compound annual growth (CAGR) of 13.8% over the forecast period.
Microbiome Sequencing Services Market accounted for US$ 2056.34 million in 2020 and is estimated to be US$ 12331.2 million by 2030 and is anticipated to register a CAGR of 19.80%.
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DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.
From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.
Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).
More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.
“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.
Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.
Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Blockchain Press Releases
Blockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
DUBAI, UAE, Nov. 14, 2024 /PRNewswire/ — The highly anticipated Web3 Oscar, a prestigious event hosted by the Blockchain for Good Alliance (BGA), celebrating blockchain projects driving real-world impact aligned with the UN’s 17 Sustainable Development Goals (SDGs). Industry leaders gathered in Bangkok to honour innovators shaping a sustainable future.
The event was part of BGA’s November lineup, featuring two major initiatives for global change through blockchain: the Sustainable Innovation Summit and the Web3 Oscar Awards.
Sustainable Innovation Summit: A Hackathon for Social Impact
Held from September 9 to November 11, 2024, the Sustainable Innovation Summit hosted a hackathon with a $100,000 prize pool, inviting participants worldwide to create blockchain solutions addressing key issues such as poverty, clean water access, and gender equality. The summit concluded with a Demo Day at the Grand Hyatt Erawan in Bangkok, where finalists showcased their projects to blockchain pioneers, investors, and industry leaders, with opportunities for incubation support and equity-free funding.
Rising Stars
In a cinematic presentation style, 10 shortlisted projects from across the globe, participating in the Sustainable Innovation Summit’s 17 SDGs Challenge, took the stage. Each team presented their blockchain solutions to address sustainability challenges, telling the story of a “hero” confronting a global crisis (one of the 17 SDGs), with blockchain as the “tool” they wield for change.
Winners for the 17 SDGs Challenge:
- 1st Place: Grand Social Impact Award 🥇 EthicHub
- 2nd Place: Outstanding Social Innovation Award 🥈 Plastic Odyssey
- 3rd Place: Emerging Impact Award 🥉 ResearchHub
Rising Star Awards (top 10 projects, in no specific order):
- Wavy Health
- LAKE (LAK3)
- KulaDAO
- erable°
- arkreen
- UCO Network
- Edu3Labs
Web3 Oscar Awards: Honouring Leaders in Blockchain for Social Good
Coinciding with the hackathon’s Demo Day on November 11, the BGA Web3 Oscar Award recognizes individual contributions to blockchain for social good across three categories, with up to 7 total winners.
Each category highlights individual efforts aligning with BGA’s mission.
The Collaboration Bridge Award honours individuals who have played a vital role in guiding the strategic direction of the Blockchain for Good Alliance (BGA). This year’s recipients are:
- Harn, CEO of Trigger Asset Management
- Mariana de la Roche Wills from INATBA (International Association for Trusted Blockchain Applications) and de la Roche W. Consulting
The Public Welfare Contribution Award celebrates individuals who have harnessed #BlockchainForGood. This award was presented to:
- BreeAnne Yek, Consultant at The Verdant Room
- Milica Dimitrijevic from Positiveblockchain.io
These individuals have demonstrated remarkable dedication, guidance, and pioneering work, significantly advancing the mission of the Blockchain for Good Alliance (BGA) in promoting sustainable development through blockchain technology.
In her closing remarks, Helen Liu, Co-founder and COO of Bybit and founder of BGA, explained how blockchain can bring people together to make a real difference worldwide. Her vision for leveraging blockchain to create worldwide impact was both inspiring and forward-thinking.
About Blockchain for Good Alliance (BGA)
The Blockchain for Good Alliance (BGA) is a long term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.
For more information
Email: [email protected]
Website: www.blockchainforgood.xyz
Twitter: www.twitter.com/chainforgood
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