The global NGS informatics market was valued at $1,380.0 million in 2021 and is projected to reach $6,715.0 million by the end of 2032. The market is expected to grow at a CAGR of 15.21% during the forecast period 2022-2032.

The market is driven by factors such as the low cost of sequencing platforms, increasing clinical applications of NGS in the field of oncology for the clinical management of cancer patients and mutation profiling, a tremendous rise in the amount of genomic data, the growing importance of population genomics studies and the establishment of various biobanks, advancements in big data technology, and government initiatives to support the advancement of NGS are expected to lead to higher demand for NGS informatics software.

Market Lifecycle Stage

The global NGS informatics market is in the development phase. The evolving regulatory landscape for clinical NGS and the growing number of gene mutations across various diseases are some of the major opportunities in the global NGS informatics market.

Impact of COVID-19

NGS can be used to sequence genomes of unknown organisms, owing to which it was extensively performed in research laboratories during the COVID-19 pandemic. Research using NGS sequencing has been carried out in several countries globally, including countries in emerging regions such as Latin America and Middle East and Africa.

Initiatives such as the “SARS-CoV-2 Sequencing for Public Health Emergency Response, Epidemiology, and Surveillance (SPHERES)” program by the Centers for Disease Control and Prevention (CDC) were also undertaken to promote the sequencing of the SARS-CoV-2 virus using NGS techniques. Furthermore, the emergence of the COVID-19 pandemic broadened the applications of NGS.

As a result, companies also developed NGS solutions for the genomic surveillance of the SARS-CoV-2 virus. Before the COVID-19 pandemic, NGS technology was particularly employed for the clinical diagnosis of cancers and other chronic diseases. The onset of the COVID-19 pandemic accelerated research in the use of NGS for sequencing the unknown variants of the SARS-CoV-2 virus.

Market Segmentation:

Segmentation 1: by Products and Services

• Commercial Data Analysis, Data Interpretation, and Reporting Tools
• Storage and Computing Tools
• Laboratory Information Management Systems (LIMS)
• NGS Informatics Services

The global NGS informatics market (by products and services) is expected to be dominated by the commercial data analysis tools, interpretation, and reporting tools segment.

Segmentation 2: by Application

• Drug Discovery
• Genetic Screening
• Disease Diagnosis
• Others

The global NGS informatics market (by application) is expected to be dominated by the genetic screening segment.

Segmentation 3: by End User

• Hospitals and Clinics
• Pharmaceutical and Biotechnology Companies
• Academic and Research Institutions

The global NGS informatics market (by end user) is dominated by the pharmaceutical and biotechnology companies segment.

Segmentation 4: by Region

• North America – U.S. and Canada
• Europe – Germany, France, U.K., Italy, Spain, and Rest-of-Europe
• Asia-Pacific – Japan, China, India, Australia, South Korea, and Rest-of-Asia-Pacific
• Latin America – Brazil, Mexico, and Rest-of-Latin America
• Rest-of-the-World

The global NGS informatics market (by region) is dominated by the North America region.

Recent Developments in the Global NGS Informatics Market

• In August 2022, Thermo Fisher Scientific Inc. launched CE-IVD (IVDD) NGS test and analysis software to expand access to precision oncology bio-market testing.
• In June 2022, Thermo Fisher Scientific received CE-IVD Mark for NGS Aneuploidy Diagnostic Software Workflow.
• In April 2021, Agilent acquired Resolution Bioscience to expand its role in the NGS market for precision oncology.
• In June 2020, Illumina acquired BlueBee to accelerate the processing, analysis, and sharing of NGS data at scale. The integration of BlueBee’s capabilities into Illumina’s cloud portfolio would give users the flexibility to run their own custom analyses or access industry-leading options such as the DRAGEN Bio-IT Platform, streamlining data processing and increasing their operational efficiency.
• In July 2021, Francisco Partners signed a definitive agreement to acquire the STARLIMS informatics product suite and related businesses.
• In April 2021, Illumina Inc. and Kartos Therapeutics entered into a partnership to co-develop an NGS-Based TP53 companion diagnostic based on Illumina’s genomic profiling assay.

Demand – Drivers and Limitations

The following are the drivers for the global NGS informatics market:

• The low cost of sequencing platforms is increasing public access to NGS testing, thereby improving the adoption of NGS informatics solutions.
• Increasing clinical applications of NGS in the field of oncology for the clinical management of cancer patients and mutation profiling to identify subsequent treatment options is fueling the demand for NGS.
• A tremendous rise in the amount of genomic data is driving the adoption of NGS informatics solutions for easy analysis of data as well as for its storage and computation.
• The growing importance of population genomics studies and the establishment of various biobanks lead to extensive research throughout the world and help in advancing research and development in the genomics field.
• Advancements in big data technology will enable better storage and management of NGS data, thereby leading to more demand for NGS and higher adoption of NGS software.
• Government initiatives to support the advancement of NGS are expected to lead to higher demand for NGS informatics software.

The market is expected to face some limitations as well due to the following challenges:

• Privacy and ethical challenges are expected to lead to concerns surrounding data privacy among people, thereby hindering their participation in NGS studies.
• The lack of trained clinical personnel for conducting NGS experiments and performing data analysis is expected to hinder the adoption of NGS software.
• Poor reimbursement rates for NGS across the globe are expected to lead to a lack of interest in NGS, thereby hindering the adoption of NGS software and services.

How can this report add value to an organization?

Products and Services: The products and services segment helps the reader understand the different types of NGS informatics products and services available in the market. Moreover, the study provides the reader with a detailed understanding of products that fall under the main segments, such as commercial data analysis, data interpretation and reporting tools, storage and computing tools, laboratory information management systems (LIMS), and NGS informatics services.

Growth/Marketing Strategy: The global NGS informatics market has witnessed major development by key players operating in the market, such as product launches, business expansions, partnerships, collaborations, mergers and acquisitions, funding activities, and regulatory and legal approvals. The favored strategy for the companies has been business expansions, partnerships, and collaborations to strengthen their position in the market. For instance, in July 2021, Francisco Partners signed a definitive agreement to acquire the STARLIMS informatics product suite and related businesses.

Competitive Strategy: The key players in the global NGS informatics market analyzed and profiled in the study involve established and emerging players that offer different products for NGS informatics. Moreover, a detailed competitive benchmarking of the players operating in the global NGS informatics market has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Moreover, comprehensive competitive strategies such as partnerships, agreements, collaborations, mergers, and acquisitions will help the reader understand the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

Some prominent established names in this market are:

• Abbott Laboratories
• Agilent Technologies, Inc.
• Azenta, Inc.
• BGI Genomics Co., Ltd.
• DNAnexus, Inc.
• Eagle Genomics
• Euformatics
• F. Hoffmann-La Roche Ltd.
• Genalice BV
• Illumina, Inc.
• Partek Incorporated
• PerkinElmer, Inc.
• Precigen, Inc.
• QIAGEN N.V.
• SOPHiA GENETICS SA
• Thermo Fisher Scientific Inc.

Companies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).

The post NGS Informatics Market – A Global and Regional Analysis: Focus on Products and Services, Application, End User, and Region – Analysis and Forecast, 2022-2032 first appeared on CRI Report.

The global high-performance textile market is projected to reach $26,081.1 million by 2031 from $9,604.4 million in 2021, growing at a CAGR of 9.3% during the forecast period 2022-2031. The growth in the global high-performance textile market is expected to be driven by increasing demand for advanced textiles offering excellent combinations of quality, functionality, and physical properties for innovative and diversified high-tech applications to cater to various end users and consumers. However, the high cost of production and scarcity of skilled labor are some key restraining factors for the market.

Market Lifecycle Stage

The global high-performance textile market is in a growing phase. New trends, such as the 3D technology in high-performance textile, increasing demand for premium cars and adoption of safety features in the automotive industry, new product developments in protective clothing, and increasing awareness about sustainability are further expected to provide opportunities for the market to grow in the coming years.

Industrial Impact

With an increased worldwide focus on high functionality, quality, durability, and advanced specialty materials, the shift toward high-performance textiles in end-use industries is increasing, thereby creating demand for high-performance textiles. The shift is more prominent in the aerospace and defense industry in regions such as North America and Europe.

Impact of COVID-19

The COVID-19 pandemic had a huge impact on the global high-performance textile market. It altered the market in both positive as well as negative ways. During the COVID-19 pandemic, sectors that help meet necessities, such as textiles used in medical applications, showed positive growth, while demand from end-use industries, including automotive and aerospace and defense, was impacted negatively due to economic slowdown.

Market Segmentation

Segmentation 1: by End-Use Application

• Aerospace and Defense
• Automotive and Transportation
• Sports
• Energy
• Chemical
• Others

Among different high-performance textile end-use applications, aerospace and defense is expected to be the largest application during the forecast period 2022-2031.

Segmentation 2: by Fiber Type

• Aramid Fiber
• Carbon Fiber
• Glass Fiber
• High Strength Polyethylene Fiber
• Aromatic Polyester Fiber
• Others

Based on fiber type, aramid fiber accounted for 33.4% of the global high-performance textile market in 2021, as it is one of the most demanding fiber types.

Segmentation 3: by Technology

• Woven
• Non-woven
• Knitting
• 3D

Based on technology, the knitting industry accounted for a 48.7% share of the global high-performance textile market in 2021.

Segmentation 4: by Region

• North America – U.S., Canada, and Mexico
• Europe – Germany, France, U.K., Italy, and Rest-of-Europe
• China
• Asia-Pacific and Japan – Japan, India, South Korea, and Rest-of-Asia Pacific and Japan
• Rest-of-the-World – Middle East and Africa, and South America

North America occupied the largest market share in 2021, while China is expected to lead the market by 2031.

Recent Developments in High-Performance Textile Market

• In April 2022, DuPont announced that its renowned and recognized brands Kevlar, Nomex, and Tyvek would be developed in its plants using renewable power. This demonstrates the company’s dedication to meeting its sustainability targets and embracing environmental stewardship as a core component of its 2030 sustainability initiatives.
• In March 2022, Freudenberg Performance Materials launched the latest technical textile solutions under the brand name ‘Evolon RE.’ Evolon RE is a sustainable version of its high-performance microfilament textiles and suitable for various applications, including technical packaging and high-tech wiping.
• In February 2022, Fabiosys Innovations developed an affordable and highly effective antiviral fabric using a technology called Hi-PAT. This fabric enables its antiviral function right after forming contact with the pathogens and destroys around 99.9% of them within half an hour. It is highly effective against bacteria, fungi, and viruses. The company manufactures and markets this fabric under the brand name ‘Fabium.
• In February 2021, Mitsui Chemicals announced plans to expand its production facilities for meltblown nonwovens at Sunrex Industry Co., Ltd., a wholly owned subsidiary of Mitsui Chemicals Group. Mitsui Chemicals focuses on a variety of industrial applications, along with sanitary materials and disposable diaper applications. Mitsui Chemicals Group’s overall production capacity for meltblown nonwovens is expected to increase by 30% after this expansion.

Demand – Drivers and Limitations

Following are the demand drivers for the global high-performance textile market:

• Advancement of High-Performance Textile in the Sports Industry
• Technological Advancement in the Manufacturing of High-Performance Textile
• Growing Demand for High-Performance Textile in Aerospace and Defense

Following are the challenges for the global high-performance textile market:

• Less Availability of Efficient Labor or Professionals in the High- Performance Textile Market
• High Cost of Production

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of fibers available for high-performance textile and their potential globally. Moreover, the study provides the reader with a detailed understanding of the different high-performance textile end-use applications in industries such as aerospace and defense, automotive and transportation, energy, sports, chemical, and others.

Growth/Marketing Strategy: Business expansion, partnership, collaboration, and joint venture are some key strategies adopted by key players operating in the space. For instance, in April 2022, Avient Corporation announced that the company had an agreement with Royal DSM to acquire DSM Protective Materials, including the Dyneema business. Avient has spent $1.485 billion for the acquisition to further expand its growing advanced composites portfolio.

Competitive Strategy: Key players in the global high-performance textile market analyzed and profiled in the study involve high-performance textile providers. Moreover, a detailed competitive benchmarking of the players operating in the global high-performance textile market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

Some prominent names in this market are:

• Arville
• Asahi Kasei Corporation
• Avient Corporation
• Baltex
• DuPont
• Freudenberg Performance Materials
• Hexcel Corporation
• High Performance Textiles Pvt. Ltd.
• Huvis Corp.
• Kermel
• Kolon Industries, Inc.
• Mitsui Chemicals, Inc.
• Performance Textiles
• Porcher Industries
• Toray Industries, Inc.
• Cass Materials
• Crosslink Composites, Inc.
• Fabiosys Innovations
• High Performance Textiles GmbH
• Spintex Engineering Ltd.

The post High-Performance Textile Market – A Global and Regional Analysis: Focus on End-Use Application, Fiber Type, Technology, and Region – Analysis and Forecast, 2022-2031 first appeared on CRI Report.