Sequencing Reagents Market: Global Industry Analysis and Forecast (2023-2029)

Sequencing Reagents Market was valued at US$ 7.09 Bn in 2022. Global Sequencing Reagents Market size is expected to grow at a CAGR of 14.17% through the forecast period.
Global Sequencing Reagents Market Overview:
Sequencing reagents are defined as specific substances which are used in a variety of sequencing-related research projects. These reagents operate on the same concept as traditional reagents which are required for initiating a chemical reaction. These compounds are made up of a variety of components that work together to produce the desired reaction in a research study. A sequencing reagent includes a DNA polymerase enzyme. A primer, which is a short piece of single-stranded DNA that muddles to the template DNA and is responsible to act as a "starter" for the polymerase. The four DNA nucleotides (dATP, dTTP, dCTP, dGTP). The sequencing reagent template defines and annotates the assay platforms used for sequencing. During sequencing procedures, sequencing reagents are used.To know about the Research Methodology :- Request Free Sample Report

The report explores the Global Sequencing Reagents Market segments (Technology, Application, End Users and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Global Sequencing Reagents Market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Global Sequencing Reagents Market contemporary competitive scenario.
Global Sequencing Reagents Market Dynamics:
Drivers:

The sequencing reagent market is estimated to gain a larger market share in the forecast period. The factors attributing to the growth of the market are rising demand for third-generation sequencing, low-cost benefits for genetic sequencing, and rising investment in research and development in genomics. Further, additions of modern technologies to boost the accuracy, high yield data for large-scale manufacturing of genomes are likely to motivate market growth during the forecast period.

The development of novel technologies like Nanopore, single-molecule real-time sequencing for well-organized and cost-effective preparation of sequencing library for the researcher to sequence entire genomes with a limited period, and cost benefits are the major factors which leads to the growth of the Global Sequencing Reagents Market. Further, innovation of kits and reagents for the sequencing application is likely to motivate market growth. The growth of the market depends on the initiatives by a government organization to carry out healthcare programs to generate awareness among individuals about new technologies associated with human disease.

Restrains:

Lack of professionals with adequate knowledge is the restraining factor which lead to the rise in Global Sequencing Reagents Market. The number of trained professionals has decreased, making it difficult to find a solution to minimize errors occurring during the sequencing, thereby hampers the market growth. Social and ethical issues related to the data privacy restrain the growth of the market. These all factors which reduce the growth of the market. The lack of professionals with adequate genomics sequencing knowledge in developing countries hinders the growth of the Global Sequencing Reagents Market.

Opportunities:

The increasing research and development activities on genomics research, preparation of sequencing libraries drive the demand for Sequencing Reagents Market. Additionally, decrease in genetic sequencing cost, government initiatives to support sequencing research, growth in collaborations and partnerships for research on genomic sequencing, high unmet medical needs rise in the demand for sequencing research which provides opportunities for the growth of the Global Sequencing Reagents Market. However, end user budget limitations in emerging economies may hinder the market growth.
Global Sequencing Reagents Market Segment Analysis:
Based on Technology,

The segment next generation sequencing is dominating the market with the highest market share of xx% in year 2022, due to the factors such as increasing repetition on various testing like molecular diagnosis, molecular pathology, and clinical researches. Due to its lower cost benefits and high throughput value, the next generation sequencing is widely used. Further, the NGS technology offers deep sequencing approaches to allow better research and discovery platforms to determine unique and rare variants.

It offers a better treatment option for chronic disease as NGS technology has strong potential for the development of personalized medicines and companion diagnostics. This factor is responsible to create more opportunities and drive the market in the development of complex medicines, efficiency, target drug delivery, and increase adoption of NGS technology in in-vitro diagnostics. The factors likely in-vitro diagnostics, personalized medicine, companion diagnostics are responsible for the growth of the Global Sequencing Reagents Market.

Based on End User, The academic research is expected to grow with the highest CAGR of xx% during the forecast period. The key factors attributing to the growth of the market are the presence of private and public research institutes offering a wide range of courses in molecular biology, with various applications and technology like NGS technology. Scholarship programs offered by the centres for Ph.D. projects in NGS technology are likely to motivate the growth of the market.



Further, the Clinical researches segment is estimated to grow at a significant level in the sequencing reagent market due to the high penetration of technologies based on diagnostic methods, together with process approvals are anticipated to motivate the market growth. Further, the NGS reagent application in clinical research due to the capability of identifying small possible mutants is anticipated to increase the adoption. The conventional Sanger method and its associated reagents are still a common choice for clinical applications and research. The rising penetration of high throughput technology-based diagnostic tests that are CLIA waived or are under the process of clinical approval resulted into the growth of the clinical segment in Global Sequencing Reagents Market.

Based on Application, The oncology segment is growing with the highest market share of xx% in year 2022. The factors such as the rising frequency of Cancer patients hence this factor has made the researcher invest a huge amount in manufacturing novel medicines, clinical researches, to offer better treatment for patients suffering from cancer leads to the growth of Global Sequencing Reagents Market in oncology segment. Further, due to rapid development of sequencing capabilities has made the oncologist to identify and access the genetic information and mutants associated with cancer and related genes.

Further, biomarker discovery for cancer diagnostics and tumor stratification is affected by analysis of tumor transcriptomics, genomics, and epigenomics by NGS technologies. The improvements in sequencing capabilities are likely to assist the development of accurate new oncology clinical trials for the detection of genetic liabilities in patients. However, identification of pathogens by high-throughput technologies and bioinformatics is likely to offer depth studies into virulence, antimicrobial resistance, and disease transmission. These all factors lead to the growth of the Global Sequencing Reagents Market.


Regional Insights:
The North America region is expected to witness significant growth at a CAGR of xx% through the forecast period because of the due to the presence of the major market player like Maravai Lifesciences (US), Associates of Cape Cod, Inc. (the US), Nelson Laboratories, LLC (US), Bio-Rad Laboratories, Inc. (the US). In addition, the market players are greatly focusing on the manufacturing and development of new biologics, vaccines, and drugs. The increasing advancement in cancer research and rapids investment in research and development leads to drive the market growth. The collaboration in private research organizations and the market players together with innovative projects in the development of disposable biopharmaceutical probes like kits and reagents are probable to lift the market growth. Moreover, innovative technologies and instruments in the region to reduce the operational activity are boosting up the growth of the Global Sequencing Reagents Market.

Asia Pacific is expected to dominate the growth of the market. Significant investments and funding in genetics research in China and Japan have resulted in the technological integration of high throughput technologies. This has leads to the adoption of sequencing technologies in the Asia Pacific.

The objective of the report is to present a comprehensive analysis of the Global Sequencing Reagents Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Sequencing Reagents Market dynamic, structure by analyzing the market segments and projecting the Global Sequencing Reagents Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Sequencing Reagents Market make the report investor’s guide.
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Global Sequencing Reagents Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 7.09 Bn.


Forecast Period 2023 to 2029 CAGR:
14.17%
Market Size in 2029:
US$ 17.95 Bn.


 Segments Covered:
by Technology
Sanger Sequencing
Next Generation Sequencing
Third Generation Sequencing


by Application
Oncology
Reproductive Health
Clinical Investigation
Agri genomics & Forensics
Other


by End Users
Academic Research
Clinical Research
Hospitals & Clinics
Pharmaceutical & Biotechnology Companies
Others



Global Sequencing Reagents Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Global Sequencing Reagents Market Key Players
1.Thermo Fisher Scientific
2.Illumina, Inc.
3.QIAGEN
4.BGI
5.Pacific Biosciences of California, Inc.
6.F. Hoffmann-La Roche AG
7.Oxford Nanopore Technologies
8.Agilent Technologies, Inc.
9.Fluidigm Corporation
10.ArcherDX, Inc.
11.Takara Bio Inc.
12.Bioline.
13.Merck KGaA
14.LGC Limited
15.Avantor, Inc.
16.New England Biolabs
17.TriLink BioTechnologies
18.Life Technologies
19.BioChain Institute Inc.
20.FroggaBio Inc.
21.BioLegend, Inc.
22.Tecan Trading AG

Frequently Asked Questions:

1] What segments are covered in the Global Sequencing Reagents Market report?
Ans. The segments covered in the Global market report are based on Technology, Application and End Users.

2] Which region is expected to hold the highest share in the Global Sequencing Reagents Market?
Ans. North America region is expected to hold the highest share in the Global Sequencing Reagents Market.

3] What is the market size of the Global Sequencing Reagents Market by 2029?
Ans. The market size of the Global Sequencing Reagents Market by 2029 is expected to reach US$ 17.95 Bn.

4] What is the forecast period for the Global Sequencing Reagents Market?
Ans. The forecast period for the Global Sequencing Reagents Market is 2023-2029.

5] What was the market size of the Global Sequencing Reagents Market in 2022?
Ans. The market size of the Global Sequencing Reagents Market in 2022 was valued at US$ 7.09 Bn.