Sequencing Reagents Market Size, Share, Growth Report, Forecast 2032

Sequencing Reagents Market

Sequencing Reagents Market: By Type (Sequencing Kits, Control Kits, Template Kits, Library Kits And Others), By Technology (Third Generation Sequencing, Next Generation Sequencing And Sanger Sequencing), By Application (Agrigenomics & Forensics, Clinical Investigation, Retypeive Health, Oncology And Other Applications), By End User (Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, Academic And Research Institutes And Other End Users), By Region - Global And Regional Industry Overview, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032

Category: Biotechnology Report Format : PDF Pages: 126 Report Code: ZMR-5006 Published Date: Apr-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 7.00 Billion USD 13.71 Billion 7.75% 2023

According to the Zion Market Research report, global demand for sequencing reagents market was valued at approximately USD 7.00 billion in 2023, and is expected to generate revenue of around USD 13.71 billion by end of 2032, growing at a CAGR of around 7.75% between 2024 and 2032.

Global Sequencing Reagents Market SizeRequest Free Sample

The report covers forecast and analysis for the sequencing reagents market on a global and regional level. The study provides historic data from 2016 along with forecast from 2019 to 2025 based on revenue (USD Million).

Sequencing Reagents Market: Overview

The study includes drivers and restraints for the sequencing reagents market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the sequencing reagents market on a global as well as regional level.

In order to give the users of this report a comprehensive view on the sequencing reagents market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate and general attractiveness.

The report provides company market share analysis in order to give a broader overview of the key players in the sequencing reagents market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new type launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the sequencing reagents market on global and regional basis.

The study provides a crucial view on the sequencing reagents by segmenting the market based on type, application, end user and region. All the segments of sequencing reagents market have been analyzed based on present and future trends and the market is estimated from 2018 to 2025.

DNA sequencing is a procedure to determine the order of nucleotides i.e. nucleic acid sequence in a DNA. The process involves identifying sequence of four DNA bases namely thymine, cytosine, guanine and adenine. DNA sequencing is important in various research applications including proteomics, genomics, drug discovery, evolutionary biology, forensics, precision medicine, metagenomics, molecular biology etc. DNA sequencing can also be used in various diagnostic applications as well as therapeutic applications including cancer, infectious diseases, genetic disorders etc.

The demand for sequencing reagents market is driven by increasing research and development activities on genomics research, preparation of sequencing libraries. 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 drive the demand for sequencing research which in turn drives the demand for sequencing reagents. However, end user budget limitations in emerging economies may hinder the market growth.

Sequencing Reagents Market: Report Scope

Report Attributes Report Details
Report Name Sequencing Reagents Market Research Report
Market Size in 2023 USD 7.00 billion
Market Forecast in 2032 USD 13.71 billion
Growth Rate CAGR of 7.75%
Number of Pages 210
Key Companies Covered Agilent Technologies, Inc., Oxford Nanopore Technologies, F. Hoffmann-La Roche AG, Pacific Biosciences of California, Inc., BGI, QIAGEN, Illumina, Inc., Thermo Fisher Scientific, Inc., Fluidigm Corporation, Bioline, Takara Bio Inc., and ArcherDX, Inc
Segments Covered By Type, By Technology, By End User and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024- 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Based on type, global sequencing reagents market is bifurcated into sequencing kits, control kits, template kits, library kits and others. Sequencing kits segment accounted for largest market share in 2018 and is expected to retain its dominance over the forecast period. This large share is attributed to availability of major high throughput platforms including NextSeq, iSeq, MiSeq, MiniSeq, PGM, MinION etc. Library kits segment is expected to register highest growth over the forecast period due to continuous developments enhancing library preparation.

Based on applications market is segmented into agrigenomics & forensics, clinical investigation, reproductive health, oncology and other applications. oncology application segment held dominating market share in 2018 due to growing use of reagents for cancer diagnostics and therapeutic clinical research and development and increasing prevalence of cancer. Clinical investigation application segments will witness highest growth rate over the forecast period.

Based in technology market is segmented into third generation sequencing, next generation sequencing (NGS) and Sanger sequencing. Strong potential of NGS technology for use in in-vitro diagnostics, personalized medicine, companion diagnostics has led to their greater adoption and thus accounted for the largest market share in 2018.

The end user segment of the sequencing reagents market is divided into pharmaceutical & biotechnology companies, hospitals & clinics, academic and research institutes and other end users. Academic and research institutes ware largest end users in 2018. Pharmaceutical & biotechnology company end user segment is projected to witness rapid growth in the coming years.

Sequencing Reagents Market: Competitive Analysis

Major players in sequencing reagents market are

  • Agilent Technologies. Inc.
  • Oxford Nanopore Technologies
  • F. Hoffmann-La Roche AG
  • Pacific Biosciences of California. Inc.
  • BGI
  • QIAGEN
  • Illumina. Inc.
  • Thermo Fisher Scientific. Inc.
  • Fluidigm Corporation
  • Bioline
  • Takara Bio Inc.
  • ArcherDX. Inc.
  • Among others.

Sequencing Reagents Market: Regional Analysis

North America dominated the global sequencing reagents market in 2023. Strong commercial sales, increasing research activities on sequencing, government funds are major factors driving the growth in this region. Europe was second largest regional market in terms of revenue share. Presence of developed R&D infrastructure, increasing public, private and government investments on sequencing research, and increasing chronic disease burden are some of factors that boost market growth in this region.

Global Sequencing Reagents Market SizeRequest Free Sample

Asia Pacific region will be the rapidly growing market for sequencing reagents. Focus of major market players on growth opportunities and business expansion in emerging markets, economic development, healthcare infrastructure improvement, increasing spending on R&D are important factors attributing to the rapid growth in this region. On the other hand Latin America will experience moderate growth in the coming years. Middle East and Africa will register slower growth in the years to come.

The report segment of global sequencing reagents market as follows:

Global Sequencing Reagents Market: By Type

  • Library Kits
  • Template Kits
  • Control Kits
  • Sequencing Kits
  • Others

Global Sequencing Reagents Market: By Technology

  • Sanger Sequencing
  • Next Generation Sequencing
  • Third Generation Sequencing

Global Sequencing Reagents Market: By Application

  • Oncology
  • Retypeive Health
  • Clinical Investigation
  • Agrigenomics & Forensics
  • Other Applications

Global Sequencing Reagents Market: By End User

  • Academic and Research Institutes
  • Hospitals & Clinics
  • Pharmaceutical & Biotechnology Companies
  • Other End Users

Global Sequencing Reagents Market: By Region

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Sequencing reagents are a group of chemicals and compounds used in the process of DNA, RNA, or protein sequencing. DNA sequencing, in particular, is a fundamental technique that involves determining the precise order of nucleotides (adenine, cytosine, guanine, and thymine) in a DNA molecule. RNA sequencing is used to determine the sequence of ribonucleotides in an RNA molecule, while protein sequencing involves determining the sequence of amino acids in a protein chain.

The development of new and improved sequencing technologies, such as next-generation sequencing (NGS) and single-molecule sequencing, drives the demand for specialized sequencing reagents that are compatible with these platforms. As sequencing technologies continue to evolve, the need for innovative reagents to support these platforms increases.

According to the report, global demand for sequencing reagents market was valued at approximately USD 7.00 billion in 2023, and is expected to generate revenue of around USD 13.71 billion by end of 2032

growing at a CAGR of around 7.75% between 2024 and 2032.

North America dominated the global sequencing reagents market in 2023. Strong commercial sales, increasing research activities on sequencing, government funds are major factors driving the growth in this region. Europe was second largest regional market in terms of revenue share. Presence of developed R&D infrastructure, increasing public, private and government investments on sequencing research, and increasing chronic disease burden are some of factors that boost market growth in this region.

Major players in sequencing reagents market are Agilent Technologies, Inc., Oxford Nanopore Technologies, F. Hoffmann-La Roche AG, Pacific Biosciences of California, Inc., BGI, QIAGEN, Illumina, Inc., Thermo Fisher Scientific, Inc., Fluidigm Corporation, Bioline, Takara Bio Inc., and ArcherDX, Inc., among others.

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