DUBLIN–(BUSINESS WIRE)–The “Sequencing Reagents Market: Growth, Trends & Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
The Global Sequencing Reagents Market is expected to register a CAGR of 7.5% during the forecast period.
This is attributed to increasing demand for third-generation sequencing, decreasing costs for genetic sequencing, and increasing R&D expenditure on genomic research. In addition, developments in sequencing technologies to provide high yield data for large scale genomic research and availability of new commercial reagents kits for specific sequencing technologies will also promote the growth of the sequencing reagents market.
Nanopore and single-molecule real-time sequencing are some of the novel technologies, with its cost-effective and efficient preparation of sequencing the DNA results in adoption by researchers to sequence the genome in a short time and less cost. Moreover, the cost of genetic sequencing has been falling from USD 10-15 million per genome in 2001 to USD 1,200 per genome in 2017. Thus, the declining cost of genetic sequencing will boost the growth sequencing technologies, and which further drive the use of sequencing reagents.
Furthermore, favorable government initiatives and increasing funding of private and public entities will also trigger the growth of sequencing technologies and propel the demand for sequencing reagents in the forecasted period.
Key Market Trends
Next Generation Sequencing (NGS) Estimated to Witness Healthy Growth
Next-generation sequencing (NGS) is estimated to witness healthy growth in the future attributed to increasing adoption of several applications such as molecular pathology, molecular diagnostics, and other clinical research applications. The all in one and deep sequencing approach offered by NGS will minimize the time required to identify the root of the condition and help in determining novel or rare variants. Moreover, the use of next-generation sequencing technologies in personalized medicines, companion diagnostic and in-vitro diagnostics led to high adoption compared to others and promotes the segment growth. (Read more…)
In Addition, as per Pharmaceutical Research & Manufacturer of America, biopharmaceutical research & development expenditure has been rising from past years, driving the sequencing reagents market in the forecasted period.
North America Expected to Hold a Significant Share
North America is expected to hold a significant market share in the global Sequencing Reagents Market due to the rising prevalence of chronic diseases, the presence of a large number of pharmaceutical companies, growing research and development expenditure, rising awareness, product launches, and technological advancements. The United States owns the largest share of Sequencing Reagents Market in the North America region Furthermore, increasing adoption of novel sequencing technologies, well-established infrastructure, and increasing healthcare expenditure are also expected to fuel the Sequencing Reagents Market in this region.
Competitive Landscape
The Sequencing Reagents Market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are F. Hoffmann-La Roche AG, Illumina, Inc, Thermo Fisher Scientific, Oxford Nanopore Technologies, Agilent Technologies, Inc., BGI, Bioline, Qiagen, Takara Bio Inc., and Fluidigm Corporation.
Key Topics Covered
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand for Third Generation Sequencing
4.2.2 Decreasing Costs for Genetic Sequencing
4.2.3 Increasing R&D Expenditure
4.3 Market Restraints
4.3.1 Limited Reimbursement Policy and Regulation for NGS
4.3.2 Ethical and Social Issues Associated with Sequencing
4.4 Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Template Kits
5.1.2 Library Kits
5.1.3 Control Kits
5.1.4 Sequencing Kits
5.1.5 Others
5.2 By Technology
5.2.1 Next Generation Sequencing
5.2.2 Sanger Sequencing
5.2.3 Third Generation Sequencing
5.3 By Application
5.3.1 Clinical Investigation
5.3.2 Oncology
5.3.3 Forensics & Agrigenomics
5.3.4 Others
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Middle-East and Africa
5.4.5 South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 F. Hoffmann-La Roche AG
6.1.2 Illumina, Inc.
6.1.3 Thermo Fisher Scientific
6.1.4 Oxford Nanopore Technologies
6.1.5 Agilent Technologies, Inc.
6.1.6 BGI
6.1.7 Bioline
6.1.8 Qiagen
6.1.9 Takara Bio Inc.
6.1.10 Fluidigm Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/5s4v4e
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