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Global Sequencing Reagents Market Analysis, Drivers, Restraints, Threats & Growth Forecast to 2032

Scientists examines DNA models in modern Genetic Research Laboratory.

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.

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The research encompasses an analysis of the market’s drivers and restraints for sequencing reagents, as well as their influence on demand throughout the projected timeframe. In addition, the report contains an analysis of opportunities present in the global and regional markets for sequencing reagents.

To provide a thorough understanding of the sequencing reagents market for the report’s audience, we have incorporated an assessment of the competitive landscape and an evaluation of Porter’s Five Forces model. The research includes an evaluation of market attractiveness, in which each market segment is compared to others in terms of market size, growth rate, and overall appeal.

By analysing the market shares of companies, the report provides a more comprehensive picture of the major participants in the sequencing reagents industry. Furthermore, the report encompasses significant strategic advancements within the market, such as mergers and acquisitions, the introduction of new product lines, collaborations and joint ventures, agreements, partnerships, research and development, and regional expansion of major players in the sequencing reagents market on an international and regional scale.

Sequencing DNA involves determining the nucleic acid sequence, or the order of nucleotides, within a molecule of DNA. The procedure requires the identification of the sequence of adenine, thymine, cytosine, and guanine, which are the four DNA bases. Numerous scientific fields—including molecular biology, proteomics, genomics, drug discovery, evolutionary biology, forensics, and precision medicine—rely heavily on DNA sequencing. In addition to therapeutic and diagnostic applications, DNA sequencing can be utilised to treat cancer, infectious diseases, genetic disorders, and more.

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The Global Sequencing Reagents Market is segmented based on product, application and region

Global Sequencing Reagents Market: Product Segment Analysis

● Library Kits
● Template Kits
● Control Kits
● Sequencing Kits
● Others

Global Sequencing Reagents Market: Application Segment Analysis

● Oncology
● Retypeive Health
● Clinical Investigation
● Agrigenomics & Forensics
● Other

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The global Sequencing Reagents market profiles key players such as:

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

Analysis of the Sequencing Reagents Market by Region

In 2023, the worldwide market for sequencing reagents was dominated by North America. Strong commercial sales, expanding sequencing research activities, and government funding are significant contributors to the expansion of this region. Region-wide, Europe ranked second in terms of revenue share. Increasing public, private, and government investments in sequencing research, the existence of a well-established R&D infrastructure, and the prevalence of chronic diseases are a few of the factors that contribute to the expansion of the market in this region.

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