Sequencing Reagents Market Size, Industry Trends, Historical Data, Growth Analysis Forecast to 2032
By Ritesh on December 10, 2024
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.
The research encompasses the drivers and restraints of the sequencing reagents market, as well as the influence they have on demand during the forecast period. Furthermore, the report investigates the sequencing reagents market’s opportunities on a global and regional scale.
The competitive landscape and Porter’s Five Forces model analysis for the sequencing reagents market have been incorporated to provide the consumers of this report with a comprehensive understanding of the market. The research includes a market attractiveness analysis, which evaluates all segments according to their general attractiveness, growth rate, and market size.
The report offers a comprehensive analysis of company market share to provide a more comprehensive understanding of the primary participants in the sequencing reagents market. Additionally, the report addresses the most significant strategic developments in the market, such as the launch of new types, agreements, partnerships, collaborations, and joint ventures, as well as the research and development, regional expansion, and partnerships of major participants in the sequencing reagents market on a global and regional scale.
DNA sequencing is a method that identifies the sequence of nucleotides, or nucleic acids, in a DNA molecule. The procedure entails the identification of the sequence of four DNA bases: adenine, cytosine, guanine, and thymine. DNA sequencing is crucial in a variety of research applications, such as proteomics, genomics, drug discovery, evolutionary biology, forensics, precision medicine, metagenomics, and molecular biology. DNA sequencing is also applicable in a variety of diagnostic and therapeutic applications, such as the diagnosis of cancer, infectious diseases, and genetic disorders.
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.
● BGI
● QIAGEN
● Illumina. Inc.
● Thermo Fisher Scientific. Inc.
● Fluidigm Corporation
● Bioline
● Takara Bio Inc.
● ArcherDX. Inc
Regional Analysis of the Sequencing Reagents Market
In 2023, the global sequencing reagents market was primarily dominated by North America. The growth in this region is primarily driven by government funds, increasing research activities on sequencing, and strong commercial sales. In terms of revenue share, Europe was the second greatest regional market. The market growth in this region is influenced by the presence of a developed R&D infrastructure, the increasing burden of chronic diseases, and the increasing investments of public, private, and government entities in sequencing research.
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