Sequencing Reagents Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032

Report code : IS1321, Status : Published, Published on: Nov, 2022, Pages : 127 Pages, Format : PDF/PPT/Excel

Buying Options

Global Analysis: : $999

Global and Regional Analysis : $2799

Global Deep Dive Analysis : $5499

Competition Analysis : $399

Buy Now

Enquiry before buying

Description

The global Sequencing Reagents market size was estimated to be US$ 6.5 billion in 2021 and is expected grow at a CAGR of 12.5% between 2023 to 2032.

Substances and chemicals that are required during the genomic sequencing protocols are called sequencing reagents. Sequencing reagents, therefore, consist of a multitude of chemicals with functions ranging from initiation of detection of the DNA segment to sustenance of DNA fragmentation until its termination. Because the reagents are composed of a diverse group of chemical compounds, they have separate synthesis and maintenance protocols.

Technological advancements in the field of protein and DNA sequencing and the reduced cost of these services have led to an increase in the utilization of such techniques and subsequently enabled the growth of the global sequencing reagents market. Rising levels of research and development initiatives increased funding for research institutes, and the general adoption of such services in corporate research has also enabled faster growth in the sequencing reagents market.

Factors enabling growth of sequencing reagents market:

The next-generation sequencing (NGS) platforms have the highest market share of sequencing services, and this can be attributed to it being common practice for molecular diagnostics, molecular pathology, and clinical research applications. NGS is affordable, simple, and quicker compared to the older generation of sequencing techniques which has resulted in its widespread use in clinical research and disease diagnostics. Moreover, the deeper sequencing features of NGS enable better discovery of rare and novel gene variations.

NGS technology has also enabled personalized medication research and development which enables better in-vitro diagnosis of rare and complex diseases and thus has a wider acceptance in this sector as well. Due to all the mentioned benefits and uses, NGS is anticipated to grow substantially in the forecast period, and therefore the sequencing reagents market for NGS may also see positive growth in this period.

Sequencing technology is also enabling a better understanding of cancer and its causative pathways. NGS is positively influencing the analysis of tumour transcriptome and epigenetic factors of oncology, better detection of cancerous cells, and tumour stratification in cancer patients.

New clinical trials and genetic vulnerability testing protocols are seeing the increased implementation of NGS and other sequencing tools. Therefore, a growing demand for sequencing methods in cancer treatments has increased the growth of the sequencing reagent market across the globe.

Pathogen identification

Pathogen research by high-throughput techniques and bioinformatics has provided deeper insights into infection pathways, antimicrobial resistance, virulence, and disease transmission of several causative agents. The increased adoption of NGS and bioinformatics-based methodologies in disease diagnosis has also enabled the growth of the sequencing reagents market indirectly.

Third Generation Sequencing (TGS) is a new-age sequencing standard that provides reliable and faster processing compared to NGS and older methods. With the emergence of third-generation sequencing tools and techniques novel use cases can be achieved which will ensure sustained growth of the sequencing and sequencing reagents market during the forecast period.

Novel techniques like Nanopore and Single-Molecule Real Time (SMRT) sequencing methods help the generation of sequencing libraries that can help in an overall faster and more efficient sequencing process.

Furthermore, these libraries can also help in resequencing the genome with better efficiency compared to old-generation techniques. Overall data quality, simpler workflow, and reduction in genome fragmentation are some of the features of TGS that warrant its increased adoption in fields of biomedical research and sciences.

Supportive Government initiative act as an opportunity for the market growth

The reduction in the cost of genetic sequencing will also boost its use in commercial and clinical sectors which is anticipated to bring in large volumes of revenue for the sequencing reagents market within the forecasted period. Also, the increased acceptance of sequencing-based diagnostics due to government initiatives is expected to further the progression of the market for sequencing services, and sequencing reagent sales will also see a rise.

COVID-19 impact

The covid-19 pandemic has brought a crisis in various fields owing to its negative impact on non-essential medical procedures and the global supply chain disruptions. However, an increase in research initiatives for drugs and vaccines against covid-19 ensured a smooth growth of the sequencing reagents market in 2020-2021. Therefore, the pandemic brought positive growth in this sector which is expected to grow further in the next few years.

Even though the above-mentioned reasons suggest continuous and progressive growth of the sequencing reagents market, certain factors may still obstruct its growth in the coming years. Social and ethical concerns related to genomics and proteomics research, genomic data regulations, and a stagnation in innovation in sequencing techniques may be major factors that affect the pace of growth in sequencing and turn the sequencing reagents market.

Regional Trends of the Global Sequencing Reagents Market:

North America is expected to dominate the sequencing reagents market

During the forecast period, North America is expected to dominate the sequencing reagents market in terms of share and revenue. The presence of major players, well-established market and better economies in this region are major reasons for the sustained growth of the sequencing reagents market.

Asia-Pacific region is now expected to show the highest growth rate for sequencing as well as the sequencing reagents market during the forecast period. Such high growth rates are expected due to the development of better and more affordable technologies.

Prominent active companies in the sequencing reagents market

Major players involved in the sequencing market are Avantor, Inc., Agilent Technologies, Inc., BioChain Institute Inc., BioLegend, Inc., FroggaBio Inc., F. Hoffmann-La Roche Ltd, Fluidigm Corporation, Illumina, Inc., LGC Limited, Meridian, Merck KGaA, Thermo Fisher Scientific Inc., Oxford Nanopore Technologies, QIAGEN, Pacific Biosciences of California, Inc., New England Biolabs, TriLink BioTechnologies, Tecan Trading AG, Takara Bio Inc., and others.

Global Sequencing Reagents Market Segmentation:

By Technology

Next-generation sequencing
Sanger sequencing
Third generation sequencing

By Reagent type

Library kits
Template kits
Control kits
Sequencing kits
Others

By Geography

North America
- United States
- Canada
- Rest of North America
Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
South America
- Brazil
- Rest of South America

Table Of Content

Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
Market Synopsis: Global Sequencing Reagents Market
Global Sequencing Reagents Market Qualitative Analysis
- Trends
  - Market trends
  - Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
  - Driving Forces
  - Hindering Forces
  - Opportunities
- COVID-19 impact
- Porter’s Five Forces Analysis
- Value Chain Analysis
Global Sequencing Reagents Market Analysis and Forecast, by Technology
- Overview and definitions
- Key segment analysis
- Global Sequencing Reagents Market Estimates (US$ Mn), Technology, 2019 – 2032
  - Next-generation sequencing
  - Sanger sequencing
  - Third generation sequencing

Global Sequencing Reagents Market Analysis and Forecast, by Reagent Type
- Overview and definitions
- Key segment analysis
- Global Sequencing Reagents Market Estimates (US$ Mn), Reagent Type, 2019 – 2032
  - Library kits
  - Template kits
  - Control kits
  - Sequencing kits
  - Others

Global Sequencing Reagents Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Sequencing Reagents Market Estimates (US$ Mn), by Region, 2019 – 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America Sequencing Reagents Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Sequencing Reagents Market Estimates (US$ Mn), Technology, 2019 – 2032
  - Next-generation sequencing
  - Sanger sequencing
  - Third generation sequencing
- North America Sequencing Reagents Market Estimates (US$ Mn), Reagent Type, 2019 – 2032
  - Library kits
  - Template kits
  - Control kits
  - Sequencing kits
  - Others
- North America Sequencing Reagents Market Estimates (US$ Mn), by Country, 2019 – 2032
  - United States
  - Canada
  - Rest of North America

Europe Sequencing Reagents Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Sequencing Reagents Market Estimates (US$ Mn), Technology, 2019 – 2032
  - Next-generation sequencing
  - Sanger sequencing
  - Third generation sequencing
- Europe Sequencing Reagents Market Estimates (US$ Mn), Reagent Type, 2019 – 2032
  - Library kits
  - Template kits
  - Control kits
  - Sequencing kits
  - Others
- Europe Sequencing Reagents Market Estimates (US$ Mn), by Country, 2019 – 2032
  - Germany
  - United Kingdom
  - Italy
  - France
  - Spain
  - Rest of Europe

Asia Pacific Sequencing Reagents Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Sequencing Reagents Market Estimates (US$ Mn), Technology, 2019 – 2032
  - Next-generation sequencing
  - Sanger sequencing
  - Third generation sequencing
- Asia Pacific Sequencing Reagents Market Estimates (US$ Mn), Reagent Type, 2019 – 2032
  - Library kits
  - Template kits
  - Control kits
  - Sequencing kits
  - Others
- Asia Pacific Sequencing Reagents Market Estimates (US$ Mn), by Country, 2019 – 2032
  - China
  - Japan
  - South Korea
  - India
  - Australia
  - Rest of Asia Pacific

Middle East & Africa Sequencing Reagents Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Sequencing Reagents Market Estimates (US$ Mn), Technology, 2019 – 2032
  - Next-generation sequencing
  - Sanger sequencing
  - Third generation sequencing
- Middle East & Africa Sequencing Reagents Market Estimates (US$ Mn), Reagent Type, 2019 – 2032
  - Library kits
  - Template kits
  - Control kits
  - Sequencing kits
  - Others
- Middle East & Africa Sequencing Reagents Market Estimates (US$ Mn), by Country, 2019 – 2032
  - UAE
  - Saudi Arabia
  - South Africa
  - Rest of MEA

South America Sequencing Reagents Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Sequencing Reagents Market Estimates (US$ Mn), Technology, 2019 – 2032
  - Next-generation sequencing
  - Sanger sequencing
  - Third generation sequencing
- South America Sequencing Reagents Market Estimates (US$ Mn), Reagent Type, 2019 – 2032
  - Library kits
  - Template kits
  - Control kits
  - Sequencing kits
  - Others
- South America Sequencing Reagents Market Estimates (US$ Mn), by Country, 2019 – 2032
  - Brazil
  - Argentina
  - Rest of South America

Competition Analysis – Global Sequencing Reagents Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
  - Avantor, Inc.
    - Business overview
    - Geographic presence
    - Product portfolio
    - Financial facts
    - Relevant news and strategic view
  - Agilent Technologies, Inc.
  - BioChain Institute Inc.
  - BioLegend, Inc.
  - FroggaBio Inc.
  - Hoffmann-La Roche Ltd
  - Fluidigm Corporation
  - Illumina, Inc.
  - LGC Limited
  - Meridian
  - Merck KGaA
  - Thermo Fisher Scientific Inc.
  - Oxford Nanopore Technologies
  - QIAGEN
  - Pacific Biosciences of California, Inc.
  - New England Biolabs
  - TriLink BioTechnologies
  - Tecan Trading AG
  - Takara Bio Inc.

Conclusion & Recommendations

Request Sample

Request for Customization

Call with the Author

Frequently asked questions about this report

What is the sequencing reagents market growth?

The sequencing reagents market is expected to grow at a CAGR of 12.5% between 2023 to 2032.

How big is the sequencing reagents market in 2021?

The sequencing reagents market size was estimated to be US$ 6.5 billion in 2021.

What impact did the Covid-19 pandemic have on the global sequencing reagents market?

The covid-19 pandemic brought positive growth in this sector which is expected to grow further in the next few years.

What are the uses of sequencing reagents?

Substances and chemicals that are required during the genomic sequencing protocols are called sequencing reagents. They have functions for initiation/detection of the DNA segment, sustenance of DNA fragmentation, and reaction termination.