According to a new market report published by Lucintel, the future of the sequencing reagents market looks promising with opportunities in the oncology, reproductive health, clinical investigation, and agrigenomics & forensics applications. The global sequencing reagents market is expected to grow with a CAGR of 14% from 2020 to 2025. The major drivers for this market are rising research and development activities related to genomics, decreasing genetic sequencing cost, government initiatives to support research related to sequencing, and high unmet medical needs.
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In this market, library kits, template kits, control kits, and sequencing kits are the major products. Lucintel forecasts that sequencing kits will remain the largest segment over the forecast period due to increasing research and development activities related to genomics.
Within this market, academic research will remain the largest segment by end use over the forecast period due to presence of a large number of universities and research centers providing courses related to molecular biology and scholarships offered by these research centers for Ph.D. projects in NGS (Next Generation Sequencing).
North America will remain the largest region over the forecast period due to rising research activities related to sequencing, presence of highly conducive healthcare infrastructure, and favorable government laws in the region.
Agilent Technologies, Oxford Nanopore Technologies, Roche, Pacific Biosciences of California, BGI, Qiagen, Illumina, Thermo Fisher Scientific, Fluidigm, and Bioline are among the major suppliers in the global sequencing reagents market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global sequencing reagents market by reagent type, technology, application, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Sequencing Reagents Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global sequencing reagents market by reagent type, technology, application, end user, and region as follows:
By Reagent Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Library Kits
Template Kits
Control Kits
Sequencing Kits
Others
By Technology [Value ($ Million) shipment analysis for 2014 – 2025]:
Sanger Sequencing
Next-Generation Sequencing
Third Generation Sequencing
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Oncology
Reproductive Health
Clinical Investigation
Agrigenomics & Forensics
Others
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
Academic Research
Clinical Research
Hospitals & Clinics
Pharmaceutical & Biotechnology Companies
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
German
France
A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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