How has the sequencing reagents market evolved, and where is it heading next?
The sequencing reagents market size has grown rapidly in recent years. It will grow from $10.45 billion in 2024 to $12.21 billion in 2025 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to the adoption of sequencing in drug discovery and development, government initiatives to promote genomics research, rising applications of sequencing in clinical diagnostics, increasing prevalence of genetic disorders, and the emergence of precision medicine initiatives.
The sequencing reagents market size is expected to see rapid growth in the next few years. It will grow to $22.5 billion in 2029 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to a rise in cancer genomics research and precision oncology, growth of bioinformatics tools and software for data analysis, rising investments in genomics research and healthcare infrastructure, growing demand for personalized medicine, expanding applications of sequencing in agriculture and livestock. Major trends in the forecast period include the development of portable and benchtop sequencing platforms, integration of sequencing with other omics technologies, development of novel sequencing reagents for epigenetic analysis, advancements in sequencing technologies, and increasing investments in research and development for novel sequencing technologies and reagents.
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What are the key drivers behind the rapid expansion of the sequencing reagents market?
The rising demand and development of personalized medicine are expected to propel the growth of the sequencing reagents market going forward. Personalized medicine, also known as precision medicine, is an innovative approach to medical treatment that tailors healthcare decisions and interventions to the individual characteristics of each patient. The rising demand for personalized medicine is fueled by genomics and molecular diagnostics advancements, enabling tailored treatments based on individual genetic profiles and disease characteristics. Sequencing reagents play a crucial role in personalized medicine by allowing the precise analysis of individual genetic information for tailored diagnostic and therapeutic interventions. For instance, in February 2024, according to the Personalized Medicine Coalition (PMC), a US-based non-profit organization, personalized medicines topped one-third of new U.S. Food and Drug Administration (FDA) drug approvals for the fourth year in 2023. Additionally, in 2023, the FDA approved 16 new personalized treatments for rare disease patients, up from six in 2022. Therefore, the rising demand and development of personalized medicine will drive sequencing reagents market.
What is the segmentation for the sequencing reagents market?
The sequencing reagents market covered in this report is segmented –
1) By Type: Library Kits, Template Kits, Control Kits, Sequencing Kits, Other Types
2) By Technology: Sanger Sequencing, Next Generation Sequencing, Third Generation Sequencing
3) By Application: Oncology, Reproductive Health, Clinical Investigation, Agrigenomics And Forensics, Other Applications
4) By Industry Verticals: Research Institutes, Hospitals and Clinics, Pharmaceutical And Biotechnology Companies, Other Industry Verticals
Subsegments:
1) By Library Kits: Dna Library Kits, Rna Library Kits, Whole Genome Library Kits, Targeted Sequencing Library Kits, Amplicon Library Kits
2) By Template Kits: Dna Template Kits, Rna Template Kits, Cdna Template Kits, Single-Cell Rna Template Kits
3) By Control Kits: Positive Control Kits, Negative Control Kits, Internal Control Kits, Quality Control Kits
4) By Sequencing Kits: Next-Generation Sequencing (Ngs) Kits, Whole Genome Sequencing Kits, Targeted Sequencing Kits, Exome Sequencing Kits, Rna Sequencing Kits
5) By Other Types: Pcr Reagents And Kits, Cloning Kits, Multiplexing Kits, Sanger Sequencing Reagents
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Who are the most influential companies in the sequencing reagents market?
Major companies operating in the sequencing reagents market are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Agilent Technologies Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., BGI Group, Beckman Coulter Inc., Hamilton Company, GenScript Biotech Corporation, Promega Corporation, Integrated DNA Technologies (IDT), BioLegend, Twist Bioscience, Diagenode, Covaris Inc., Oxford Nanopore Technologies plc, Biotage, Takara Bio Inc., New England Biolabs (NEB), Pacific Biosciences of California Inc., Zymo Research, Lucigen Corporation, Norgen Biotek Corp., Lexogen GmbH, Daicel Arbor Biosciences, Swift Biosciences Inc.
What are the most influential trends expected to drive the sequencing reagents market forward?
Major companies operating in the sequencing reagents market are focused on developing innovative technology, such as Illumina Complete Long Read technology, to gain a competitive edge in the market. Illumina complete long-read technology is an advanced sequencing technology developed that combines the accuracy and throughput of short-read sequencing with the comprehensive coverage and ability to span complex genomic regions provided by long-read sequencing. For instance, in March 2023, Illumina Inc., a US-based biotechnology company, launched Illumina Complete Long Read Prep, Human. The high-performance, long-read, human whole-genome sequencing (WGS) assay is compatible with Illumina NovaSeq X Plus, NovaSeq X, and NovaSeq 6000 Sequencing Systems. Illumina’s Complete Long Read Prep for Humans is a comprehensive workflow facilitating Long Read sequencing of the human genome on Illumina platforms, covering sample processing, library construction, and sequencing. It enables researchers to generate long sequencing reads for detailed genomic analysis, including identifying structural variations and complex genomic regions.
What are the major regional insights for the sequencing reagents market, and which region holds the top position?
North America was the largest region in the sequencing reagents market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sequencing reagents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Sequencing Reagents Market Report 2025 Offer?
The sequencing reagents market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Sequencing reagents are chemicals or compounds used in various sequencing techniques to determine the precise order of nucleotides in a DNA or RNA molecule. These are utilized in genetic sequencing methodologies to identify the order of nucleotides in DNA or RNA strands, aiding in the precise analysis of genetic information.
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