Sequencing Reagents Market (Type - Template Kits, Library Kits, Control Kits, Sequencing Kits, and Others; Technology - Next Generation Sequencing, Sanger Sequencing, and Third Generation Sequencing; End User - Hospitals and Clinics, Research Institutes, Pharmaceutical and Biotechnology Companies, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on sequencing reagents market provides in-depth analysis of segments and sub-segments in the global as well as regional sequencing reagents market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sequencing reagents market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global sequencing reagents market.

Market Insight:

The global sequencing reagents market was valued at over USD 4749.99 million in 2022 and is expected to reach more than USD 8311.37 million in 2030, with a CAGR of 7.75% during the forecast period 2023-2030.

The market for chemicals, kits, and consumables needed in DNA sequencing procedures is referred to as the sequencing reagents market. Determining the precise arrangement of nucleotides in a DNA molecule by the process of DNA sequencing, which is made possible by sequencing reagents. In many sequencing platforms, these reagents are necessary for sample preparation, amplification, sequencing, and data processing. Sequencing Reagents have a wide range of applications such as Genomics Research, Clinical Diagnostics, Cancer Genomics, and Agricultural Genomics. These reagents let scientists and medical professionals analyze DNA sequences, spot genetic variants, comprehend the genetic underpinnings of disorders, and direct personalized medicine. The use of sequencing reagents has various benefits such as using sequencing tools, it is possible to find genetic changes linked to cancer. Moreover, the remains of missing people can be identified using sequencing tools, and DNA evidence can be matched to a crime scene.

The factors which drive the growth of the market such as the market for sequencing reagents are expanding significantly due to the quick uptake of sequencing technologies. The need for sequencing reagents has increased as sequencing techniques are used more often in a variety of sectors and applications. Moreover, the price of DNA sequencing has been drastically decreasing making it more affordable for academics, doctors, and diagnostic labs. Technological breakthroughs, greater competition among sequencing platform suppliers, and economies of scale in the production of sequencing reagents have all contributed to this cost reduction. The growth of the market may face obstacles due to the lack of increasing regulations for next-generation sequencing (NGS) techniques. Increased investment in R&D creates an opportunity for advancements in sequencing technologies and drives market growth for sequencing reagents.

On the basis of the region, the market is segmented into North America, Asia Pacific, Europe, And Row. North America is expected to experience a significant share in the region segment throughout the forecast period. The growth of the market is attributed to several factors, including a well-established healthcare system, high adoption of advanced genomic technologies, and robust research activities within the region. Asia Pacific is an attractive region in the sequencing reagents market, with significant investment and funding from the government to help the region to grow fast. Governments in the Asia Pacific region have recognized the potential of genomics and DNA sequencing in improving healthcare outcomes. As a result, they are making substantial investments and providing funding support for genomics research and the adoption of sequencing technologies.

Report Scope of the Sequencing Reagents Market:

Segment Covered

The report on global sequencing reagents market covers segments such as type, technology, and end user. On the basis of type, the sub-markets include template kits, library kits, control kits, sequencing kits, and others. On the basis of technology, the sub-markets include next generation sequencing, sanger sequencing, and third generation sequencing. On the basis of end user, the sub-markets include hospitals and clinics, research institutes, pharmaceutical and biotechnology companies, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Thermo Fisher Scientific Inc., Illumina, Inc., QIAGEN, Oxford Nanopore Technologies plc., Agilent Technologies, Inc., Takara Bio Inc., BD, Archer (is now part of Integrated DNA Technologies, Inc.), F. Hoffmann-La Roche Ltd, and Meridian Bioscience Inc..

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the sequencing reagents market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.