Sequencing Reagents Market Size Industry, Recent Trends, Demand and Share Estimation by 2032 with Top Players

According to a new report published by K D Market Insights, titled, “Sequencing Reagents Market Insights, Trends, Opportunity & Forecast, 2023–2032,” the global sequencing reagents market size is anticipated to witness moderate growth during the forecast period i.e., 2023-2032.  The increasing demand for sequencing technologies in various applications, including genomics research, diagnostics, and drug discovery which are the major factors augmenting the growth of the global sequencing reagents market.

The increasing demand for genomic sequencing in research, diagnostics, and drug discovery applications propels the market growth. The ability of sequencing technologies to provide comprehensive insights into genetic variations and disease mechanisms drives their adoption in various fields. Are further expected to create ample growth opportunities for the global sequencing reagents market during the forecast period i.e., 2023-2032. Moreover, advancements in sequencing technologies and the development of high-throughput platforms have propelled market expansion. The growing focus on precision medicine and personalized healthcare, is expected to contribute towards the market growth during the period.

The North America region accounted for the largest share in the global sequencing reagents market in 2022. The region is further projected to continue dominating in the market and also register the highest CAGR in the market during the forecast period. This can be attributed to the presence of leading biotechnology and pharmaceutical companies, along with well-established research institutes.

According to technology, next-generation sequencing (NGS) segment accounted for the largest market share in the sequencing reagents market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.

The global sequencing reagents market is segmented into type, technology, application and region. Based on type, the market is bifurcated into template kits, library kits, control kits, sequencing kits, others. Based on technology, it is classified into s next generation sequencing, sanger sequencing, third generation sequencing. Based on application, it is classified into clinical investigation, oncology, forensics & agrigenomics, others.

The global sequencing reagents market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Sequencing reagents Market

• On the basis of technology, next-generation sequencing (NGS) segment accounted for the largest market share in the sequencing reagents market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
• On the basis of region, North America accounted for the largest share in the global sequencing reagents market in 2022. The region is further projected to continue dominating in the market during the forecast period.
• On the basis of region, Asia-Pacific is estimated to account for the second largest share in the market during the forecast period.

Some of the major sequencing reagents companies profiled in the report include Thermo Fisher Scientific, Illumina, QIAGEN, BGI, Pacific Biosciences of California, F. Hoffmann-La Roche AG, Oxford Nanopore Technologies, Agilent Technologies, Fluidigm Corporation, ArcherDX, Takara Bio Inc., and Bioline.

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