Sequencing Reagents Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Sequencing Reagents market size is expected to be worth around US$ 12.6 billion by 2028, according to a new report by Vision Research Reports.

The global Sequencing Reagents market size was valued at US$ 4.5 billion in 2020 and is anticipated to grow at a CAGR of 13.7% during forecast period 2021 to 2028.

Growth Factors

Emergence of advanced and rapid high-throughput technologies, such as next-generation sequencing (NGS) and third-generation sequencing (TGS), for use in clinical applications provides lucrative growth avenues.

Moreover, a confluence of factors such as advent of targeted therapies in oncology and other clinical fields, development of companion diagnostics and precision medicine, and a significant reduction in the cost of genetic sequencing has increased the installation of NGS platforms throughout the globe. This, in turn, positively influences revenue generation for the market.

A substantial number of companies are using high-throughput technologies for drug discovery, which demands the use of genetic sequencing technologies. In addition, the application of NGS to accelerate early identification of autoimmune disorders is expected to drive the market. Moreover, parallel innovations in biomedical sciences have contributed to the growth of the NGS market.

Report Highlights

The NGS segment occupied a major market share in 2020 is because NGS has become a common practice in molecular diagnostics, molecular pathology, and other clinical research applications due to its lower costs and higher throughput capabilities. Moreover, the deep sequencing approach offered by NGS platforms allows better discovery power to determine novel or rare variants.

A rise in the demand for third-generation sequencing (TGS) technologies is attributive to the lucrative growth rate of this segment. With the emergence of TGS, genome sequencing has become a faster and reliable method to study genomic variations. SMRT technology has allowed scientists to initiate re-sequencing of the genome that has already been sequenced to accomplish a higher level of accuracy. For instance, by using the SMRT technique, Escherichia coli can be sequenced to an accuracy of 99.99%.

The sequencing kits segment dominated the market in terms of revenue in 2020 is expected to maintain its lead throughout the forecast period. This is due to the presence of major high throughput platforms such as the MiniSeq, MiSeq, iSeq, NextSeq, HiSeq X, and NovaSeq series from Illumina; PGM, IonS5, Ion Proton system from Thermo Fisher Scientific; and MinION, GridION X5, and PromethION from Oxford Nanopore.

Constant developments enhancing library preparation workflow is expected to significantly drive the library kits segment in the coming years. Automating the library construction with the use of liquid handling platforms, along with its accessories for heating, cooling, shaking, and magnetic bead manipulations, yield high-quality libraries for whole-genome sequencing.

Analysis of tumor transcriptomics, genomics, and epigenomics by NGS is positively influencing biomarker discovery for cancer diagnostics and tumor stratification. Enhancement of sequencing capabilities has also assisted the development of precision oncology that stimulates new oncological clinical trial designs for the detection of genetic vulnerabilities in patients.

Identification of pathogens by high-throughput technologies and bioinformatics results in the delivery of in-depth insights into antimicrobial resistance, virulence, and disease transmission. This drives the adoption of reagents in the field of clinical and public health microbiology. The clinical investigation segment is projected to witness the fastest growth throughout the forecast period.

Based on end-use, the market has been segmented into academic research, clinical research, hospitals and clinics, pharmaceutical and biotechnology companies, and others. Among these, academic research captured the largest revenue share due to the presence of a substantial number of universities and research centers involved in providing courses on molecular biology with a wide application of NGS techniques. Scholarships offered by these centers for Ph.D. projects in NGS is projected to drive demand for NGS reagents.

The clinical research segment is anticipated to register the fastest growth over the forecast period. Rising penetration of high throughput technology-based diagnostic tests that are CLIA waived or are under the process of clinical approval is anticipated to influence the market progression of this segment. The conventional Sanger method and its associated reagents are still a common choice for clinical applications and research. The adoption of NGS reagents is on the rise for clinical diagnostics because's single-nucleotide resolution is capable of detecting the smallest possible mutations (SNPs), without requiring additional information about the mutation. With advancements in technology, the combined detection of larger abnormalities and SNPs has become easier in recent years.    

Key Players

Thermo Fisher Scientific, Inc.; Illumina, Inc.; QIAGEN; BGI; Pacific Biosciences of California, Inc.; F. Hoffmann-La Roche AG; Oxford Nanopore Technologies; Agilent Technologies, Inc.; Fluidigm Corporation; ArcherDX, Inc.; Takara Bio Inc.; and Bioline.

Market Segmentation

  • Technology Outlook 

    • Sanger Sequencing

    • Next-Generation Sequencing

    • Third Generation Sequencing

  • Reagent Type Outlook

    • Library Kits

    • Template Kits

    • Control Kits

    • Sequencing Kits

    • Others

  • Application Outlook

    • Oncology

    • Reproductive Health

    • Clinical Investigation

    • Agrigenomics & Forensics

    • Others

  • End-use Outlook

    • Academic Research

    • Clinical Research

    • Hospitals & Clinics

    • Pharmaceutical & Biotechnology Companies

    • Others

  • Regional Outlook

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • Japan

    • Latin America

      • Brazil

    • The Middle East and Africa (MEA)

      • South Africa

The Sequencing Reagents market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Sequencing Reagents market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Sequencing Reagents market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Sequencing Reagents market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Sequencing Reagents market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Sequencing Reagents capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Sequencing Reagents by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Sequencing Reagents market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Sequencing Reagents market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Sequencing Reagents market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Sequencing Reagents industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Sequencing Reagents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Sequencing Reagents market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Sequencing Reagents market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Sequencing Reagents market. These factors have benefited the growth of the global market for Sequencing Reagents. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Sequencing Reagents. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Sequencing Reagents are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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