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Sequencing Kit Trends and Forecast
The future of the global sequencing kit market looks promising with opportunities in the pharmaceutical & biotechnology, hospital & diagnostic laboratory, and academic & research institute markets. The global sequencing kit market is expected to reach an estimated $20.8 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are rising healthcare costs, increased financing for research, the rise in genome mapping initiatives, as well as, increasing prevalence of cancer and genetic problems.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Sequencing Kit by Segment
The study includes a forecast for the global sequencing kit by type, technology, application, end use, and region.
Sequencing Kit Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Nucleic Acid Extraction & Amplification
• Library Preparation
• Control
Sequencing Kit Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• NGS
• Sanger
Sequencing Kit Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Drug Discovery
• Oncology
• Reproductive Health
• Infectious Diseases
Sequencing Kit Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Pharmaceutical & Biotechnology
• Hospital & Diagnostic Laboratories
• Academic & Research Institutes
• Others
Sequencing Kit Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Sequencing Kit Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sequencing kit companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sequencing kit companies profiled in this report include-
• Illumina
• Thermo Fisher Scientific
• F. Hoffmann-La Roche
• PerkinElmer
• QIAGEN N.V
Sequencing Kit Market Insights
Lucintel forecasts that nucleic acid extraction & amplification will remain the largest segment over the forecast period due to expanding usage of sequencing-based R&D across a range of end users, including academic institutions, research centers, and pharmaceutical and biotechnology corporations.
North America is expected to witness highest growth over the forecast period due to increased rates of cancer in the area, the need for precision medicine, large R&D expenditures, an increase in drug development efforts, and a number of government programs supporting sequencing studies.
Features of the Global Sequencing Kit Market
Market Size Estimates: Sequencing kit market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sequencing kit market size by type, technology, application, end use, and region in terms of value ($B).
Regional Analysis: Sequencing kit market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, technology, application, end use, and regions for the sequencing kit market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sequencing kit market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the sequencing kit market size?
Answer: The global sequencing kit market is expected to reach an estimated $20.8 billion by 2030.
Q2. What is the growth forecast for sequencing kit market?
Answer: The global sequencing kit market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the sequencing kit market?
Answer: The major drivers for this market are rising healthcare costs, increased financing for research, the rise in genome mapping initiatives, as well as, increasing prevalence of cancer and genetic problems.
Q4. What are the major segments for sequencing kit market?
Answer: The future of the global sequencing kit market looks promising with opportunities in the pharmaceutical & biotechnology, hospital & diagnostic laboratory, and academic & research institute markets.
Q5. Who are the key sequencing kit market companies?
Answer: Some of the key sequencing kit companies are as follows:
• Illumina
• Thermo Fisher Scientific
• F. Hoffmann-La Roche
• PerkinElmer
• QIAGEN N.V
Q6. Which sequencing kit market segment will be the largest in future?
Answer: Lucintel forecasts that nucleic acid extraction & amplification will remain the largest segment over the forecast period due to expanding usage of sequencing-based R&D across a range of end users, including academic institutions, research centers, and pharmaceutical and biotechnology corporations.
Q7. In sequencing kit market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to increased rates of cancer in the area, the need for precision medicine, large R&D expenditures, an increase in drug development efforts, and a number of government programs supporting sequencing studies.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the sequencing kit market by type (nucleic acid extraction & amplification, library preparation, and control), technology (NGS and sanger), application (drug discovery, oncology, reproductive health, and infectious diseases), end use (pharmaceutical & biotechnology, hospital & diagnostic laboratories, academic & research institutes, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Sequencing Kit Market, Sequencing Kit Market Size, Sequencing Kit Market Growth, Sequencing Kit Market Analysis, Sequencing Kit Market Report, Sequencing Kit Market Share, Sequencing Kit Market Trends, Sequencing Kit Market Forecast, Sequencing Kit Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Sequencing Kit Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Sequencing Kit Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Sequencing Kit Market by Type
3.3.1: Nucleic Acid Extraction & Amplification
3.3.2: Library Preparation
3.3.3: Control
3.4: Global Sequencing Kit Market by Technology
3.4.1: NGS
3.4.2: Sanger
3.5: Global Sequencing Kit Market by Application
3.5.1: Drug Discovery
3.5.2: Oncology
3.5.3: Reproductive Health
3.5.4: Infectious Diseases
3.6: Global Sequencing Kit Market by End Use
3.6.1: Pharmaceutical & Biotechnology
3.6.2: Hospital & Diagnostic Laboratories
3.6.3: Academic & Research Institutes
3.6.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Sequencing Kit Market by Region
4.2: North American Sequencing Kit Market
4.2.2: North American Sequencing Kit Market by Technology: NGS and Sanger
4.2.3: North American Sequencing Kit Market by Application: Drug Discovery, Oncology, Reproductive Health, and Infectious Diseases
4.2.4: North American Sequencing Kit Market by End Use: Pharmaceutical & Biotechnology, Hospital & Diagnostic Laboratories, Academic & Research Institutes, and Others
4.3: European Sequencing Kit Market
4.3.1: European Sequencing Kit Market by Type: Nucleic Acid Extraction & Amplification, Library Preparation, and Control
4.3.2: European Sequencing Kit Market by Technology: NGS and Sanger
4.3.3: European Sequencing Kit Market by Application: Drug Discovery, Oncology, Reproductive Health, and Infectious Diseases
4.3.4: European Sequencing Kit Market by End Use: Pharmaceutical & Biotechnology, Hospital & Diagnostic Laboratories, Academic & Research Institutes, and Others
4.4: APAC Sequencing Kit Market
4.4.1: APAC Sequencing Kit Market by Type: Nucleic Acid Extraction & Amplification, Library Preparation, and Control
4.4.2: APAC Sequencing Kit Market by Technology: NGS and Sanger
4.4.3: APAC Sequencing Kit Market by Application: Drug Discovery, Oncology, Reproductive Health, and Infectious Diseases
4.4.4: APAC Sequencing Kit Market by End Use: Pharmaceutical & Biotechnology, Hospital & Diagnostic Laboratories, Academic & Research Institutes, and Others
4.5: ROW Sequencing Kit Market
4.5.1: ROW Sequencing Kit Market by Type: Nucleic Acid Extraction & Amplification, Library Preparation, and Control
4.5.2: ROW Sequencing Kit Market by Technology: NGS and Sanger
4.5.3: ROW Sequencing Kit Market by Application: Drug Discovery, Oncology, Reproductive Health, and Infectious Diseases
4.5.4: ROW Sequencing Kit Market by End Use: Pharmaceutical & Biotechnology, Hospital & Diagnostic Laboratories, Academic & Research Institutes, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Sequencing Kit Market by Type
6.1.2: Growth Opportunities for the Global Sequencing Kit Market by Technology
6.1.3: Growth Opportunities for the Global Sequencing Kit Market by Application
6.1.4: Growth Opportunities for the Global Sequencing Kit Market by End Use
6.1.5: Growth Opportunities for the Global Sequencing Kit Market by Region
6.2: Emerging Trends in the Global Sequencing Kit Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Sequencing Kit Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Sequencing Kit Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Illumina
7.2: Thermo Fisher Scientific
7.3: F. Hoffmann-La Roche
7.4: PerkinElmer
7.5: QIAGEN N.V
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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