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Sangers Sequencing Service Market Targets $1,085 Million Value by 2025, Globally

02-23-2019 08:51 AM CET | Health & Medicine

Press release from: Allied Market Research

Sangers Sequencing Service Market

Sangers Sequencing Service Market

Sanger’s sequencing is one of the most pivotal techniques used by molecular biologists worldwide for sequence analysis. In this method, the target nucleic acid is reproduced several times, thereby making fragments of varying lengths.

The Global Sanger’s Sequencing Service Market was valued at $192 million in 2013, and is estimated to reach at $1,085 million by 2025, registering a CAGR of 14.2% from 2018 to 2025.

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Sequencing of global live fish The key driving force in the service market is on the rise in technological advances, particularly microfluidic bio-sequencing and development. In addition, a large investment in R & D investment has facilitated the spread of sanger sequencing services, providing a positive opportunity for market participants. However, concerns related to accuracy and standardization and the lack of skilled professionals hamper market growth.

Sanger's sequencing has the potential to accurately distinguish genetic variation and the generation of powerful biomarkers for medical and disease diagnosis. In addition, lower sequencing times, shorter protocol lengths, and higher sequencing costs have increased biomarker discovery and cancer use. The global biomarker and cancer gene sequencing service market is expected to reach $ 390 million by 2025.

Among the different end users, academic & government research institutes nearly occupied one-third share in the global sanger's sequencing service market in 2013. This is attributed to the fact that sanger's sequencing services have the capability to provide precise genomic information without the high costs associated with other methods of sequencing.

The United States was the leading revenue contributor to the global market in 2013, occupying nearly half of the total market share owing to high adoption rate of technologically advanced Sanger sequencing services. However, China is expected to grow at the highest CAGR of 17.2% from 2018 to 2025, owing to increase in disposable income; surge in research, development, & innovation activities; and growth in awareness of sanger's sequencing.

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The top key players listed in this report are Quintara Biosciences, GenHunter Corporation, GENEWIZ, Nucleics, SciGenom Labs Pvt. Limited, Source BioScience, GenScript Biotech Corporation, Thermo Fisher Scientific, Inc., LGC Science Group Limited, Fasteris SA, CeMIA SA, and Microsynth AG. Inc. The other players in the value chain (not included in the report) include Laragen, Inc. and StarSEQ GmbH.

Key Findings of the sanger's Sequencing Service Market:

• EU accounted for more than one-third of the share of the sanger's sequencing service market in 2013.
• The personalized medicine application segment is anticipated to grow with the highest CAGR throughout the forecast period.
• Academic and government research institutes accounted for nearly one-third of the global sanger's sequencing service market in 2013.
• China is anticipated to grow at the highest rate in the market during the analysis period.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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