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Why the Nanopore Technologies Market is set to explode? Top Companies : Oxford Nanopore Technologies, NorthShore Bio, Nabsys LLC Electronic BioSciences, Quantapore Inc., Stratos Genomics, Noblegen Biosciences and more
This sequencing information is collected in the form of electronic data. Owing to the adoption of the internet of things (IoT), this technology can be effectively employed for the sequencing of human genome. This technology has a higher preference than other technologies owing to its cost-effectiveness and quicker results. Moreover, researchers are planning to develop molecule detectors and sequencers by adopting this technology. Protecting the health information of patients is gaining immense attention and plays a crucial part in the healthcare industry.
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https://www.fortunebusinessinsights.com/industry-reports/nanopore-technologies-market-100270
As per the report, some of the leading players functioning in the global market include:
• Oxford Nanopore Technologies
• NorthShore Bio
• Nabsys LLC
• Electronic BioSciences
• Quantapore Inc.
• Stratos Genomics
• Noblegen Biosciences
This, along with, increasing incorporation of cloud-based technologies, is expected to contribute to the growth of the market in the forecast years. Quantapore Inc. is currently using nanopore technology to sequence vast amount of DNA. Several other companies are planning to invest in this technology, which in turn, is expected to encourage growth in the global market.
Fortune Business Insights offers a detailed overview of the global market in a report, titled “Nanopore Technologies Market Size, Share and Global Trend By Modality (Handheld, Benchtop), By Application (DNA Sequencing, RNA Sequencing, Epigenetics), By End User (Hospitals, Biotechnological Companies, Education & Research Institute, Forensic Labs), Geography Forecast till 2026.”
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The report offers meticulous research on the global market by evaluating different aspects. These aspects include drivers, opportunities, trends, restraints, and threats. These aspects help stakeholders to get a clear understand of the market dynamics and accordingly provide valuable insights. Furthermore, the report offers a comprehensive overview of competitive landscape by including information on some of the leading players. Our analysts have used primary and secondary sources to offer an in-depth analysis of the market.
DNA Sequencing Segment to Witness Immense Growth Opportunities
As per application, DNA sequencing is expected to lead the global market owing to the rising demand for DNA sequencing tools. These tools are used for studying different types of health conditions and genome sequencing with an aim to develop drugs. Oxford Nanopore Technologies announced the launch of an advanced accessory called MinIT in 2018, which aims to perform faster DNA sequencing. Spurred by such developments, the DNA sequencing segment is expected to rise in the forthcoming years.
NorthShore Bio in North America to Develop a Nanopore-based Molecular Detector
From a geographical standpoint, the market in North America is expected to maintain its dominance in the forecast duration. The growth is mainly attributable to the increasing research for the development of nanopore-enabled detector and DNA transistors. One of the leading companies operating in molecular detection and nanopore technology, NorthShore Bio is planning to develop an advanced molecular detector. This detector is made of semiconductor-based silicone material and uses nanopore technology for RNA and DNA sequencing. Such advancements are expected to create immense growth opportunities in the market in North America by 2026.
The market in Europe and Asia Pacific is expected to register high growth in the forecast period. This is ascribable to the increasing adoption of some of the emerging technologies primarily for performing genomic studies.
Amgen to Invest Around USD 66 Mn in Oxford Nanopore Technologies to Develop Genetic Sequencing Technology
Increasing investments in nanopore technology are expected to give significant impetus to the market. For instance, Amgen invested USD 66 Million in Oxford Nanopore Technologies Ltd. with an aim to focus on the usage of human genetics. This will further help the company to deliver new medicines to patients with different health conditions.
Companies are planning to adopt new strategies such as new product launch, increasing usage of epigenetics for developing new treatment methods. Such strategies are expected to fuel the demand for nanopore technology, thereby driving the global market.
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