Sanger Sequencing Market would rocket up to USD 7.47 billion by 2029

An oligonucleotide sequencing primer that binds to the DNA next to the region of interest is used in Sanger sequencing to focus on a particular area of the template DNA. W Sanger sequencing uses chemical replicas of the four DNA nucleotides to determine the sequence. Dideoxyribonucleotides (ddNTPs) are these analogues, which lack the 3' hydroxyl group necessary for the 5' to 3' elongation of a DNA polynucleotide chain.

Data Bridge Market Research analyses that the sanger sequencing market which was USD 1.92 billion in 2021, would rocket up to USD 7.47 billion by 2029, and is expected to undergo a CAGR of 18.50% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Drivers

Technological advancements
The market for Sanger's sequencing services is expanding due to technological developments in sequencing methods, benefits of Sanger's sequencing, and an increase in genome mapping initiatives. Additionally, sequencing applications and R&D expenditure boost have added to the market's expansion.

Research and development (R&D) activities
The increased attention that vendors are paying to developing economies like China, India, and Southeast Asia is anticipated to promote market expansion. The market is expected to experience significant growth in the near future as a result of rising R&D spending and a boom in sanger sequencing applications.

Rise in genetic illness
The expanding use of genetic testing on vertebrates and plants, other factors influencing the market's growth include the rising prevalence and familiarity of genetic illnesses and tailored medicine. During the forecast period of 2022 to 2029, a few factors have the potential to propel market expansion.

Opportunities

A number of factors, including growing demand for affordable genotyping services, declining sequencing rates, technological advancements, and the growing need for pharmacogenomics in the development and advancement of medications, the Sanger sequencing market is predicted to grow at a healthy rate.

View Detailed Report@  https://www.databridgemarketresearch.com/reports/global-sanger-sequencing-market

Sanger Sequencing Market Scope
The sanger sequencing market is segmented on the basis of application, sequencing, laboratory, research, and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

Diagnostics
Biomarkers
Cancer
Reproductive Health
Personalized Medicine
Forensics
Others
Sequencing

Shotgun Sequencing
Targeted Gene Sequencing
Others
Laboratory

Wet Labs
Dry Labs
Research

In-House
Outsourced
End Use

Academic
Government Research Institutes
Pharmaceutical Companies
Biotechnology Companies
Hospitals
Clinics

Some of the major players operating in the sanger sequencing market are:

Thermo Fisher Scientific Inc (U.S.)
Source BioScience (U.K.)
GenScript (U.S.)
LGC Limited (U.K.)
CeMIA (U.S.),
Quintara Biosciences (U.S.)
GenHunter Corporation (U.S.)
GENEWIZ (U.S.), Nucleics (U.K.)
SciGenom Labs Pvt. Ltd (India)
Microsynth AG (Switzerland)
Eurofins Scientific (Luxembourg)
LGC Limited (U.K.)
Fasteris SA (Switzerland)
StarSEQ GmbH (Germany)

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