Targeted Sequencing : Market Growth Insight, Share, Size, Prominent Players, Segmentation & Developments, Challenges and Regional Study Forecast 2031

The Global Targeted Sequencing Market Size is predicted to reach 10.06 billion by 2031, with a 14.31% compound annual growth rate (CAGR) during the forecast period of 2024-2031. In 2023, the market was valued at $3.49 billion.

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Next-generation sequencing is a method that is used to determine the exact arrangement of nucleotides within a DNA molecule. Quick sequencing is feasible through next-generation sequencing, which generates one million DNA and RNA sequences. Next-generation sequencing is conducted at high throughput. Next-generation sequencing can be used to ascertain the nucleotide sequence of the entire genome. Applications for next-generation sequencing, genome mapping activities, healthcare expenditures, and technological advancements in sequencing systems are all contributing to the growth of the global market for next-generation sequencing.

To advance science and identify novel approaches to the diagnosis and treatment of ailments such as cancer, uncommon disorders, and other maladies, governmental organizations are also sequencing millions of genomes. Moreover, in 2019, Agilent Technologies, Inc., an American analytical development and production business, introduced the Magnis NGS Prep System, a next-generation sequencing library preparation equipment that is capable of executing intricate sequencing tests with the simple press of a button.

List of Prominent Players in the Targeted Sequencing Market:

• Azenta US, Inc. (GENEWIZ)
• Illumina, Inc.
• PerkinElmer Inc.
• Psomagen
• QIAGEN N.V.
• BGI Group (MGI Tech Co., Ltd.)
• LGC Limited (LGC Biosearch Technologies)
• PacBio.
• Danaher. (Integrated DNA Technologies, Inc.)
• F. Hoffmann-La Roche Ltd
• Agilent Technologies, Inc.
• CD Genomics
• Daicel Corporation (Daicel Arbor Biosciences)
• Takara Bio Inc.
• Tecan Trading AG
• Thermo Fisher Scientific Inc.
• Twist Bioscience

Market Dynamics:
Drivers-

Targeted sequencing has become the industry leader due to its ability to sequence massive quantities of DNA in a single run, simplifying disease diagnosis and research. The increased demand for rapid, accurate, and affordable DNA sequencing data interpretation is the reason for this. The genomics discipline has significantly benefited from the implementation of next-generation sequencing. It is anticipated that the next-generation sequencing market will be bolstered by the implementation of genomics programs in a number of countries. Developments in diagnostics that are founded on targeted sequencing, in addition to active government support, are substantial market growth factors.

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Challenges:

The market growth will be restricted by a paucity of professionals with the necessary capabilities and ethical and legal constraints on targeted sequencing. Nevertheless, the global next-generation sequencing sector faces significant challenges due to the vast quantities of data produced by sequencing and its interpretation.

Regional Trends:

The North America Targeted Sequencing Market is expected to register a major market share in terms of revenue and is projected to raise at a high CAGR in the near future. The regional market is being driven by a large number of clinical laboratories that provide genetic testing services using NGS. Due to considerable R&D expenditure and the availability of a technologically advanced healthcare research framework, the region's WGS development is also estimated to play a key influence in the market expansion in North America throughout the projected time.

Recent Developments:

• In September 2022, Illumina Inc. introduced the NovaSeq X Series (NovaSeq X and NovaSeq X Plus), a new generation of next-generation sequencers used in production. Thus, these will facilitate sequencing that is more efficient, effective, and sustainable.

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Segmentation of Targeted Sequencing Market-

By Product Type-
• Services
• Instruments
• Kits/Panels and Assays
• Other Product Types
By Target Enrichment Method-
• Hybridization Capture
• Amplicon Sequencing
• Other Target Enrichment Methods

By Type of Target Capture -
• Targeted DNA Sequencing
o Targeted Methyl Sequencing
• Targeted RNA Sequencing
o Targeted Metagenomic Sequencing
• Other Types of Target Capture

By Application-

• Oncology
o Minimal Residual Disease Testing
o Liquid Biopsy
o Solid Tumor
o Circulating Tumor Cell (CTC) Analysis
• Reproductive Health
• Cardiovascular Diseases
• Infectious Diseases
o Non-Invasive Prenatal Testing
o Carrier Screening
o Preimplantation Genetic Diagnosis (PGD)
o Newborn Screening
• Hereditary Diseases
• Rare Diseases
• Neurological Disorders
• Other Applications

By End-User-
• Pharmaceutical and Biotech Companies
• Academic and Research Institutions
• Diagnostic and Clinical Laboratories
• Other End Users

By Region-

North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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