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Primary Catalyst Driving Sequencing Consumables Market Evolution in 2025: Genetic Diseases Driving Growth In Sequencing Consumables Market Driver
Sequencing Consumables Market Analysis
There has been a significant expansion in the size of the sequencing consumables market in recent years. The market is set to grow from a value of $9.79 billion in 2024 to $12.44 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 27.1%. This growth during the historic period can be traced back to various factors including an increase in drug development activities, a higher rate of genetic disorders and targeted diseases, a rise in the use of miniaturized portable devices, a significant usage of biomarker profiling, a heightened demand for personalized medicine, and an increase in the number of cancer patients.
The market size for sequencing consumables is set to experience significant expansion in the coming years. The forecast predicts it will reach $32.12 billion by 2029, with a compound annual growth rate (CAGR) of 26.8%. This projected increase for the forecasted period can be attributed to the growing need for quick and precise disease diagnosis, increasing utilization of real-time polymerase chain reaction, burgeoning demand for immediate and on-site diagnostic testing, rising instances of infectious disease outbreaks, and the need for companion diagnostics. Foreseen trends for this period include advancements in disease detection and monitoring, innovation in drug discovery, progress in target validation, identifying biomarkers, the evolution of advanced DNA sequencing technologies, breakthroughs in diagnostic testing, next-generation sequencing (NGS), lab-on-a-chip systems, and the development of advanced molecular diagnostic solutions.
What Is Stimulating Growth in the Sequencing Consumables Market?
An increase in the incidence of genetic disorders is anticipated to boost the advancement of the sequencing consumables market. Genetic disorders are conditions caused by anomalies in a person's DNA or genes, which are typically inherited. The increased occurrence of these disorders can be attributed to increased awareness, more improved diagnostic techniques, and changes in environmental conditions. Sequencing consumables come into use for DNA extraction, library creation, sequencing, and analysis in order to identify genetic modifications linked to diseases in the context of genetic disorders. For instance, the Centers for Disease Control and Prevention, an American government agency, reported that approximately 6,000 children are born with Down Syndrome in the United States each year, accounting for about 1 in 700 babies, as of April 2024. Consequently, the increase in the incidence of genetic disorders is propelling the sequencing consumables market forward.
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Which Key Market Leaders Are Driving Sequencing Consumables Industry Growth?
Major companies operating in the sequencing consumables market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Merck KGaA, Becton, Dickinson and Company, Agilent Technologies Inc., Illumina Inc., PerkinElmer Inc., bioMérieux SA, Beckman Coulter Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Tecan Group AG, BGI Genomics Co Ltd., Promega Corporation, Abcam Limited, Integrated DNA Technologies Inc., Takara Bio Inc., Oxford Nanopore Technologies plc, Pacific Biosciences of California Inc., Analytik Jena GmbH, Standard BioTools Inc., LGC Biosearch Technologies Inc., Biocartis SA, Apex Biotechnology Corp., Lexogen GmbH
What Are the Emerging Trends in the Sequencing Consumables Industry?
Leading firms in the sequencing consumables market are focusing on creating cutting-edge solutions such as human whole-genome sequencing (WGS) assays. These assays, used for complete genomic analysis, improve accuracy, efficiency, and speed. The process involves a thorough evaluation of an individual's entire genome, including their complete DNA, to detect genetic variances, mutations, and biomarkers linked to health, susceptibility to disease, and response to treatment. In March 2023, as an example, Illumina Inc., a biotech firm from the US, rolled out Illumina Complete Long Read Prep- Human, a superior human whole-genome sequencing (WGS) assay offering long-read capabilities. It is compatible with various Illumina equipment, including NovaSeq X Plus, NovaSeq X, and NovaSeq 6000 Sequencing Systems. Users for the first time can access both long- and short-read data on a single Illumina device simplifying workflows and considerably cutting down DNA input requirements in comparison to other long-read alternatives.
What Are the Main Segments in the Sequencing Consumables Market?
The sequencing consumables market covered in this report is segmented -
1) By Product: Kits, Reagents, Accessories
2) By Platform: 1st Generation Sequencing Consumables, 2nd Generation Sequencing Consumables, 3rd Generation Sequencing Consumables
3) By Application: Cancer Diagnostics, Infectious Disease Diagnostics, Reproductive Health Diagnostics, Pharmacogenomics, Agrigenomics, Others Application
4) By End-Use: Pharmaceutical And Biotechnology Companies, Hospitals And Laboratories, Academic Research Institutes, Other End-Uses
Subsegments:
1) By Kits: Library Preparation Kits, DNA Or RNA Amplification Kits, Sequencing Kits
2) By Reagents: PCR Reagents, DNA Or RNA Reagents, Enzymes
3) By Accessories: Sequencing Chips, Primers And Probes, Sample Preparation Tools
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Which Geographic Area Leads the Sequencing Consumables Market?
North America was the largest region in the sequencing consumables market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sequencing consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Sequencing Consumables Global Market Report?
- Market Size Analysis: Analyze the Sequencing Consumables Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sequencing Consumables Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sequencing Consumables Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sequencing Consumables Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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