Targeted Sequencing Market Top Companies Study - Agilent Technologies, Inc., Azenta US, Inc. (GENEWIZ), BGI Group (MGI Tech Co., Ltd.), CD Genomics, Daicel Corporation (Daicel Arbor Biosciences).

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Targeted Sequencing Market Market Size, Share & Trends Analysis Report By Product Type (Instruments, Kits/Panels And Assays, Services), Target Enrichment Method (Hybridization Capture, Amplicon Sequencing), Type Of Target Capture (Targeted DNA Sequencing, Targeted RNA Sequencing), Application (Oncology, Reproductive Health, Hereditary Diseases, Neurological Disorders, Infectious Diseases, Cardiovascular Diseases, Rare Diseases), And End-User (Diagnostic And Clinical Laboratories, Academic And Research Institutions, Pharmaceutical & Biotech Companies)- Market Outlook And Industry Analysis 2031"

The global targeted sequencing market is estimated to reach over USD 10.06 billion by 2031, exhibiting a CAGR of 14.31% during the forecast period.

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Next-Generation Sequencing (NGS) is an advanced technology utilized to accurately determine the nucleotide sequence within a DNA molecule. NGS facilitates the rapid sequencing of both DNA and RNA, generating millions of sequences with high throughput capabilities, thereby enabling the comprehensive analysis of an entire genome's nucleotide composition. The global NGS market is experiencing substantial growth, driven by genome mapping initiatives, the expanding range of NGS applications, increased healthcare expenditures, and continuous advancements in sequencing technologies.

Government agencies are actively supporting large-scale genome sequencing projects aimed at advancing scientific research and developing innovative methods for diagnosing and treating complex diseases, including cancer and rare genetic disorders. Furthermore, in 2019, Agilent Technologies, Inc., a prominent American analytical development and manufacturing company, launched the Magnis NGS Prep System-an automated library preparation system for next-generation sequencing. This system is designed to efficiently perform complex sequencing tests with minimal user intervention.

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

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Market Dynamics
Drivers:
Targeted sequencing has become a leading segment in the industry due to its ability to sequence large volumes of DNA in a single run, thereby enhancing the efficiency of disease diagnosis and research. The increasing demand for cost-effective, rapid, and accurate DNA sequencing analysis has significantly fueled the adoption of targeted sequencing. The genomics sector has seen considerable advancement through the progress of next-generation sequencing (NGS) technologies. Key factors driving market expansion include the implementation of genomics programs in various countries, the development of targeted sequencing-based diagnostic solutions, and robust government support.

Challenges:
The growth of the targeted sequencing market may be hindered by ethical and legal concerns, alongside a shortage of skilled professionals with the expertise necessary to interpret sequencing data effectively. Additionally, the vast amounts of data generated by sequencing and the complexities involved in its interpretation present substantial challenges for the global NGS industry.

Regional Trends:
The targeted sequencing market in North America is expected to capture a significant share of the global revenue and is projected to grow at a strong compound annual growth rate (CAGR) over the forecast period. This growth is driven by the presence of numerous clinical laboratories offering genetic testing services based on NGS. Furthermore, significant investments in research and development (R&D) and the availability of an advanced healthcare research infrastructure are expected to bolster the development of whole genome sequencing (WGS) and further contribute to market expansion in North America.

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Recent Developments:
• In September 2022, The NovaSeq X Series (NovaSeq X and NovaSeq X Plus), new production-scale next-generation sequencers, were introduced by Illumina Inc. These will aid in enabling quicker, more potent, and more sustainable sequencing.

Segmentation of Targeted Sequencing Market-
By Product Type-
• Instruments
• Kits/Panels and Assays
• Services
• 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 Solid Tumor
o Liquid Biopsy
o Minimal Residual Disease Testing
o Circulating Tumor Cell (CTC) Analysis
• Infectious Diseases
• Cardiovascular Diseases
• Reproductive Health
o Carrier Screening
o Non-Invasive Prenatal Testing
o Preimplantation Genetic Diagnosis (PGD)
o Newborn Screening
• Rare Diseases
• Neurological Disorders
• Hereditary Diseases
• Other Applications
By End-User-
• Diagnostic and Clinical Laboratories
• Academic and Research Institutions
• Pharmaceutical and Biotech Companies
• 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

Read Overview Report- https://www.insightaceanalytic.com/report/targeted-sequencing-market/1658

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This release was published on openPR.