Global Nanopore Technologies Market Size To Hit $680.87 Million By 2030: Allied Market Research

As per the report published by Allied Market Research, the global Nanopore Technologies Market was pegged at $174.38 million in 2020, and is expected to reach $680.87 million by 2030, growing at a CAGR of 14.4% from 2021 to 2030.

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Rise in R&D on nanopore technologies, advent of internet of things, and increase in demand for DNA sequencing have boosted the growth of the global nanopore technologies market. Moreover, increase in use of epigenetics for development of new treatment methods supplemented the market growth. On the contrary, difficulty in maintaining integration of nucleotide bases hinders the market growth. However, rise in use of nanopore technologies for fourth-generation DNA sequencing is expected to open lucrative opportunities for the market players in the coming years.

Based on product, the report is divided into instrument and consumables. The consumables segment held the lion's share in 2020, accounting for nearly three-fifths of the market. In addition, the segment is projected to manifest the highest CAGR of 15.0% from 2021 to 2030.

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On the basis of application, the report is classified into DNA sequencing and RNA sequencing. The DNA sequencing segment is expected to register the highest CAGR of 14.8% during the forecast period. Moreover, the segment dominated the market in 2020, contributing to nearly three-fourths of the market.

Based on end user, the report is segmented into hospitals & clinics, research institutes, and others. The hospitals & clinics segment is anticipated to showcase the highest CAGR of 15.3% during the forecast period. However, the research institutes segment held the largest share in 2020, accounting for more than two-fifths of the market.

The global nanopore technologies market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, accounting for more than two-fifths of the market. However, the market across Asia-Pacific is anticipated to portray the highest CAGR of 16.1% during the forecast period.

The global nanopore technologies market includes an in-depth analysis of the prime market players such as Cyclomics, Grandomics, Electronic Biosciences, Inc., Qitan Technology, INanoBio Inc., Nabsys, Inc., Quantapore, Inc., ONTERA, Inc., Nonacus, Inc., and Oxford Nanopore Technologies.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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