Sanger vs Third‑Gen Sequencing Reagents – North American Trends 2028
The North America sequencing reagents market is expected to reach US$ 5,464.95 million by 2028 from US$ 2,353.66 million in 2021; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028.
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Sequencing Reagents: Fueling Genomic Advancement and Clinical Integration
Sequencing reagents are crucial co... moreSanger vs Third‑Gen Sequencing Reagents – North American Trends 2028
The North America sequencing reagents market is expected to reach US$ 5,464.95 million by 2028 from US$ 2,353.66 million in 2021; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028.
Get a sample PDF of the report – https://www.businessmarketinsights.com/sample/TIPRE00022812?utm_source=Blog&utm_medium=10640
Sequencing Reagents: Fueling Genomic Advancement and Clinical Integration
Sequencing reagents are crucial components in the sequencing process, with their application directly influenced by the desired outcome. These reagents are not only vital for sequencing reactions themselves but also find use in a variety of other applications.
The market for sequencing reagents is experiencing significant growth, driven by key factors like increased funding for research and the decreasing cost of sequencing procedures. However, a shortage of skilled professionals poses a challenge to this growth.
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Driving Forces: Clinical Adoption and Funding
A major impetus for the sequencing reagent market is the growing adoption of sequencing in clinical practice. Over the next five years, it's projected that genomic data from more than 60 million patients will be generated within healthcare systems. This rapid transition of genomic sequencing into clinical settings is backed by substantial government investments, with over US$4 billion committed across at least 14 countries. These national genomic medicine initiatives are fostering transformative changes in real-world scenarios, while simultaneously addressing implementation hurdles and gathering evidence to support broader adoption. This momentum directly contributes to the expansion of the sequencing reagent market. Furthermore, sustained funding from both manufacturers and governments in the genomics field is expected to bolster market growth throughout the forecast period.
Declining Costs and Technological Advancements
The price of next-generation sequencing has fallen considerably in recent years. This notable decline in sequencing costs is attributed to advancements in genomics and the development of innovative sequencing methods and strategies, all of which are propelling market growth.
North America: A Hub for Growth and Pandemic Response
In North America, the United States has been significantly impacted by the COVID-19 pandemic, placing a considerable burden on its healthcare industry. In response, scientists are collaborating to generate and share genomic sequence data, applying this information to disease diagnosis and control efforts. The U.S. is actively enhancing its capacity to track novel coronavirus mutations through genomic sequencing, as experts caution that new variants are leading to increased cases and hospitalizations. The ability to sequence the genome plays a vital role in combating COVID-19 and its emerging variants. These developments are collectively boosting the growth of the sequencing reagents market in North America.
NORTH AMERICA SEQUENCING REAGENTS MARKET SEGMENTATION
By Technology
Next Generation Sequencing
Sanger Sequencing
Third Generation Sequencing
By Reagent Type
Control Kits
Library Kits
Template Kits
Sequencing Kits
Other Reagent Types
By Application
Agri genomics and Forensics
Clinical Investigation
Oncology
Reproductive Health
Other Applications
By End User
Hospitals and Clinics
Research Institutes
Pharmaceutical and Biotechnology Companies
Other End Users
By Country
US
Canada
Mexico
Company Profiles
Pacific Biosciences of California, Inc.
QIAGEN
Takara Bio Inc.
THERMO FISHER SCIENTIFIC INC.
TriLink BioTechnologies Inc
BGI
F. HOFFMANN-LA ROCHE LTD.
Illumina, Inc.
FLUIDIGM CORPORATION
LGC Biosearch Technologies
North America Sequencing Reagents Strategic Insights
Strategic insights for the North America Sequencing Reagents provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Sequencing Reagents Regional Insights
The geographic scope of the North America Sequencing Reagents refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
