PUBLISHER: Lucintel | PRODUCT CODE: 1455958
PUBLISHER: Lucintel | PRODUCT CODE: 1455958
Sequencing Kit Trends and Forecast
The future of the global sequencing kit market looks promising with opportunities in the pharmaceutical & biotechnology, hospital & diagnostic laboratory, and academic & research institute markets. The global sequencing kit market is expected to reach an estimated $20.8 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are rising healthcare costs, increased financing for research, the rise in genome mapping initiatives, as well as, increasing prevalence of cancer and genetic problems.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Sequencing Kit by Segment
The study includes a forecast for the global sequencing kit by type, technology, application, end use, and region.
List of Sequencing Kit Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sequencing kit companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sequencing kit companies profiled in this report include-
Sequencing Kit Market Insights
Lucintel forecasts that nucleic acid extraction & amplification will remain the largest segment over the forecast period due to expanding usage of sequencing-based R&D across a range of end users, including academic institutions, research centers, and pharmaceutical and biotechnology corporations.
North America is expected to witness highest growth over the forecast period due to increased rates of cancer in the area, the need for precision medicine, large R&D expenditures, an increase in drug development efforts, and a number of government programs supporting sequencing studies.
Features of the Global Sequencing Kit Market
Market Size Estimates: Sequencing kit market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sequencing kit market size by type, technology, application, end use, and region in terms of value ($B).
Regional Analysis: Sequencing kit market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, technology, application, end use, and regions for the sequencing kit market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sequencing kit market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the sequencing kit market size?
Answer: The global sequencing kit market is expected to reach an estimated $20.8 billion by 2030.
Q2. What is the growth forecast for sequencing kit market?
Answer: The global sequencing kit market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the sequencing kit market?
Answer: The major drivers for this market are rising healthcare costs, increased financing for research, the rise in genome mapping initiatives, as well as, increasing prevalence of cancer and genetic problems.
Q4. What are the major segments for sequencing kit market?
Answer: The future of the global sequencing kit market looks promising with opportunities in the pharmaceutical & biotechnology, hospital & diagnostic laboratory, and academic & research institute markets.
Q5. Who are the key sequencing kit market companies?
Answer: Some of the key sequencing kit companies are as follows:
Q6. Which sequencing kit market segment will be the largest in future?
Answer: Lucintel forecasts that nucleic acid extraction & amplification will remain the largest segment over the forecast period due to expanding usage of sequencing-based R&D across a range of end users, including academic institutions, research centers, and pharmaceutical and biotechnology corporations.
Q7. In sequencing kit market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to increased rates of cancer in the area, the need for precision medicine, large R&D expenditures, an increase in drug development efforts, and a number of government programs supporting sequencing studies.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.