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 2034”
The global targeted sequencing market is estimated to reach over USD 14.7 billion by 2034, exhibiting a CAGR of 14.4% during the forecast period.
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A technique for identifying the precise arrangement of nucleotides within a DNA molecule is known as next-generation sequencing. Using next-generation sequencing, which generates one million DNA and RNA sequences, quick sequencing is conceivable. Next-generation sequencing is done at high throughput. The entire genome’s nucleotide sequence can be determined via next-generation sequencing.
Governmental organizations are also sequencing millions of genomes in an effort to progress science and discover fresh approaches to the diagnosis and treatment of illnesses like cancer, uncommon disorders, and other maladies. Furthermore, in 2019, Agilent Technologies, Inc., an American analytical development and production business, introduced the Magnis NGS Prep System, a next generation sequencing library preparation machine designed to execute complex sequencing tests with the push of a button.
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)
- (Integrated DNA Technologies, Inc.)
- Hoffmann-La Roche Ltd
- Illumina, Inc.
- LGC Limited (LGC Biosearch Technologies)
- PerkinElmer Inc.
- Psomagen
- QIAGEN N.V.
- Takara Bio Inc.
- Tecan Trading AG
- Thermo Fisher Scientific Inc.
- Twist Bioscience
Market Dynamics:
Drivers-
As targeting sequence allows for the sequencing of vast amounts of DNA in a single run, making disease diagnosis and research easier, targeted sequencing has emerged as the industry leader. This is due to the augmented demand for affordable, speedy, and accurate DNA sequencing data interpretation. The genomics field has greatly benefited from the use of next-generation sequencing. The implementation of genomics programs in a number of countries is anticipated to assist the next-generation sequencing market. The developments of diagnostics based on targeted sequencing as well as active government support, are significant market growth factors.
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Challenges:
Targeted sequencing ethical and legal constraints and a shortage of professionals with the requisite capabilities will limit the market growth. The huge amounts of data generated by sequencing and its interpretation, however, provide considerable challenges for the global next-generation sequencing sector.
Regional Trends:
The North America Targeted Sequencing Market is expected to register a major market share in terms of revenue and is projected to raise at a high CAGR in the near future. The regional market is being driven by a large number of clinical laboratories that provide genetic testing services using NGS. Due to considerable R&D expenditure and the availability of a technologically advanced healthcare research framework, the region’s WGS development is also estimated to play a key influence in the market expansion in North America throughout the projected time.
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.
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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
- Targeted Methyl Sequencing
- Targeted RNA Sequencing
- Targeted Metagenomic Sequencing
- Other Types of Target Capture
By Application-
- Oncology
- Solid Tumor
- Liquid Biopsy
- Minimal Residual Disease Testing
- Circulating Tumor Cell (CTC) Analysis
- Infectious Diseases
- Cardiovascular Diseases
- Reproductive Health
- Carrier Screening
- Non-Invasive Prenatal Testing
- Preimplantation Genetic Diagnosis (PGD)
- 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
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