Unlocking Opportunities in the Sequencing Consumables Market: Key Trends, Market Growth, and Forecast Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theSequencing Consumables Market?
The growing rate of genetic disorders is set to accelerate the sequencing consumables market. Genetic diseases are increasingly identified due to better diagnostics and rising awareness. Sequencing consumables are vital in analyzing DNA to detect genetic variations. For instance, the CDC reported in April 2024 that around 6,000 U.S. babies are born annually with Down syndrome. Hence, increased prevalence of genetic conditions is pushing the sequencing consumables market.
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#What Long-Term Growth Rate is Expected for theSequencing Consumables Market Between 2025 and 2034?
The sequencing consumables market has shown exponential growth in recent years. It is expected to rise from $9.79 billion in 2024 to $12.44 billion in 2025, at a compound annual growth rate (CAGR) of 27.1%. This growth is driven by the increase in drug development activities, the rising prevalence of genetic disorders and target diseases, the use of miniaturized portable instruments, high biomarker profiling demand, the growing demand for personalized medicine, and an increase in cancer patients.
The sequencing consumables market size is expected to reach $32.12 billion by 2029, growing at a CAGR of 26.8%. Growth factors include the demand for rapid and accurate disease diagnosis, real-time PCR adoption, increased on-site diagnostic testing, infectious disease outbreaks, and companion diagnostics demand. Key trends include advanced disease detection, drug discovery innovations, DNA sequencing advancements, and lab-on-a-chip platform development.
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What Key Market Trends and Innovations Are Shaping the Future of theSequencing Consumables Industry?
Major companies operating in the sequencing consumables market are focused on developing solutions like human whole-genome sequencing (WGS) assays to improve genomic analysis efficiency and accuracy. Human WGS assays comprehensively analyze an individual’s entire genome to identify genetic variations and biomarkers. In March 2023, Illumina Inc., a US-based biotechnology company, launched the Illumina Complete Long Read Prep- Human, a long-read WGS assay compatible with Illumina NovaSeq X Plus, NovaSeq X, and NovaSeq 6000 Sequencing Systems. This technology allows access to both long- and short-read data on a single platform, simplifying workflows and reducing DNA input requirements compared to other long-read options.
Which Companies Are Leading the Charge in Expanding theSequencing Consumables Market Growth?
Major companies operating in the sequencing consumables market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Merck KGaA, Becton, Dickinson and Company, Agilent Technologies Inc., Illumina Inc., PerkinElmer Inc., bioMérieux SA, Beckman Coulter Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Tecan Group AG, BGI Genomics Co Ltd., Promega Corporation, Abcam Limited, Integrated DNA Technologies Inc., Takara Bio Inc., Oxford Nanopore Technologies plc, Pacific Biosciences of California Inc., Analytik Jena GmbH, Standard BioTools Inc., LGC Biosearch Technologies Inc., Biocartis SA, Apex Biotechnology Corp., Lexogen GmbH
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How is the Global Sequencing Consumables Market Segemented?
The sequencing consumables market covered in this report is segmented –
1) By Product: Kits, Reagents, Accessories
2) By Platform: 1st Generation Sequencing Consumables, 2nd Generation Sequencing Consumables, 3rd Generation Sequencing Consumables
3) By Application: Cancer Diagnostics, Infectious Disease Diagnostics, Reproductive Health Diagnostics, Pharmacogenomics, Agrigenomics, Others Application
4) By End-Use: Pharmaceutical And Biotechnology Companies, Hospitals And Laboratories, Academic Research Institutes, Other End-Uses
Subsegments:
1) By Kits: Library Preparation Kits, DNA Or RNA Amplification Kits, Sequencing Kits
2) By Reagents: PCR Reagents, DNA Or RNA Reagents, Enzymes
3) By Accessories: Sequencing Chips, Primers And Probes, Sample Preparation Tools
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Which Geographics are Influencing the Growth of the Sequencing Consumables Market?
North America was the largest region in the sequencing consumables market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sequencing consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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