Discover trends, market shifts, and competitive outlooks for the sequencing consumables industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Has The Sequencing Consumables Market Size Shifted, And What Is the Outlook Through 2034?

The market size for sequencing consumables has seen substantial growth recently. Predictions indicate an increase from $9.79 billion in 2024 to $12.44 billion in 2025, reflecting a compound annual growth rate (CAGR) of 27.1%. The considerable growth during the historical period is due to factors such as an increase in drug development actions, higher instances of genetic disorders and target diseases, an upshot in the usage of miniaturized portable devices, elevated usage of biomarker profiling, a solid demand for customized medicine, and an uptick in cancer patient numbers.

In the coming years, the market size for sequencing consumables is set to experience tremendous growth, enlarging to a value of $32.12 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 26.8%. This projected growth in the forecast period is due to a surge in demand for swift and precise disease diagnosis, an increasing adoption rate of real-time polymerase chain reaction, rising demand for quick and localised diagnostic testing, an escalation in infectious disease incidents, and companion diagnostics demand. Prominent trends predicted for the forecast period include advancements in disease detection and monitoring, drug discovery innovations, progression in target validation, identifying biomarkers, cutting-edge DNA sequencing technologies, diagnostic testing enhancements, next-generation sequencing (NGS), lab-on-chip platforms, and the creation of advanced molecular diagnostic solutions.

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What Are the Core Market Drivers Propelling Growth in the Sequencing Consumables Industry?

The growth trajectory of the sequencing consumables market is projected to skyrocket owing to the increasing occurrence of genetic conditions. Genetic diseases, deformities resulting from genetic or DNA abnormalities often passed down from parents, are becoming more and more common. This can be attributed to heightened awareness, enhanced diagnostic procedures, and shifting environmental factors. Sequencing consumables play a significant role in genetic disease management by facilitating DNA extraction, library setup, sequencing, and genetic variant analysis associated with disease. Evidence of this is seen in April 2024 data from the Centers for Disease Control and Prevention. The US government agency reports that approximately 6,000 newborns in the country are diagnosed with Down syndrome annually, a statistic that translates to roughly 1 in every 700 babies. Consequently, the escalating prevalence of genetic diseases acts as a key propellant for the expansion of the sequencing consumables market.

Which Key Market Segments Comprise the Sequencing Consumables Market and Drive Its Revenue Growth?

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 Regions Are Driving the Next Phase of the Sequencing Consumables Market Growth?

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.

What Long-Term Trends Are Transforming the Competitive Landscape of the Sequencing Consumables Market?

Leading firms in the sequencing consumables market are concentrating on developing novel solutions such as human whole-genome sequencing (WGS) assays to boost precision, efficiency, and velocity in genomic evaluation. Human whole-genome sequencing (WGS) assays facilitate a thorough scrutiny of a person’s total genome, encompassing all their DNA, to pinpoint genetic variants, mutations, and biomarkers associated with wellbeing, susceptibility to diseases, and response to treatment. To exemplify, in March 2023, Illumina Inc., a biotechnology firm based in the US, introduced Illumina Complete Long Read Prep- Human, a high-yielding, long-read, human whole-genome sequencing (WGS) assay. Compatible with Illumina NovaSeq X Plus, NovaSeq X, and NovaSeq 6000 Sequencing Systems, the Illumina Complete Long Read Prep, Human enables first-time access to both long- and short-read data on a single Illumina instrument. This new addition streamlines workflows and significantly cuts back on DNA input requirements compared to other long-read alternatives.

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How Is the Sequencing Consumables Market Conceptually Defined?

Sequencing consumables refer to the various reagents, kits, and materials used during the DNA or RNA sequencing. These consumables are essential for preparing, amplifying, and analyzing genetic samples in sequencing workflows. Sequencing consumables are designed to work with specific sequencing platforms and technologies, ensuring genomic data generation’s accuracy, efficiency, and reliability.

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