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What Is the Forecast for the Sanger Sequencing Market from 2024 to 2025?
In the past few years, the Sanger sequencing market has expanded significantly. The market, valued at $2.75 billion in 2024, is projected to reach $3.3 billion in 2025, indicating a compound annual growth rate (CAGR) of 19.8%. The historic rise can be credited to a surge in research requirements, escalated medical diagnostics, enhanced pharmaceutical progression, expanded agricultural utilizations, heightened forensic analysis, escalating biomarker discovery, and rising genetic evolution investigations.
What Is the Projected Market Size of the Sanger Sequencing Market?
In the forthcoming years, the Sanger sequencing market’s scale is projected to experience swift expansion. The market is predicted to surge to a worth of $6.17 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 16.9%. The significant growth throughout the forecast period is ascribed to the rise of clinical genomic integration, the augmentation of agricultural genomics, advancements in drug safety and pharmacogenomics, the escalation in prenatal and newborn screenings, as well as the increase in environmental DNA analysis. Noteworthy trends during the forecast period encompass technological evolution, intensified demand for next-generation sequencing, swelling applications in clinical diagnostics, heightening investments in genomics research, and growing adoption in precision medicine.
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Who are the Major Competitors in the Sanger Sequencing Market Outlook?
Major companies operating in the sanger sequencing market report are Hoffmann-La Roche, Thermo Fisher Scientific Inc., Merck KGaA, Eurofins Scientific, Illumina Inc., Beckman Coulter, PerkinElmer Inc., BGI Group, LGC Limited, GenScript, Oxford Nanopore Technologies, Pacific Biosciences of California Inc., Macrogen Inc., GENEWIZ Inc., Quintara Biosciences, CeMIA SA, Source BioScience, Microsynth AG, Fasteris SA, GenHunter Corporation, Nucleics Pty. Ltd., SciGenom Labs Pvt. Ltd., StarSEQ GmbH, GATC Biotech AG, Agilent Technologies
What Is Fueling Growth in the Sanger Sequencing Market?
The surge in genetic disorders is predicted to boost the expansion of the sanger sequencing market in the future. Genetic disorders are health conditions resulting from abnormalities or changes in a person’s DNA, which is the hereditary matter that transmits genetic data. Sanger sequencing is utilized to diagnose genetic ailments by identifying the precise sequence of nucleotides, the foundational units of DNA, in a specific gene or DNA region. For example, in August 2024, the National Health Service, a UK public healthcare system, reports that nearly 2,300 individuals in the UK are living with thalassaemia as of 2024. Of these, about 800 suffer from the severe form of the disease requiring regular blood transfusions. Consequently, the increase in genetic disorders is propelling the expansion of the sanger sequencing market.
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Which Sanger Sequencing Market Segments Are Growing the Fastest?
The sanger sequencing market covered in this report is segmented –
1) By Sequencing: Shotgun Sequencing, Targeted Gene Sequencing, Other Sequencing
2) By Laboratory: Wet Labs, Dry Labs
3) By Research: In-House, Outsourced
4) By Application: Diagnostics, Biomarkers and Cancer, Reproductive Health, Personalized Medicine, Forensics, Other Applications
5) By End User: Academic, Government Research Institutes, Pharmaceutical Companies, Biotechnology Companies, Hospitals, Clinics
Subsegments:
1) By Shotgun Sequencing: Whole Genome Shotgun Sequencing, Metagenomic Shotgun Sequencing
2) By Targeted Gene Sequencing: Amplicon Sequencing, Exome Sequencing
3) By Other Sequencing: Nested PCR Sequencing, Sequencing By Synthesis (SBS)
Which Industry Trends Are Shaping the Future of the Sanger Sequencing Market?
Leading corporations in the Sanger sequencing market are concentrating on enhancing the presence of genomic laboratories in the northern region of the UK in order to deliver quicker Sanger sequencing services. Genomic labs are specialized centers that perform genetic testing and analysis, studying gene and genome structure, function, and inheritance, often for diagnosis, research, and personalized medicine purposes. For example, in June 2023, Source Genomics, a UK company specializing in genomic services, announced the expansion of their genomic laboratory in the north of the UK. This move will increase their Sanger sequencing service capacity and expedite data delivery turnaround times. The extension of lab operations in the northern areas signifies a significant step forward in ensuring fair access to genomic services for research entities across the country. This geographical expansion will bring superior Sanger sequencing services to customers nationwide, with faster turnaround times.
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Which Countries Are Leading the Sanger Sequencing Market?
North America was the largest region in the sanger sequencing market in 2024. The regions covered in the sanger sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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This Report Delivers Insight On:
1. How big is the sanger sequencing market, and how is it changing globally?
2. Who are the major companies in the sanger sequencing market, and how are they performing?
3. What are the key opportunities and risks in the sanger sequencing market right now?
4. Which products or customer segments are growing the most in the sanger sequencing market?
5. What factors are helping or slowing down the growth of the sanger sequencing market?
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