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How has the sequencing reagents market size evolved in recent years?

In recent years, the market size of sequencing reagents has seen swift growth. The market is projected to expand from $10.45 billion in 2024 to $12.21 billion in 2025, marking a compound annual growth rate (CAGR) of 16.9%. Factors contributing to the growth during the historic period include the increased use of sequencing in drug discovery and development, government initiatives geared towards promoting genomics research, a rise in the application of sequencing in clinical diagnostics, a heightened incidence of genetic disorders, and the development of precision medicine initiatives.

What are the predictions for the sequencing reagents market size in the coming years?

The sequencing reagents market size is expected to see rapid growth in the next few years. It will grow to $22.5 billion in 2029 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to a rise in cancer genomics research and precision oncology, growth of bioinformatics tools and software for data analysis, rising investments in genomics research and healthcare infrastructure, growing demand for personalized medicine, expanding applications of sequencing in agriculture and livestock. Major trends in the forecast period include the development of portable and benchtop sequencing platforms, integration of sequencing with other omics technologies, development of novel sequencing reagents for epigenetic analysis, advancements in sequencing technologies, and increasing investments in research and development for novel sequencing technologies and reagents.

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What key factors are fueling the growth of the sequencing reagents market?

The growth of the sequencing reagents market is anticipated to be fuelled by the escalating need for and improvement in personalized medicine. Defined as precision medicine, it is a modern method of medical treatment that customizes healthcare choices and interventions based on every patient’s unique aspects. The increasing necessity for personalized medicine is driven by the progression in genomics and molecular diagnostics, which facilitate tailored treatments grounded in individual genetic configurations and disease traits. Sequencing reagents play an instrumental part in personalized medicine by permitting the exact examination of personal genetic data for customized diagnostic and therapeutic interventions. For instance, in February 2024, the Personalized Medicine Coalition (PMC), a non-profit organization in the U.S., reported that personalized medicines accounted for over a third of fresh U.S. Food and Drug Administration (FDA) drug approvals for the fourth consecutive year in 2023. Moreover, in 2023, the FDA sanctioned 16 new personalized therapies for patients with rare diseases, increasing from six in 2022. As a result, the increasing necessity and development of personalized medicine will bolster the sequencing reagents market.

How is the global sequencing reagents market divided into key segments?

The sequencing reagents market covered in this report is segmented –

1) By Type: Library Kits, Template Kits, Control Kits, Sequencing Kits, Other Types

2) By Technology: Sanger Sequencing, Next Generation Sequencing, Third Generation Sequencing

3) By Application: Oncology, Reproductive Health, Clinical Investigation, Agrigenomics And Forensics, Other Applications

4) By Industry Verticals: Research Institutes, Hospitals and Clinics, Pharmaceutical And Biotechnology Companies, Other Industry Verticals

Subsegments:

1) By Library Kits: Dna Library Kits, Rna Library Kits, Whole Genome Library Kits, Targeted Sequencing Library Kits, Amplicon Library Kits

2) By Template Kits: Dna Template Kits, Rna Template Kits, Cdna Template Kits, Single-Cell Rna Template Kits

3) By Control Kits: Positive Control Kits, Negative Control Kits, Internal Control Kits, Quality Control Kits

4) By Sequencing Kits: Next-Generation Sequencing (Ngs) Kits, Whole Genome Sequencing Kits, Targeted Sequencing Kits, Exome Sequencing Kits, Rna Sequencing Kits

5) By Other Types: Pcr Reagents And Kits, Cloning Kits, Multiplexing Kits, Sanger Sequencing Reagents

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Which leading companies are shaping the growth of the sequencing reagents market?

Major companies operating in the sequencing reagents market are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Agilent Technologies Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., BGI Group, Beckman Coulter Inc., Hamilton Company, GenScript Biotech Corporation, Promega Corporation, Integrated DNA Technologies (IDT), BioLegend, Twist Bioscience, Diagenode, Covaris Inc., Oxford Nanopore Technologies plc, Biotage, Takara Bio Inc., New England Biolabs (NEB), Pacific Biosciences of California Inc., Zymo Research, Lucigen Corporation, Norgen Biotek Corp., Lexogen GmbH, Daicel Arbor Biosciences, Swift Biosciences Inc.

What are the key trends shaping the future of the sequencing reagents market?

Main companies involved in the sequencing reagents market are making strides in innovative technology development, in particular the Illumina Complete Long Read technology, as a strategy to attain competitive advantage in the industry. This progressive sequencing technology merges the precision and productivity of short-read sequencing, with the sweeping coverage and capacity to cover intricate genomic segments furnished by long-read sequencing. For instance, Illumina Inc., a bio-tech company based in the US, introduced the Illumina Complete Long Read Prep, Human in March 2023. This efficient, long-read, human whole-genome sequencing (WGS) test is attuned with Illumina NovaSeq X Plus, NovaSeq X, and NovaSeq 6000 Sequencing Systems. Illumina’s Complete Long Read Prep for Humans offers an exhaustive procedure for Long Read sequencing of the human genome on Illumina apparatuses, encompassing sample processing, assembly of the library, and the sequencing itself. This facilitates researchers in producing lengthy sequencing reads for intricate genomic analyses, such as identifying structural variations and complex genomic regions.

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Which regions are most influential in expanding the sequencing reagents market?

North America was the largest region in the sequencing reagents market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sequencing reagents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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