Press Release

Nanopore Sequencing Market to Grow with a CAGR of 18.07% Globally through 2029

Surge in research and development activities is expected to drive the Global Nanopore Sequencing Market growth in the forecast period, 2025-2029.

According to TechSci Research report, “Nanopore Sequencing Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Nanopore Sequencing Market stood at USD 330.59 million in 2023 and is anticipated to grow with a CAGR of 18.07% in the forecast period, 2024-2029. Initiatives taken by government based on nanopore sequencing has led to favorable market conditions for the Global Nanopore Sequencing Market. Several factors contribute to the growth of various nanopore sequencing products.

The National Institutes of Health (NIH) in the United States has recently awarded grants to support research focused on the advancement and utilization of nanopore technology in DNA sequencing. These grants aim to drive innovation and foster breakthroughs in the field, with the ultimate goal of achieving even greater accuracy and efficiency in DNA sequencing methodologies.

In a parallel effort, the National Institute of Standards and Technology (NIST) has put forth a pioneering proposal for fast and highly precise DNA sequencing using nanopore technology. The proposal builds upon the remarkable performance of this cutting-edge technology, showcasing an impressive 90% accuracy rate without any false positives. This breakthrough paves the way for more reliable and robust DNA sequencing techniques, revolutionizing the field of genomics and opening up new possibilities for scientific discoveries and advancements in various domains.


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Genomic research plays a critical role in numerous scientific disciplines, such as medicine, biology, and pharmaceuticals. It involves the study of an organism's complete set of DNA, including all of its genes and genetic material. The demand for detailed and accurate genomic information has grown exponentially in recent years, driven by advancements in technology and the increasing understanding of the role that genes play in health and disease.

One significant driver of this demand is the field of precision medicine. Precision medicine aims to provide personalized treatment plans tailored to an individual's unique genetic makeup. By analyzing genomic data, doctors can gain insights into a patient's specific genetic variations and make more informed decisions about their treatment options. This personalized approach has the potential to revolutionize healthcare by improving patient outcomes and reducing adverse drug reactions.

As the demand for genomic information continues to rise, so does the need for advanced sequencing technologies. Nanopore sequencing, a cutting-edge technique, has gained significant attention in the field of genomics. It offers several advantages, such as real-time sequencing and the ability to directly detect modifications in DNA. The increased investment in genomic research has directly propelled the growth of the nanopore sequencing market, as scientists and researchers strive to unlock the full potential of genomics.

The Global Nanopore Sequencing Market is segmented into product, nucleotide sequenced, type, type of nanopore, application, end user, regional distribution, and company.

Based on its product, the consumables segment held the largest market share in the forecast period. Unlike instruments that are typically one-time purchases, consumables such as reagents, flow cells, and sequencing kits are recurring needs in the sequencing process. These consumables play a crucial role by providing the necessary materials and components required for each sequencing run. By regularly replenishing these consumables, researchers can ensure the consistent and reliable performance of their sequencing experiments, ultimately leading to accurate and meaningful results.

Based on region, Asia Pacific segment is expected to grow during the forecast period. 

In the Asia-Pacific region, there is a rapidly growing demand for nanopore sequencing, driven by its wide range of applications in both medical and non-medical fields. Nanopore sequencing stands out with its unique advantages, including real-time data analysis, the ability to generate long-read sequences, and cost-effectiveness, making it an ideal choice for various scientific endeavors. This groundbreaking technology proves particularly valuable in the study of complex diseases, facilitating the development of personalized medicines, as well as advancing environmental research and exploration. With its diverse applications and potential, nanopore sequencing is set to revolutionize the scientific landscape, opening new avenues for discovery and innovation.

Major companies operating in Global Nanopore Sequencing Market are:

  • Oxford Nanopore Technologies plc
  • Illumina, Inc
  • Agilent Technologies, Inc
  • Roche Sequencing Solutions, Inc. (F. Hoffmann-La Roche Ltd)
  • 10X Genomics Inc
  • Nabsys, Inc
  • Laboratory Corporation of America Holdings
  • Quantapore Inc
  • INanoBio Inc
  • Electronic BioSciences, Inc.


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“Growing application of nanopore sequencing in various end user industries are key drivers of the nanopore sequencing market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of nanopore sequencing with every passing year are anticipated to register an impressive grow to Global Nanopore Sequencing Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Global Nanopore Sequencing Market By Product (Consumables, Instruments), By Nucleotide Sequenced (DNA, RNA), By Type (Direct Current Sequencing, Synthetic DNA and Horizontal Tunnelling Current Sequencing, Optical Reading Techniques Sequencing, Exonuclease Sequencing), By Type of Nanopore (Solid State, Biological, Hybrid), By Application (Human Genetics, Clinical Research, Plant Research, Microbiology, Animal Research), By End User (Biotechnology Companies, Clinical Laboratories, Academic & Research Institutes) By Product (Consumables, Instruments), By Nucleotide Sequenced (DNA, RNA), By Type (Direct Current Sequencing, Synthetic DNA and Horizontal Tunnelling Current Sequencing, Optical Reading Techniques Sequencing, Exonuclease Sequencing), By Type of Nanopore (Solid State, Biological, Hybrid), By Application (Human Genetics, Clinical Research, Plant Research, Microbiology, Animal Research), By End User (Biotechnology Companies, Clinical Laboratories, Academic & Research Institutes), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated the future growth potential of Global Nanopore Sequencing Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Nanopore Sequencing Market.

 

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