Nanopore Sequencing Market to Grow at a Robust Rate of 15.29% during the Forecast Period
Advancing
biotechnological research is driving the growth in Global Nanopore Sequencing
Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Nanopore
Sequencing Market By Product (Consumables v/s Instruments), By Nucleotide
Sequenced (DNA v/s 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,
Competition Forecast & Opportunities, 2026”, the
global nanopore sequencing market stood at USD236.91
million in 2020 and is expected to grow at a robust rate of 15.29% during the
forecast period on account of the widespread use of nanopore sequencing
technology across various end user industry including healthcare, agriculture,
food & water surveillance, among others.
Additionally, growing
prevalence of rare diseases, diseases such as cancer, genetic disorders, among
others has elevated increased the demand for different sequencing technologies
especially the long-read sequencing technologies thereby fueling the market
growth over the next few years. Also, the sudden outbreak and spread of
pandemic COVID-19 across the globe witnessed the use of nanopore sequencing
technology for the sequencing of coronavirus genome. This in turn is expected
to positively influence the market growth through 2026. However, lack of
awareness pertaining to nanopore sequencing is expected to restrict the market
growth during the forecast period. Also, the availability of different
sequencing technologies such as next generation sequencing and other long read
sequencing technologies such as
Single-Molecule Real-Time Sequencing (SMRT) can further slowdown the market
growth.
Browse over 210
market data Figures spread through 110 Pages
and an in-depth TOC on "Global Nanopore Sequencing Market"
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The global nanopore
sequencing market is segmented by product, nucleotide sequenced, type, type of
nanopore, application, end user, competitional landscape, and regional
distribution. Based on nucleotide sequenced, the market is divided between DNA
and RNA. The DNA segment dominated the market in 2020 with a share of around
59.23%. This can be ascribed to the widespread use of nanopore sequencing in
DNA sequencing especially human genome. However, the demand for RNA sequencing
is also expected to increase significantly on account of the extensive use of RNA
sequencing in viral RNA sequencing. The use of nanopore sequencing in
coronavirus genome sequencing is expected to support the segmental growth.
Major players operating
in the global nanopore sequencing market include Oxford Nanopore Technologies
Ltd, Illumnia, Inc., F Hoffmann-La Roche AG, 10X Genomics, Inc., Agilent
Technologies Inc., NabSys, Inc., Sequenom, Inc., Quantapore, Inc, INanoBio Inc,
Thermo Fischer Scientific, Inc., Cyclomics BV, CD Genomics, Electronic
Biosciences, Inc., Easi-Genomics, among others. The players operating in the
market are following strategies such as mergers & acquisitions, new
product/technology development and launches in order to stay competitive in the
market and having an edge over the competitors. For instance, in 2018, Illumina
announced the acquisition of Pacific Biosciences. This acquisition led to the
combination of both short-read and long-read sequencing technologies
combination under a single platform. With this acquisition, Illumina will bring
forth the best of both the sequencing technologies by providing integrated
workflows. This will further help the company in gaining the attention of
researchers looking for detailed genomic information.
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“North America is expected to dominate
the overall nanopore sequencing technologies market during the forecast period
on account of presence of major players operating in the industry such as
Illumina, Roche, Agilent Technologies, among others in the region.
Additionally, early adoption of technologies and higher R&D spending in the
region is further expected to support the market growth. However, Europe will
register the fastest growth owing to the growing popularity of the sequencing
technology across different countries such as United Kingdom, Russia, Germany,
Turkey, among others. Also, Oxford Nanopore Technologies is rapidly expanding
its base across different countries in the region,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based Global
management consulting firm.
“Global Nanopore Sequencing Market By Product (Consumables v/s
Instruments), By Nucleotide Sequenced (DNA v/s 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, Competition Forecast & Opportunities, 2026”, has evaluated the
future growth potential of global nanopore sequencing 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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