The Sanger Sequencing Services Market is expected to grow at a CAGR of 6.5% during the forecast period , according to latest analysis by Emergen Research.
The Sanger Sequencing Services Market is expected to grow at a CAGR of 6.5% during the forecast period , according to latest analysis by Emergen Research. The growth of this market is attributed to the increasing demand for personalized medicine and drug discovery, and government initiatives for genomic research. However, the high cost of sequencing services is hindering the growth of this market.
Sanger sequencing services is a DNA sequencing method that uses traditional capillary electrophoresis. It is also known as chain termination sequencing or the dideoxy method. This method was developed by Frederick Sanger in 1977 and has become the most widely used DNA sequencing method. Several companies offer Sanger sequencing services for various applications, such as target sequence confirmation, de novo sequencing, RNA-Seq, and whole-genome sequencing.
Increasing advancements in molecular biology research and drug discovery and development activities are projected to drive the growth of the sanger sequencing services market during the forecast period. Sanger sequencing services provide a broad range of services for genomic research, drug discovery, and development. These services enable users to obtain highly accurate and reliable information about genes, genomes, DNA markers, mutations, and much more. In addition, sanger sequencing services are being increasingly used in the field of clinical microbiology for pathogen detection and identification purposes.
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Top companies have been successful in providing solutions to the sequencing services market at a reduced cost and improved quality. In addition, they are also expected to offer new products and services that cater to the specific needs of their customers.
Some Key Highlights from the Report
- Key companies in the market include Source BioScience, GenScript Biotech Corporation, Thermo Fisher Scientific, Inc., LGC Science Group Limited, Fasteris SA, ceMIA SA, Quintara Biosciences, GenHunter Corporation, GENEWIZ, Inc., Nucleics, SciGenom Labs Pvt. Ltd.,and Microsynth A.G. Inc.
- Based on application, the market is divided into target sequence confirmation, de novo sequencing, RNA-Seq, whole-genome sequencing, and others. The target sequence confirmation segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the need for target sequence confirmation in various applications, such as drug discovery, cancer research, and genomics.
- Based on end user, the market is classified into academic & government institutes, pharmaceutical & biotechnology companies, and contract research organizations. The academic & government institutes segment is estimated to grow at the highest CAGR during the forecast period. This growth is attributed to the support from government bodies for genomic research and the increasing demand for Sanger sequencing services in academic institutes for various applications, such as target sequence confirmation, de novo sequencing, RNA-Seq, and whole-genome sequencing.
- Biomarkers and cancer segment is expected to account for largest revenue share over the forecast period owing to increasing demand for NGS services to diagnose cancer. Besides this, growing investments in oncology research is another major factor driving the demand for Sanger sequencing services market. Increasing prevalence of infectious diseases across the globe is expected to support growth of the target market over the forecast period
- Pharmaceutical and biotechnology segment revenue to expand at a rapid revenue CAGR over the forecast period owing to increasing application of Sanger sequencing services in target segment. Increasing demand for personalized medicine and drug development activities is expected to drive growth of the global market over the next 10 years.
- Geographically, the global Sanger sequencing services market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest share of the market in 2020. The large share of this region can be attributed to the well-established healthcare infrastructure, government initiatives for genomic research, and the presence of key market players in this region.
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For the purpose of this report, Emergen Research has segmented the global Sanger sequencing services market on the basis of application, end-use, and region:
Application Outlook (Revenue, USD Billion; 2018-2028)
- Diagnostics
- Biomarkers & Cancer
- Reproductive Health
- Personalized Medicine
- Forensics
- Others
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
- Hospitals & Clinics
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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