Sanger Sequencing Services Market Growth Driven by Increasing Incidence of Cancer, Advancements in Sequencing Technologies and Rising Private Investments on Genomics Research, according to Emergen Research
Emergen Research has published its latest report titled “Sanger Sequencing Services Market by Application (Diagnostics, Biomarkers & Cancer, Reproductive Health, Personalized Medicine, Forensics, and Others), by End Use (Academic & Research Institutes, Pharmaceutical & Biotechnology Companies, Hospitals & Clinics), and By Region Forecast to 2028”
Market Dynamics:
The "chain termination method," often known as Sanger sequencing, is a method for determining the nucleotide sequence of deoxyribonucleic acid (DNA). The Sanger Sequence was discovered in 1977 by two-time Nobel Laureate Frederick Sanger with his collaborators. Sanger sequencing is cost-effective for low numbers of targets and is a good choice when sequencing single genes, analyzing short tandem repeats (STRs) and analyzing fragments. Increasing awareness regarding benefits of Sanger sequencing, rapid progress in genomics and proteomics, and increasing need for accurate diagnosis of genetic disorders are major factors expected to boost market revenue growth over the forecast period. In addition, advancements in sequencing data analytics, rising application in clinical diagnosis for efficient variant discovery, increasing government investments on development of new and effective drugs are other factors fuel market revenue growth over the forecast period.
However, regulatory concerns regarding diagnostic testing, growing popularity of next-generation sequencing (NGS) and lack of skilled professionals for sample analysis are factors that can restrain market revenue growth to a certain extent during the forecast period. Further, Sanger sequencing is expensive for sequencing higher number of targets, has low discovery power and can only sequence short pieces of DNA.
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COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Biomarkers & Cancer Segment Revenue to Expand at a Rapid CAGR:
Biomarkers & cancer segment is expected to register a rapid revenue CAGR over the forecast period attributed to increasing number of patients suffering from cancer, rapid progress of oncology research, increasing application of sanger sequencing for discovery of cancer biomarkers and rising demand for effective diagnostics and therapeutic procedures.
Pharmaceutical & Biotechnology Companies Segment to Register Significant Revenue Growth:
Pharmaceutical & biotechnology companies segment is expected to register significant revenue growth over the forecast period owing to rising government initiatives towards growth of genome mapping programs, wide scale usage of sanger sequencing for identification of genetic variations, increasing demand of medications due to COVID-19 pandemic, and growing trend of robotics, and artificial intelligence in research studies.
North America to Account for Largest Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period due to increasing incidence of genetic disorders, rising investment on genomics research and development activities and advancements in sequencing procedures. In addition, presence of numerous pharmaceutical and biotechnology companies and growing number of cancer research studies are some factors expected to contribute to market growth in the region.
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Major 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
- Nucleics
- SciGenom Labs Pvt. Limited,
- Microsynth AG. Inc.
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
Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/sanger-sequencing-services-market
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- 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
- Turkey
- Rest of MEA
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