The Allied Market Research published a report on Sangers Sequencing Service Market 2018-2025, Interesting fact and figures (CAGR, Global Size, Shares and Revenue with Business Growth Support and Market Value and Volume with Supply Demand Scenario and Pipeline Projects). The Global Sanger’s Sequencing Service Market was valued at $192 million in 2013, and is estimated to reach at $1,085 million by 2025, registering a CAGR of 14.2% from 2018 to 2025.
Sanger’s sequencing is one of the most pivotal techniques used by molecular biologists worldwide for sequence analysis. In this method, the target nucleic acid is reproduced several times, thereby making fragments of varying lengths.
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Technological advancements in Sanger’s sequencing, rise in genome mapping programs, and surge in applications of Sanger’s sequencing have boosted the growth of the global Sanger’s sequencing service market. However, lack of skilled professionals and standardization concerns over sequencing-based diagnostics hamper the market. On the contrary, use of cloud computing serves as a potential data management service and untapped potential of emerging markets are expected to create lucrative opportunities in the near future.
The global Sanger’s sequencing service market is divided on the basis of application, end user, and geography. Based on application, the market is segmented into diagnostics, biomarkers & cancer, reproductive health, personalized medicine, forensics, and others. The biomarker & cancer segment held the largest share in 2018, accounting for more than one-third of the market. However, the personalized medicine segment is projected to portray the fastest CAGR of 16.1% during the forecast period.
On the basis of end user, the market is bifurcated into academic & government research institutes, pharmaceutical companies, biotechnology companies, and hospitals & clinics. The academic & government research institutes segment dominated the market in 2018, accounting for nearly one-third of the market. However, the biotechnology companies segment is projected to portray the fastest CAGR of 14.9% during the forecast period.
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The global Sanger’s sequencing service market is analyzed across various regions such as U.S., Europe, Japan, China, India, Southeast Asia, and the rest of the world (ROW). The market across the U.S. held the largest share in 2018, contributing more than two-fifths of the market. However, the market across the China region is projected to portray the fastest CAGR of 17.2% through 2025.
The market report provides an in-depth analysis of the major market players such as GenScript Biotech Corporation, Source BioScience, LGC Science Group Limited, Thermo Fisher Scientific, Inc., CeMIA SA, Quintara Biosciences, Fasteris SA, GENEWIZ, GenHunter Corporation, SciGenom Labs Pvt. Limited, Nucleics, and Microsynth AG. Inc. They have adopted different strategies such as mergers & acquisitions, partnerships, collaborations, new product launches, and others to gain a strong position in the global industry.
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