Sequencing Reagents Market Research & Report (2022-27) | Analysis

Market Overview:

During the forecast period, the Sequencing Reagents Market is expected to grow at a 7.5% CAGR by 2027. This is due to increased demand for third-generation sequencing, lower genetic sequencing prices, and increased R&D spending on genomic research. Furthermore, advancements in sequencing technologies to give high-yield data for large-scale genomic research and the availability of new commercial reagent kits for specific sequencing technologies will drive the sequencing reagent market forward. Nanopore and single-molecule real-time sequencing are two emerging technologies whose cost-effective and efficient DNA processing for sequencing leads researchers to adopt them to sequence the genome in less time and at a lower cost.

Furthermore, the cost of genetic sequencing has dropped from USD 10–15 million per genome in 2001 to USD 1,200 per genome in 2017. As a result, the decreasing cost of genetic sequencing will drive the rise of sequencing technologies, which will in turn drive the use of sequencing reagents. Furthermore, favourable government efforts and increased investment from commercial and public entities will spur the development of sequencing technologies and drive demand for sequencing reagents during the anticipated period.

Scope of the Report:

Sequencing chemicals are used in the process of DNA sequencing, which is an important technique for determining the order of nucleotides. The diagnostic and therapeutic applications of DNA sequencing include drug development, forensics, genetics, malignancies, infectious disease, and many more.

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