Market Size & Growth Trajectory: Sequencing Reagents in North America 2028


The North America sequencing reagents market is expected to reach US$ 5,464.95 million by 2028 from US$ 2,353.66 million in 2021; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028.

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Sequencing Reagents Market Overview

Sequencing reagents are crucial components used in sequencing processes and play an essential role in enabling accurate and efficient sequencing reactions. These reagents are also applied across a wide range of research and clinical applications. The choice of reagents often depends on the specific goals of the sequencing procedure.

The market for sequencing reagents is experiencing significant growth, driven by several key factors. These include increasing investment in research activities and a steady decline in the cost of sequencing technologies. However, a notable challenge to market expansion remains the shortage of skilled professionals in the field.

In recent years, sequencing reagents have gained increased relevance in clinical settings. Over the next five years, it is projected that genomic data from more than 60 million patients will be generated through healthcare systems. This transition of genomic sequencing into routine clinical practice is being strongly supported by government-led initiatives. To date, more than US$4 billion has been invested by at least 14 countries in national genomic medicine programs. These initiatives aim to integrate genomic sequencing into healthcare under real-world conditions, address implementation barriers, and build a robust evidence base for broader adoption. As a result, these efforts are significantly propelling the growth of the sequencing reagents market.

Furthermore, ongoing financial support from both government bodies and industry players is expected to continue fueling market expansion. Notably, the cost of next-generation sequencing (NGS) has dropped substantially due to technological advancements and the development of more efficient sequencing methods. This reduction in cost is a major driver for increased adoption of sequencing, further accelerating market growth.

In North America, the United States experienced substantial disruptions during the COVID-19 pandemic, which placed considerable strain on the healthcare system. In response, researchers collaborated to generate and share genomic sequence data to support disease tracking and management efforts. The U.S. significantly ramped up its genomic sequencing capacity to monitor mutations of the SARS-CoV-2 virus, as emerging variants contributed to rising case numbers and hospitalizations. The use of genomic sequencing to combat COVID-19 and track new variants has highlighted its value and is expected to further boost the North American sequencing reagents market.

NORTH AMERICA SEQUENCING REAGENTS MARKET SEGMENTATION

By Technology

  • Next Generation Sequencing
  • Sanger Sequencing
  • Third Generation Sequencing

By Reagent Type

  • Control Kits
  • Library Kits
  • Template Kits
  • Sequencing Kits
  • Other Reagent Types

By Application

  • Agri genomics and Forensics
  • Clinical Investigation
  • Oncology
  • Reproductive Health
  • Other Applications

By End User   

  • Hospitals and Clinics
  • Research Institutes
  • Pharmaceutical and Biotechnology Companies
  • Other End Users

By Country

  • US
  • Canada
  • Mexico

Company Profiles

  • Pacific Biosciences of California, Inc.
  • QIAGEN
  • Takara Bio Inc.
  • THERMO FISHER SCIENTIFIC INC.
  • TriLink BioTechnologies Inc
  • BGI
  • F. HOFFMANN-LA ROCHE LTD.
  • Illumina, Inc.
  • FLUIDIGM CORPORATION
  • LGC Biosearch Technologies

North America Sequencing Reagents Strategic Insights

Strategic insights for the North America Sequencing Reagents provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Sequencing Reagents Regional Insights

The geographic scope of the North America Sequencing Reagents refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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