SYDNEY, April 13, 2023 (GLOBE NEWSWIRE) -- "Sanger Sequencing Market" is the title of a new report from Data Bridge Market Research. Key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive environment are all dissected in detail in the research. By using an outstanding Sanger Sequencing market report, the general market conditions, existing trends, and tendencies in the Sanger Sequencing industry can be unearthed. It helps businesses obtain granular level clarity on current business trends and expected future developments. This market research report acts as a valued source of information with which businesses can achieve a telescopic view of the current market trends, consumer demands and preferences, market situations, opportunities, and market status. Moreover, the Sanger Sequencing market report puts forth a thorough overview of the market where it identifies industry trends, determines brand awareness and influence, provides industry insights, and offers competitive intelligence.
Data Bridge Market Research analyses that the sanger sequencing market which was USD 1.92 billion in 2021, would rocket up to USD 7.47 billion by 2029, and is expected to undergo a CAGR of 18.50% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The sanger technique of DNA sequencing relies on the random incorporation of chain-terminating dideoxynucleotides by DNA polymerase during in vitro DNA replication and uses electrophoresis. However, for smaller-scale initiatives and for validating the outcomes of deep sequencing, the sanger approach is still widely used. It can still create DNA sequence reads of more than 500 nucleotides and maintain accuracy levels around 99.99 percent, giving it an edge over short-read sequencing methods (like Illumina).
An oligonucleotide sequencing primer that binds to the DNA next to the region of interest is used in Sanger sequencing to focus on a particular area of the template DNA. W Sanger sequencing uses chemical replicas of the four DNA nucleotides to determine the sequence. Dideoxyribonucleotides (ddNTPs) are these analogues, which lack the 3' hydroxyl group necessary for the 5' to 3' elongation of a DNA polynucleotide chain.
The Global Market Is Analyzed in Depth in the Latest Study. Taking into account the current level of competition and its projected evolution over the next few years.
Rapidly increasing demands, a rise in industrialization, consumer awareness, growing sectors, and technical improvements are fueling the expansion of the global Sanger Sequencing market. Sales and revenue in this sector have increased at an exponential rate. The market's size and growth are both expected to increase thanks to the factors driving the market's expansion over the projected period.
Leading businesses in the worldwide Sanger Sequencing market are investing heavily in R&D in order to build a larger client base and expand their share of the market by reintroducing improved products to consumers. All of the companies' strategy, as well as their financial health, revenue, gross margin, and growth rate, are detailed in the study.
Opportunities
A number of factors, including growing demand for affordable genotyping services, declining sequencing rates, technological advancements, and the growing need for pharmacogenomics in the development and advancement of medications, the Sanger sequencing market is predicted to grow at a healthy rate.
The Sanger Sequencing Market is Dominated by Firms Such as
- Thermo Fisher Scientific Inc (U.S.)
- Source BioScience (U.K.)
- GenScript (U.S.)
- LGC Limited (U.K.)
- CeMIA (U.S.),
- Quintara Biosciences (U.S.)
- GenHunter Corporation (U.S.)
- GENEWIZ (U.S.), Nucleics (U.K.)
- SciGenom Labs Pvt. Ltd (India)
- Microsynth AG (Switzerland)
- Eurofins Scientific (Luxembourg)
- LGC Limited (U.K.)
- Fasteris SA (Switzerland)
- StarSEQ GmbH (Germany)
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The investment made in the study would provide you access to information such as:
- Sanger Sequencing Market [Global – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country-wise Market Size Split [of important countries with major market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
- Sanger Sequencing Market Size
- Market Size by Application/industry verticals
- Market Projections/Forecast
Key Market Segments Covered in Sanger Sequencing Industry Research
Application
- Diagnostics
- Cancer
- Reproductive Health
- Personalized Medicine
- Forensics
- Others
Sequencing
- Shotgun Sequencing
- Targeted Gene Sequencing
- Others
Laboratory
- Wet Labs
- Dry Labs
Research
- In-House
- Outsourced
End Use
- Academic
- Government Research Institutes
- Pharmaceutical Companies
- Biotechnology Companies
- Hospitals
- Clinics
Key Industry Drivers:
- Technological advancements
The market for Sanger's sequencing services is expanding due to technological developments in sequencing methods, benefits of Sanger's sequencing, and an increase in genome mapping initiatives. Additionally, sequencing applications and R&D expenditure boost have added to the market's expansion.
- Research and development (R&D) activities
The increased attention that vendors are paying to developing economies like China, India, and Southeast Asia is anticipated to promote market expansion. The market is expected to experience significant growth in the near future as a result of rising R&D spending and a boom in sanger sequencing applications.
- Rise in genetic illness
The expanding use of genetic testing on vertebrates and plants, other factors influencing the market's growth include the rising prevalence and familiarity of genetic illnesses and tailored medicine. During the forecast period of 2022 to 2029, a few factors have the potential to propel market expansion.
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Sanger Sequencing Market Regional Analysis/Insights:
The countries covered in the sanger sequencing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the sanger sequencing market due to the rising number of geriatric population and innovative medical technology adoption
Asia-Pacific (APAC) predicted to observe notable germination in the forecast period of 2022 to 2029, due to an expansion in research and development expenditure and a rise in the utilization of Sanger sequencing
Core Objective of Sanger Sequencing Market:
Every firm in the Sanger Sequencing market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
- Sanger Sequencing Industry Size and growth rate factors.
- Important changes in the future Sanger Sequencing Market.
- Top worldwide competitors of the Market.
- Scope and product outlook of Sanger Sequencing Market.
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in the Market.
- Global Sanger Sequencing top players' profile and sales statistics.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Sanger Sequencing Market: Regulations
- Market Overview
- Global Sanger Sequencing Market, By Application
- Global Sanger Sequencing Market, By Sequencing
- Global Sanger Sequencing Market, By Laboratory
- Global Sanger Sequencing Market, By Research
- Global Sanger Sequencing Market, By End User
- Global Sanger Sequencing Market, By Region
- Global Sanger Sequencing Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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