According to a new report published by UnivDatos Markets Insights, the Sanger Sequencing Service Market was valued at more than USD 500 million in 2021 and is expected to grow at a CAGR of around 10% from 2022-2028. The analysis has been segmented into Application (Diagnostics, Biomarkers and Cancer, Reproductive Health, Personalized Medicine, Forensics, and Others); End User (Academics and Governmental Organizations, Pharmaceutical Companies, Hospitals & Clinics, and Others); and Region.
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The sanger sequencing service market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the sanger sequencing service market. The sanger sequencing service market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the sanger sequencing service market at the global and regional levels.
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Market Overview
Sanger sequencing is a DNA sequencing method that was developed in the late 1970s and is still widely used today for a variety of applications, including genetic research, drug development, and clinical diagnostics. Sanger sequencing involves the use of fluorescently labeled nucleotides and chain-terminating dideoxynucleotides to create a series of DNA fragments that can be separated by size using capillary electrophoresis.
The sanger sequencing service market is primarily driven by the growing demand for genetic research and personalized medicine. Genetic research has become increasingly important in fields such as oncology, neurology, and infectious diseases, and sanger sequencing is often used in the initial stages of research projects to generate high-quality DNA sequences that can be analyzed for variations and mutations. In addition to genetic research, sanger sequencing is also used in clinical diagnostics to identify genetic mutations that can lead to diseases such as cancer, cystic fibrosis, and Huntington's disease.
Some of the major players operating in the market include Microsynth AG; Thermo Fisher Scientific, Inc.; Azenta Life Sciences; GenHunter Corporation; LGC Biosearch Technologies; Laragen, Inc; STARSEQ GmbH; Medisupport SA; Quintara; and ciGenom Labs Pvt. Ltd.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the healthcare industry and has transformed the way healthcare is delivered. Implementation of lockdowns and shutting down of businesses during the COVID-19 pandemic disrupted supply chain activities, which caused a shortage of sanger sequencing service.
The global sanger sequencing service market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on application, the market is segmented into diagnostics, biomarkers and cancer, reproductive health, personalized medicine, forensics, and others. The personalized medicine is anticipated to grow with significant CAGR during the forecast period. Personalized medicine is a rapidly growing field that involves tailoring medical treatments to an individual's unique genetic makeup. Sanger sequencing, which is a method for DNA sequencing, plays a critical role in personalized medicine by enabling the identification of specific genetic mutations and variants that can inform personalized treatment plans. Sanger sequencing is increasingly being used in clinical trials to identify patients who may benefit from personalized treatments. Thus, the above mentioned factors are driving the market growth during the forecast period.
· On the basis of end user, the market is segmented into academics and governmental organizations, pharmaceutical companies, hospitals & clinics, and others. The hospitals & clinics category held a significant share of the market in 2021. By using Sanger sequencing to identify specific genetic mutations and variants, hospitals and clinics can provide more personalized treatment plans for their patients. This has the potential to improve patient outcomes and reduce healthcare costs by reducing the need for trial-and-error treatments.
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Sanger Sequencing Service Market Geographical Segmentation Includes:
· North America (U.S., Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
Asia Pacific is expected to grow with a significant CAGR during the forecast period. The growth of the APAC sanger sequencing service market is driven by various factors, including the increasing demand for genetic testing and personalized medicine, the growing prevalence of genetic disorders, and the rising focus on agriculture biotechnology. China is expected to dominate the market, owing to its large population and increasing demand for genetic testing. Japan is also a significant market, due to the presence of well-established research facilities and academic institutions.
The major players targeting the market include
· Microsynth AG
· Thermo Fisher Scientific, Inc.
· Azenta Life Sciences
· GenHunter Corporation
· LGC Biosearch Technologies
· Laragen, Inc
· STARSEQ GmbH
· Medisupport SA
· Quintara
· ciGenom Labs Pvt. Ltd.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the sanger sequencing service market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the sanger sequencing service market?
• Which factors are influencing the sanger sequencing service market over the forecast period?
• What are the global challenges, threats, and risks in the sanger sequencing service market?
• Which factors are propelling and restraining the sanger sequencing service market?
• What are the demanding global regions of the sanger sequencing service market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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