The global sequencing consumables market was valued at USD 7.83 Billion in 2023, which is anticipated to grow at a CAGR of 23.76% from 2024 to 2033. The two main reasons propelling the overall growth of the global sequencing consumables market are the ongoing advancements in sequencing technologies and the increasing focus on genomics research. Sequencing is becoming more and more used in many sectors, such as genomics and personalised medicine, as methods for sequencing become more advanced and can handle higher volumes of data.
The market for sequencing consumables includes a wide range of products required for DNA sequencing procedures, such as kits, reagents, and other items needed for different types of sequencing technology. The increasing progress in sequencing techniques and the ongoing evolution of genomics have led to a surge in demand for these consumables. Particularly, next-generation sequencing (NGS) technologies have become widely used in clinical diagnostics, research, and personalised medicine, which has increased demand for specialised consumables. Leading companies in the field provide a range of products made to work with various sequencing platforms. The market for sequencing consumables is anticipated to grow steadily as genomics becomes more and more important in biomedical research and healthcare. This growth will be influenced by technological advancements, growing applications, and the worldwide drive for more precise and personalised genomics methods. Consumables for sequencing are in high demand as genomics becomes more and more integrated into healthcare procedures. Market expansion is driven by applications like pharmacogenomics, oncology, and clinical diagnostics. The need for consumables in lab and clinical settings keeps growing as genetic information becomes more crucial for the understanding of diseases and methods related to treating them. One major factor propelling the market's growth is the continuous decline in DNA sequencing costs. The "$1000 genome" milestone and ongoing attempts to reduce sequencing costs have increased the accessibility of genetic analysis. The decreasing costs encourage more people to use sequencing technology, which in turn increases demand for consumables. The need for sequencing consumables is driven by the paradigm shift towards personalised medicine, which bases treatment decisions on each patient's unique genetic profile. The application of sequencing technology in clinical practice is being driven by the capacity to detect genetic differences and markers that are essential for customised treatment plans. The growing demand for precise and thorough genomic data is driving the consumables market as personalised medicine gets traction.
Get an overview of this study by requesting a free sample
Technological developments in sequencing- The market for sequencing consumables is expanding significantly due to advancements in sequencing technologies. Next-generation sequencing's (NGS) ongoing development has had a big impact on the genomics field. Genomic research has become more accessible due to the falling cost of sequencing, as demonstrated by Illumina's achievement of the $1000 genome milestone in 2014. Because of its accessibility, demand is increased and the market grows. The quickness and precision of NGS technologies have made them useful in a variety of industries, such as pharmaceuticals, agriculture, and clinical diagnostics. Furthermore, programmes such as the All of Us Research Programme, which aims to sequence a population with a range of backgrounds, demonstrate the growing use of genomics in healthcare. Consequently, the market for sequencing consumables is expected to rise steadily due to the revolution that technology is having on genetic research and its growing range of applications.
Increased funding for genomic research- One of the main factors driving potential in the sequencing consumables market is increased funding for genomic research. Large-scale genomic investigations are made possible by this funding boom, which also pushes the frontiers of research in fields like population genomics, precision medicine, and disease genetics. As these large-scale research programmes expand, so does the demand for sequencing consumables, opening up new avenues for market expansion. Funding for research increases technological innovation and makes it possible to build cutting-edge sequencing technologies, which increase demand for related consumables. Funded projects' collaborative character also encourages collaborations between academic institutions and suppliers of sequencing consumables, which promotes innovation and propels the market's growth.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant global sequencing consumables market, with a 36.27% market revenue share in 2023. Its powerful R&D efforts, substantial investments in genetics, and sophisticated healthcare infrastructure are responsible. Large-scale genomics initiatives are being conducted in the region, along with prominent academic institutions and biotechnology and pharmaceutical enterprises. Demand is also fueled by beneficial government programmes like the Precision Medicine Initiative in the US. The United States holds a significant market share in the global sequencing consumables market due to the established presence of major companies in the market and a high rate of adoption of modern sequencing technologies.
North America Region Sequencing Consumables Market Share in 2023 - 36.27%
Check the geographical analysis of this market by requesting a free sample
The product segment is divided into reagents, kits, and accessories. The kits segment dominated the market, with a market share of around 35.38% in 2023. The segment's prominence can be attributed to its comprehensive, efficient, and convenient character. Kits lower the possibility of errors and unpredictability that include pre-optimized and quality-controlled components; this appeals to users who want consistent and dependable results. Because of their simplicity of use and shorter hands-on time, kits are especially well-suited for high-throughput sequencing. To fulfil the increased demand in the market, major firms are investing in the creation of cutting-edge kits. Singular Genomics Systems, Inc. introduced their next-generation sequencing (NGS) G4 kit in December 2021. Each consumable kit has different cycle configurations, giving it more flexibility for a range of applications.
The end-use segment is divided into hospitals and laboratories, pharmaceutical and biotechnology companies, academic research institutes, and others. The hospitals and laboratories segment dominated the market, with a market share of around 28.44% in 2023. Their pivotal function in clinical diagnostics and research applications is the reason for this. Sequencing consumables are used in hospitals for a variety of clinical applications, including the diagnosis of infectious diseases, cancer, and personalised medicine, where accurate genetic information is essential for patient care.
|Revenue (USD Billion)
|Market size value in 2023
|USD 7.83 Billion
|Market size value in 2033
|USD 66 Billion
|CAGR (2024 to 2033)
|The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
As per The Brainy Insights, the size of the sequencing consumables market was valued at USD 7.83 Billion in 2023 & USD 66 Billion by 2033.
Global sequencing consumables market is growing at a CAGR of 23.76% during the forecast period 2024-2033.
North America region emerged as the largest market for the sequencing consumables.
Technological development in sequencing is a significant driving factor for the growth of the sequencing consumables market.
Increased funding for genomic research is a significant opportunity for the growth of the sequencing consumables market.
Key players are QIAGEN, Millipore Sigma, Beckman Coulter, Inc., Oxford Nanopore Technologies Ltd., BGI Genomics, Hoffmann-La Roche Ltd., Takara Bio Inc., Agilent Technologies, Thermo Fisher Scientific, Inc., Eurofins Genomics, among others.
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global sequencing consumables market based on below mentioned segments:
Global Sequencing Consumables by Product:
Global Sequencing Consumables by End-use:
Global Sequencing Consumables by Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.
Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:
The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.
Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
Fortune 500 Clients
Free Yearly Update On Purchase Of Multi/Corporate License
Companies Served Till Date