Sequencing Consumables Market

Sequencing Consumables Market Size by Product (Reagents, Kits, Accessories), End-use (Hospitals And Laboratories, Pharmaceutical And Biotechnology Companies, Academic Research Institutes, Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14076
  • Published Date: Feb, 2024
  • Pages: 237
  • Category: Healthcare
  • Format: PDF
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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.

Market Introduction:

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.

Sequencing Consumables Market Size

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Recent Development
  • For example, as of October 2023, the National Human Genome Research Institute (NHGRI) funded multidisciplinary consortia and investigator-initiated research initiatives as its main means of supporting genomic medicine research. The purpose of this financing opportunity announcement (FOA) is to encourage small firms who want to further genomic medical research to apply for Small Business Innovation Research (SBIR) grants.
  • A financial commitment of USD 1.5 million was made to the Bison Integrated Genomics (BIG) project by Genome Canada in July 2022. The project's goal is to protect the endangered Canadian bison herd. The financing demonstrates a major commitment to genomics research and supports projects aimed at the genetic study, preservation, and safeguarding of these endangered bison. This project has the potential to improve conservation efforts for the threatened Canadian bison by providing insightful information about the genetic diversity, health, and adaptive features of this animal.
  • By purchasing GenMark Diagnostics for $1.8 billion in September 2023, Roche Diagnostics made a big move and strategically expanded into the infectious disease diagnostics market. Roche's position in treating infectious diseases with cutting-edge diagnostic technologies is strengthened by this purchase, which also improves Roche's molecular diagnostics capabilities.
  • AstraZeneca (UK) and Illumina (US) signed a strategic research collaboration agreement in October 2022. The collaboration aims to enhance drug delivery systems by utilising genomic information to pinpoint genetic variations linked to human illnesses. This partnership emphasises how crucial genomics is becoming to precision medicine and medication development.
  • Thermo Fisher Scientific (US) received FDA approval for the Oncomine Dx Target Test in September 2022. Being the first Next-Generation Sequencing (NGS)-based companion diagnostic to help patients with RET mutations/fusions in thyroid malignancies choose their therapies, this was a significant milestone. The FDA's approval emphasises how genetics is increasingly being used to inform patients' personalised treatment choices for cancer.

Market Dynamics:


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.

Regional segmentation analysis:

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%

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Product Segment Analysis

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.

End-use Segment Analysis

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.

Some of the Key Market Players:
  • 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

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2023 USD 7.83 Billion
Market size value in 2033 USD 66 Billion
CAGR (2024 to 2033) 23.76%
Historical data 2020-2022
Base Year 2023
Forecast 2024-2033
Region 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.
Segments Product, End-use

Frequesntly Asked Questions

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.

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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:

  • Reagents
  • Kits
  • Accessories

Global Sequencing Consumables by End-use:

  • Hospitals And Laboratories
  • Pharmaceutical And Biotechnology Companies
  • Academic Research Institutes
  • Others

Global Sequencing Consumables by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


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