On : 11 December2024
• The global Gene Sequencing market size was valued at US$ 12.34 billion in 2024 and is projected to reach US$ 28.67 billion by 2030, at a CAGR of 15.10% during the forecast period 2024-2030.
• The United States Gene Sequencing market size was valued at US$ 4.23 billion in 2024 and is projected to reach US$ 9.45 billion by 2030, at a CAGR of 14.3% during the forecast period 2024-2030.
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• The global Gene Sequencing market is growing rapidly, driven by research applications and clinical diagnostics. In 2023, total sequencing volume reached 25 petabases, with research institutions accounting for 45% of demand. The long-read sequencing segment is the fastest-growing at 17.2% annually. The market saw a 40% increase in demand for portable sequencers in 2023, reflecting pointof-care applications. Next-generation sequencing dominates with a 75% market share, while traditional methods are declining at 8% annually. North America leads with a 45% market share, while Asia Pacific is the fastest-growing region at 16.2% CAGR. The industry is focusing on developing advanced sequencing technologies, with a 50% growth in R&D investments for improved accuracy and speed.
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Next-generation Sequencing
Third and Fourth Generation Sequencing • First-generation Sequencing
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