Sanger Sequencing Services Market future growth and opportunities by 2028
The Global Sanger Sequencing Services market size is estimated to reach $1,218 million by 2026, growing at a CAGR of 16.1% over the forecast period of 2021-2026. Sanger sequencing can be delineated as a chain closing process and a "Deoxyribonucleic acid (DNA) Sequencing" built on dye deoxynucleotides in DNA polymerizing reaction where nucleotides are a blend of three components phosphate, nitrogenous base, and sugar. Frequently the process is used to draw precise order of nucleotides.
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Impact of COVID-19:
COVID-19 had a positive impact on the market. Rising research & developmental activities during COVID19, the increase in numbers have outperformed more than ever of their previous selves as revenue of pharmaceutical and biopharmaceutical firms proliferated ascribing to the COVID-19 crisis. Thus there was positive growth in the market.
Key Market Players
Key Players in the Global Sanger Sequencing Services Market consist of GenScript, Source BioScience, Nucleics, CeMIA SA, Genewiz, GenHunter Corporation, QuintaraBio, SciGenom Labs, LGC Limited, and Fasteris SA.
Market Dynamics
Driver: Rising cancer complications with the mounting elderly population are Anticipated to Boost Product Demand.
With shooting up the old age population around the globe, the threat of chronic illnesses has strengthened because, with old age, the immune system starts to perish. According to a survey, around 18-19% of the population in China falls under the elderly category as it is aging above 60. Similarly, the number whirl around 9-10% for India, the 2nd most populous nation. Therefore, the overall prevalence of chronic illnesses has augmented. 1 in 68 males in India has lung cancer whereas, for women, the number is 1 in 29. Where women are more afflicted with breast cancer compilations.
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Additionally, the prevalence of cancer is also accruing in the North American nations. The US will have witnessed over 1.9 million cases of cancer in 2021. All these factors mentioned above are anticipated to surge the demand for the market.
Challenge: Extortionate price and lack of skilled professionals are Anticipated to Hamper Market Growth.
The few factors that are likely to strangle the growth of the respective market are the exorbitant price of Sanger sequencing and the lack of skilled professionals. Sanger sequencing is too excessive as compared
to other sequencing techniques like NGS. It can cost more than $500 per 1000 bases. In comparison, NGS cost runs around only $0.50. furthermore, ascribing to lack of interest in the younger generation regarding scientific fields, a lesser number of skilled professionals can impact the growth market aversively.
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TOC:
Chapter 1
Sanger Sequencing Services Market Overview
1.1 Product Overview and Scope of Sanger Sequencing Services
1.2 Sanger Sequencing Services Market Segmentation By Application
1.2.1 Procreative health
1.2.2 Personalized drug
1.2.3 Forensic
1.2.4 Diagnostics
1.2.5 Cancer
TOC continued…
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