June 15, 2024

Sequencing Consumables Market Size to Attain USD 50.75 Bn By 2033

The sequencing consumables market would grow at a CAGR of 18.14% over the predicted time frame. The market is expected to increase in value from US$ 6.94 billion in 2023 to US$ 50.75 billion by 2033.

Sequencing Consumables Market Size 2024 To 2033

Key Takeaways

  • Asia Pacific is expected to witness the fastest rate of growth in the sequencing consumables market during the forecast period.
  • By product, the kits segment held the largest segment of the sequencing consumables market in 2023.
  • By product, the reagents segment is expected to grow at a significant rate during the forecast period.
  • By platform, the second-generation sequencing consumables segment is expected to hold the dominating share of the market.
  • By platform, the third-generation sequencing consumables segment is expected to grow at a notable rate.
  • By application, the cancer diagnostics segment is expected to hold the dominating share of the market during the forecast period.
  • By application, the pharmacogenomics segment is expected to grow at a notable rate.

The on sequencing consumables Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.

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A recent report provides crucial insights along with application based and forecast information in the Global Sequencing consumables Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Sequencing consumables market.

A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.

Sequencing Consumables Market Scope

Report CoverageDetails
Growth Rate from 2024 to 2033CAGR of 18.14%
Global Market Size in 2023USD 6.94 Billion
Global Market Size by 2033USD 50.75 Billion
U.S. Market Size in 2023USD 2.53 Billion
U.S.Market Size by 2033USD 13.39 Billion
Base Year2023
Forecast Period2024 to 2033
Segments CoveredBy Product, By Platform, and By Application
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

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Companies and Manufacturers Covered

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Sequencing consumables market are included as given below:

Recent developments in the Sequencing Consumables Market

  • In October 2022, Illumina (US) collaborated with GenoScreen (France) to extend genomic testing accessibility for multidrug-resistant tuberculosis, particularly in countries heavily affected by tuberculosis. This partnership aims to enhance diagnostic capabilities and contribute to the global effort to combat tuberculosis.
  • In October 2022, Illumina (US) entered into a strategic research collaboration with AstraZeneca (UK). The partnership focuses on improving pharmaceutical pipelines by leveraging genomic insights to identify genetic variants associated with human diseases. This collaboration underscores the increasing importance of genomics in drug development and precision medicine.
  • In September 2022, Thermo Fisher Scientific (US) achieved FDA approval for the Oncomine Dx Target Test. This marked a milestone as the first Next-Generation Sequencing (NGS)-based companion diagnostic, designed to aid in therapy selection for patients with RET mutations/fusions in thyroid cancers. The FDA approval highlights the growing role of genomics in guiding personalized treatment decisions for cancer patients.

Sequencing Consumables Market Companies

  • Illumina, Inc. (US)
  • Thermo Fisher Scientific Inc. (US)
  • Qiagen N.V. (Netherlands)
  • F. Hoffmann-La Roche Ltd. (Switzerland)
  • Agilent Technologies, Inc. (US)
  • Pacific Biosciences of California, Inc. (US)
  • PerkinElmer, Inc. (US)
  • Oxford Nanopore Technologies Ltd. (UK)
  • Bio-Rad Laboratories, Inc. (US)
  • BGI Genomics Co., Ltd. (China)
  • GenScript Biotech Corporation (China)
  • Eurofins Scientific (Luxembourg)
  • Macrogen Inc. (South Korea)
  • New England Biolabs, Inc. (US)
  • Swift Biosciences, Inc. (US)

Segments Covered in the Report

By Product

  • Kits
  • Reagents
  • Accessories

By Platform

  • 1st Generation sequencing consumables
  • 2nd Generation sequencing consumables
  • 3rd Generation sequencing consumables

By Application

  • Cancer Diagnostics
  • Infectious Disease Diagnostics
  • Reproductive Health Diagnostics
  • Pharmacogenomics
  • Agrigenomics
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Report Objectives

  • To define, describe, and forecast the global sequencing consumables market based on product, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
  • To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
  • To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the sequencing consumables market

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Sequencing Consumables Market 

5.1. COVID-19 Landscape: Sequencing Consumables Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Sequencing Consumables Market, By Product

8.1. Sequencing Consumables Market Revenue and Volume, by Product, 2024-2033

8.1.1 Kits

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Reagents

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

8.1.3. Accessories

8.1.3.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Sequencing Consumables Market, By Platform

9.1. Sequencing Consumables Market Revenue and Volume, by Platform, 2024-2033

9.1.1. 1st Generation sequencing consumables

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. 2nd Generation sequencing consumables

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. 3rd Generation sequencing consumables

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Sequencing Consumables Market, By Application 

10.1. Sequencing Consumables Market Revenue and Volume, by Application, 2024-2033

10.1.1. Cancer Diagnostics

10.1.1.1. Market Revenue and Volume Forecast (2021-2033)

10.1.2. Infectious Disease Diagnostics

10.1.2.1. Market Revenue and Volume Forecast (2021-2033)

10.1.3. Reproductive Health Diagnostics

10.1.3.1. Market Revenue and Volume Forecast (2021-2033)

10.1.4. Pharmacogenomics

10.1.4.1. Market Revenue and Volume Forecast (2021-2033)

10.1.5. Agrigenomics

10.1.5.1. Market Revenue and Volume Forecast (2021-2033)

10.1.6. Others

10.1.6.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 11. Global Sequencing Consumables Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.1.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.1.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.1.4.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.1.4.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.1.5.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.1.5.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.2.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.2.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.2.4.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.2.4.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.2.5.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.2.5.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.2.6.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.2.6.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.2.7.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.2.7.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.3.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.3.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.3.4.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.3.4.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.3.5.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.3.5.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.3.6.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.3.6.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.3.7.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.3.7.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.4.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.4.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.4.4.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.4.4.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.4.5.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.4.5.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.4.6.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.4.6.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.4.7.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.4.7.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.5.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.5.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.5.4.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.5.4.3. Market Revenue and Volume Forecast, by Application (2021-2033)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.5.5.2. Market Revenue and Volume Forecast, by Platform (2021-2033)

11.5.5.3. Market Revenue and Volume Forecast, by Application (2021-2033)

Chapter 12. Company Profiles

12.1. Illumina, Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Thermo Fisher Scientific Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Qiagen N.V

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. F. Hoffmann-La Roche Ltd.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Agilent Technologies, Inc

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Pacific Biosciences of California, Inc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. PerkinElmer, Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Oxford Nanopore Technologies Ltd.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Bio-Rad Laboratories, Inc.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. BGI Genomics Co., Ltd.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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