Us Targeted Sequencing Services Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Targeted Sequencing Services Market was valued at USD 3.4 Billion in 2022 and is projected to reach USD 7.2 Billion by 2030, growing at a CAGR of 10.1% from 2024 to 2030.
The U.S. Targeted Sequencing Services Market is experiencing significant growth, driven by advancements in genomic technologies and an increasing demand for personalized medicine. In 2023, the market generated a revenue of USD 2,481.6 million and is projected to reach USD 10,143.0 million by 2030, reflecting a compound annual growth rate (CAGR) of 22.3% from 2024 to 2030. citeturn0search0 Targeted sequencing involves analyzing specific regions of the genome, enabling researchers and clinicians to focus on genes associated with particular diseases or conditions. This approach offers a cost-effective and efficient alternative to whole genome sequencing, making it particularly valuable in clinical diagnostics and personalized medicine. **Market Segmentation and Growth Drivers** The market is segmented into various service types, including human genome sequencing services, single-cell sequencing services, microbial genome-based sequencing services, gene regulation services, and animal & plant sequencing services. Among these, human genome sequencing services accounted for the largest revenue share in 2023, driven by their critical role in understanding monogenic disorders and complex diseases. citeturn0search0 Gene regulation services are anticipated to register the fastest growth during the forecast period. Next-generation sequencing (NGS) platforms facilitate the examination of transcriptional complexity, aiding in the identification of cardiovascular disorders and providing insights into gene expression across various medical conditions. citeturn0search1 **Key Market Players and Innovations** The U.S. market is characterized by significant innovation, with companies investing heavily in research and development to introduce cutting-edge technologies and enhance sequencing processes. Major players include Quest Diagnostics Inc, Azenta Inc, Illumina Inc, Pacific Biosciences of California Inc, and Novogene. citeturn0search0 Strategic alliances and mergers are prevalent, as companies seek to bolster their market positions. For instance, in January 2024, Eurofins Genomics opened a new lab in Bothell, Washington, to cater to the Seattle area, expanding its geographical reach and service offerings. citeturn0search1 **Regulatory Landscape and Challenges** Clinical laboratories in the U.S. are required to secure accreditation from the Centers for Medicare & Medicaid Services (CMS) and comply with Clinical Laboratory Improvement Amendments (CLIA) regulations to conduct genetic and diagnostic tests. This regulatory framework ensures the accuracy and reliability of genetic testing services. citeturn0search1 Despite the positive market outlook, challenges such as funding constraints and regulatory hurdles persist. The National Institutes of Health (NIH) has announced significant cuts in funding for indirect costs in medical research grants, impacting companies producing lab equipment and potentially hindering medical advancements. citeturn0news26 **Future Outlook** The U.S. Targeted Sequencing Services Market is poised for substantial growth, driven by technological advancements, increasing adoption of personalized medicine, and strategic collaborations among key industry players. As the market evolves, addressing regulatory challenges and securing sustainable funding will be crucial for sustaining growth and innovation in the genomic services sector.
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Agilent Technologies
Azenta
BGI Group
Illumina
PerkinElmer
Thermo Fisher Scientific
Danaher
CD Genomics
Daicel Corporation
Takara Bio
Twist Bioscience
Psomagen
LGC Limited
Tecan Trading
PacBio
QIAGEN
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Targeted Sequencing Services Market
Targeted Sequencing Kits
Library Preparation Kits
Sequencing Platforms
Bioinformatics Software
Oncology
Infectious Diseases
Genetic Disorders
Pharmacogenomics
Prenatal Testing
Next-Generation Sequencing (NGS)
Single-Cell Sequencing
Targeted Resequencing
RNA Sequencing
Academic and Research Institutions
Clinical Laboratories
Pharmaceutical Companies
Biotechnology Companies
Sample Preparation
Library Preparation
Sequencing
Data Analysis
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Targeted Sequencing Services Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Targeted Sequencing Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Targeted Sequencing Services Market, By Type
6. Global Targeted Sequencing Services Market, By Application
7. Global Targeted Sequencing Services Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Targeted Sequencing Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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