Europe Whole Genome Sequencing (WGS) Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030.
Europe's Whole Genome Sequencing (WGS) Market: Industry Requirements and Emerging Trends
The European Whole Genome Sequencing (WGS) market is experiencing rapid growth, driven by technological advancements and increasing applications across various sectors. In 2023, the Europe DNA sequencing market generated a revenue of USD 3,121.3 million, with expectations to grow at a CAGR of 20.6% from 2024 to 2030. This surge underscores the escalating demand for comprehensive genomic insights across industries.
Key factors propelling this growth include:
Technological Advancements: Continuous innovations have made WGS more accessible and cost-effective, facilitating its integration into routine clinical and research settings.
Personalized Medicine: WGS enables tailored therapeutic strategies, enhancing treatment efficacy and patient outcomes.
Public Health Initiatives: Governments and health organizations are leveraging WGS for disease surveillance and management, as evidenced by NHS England's initiative to screen 100,000 newborns for over 200 genetic conditions.
Despite these advancements, industries face specific requirements to fully harness WGS's potential:
Data Management and Analysis: The vast data generated necessitates robust bioinformatics infrastructure and skilled personnel to interpret results effectively.
Regulatory Compliance: Adherence to stringent data privacy laws, such as GDPR, is crucial to maintain public trust and ensure ethical use of genomic data.
Standardization: Establishing uniform protocols across laboratories ensures consistency and reliability in WGS results.
As industries adapt to these requirements, the European WGS market is poised for significant expansion, offering unprecedented opportunities for innovation and improved healthcare outcomes.
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Illumina
Thermo Fisher
BGI
Agilent Technologies
10x Genomics
QIAGEN
GENEWIZ
Macrogen
Oxford Nanopore
Veritas Genetics
Centogene
Psomagen
Nebula Genomics
CD Genomics
Berry Genomics
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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 Europe Whole Genome Sequencing (WGS) Market
Clinical Diagnosis
Drug Development
Genomic Research
Personalized Medicine
Food Safety and Quality Control
Forensic Science
Sanger Sequencing
Next-Generation Sequencing (NGS)
Third-Generation Sequencing
Whole Genome Amplification
Hospitals and Clinics
Research Institutes
Pharmaceutical and Biotechnology Companies
Contract Research Organizations (CROs)
Academic Institutions
Sequencing Instruments
Sequencing Software
Consumables and Reagents
Services
In-House Delivery
Outsourced Services
Laboratory Developed Tests (LDTs)
US (United States, US 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 Europe Whole Genome Sequencing (WGS) 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. Europe Whole Genome Sequencing (WGS) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Whole Genome Sequencing (WGS) Market, By Type
6. Europe Whole Genome Sequencing (WGS) Market, By Application
7. Europe Whole Genome Sequencing (WGS) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Whole Genome Sequencing (WGS) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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