Nanopore Molecular Sequencing Service Market was valued at USD 0.45 Billion in 2022 and is projected to reach USD 1.25 Billion by 2030, growing at a CAGR of 15.0% from 2024 to 2030.
The global Nanopore Molecular Sequencing Service Market was valued at approximately USD 1.2 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of around 22.5% from 2023 to 2030. This growth trajectory reflects a robust increase in demand driven by advancements in genomic research, personalized medicine, and the decreasing costs of sequencing technologies. As research institutions, pharmaceutical companies, and healthcare providers increasingly adopt nanopore sequencing for its real-time capabilities and high accuracy, the market is poised for significant expansion. The integration of nanopore sequencing with emerging technologies and its applications in various fields such as oncology, infectious diseases, and genetic disorders are contributing factors to this market growth.
Opportunities in the Nanopore Molecular Sequencing Service Market are substantial, with potential growth areas including the expansion into emerging markets and the development of novel applications. The rise of personalized and precision medicine, coupled with an increasing focus on non-invasive diagnostic methods, offers significant opportunities for service providers. Moreover, the growing trend of collaboration between research institutions and technology developers is expected to further drive market expansion. Emerging markets, particularly in Asia-Pacific and Latin America, are anticipated to offer lucrative prospects due to increasing investments in healthcare infrastructure and genomic research capabilities.
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Oxford Nanopore Technologies
CD Genomics
BaseClear
Garvan Institute
Apical Scientific
Cold Spring Harbor Laboratory
ESR
GeneBay
Genomedia
Genotypic Technology
GenXone
GSI Lab
Health GeneTech
BioTools
IIT Biotech GmbH
KeyGene
MicrobesNG
Nonacus
PathoQuest
Prairie Diagnostic Services
PT. Genetika Science Indonesia
Seibutsugiken
Takara Bio
Tri-I Biotech
Novogene
BGI Genomics
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 Nanopore Molecular Sequencing Service Market
Laboratory
Research Institute
Others
Based on Types the Market is categorized into Below types that held the largest Nanopore Molecular Sequencing Service market share In 2023.
DNA Sequencing
RNA Sequencing
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 Nanopore Molecular Sequencing Service 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 Nanopore Molecular Sequencing Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Nanopore Molecular Sequencing Service Market, By Type
6. Global Nanopore Molecular Sequencing Service Market, By Application
7. Global Nanopore Molecular Sequencing Service Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Nanopore Molecular Sequencing Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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