TOP 10 COMPANIES IN SEQUENCING KITS MARKET
Added: (Thu Dec 07 2023)
Pressbox (Press Release) -
The global Sequencing Kits Market is expected to witness robust growth, reaching an estimated value of $21.9 billion by 2030, with a remarkable CAGR of 8.1% during the forecast period, according to a recent report by Meticulous Research®.
The rise of advanced sequencing technologies such as Next-Generation Sequencing (NGS), nanopore, and single-molecule real-time (SMRT) sequencing has revolutionized biological and medical research. These technologies have facilitated the rapid and cost-effective collection of massive amounts of DNA sequence data. Notably, the National Human Genome Research Institute (NHGRI) reports a significant reduction in the cost of sequencing a human genome, from USD 29,092 in 2010 to USD 562 in 2021. This reduction has spurred the widespread adoption of sequencing kits and reagents.
Sequencing kits and reagents play a pivotal role in the sequencing process, providing precise information on DNA sequences. Widely used in research and clinical applications, including drug discovery, precision medicine, agriculture and animal research, and reproductive health, these kits allow sample preparation for various sequencing platforms. Factors such as government initiatives, increased funding for research activities, and a surge in genome mapping programs have further fueled the demand for sequencing kits and reagents.
Top 10 Companies Driving Innovation : https://meticulousblog.org/top-10-companies-in-sequencing-kits-market/
1. Illumina, Inc. (U.S.)
• Illumina, incorporated in 1998 and headquartered in California, U.S., is a leading provider of sequencing- and array-based solutions for genomic and genetic analysis.
• Operating globally through its Core Illumina and GRAIL segments, the company caters to government laboratories, genomic research centers, academic institutions, hospitals, and commercial molecular diagnostics laboratories.
2. Thermo Fisher Scientific Inc. (U.S.)
• Founded in 1956 and based in Massachusetts, U.S., Thermo Fisher Scientific offers products and services across various sectors, including pharmaceutical, biotechnology, and clinical industries.
• With a strong global presence, Thermo Fisher operates through segments like Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Biopharma Services.
3. QIAGEN N.V. (Netherlands)
• QIAGEN N.V., established in 1984 and headquartered in Venlo, Netherlands, is a leading provider of sample and assay technologies for molecular diagnostics and research.
• With offerings in Molecular Diagnostics and Life Sciences, QIAGEN provides a wide range of products, including diagnostics solutions, PCR products, genomic and NGS products, and bioinformatics solutions.
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4. F. Hoffmann-La Roche Ltd (Switzerland)
• Roche, founded in 1896 and based in Basel, Switzerland, is a healthcare company operating in Pharmaceuticals and Diagnostics divisions.
• Roche's Diagnostics division focuses on a broad range of diagnostic products, including next-generation sequencing, molecular diagnostics, and laboratory automation.
5. Agilent Technologies, Inc. (U.S.)
• Agilent Technologies, established in 1999 and headquartered in California, U.S., provides application-focused solutions to the life sciences, diagnostics, and applied chemical markets.
• Operating globally through segments like Life Sciences and Applied Markets, Agilent has a robust presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
6. Beijing Genomics Institute (BGI) (China)
• Founded in 1999 and based in Shenzhen, China, BGI is a global provider of proteomics and genomics sequencing services.
• Serving over 100 countries, BGI specializes in integrated genomic sequencing and proteomic solutions for pharmaceutical companies, medical institutions, and healthcare providers.
7. Pacific Biosciences of California, Inc. (U.S.)
• Pacific Biosciences, incorporated in 2004 and headquartered in California, U.S., focuses on life science technology, providing advancing sequencing solutions.
• With a core emphasis on HiFi long-read sequencing technology and short read Sequencing by Binding (SBB) technology, Pacific Biosciences addresses applications in plant and animal sciences, oncology, infectious disease, and more.
8. Oxford Nanopore Technologies Plc. (U.K.)
• Established in 2005 and headquartered in England, U.K., Oxford Nanopore Technologies is a manufacturer of devices that sequence DNA/RNA directly.
• The company's offerings enable real-time analysis of DNA or RNA, supporting scientific and biomedical research in various application areas.
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9. Danaher Corporation (U.S.)
• Founded in 1984 and headquartered in Washington, D.C., U.S., Danaher Corporation designs, manufactures, and markets products and services for various industries.
• Operating through segments like Life Sciences, Biotechnology, Diagnostics, and Environmental & Applied Solutions, Danaher Corporation has a global presence with subsidiaries such as Beckman Coulter, Inc. (U.S.) and Integrated DNA Technologies, Inc. (U.S.).
10. PerkinElmer, Inc. (U.S.)
• Founded in 1937 and based in Massachusetts, U.S., PerkinElmer is a multinational company offering products, solutions, and services for life sciences, diagnostics, and applied markets.
• Operating through Discovery & Analytical Solutions and Diagnostics segments, PerkinElmer has a widespread network of sales and marketing channels, serving customers in over 190 countries.
Meticulous Research®’s comprehensive report on the Sequencing Kits Market provides detailed insights into each company's recent financial performance, key products, significant strategies, and partnerships and acquisitions. The report also covers global market size estimates, market share analysis, revenue numbers, and key issues and trends.
For more information and to access the full report, visit [Link to Report].
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