The Sanger sequencing service market size is projected to reach US$ 2,292.71 million by 2031 from US$ 841.62 million in 2023. The market is expected to register a CAGR of 13.3% during 2023–2031. Increasing number for Next-generation Sequencing and adoption of automation and robotics are likely to remain key trends in the market.
Sanger Sequencing Service Market Analysis
The sanger sequencing service market is driven by increasing research and development in genomics including genomic sequencing gene expression profiling, genetic variation analysis. Sanger sequencing remains a valued tool for validation of NGS data, targeted gene sequencing, and other specific genomics research applications. Additionally, increasing adoption of clinical diagnostics and personalized medicine is also expected to contribute to the market growth. Sanger sequencing plays an important role in clinical diagnostics for identifying genetic mutations associated with genetic disorders, cancer, and other disorders. Moreover, the surging adoption of personalized medicine and the need for precise genetic testing are contributing to the market growth. However, increasing use of sanger sequencing services in emerging economies is expected to create ample opportunities for the market growth in coming years.
Sanger Sequencing Service Market Overview
Sanger sequencing services market is expected to register the significant growth rate owing to the increase in research and development in genomics, clinical diagnostics, personalized medicine and others along with increasing number of service providers globally. Additionally, increasing use of sanger sequencing services in emerging economies is expected to create opportunities in coming years. The biomarkers and cancer application areas segment accounts for the largest market share owing to the surging incidence of cancer, increasing research on cancer biomarkers and increasing use of cancer biomarkers in drug discovery and diagnostics. Furthermore, In 2023, North America accounts for largest share in global Sanger sequencing service market and was projected to have highest market share over the forecast period. The growth of the Sanger sequencing service market in this region is primarily driven by the increasing cancer research, funding’s and developments for genomics and precision medicine. However, Asia Pacific is the fastest growing region owing to growing research activities and increasing presence of major market player are driving growth in the Asia Pacific region.
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Sanger Sequencing Service Market: Strategic Insights
Market Size Value in US$ 489.43 Million in 2018 Market Size Value by US$ 1,360.47 Million by 2027 Growth rate CAGR of 12.2% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Sanger Sequencing Service Market: Strategic Insights
Market Size Value in | US$ 489.43 Million in 2018 |
Market Size Value by | US$ 1,360.47 Million by 2027 |
Growth rate | CAGR of 12.2% from 2019-2027 |
Forecast Period | 2019-2027 |
Base Year | 2019 |
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Speak to AnalystSanger Sequencing Service Market Drivers and Opportunities
Increasing Providers for Sanger Sequencing Services and Applications to Favor Market
Sanger sequencing service-providing companies are expanding their global reach to the market and also playing a significant role in increasing the adaptability of sequencing technologies across the globe. For instance, In June 2023, Source Genomics, a part of the Source BioScience group opened new laboratory in the North of England. This will provide Source Genomics industry-leading Sanger Sequencing service to the northern territory with faster turnaround times for optimized data delivery.
Moreover, in recent years, the CRISPR-Cas9 system has been established as the editing technique in complex organisms. This system is greatly considered as a choice due to advantages offered by it, such as cost-effectiveness, ease of use, and the high efficacy of desired targeted edits. However, in genome editing experiments, the repair process is not completely accurate; therefore, fragment analysis or Sanger sequencing by capillary electrophoresis (CE) are used to determine the efficiency of CRISPR-mediated genome editing in primary transformed cell cultures. Additionally, Sanger sequencing is also used to determine successful editing events in secondary clones. Thus, the growing usage of Sanger sequencing in different application will propel the Sanger sequencing service market.
Increasing Applications in Emerging Economies
The emerging markets in the developing countries in the Asia Pacific region are creating better opportunities for the major market players to expand their business. Most of the major players focus on emerging markets such as India, China, and others. As they have a large population and technological advancements in these countries also favor the growth of the market.
Furthermore, the growing healthcare sector in this region is likely to enhance the growth opportunities for the prenatal and newborn genetic testing market. For instance, the increasing number of corporate hospitals like Apollo group, Max, Fortis, and others in India is likely increasing professionalism as well as lead to the emergence of the latest medical technology. The Max Healthcare offers the prenatal test in India in order to identify as well as prevent the genetic disability in the newborn.
Thus, the growing population in emerging countries and advanced healthcare sector in the region is likely to boost the market and is expected to provide significant growth opportunities to the players operating in the market during the forecast period.
Sanger Sequencing Service Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Sanger sequencing service market analysis are application and end user.
- Based on application, the Sanger sequencing service market is segment into diagnostics, biomarkers and cancer, reproductive health, personalized medicine, forensics, others. The biomarkers and cancer segment held a largest market share in 2023.
- In terms of end user, the market is classified into academic and government research institutes, hospitals and clinics, biotechnology companies and pharmaceutical companies and others. The academic and government research institutes segment held a significant share of the market in 2023.
Sanger Sequencing Service Market Share Analysis by Geography
The geographic scope of the Sanger sequencing service market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the sanger sequencing service market and is estimated to have a larger share in the United States. The growth of the Sanger sequencing service market in the United States is expected to grow owing to rising applications of the Sanger sequencing. Molecular profiling of cancers is very crucial in personalized cancer therapy, or precision oncology. Sanger sequencing enables detection of low-level variant in the given sample with minimal amounts of DNA, such as formalin-fixed paraffin-embedded (FFPE) tissues. Thus, growing cancer prevalence in US is likely to demand for Sanger sequencing services. The National Cancer Institute estimated that in 2018, approximately 1,735,350 new cases of cancer will be diagnosed in the US. Furthermore, Sanger sequencing is used for confirming the sequence variants identified by Next Generation Sequencing. Thus, growing adoption of NGS in diagnostic laboratories and research institutes is likely to favor market growth. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Sanger Sequencing Service Market Report Scope
Sanger Sequencing Service Market News and Recent Developments
The Sanger sequencing service market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Sanger sequencing service market are listed below:
- Source Genomics, a part of Source BioScience group opened new laboratory in the North of England in June 2023. This will provide Source Genomics industry-leading Sanger Sequencing service to the northern territory with faster turnaround times for optimised data delivery. ( Source: Source BioScience, Company Website, 2023)
- Eurofins Genomics launched a revolutionary new, low-cost, whole plasmid sequencing service with same-day results. By leveraging Gen3 NGS (next generation sequencing) technology, this new service delivers a single-base accuracy of up to 99%. The new service, Whole Plasmid Sequencing, seeks to close the gap between Sanger and NGS by offering an affordable, fast solution for long-read sequencing. (Source: Eurofins Scientific, Company Website, 2023)
- Thermo Fisher Scientific launched its latest generation of SeqStudio Flex Series Genetic Analyzer to enable customers' cutting-edge research in areas such as gene editing and infectious disease. Capillary Electrophoresis (CE), which enables Sanger sequencing and fragment analysis is an important tool for improving clinical research and advancing scientific discovery. The SeqStudio Flex Genetic Analyzer delivers the gold-standard quality of CE technology with accurate data and reliable performance. (Source: Business Standard, Newsletter, 2022)
Sanger Sequencing Service Market Report Coverage and Deliverables
The “Sanger Sequencing Service Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Sanger sequencing service market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Sanger sequencing service market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Sanger sequencing service market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Sanger sequencing service market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application ; End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
In terms of market share, North America region has dominated the Sanger sequencing service market in 2023
The driving factors impacting the Sanger sequencing service market includes increase in research and development in genomics, clinical diagnostics, personalized medicine and others along with increasing number of service providers globally
Increasing number for Next-generation Sequencing and adoption of automation and robotics are the future trends of the Sanger sequencing service market
The leading players operating in the Sanger sequencing service market includes Microsynth AG, Laragen, Inc., StarSEQ GmbH, Thermo Fisher Scientific, Inc., LGC Biosearch Technologies, Fasteris SA, Quintara Biosciences, GENEWIZ, GenScript, and SciGenom Labs among others
The estimated value of the Sanger sequencing service market by the end of 2031 is US$ 2,292.71 Mn
The expected CAGR of the Sanger sequencing service market form 2023- 2031 is 13.3%
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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