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Nanopore Sequencing Market Insights 2024, Analysis and Forecast to 2029, by Market Participants, Regions, Technology, Product Type

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    Report

  • 77 Pages
  • November 2024
  • Region: Global
  • Prof Research
  • ID: 6032751
Description Jump to:
The nanopore sequencing market, an emerging and rapidly growing segment of next-generation sequencing (NGS) technologies, is expected to see substantial growth due to advancements in sequencing accuracy, speed, and portability. Nanopore sequencing has garnered attention for its ability to sequence long DNA/RNA molecules in real-time, enabling a wide range of applications in genomics, diagnostics, and personalized medicine. The market is predicted to grow at a compound annual growth rate (CAGR) of 45.0% to 50.0% during the forecast period from 2024 to 2029, driven by innovations in nanopore technology and increasing demand for high-throughput, cost-effective sequencing solutions.

Market Size

The nanopore sequencing market is poised for significant growth, with key drivers including the need for faster sequencing capabilities and real-time data analysis. The market’s expansion is fueled by both technological advancements in sequencing devices and a broader acceptance of nanopore sequencing across research, clinical diagnostics, and personalized medicine sectors. As a result, the market is expected to grow at a robust CAGR of 45.0% to 50.0% over the next five years, with a broad increase in adoption across a variety of industries.

Market Share & Trends Analysis

By Product Type

The nanopore sequencing market is primarily segmented into sequencing devices, flow cells, and sample preparation consumables. Each product type is expected to experience strong growth driven by technological advancements and increased demand for sequencing solutions:
  • Sequencing Devices: Sequencing devices are expected to dominate the market, driven by continuous improvements in device performance and increasing use in genomic research, clinical diagnostics, and environmental monitoring. This segment is projected to grow at a CAGR of 45.0% to 50.0%, as devices become more compact, affordable, and capable of producing real-time sequencing data.
  • Flow Cells: Flow cells are an essential part of nanopore sequencing, allowing for the passage of biological molecules through nanopores for sequencing analysis. This segment is expected to grow at a CAGR of 42.0% to 48.0%, propelled by the increasing demand for high-quality sequencing devices and improved flow cell designs.
  • Sample Preparation Consumables: Sample preparation consumables such as reagents and kits are vital for the sequencing process. As the demand for nanopore sequencing increases, the sample preparation segment is forecast to grow at a CAGR of 40.0% to 45.0%, reflecting the growing need for optimized sample preparation protocols to ensure successful sequencing outcomes.

By Application

The applications of nanopore sequencing span across various industries, including genomics, diagnostics, and personalized medicine. Each application area is expected to contribute to the overall market growth:
  • Genomic Research: Genomic research is one of the largest and fastest-growing applications for nanopore sequencing, expected to grow at a CAGR of 45.0% to 50.0% due to the increasing use of nanopore sequencing for whole-genome sequencing, metagenomics, and transcriptomics. The ability to analyze long DNA/RNA reads in real-time provides a significant advantage for genomic research.
  • Clinical Diagnostics: Clinical diagnostics is another rapidly growing application, with nanopore sequencing being increasingly used for the diagnosis of genetic disorders, infectious diseases, and cancer. This segment is expected to grow at a CAGR of 43.0% to 48.0% as healthcare systems adopt nanopore sequencing for real-time diagnostics and personalized treatment strategies.
  • Personalized Medicine: Personalized medicine is expected to grow at a CAGR of 42.0% to 47.0%, driven by the increasing need for customized treatments based on genetic profiles. Nanopore sequencing’s ability to provide fast, accurate, and long-read sequencing results is a significant contributor to the growing application of this technology in personalized medicine.

By Key Players

The nanopore sequencing market is highly competitive, with several leading companies driving technological advancements and expanding their product offerings:
  • Illumina: Illumina is a major player in the sequencing market, offering a broad portfolio of sequencing platforms. While traditionally dominant in short-read sequencing, Illumina is actively developing nanopore sequencing solutions to capture a larger share of the growing market.
  • Oxford Nanopore Technologies: Oxford Nanopore is the leader in nanopore sequencing technology, offering innovative products like the MinION and GridION. The company's devices are revolutionizing genomics with real-time sequencing capabilities, and it is expected to maintain a dominant position in the market.
  • Life Technologies: Life Technologies, part of Thermo Fisher Scientific, is focusing on expanding its nanopore sequencing technology offerings. The company is working on advancing its sequencing devices and consumables to cater to the growing demand for next-generation sequencing solutions.

By Region

The nanopore sequencing market is geographically diverse, with significant growth expected across North America, Europe, and the Asia-Pacific region:
  • North America: North America is expected to hold the largest market share, accounting for 40% to 45% of the global nanopore sequencing market. The region is projected to grow at a CAGR of 45.0% to 50.0%, driven by strong investments in genomic research, the presence of major players like Illumina and Oxford Nanopore, and increasing demand for clinical diagnostics and personalized medicine applications.
  • Europe: Europe is expected to capture 25% to 30% of the market share, with a projected CAGR of 42.0% to 47.0%. The growth is driven by the strong presence of research institutions, the increasing adoption of nanopore sequencing in genomics, and the rise in clinical applications.
  • Asia-Pacific: The Asia-Pacific region is expected to experience the highest growth rate, with a projected CAGR of 48.0% to 52.0%, driven by significant advancements in genomics research and healthcare infrastructure in countries like China, Japan, and India. The region is anticipated to account for 20% to 25% of the global market share by 2029.
  • Rest of the World: The rest of the world, including Latin America and the Middle East, is projected to grow at a CAGR of 38.0% to 42.0%, driven by increasing adoption of genomic technologies and improvements in healthcare systems.


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Table of Contents

Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
5.6 COVID-19 Impact
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Nanopore Sequencing Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Nanopore Sequencing Market in North America (2019-2029)
8.1 Nanopore Sequencing Market Size
8.2 Nanopore Sequencing Market by End Use
8.3 Competition by Players/Suppliers
8.4 Nanopore Sequencing Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Nanopore Sequencing Market in South America (2019-2029)
9.1 Nanopore Sequencing Market Size
9.2 Nanopore Sequencing Market by End Use
9.3 Competition by Players/Suppliers
9.4 Nanopore Sequencing Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Nanopore Sequencing Market in Asia & Pacific (2019-2029)
10.1 Nanopore Sequencing Market Size
10.2 Nanopore Sequencing Market by End Use
10.3 Competition by Players/Suppliers
10.4 Nanopore Sequencing Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southeast Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Nanopore Sequencing Market in Europe (2019-2029)
11.1 Nanopore Sequencing Market Size
11.2 Nanopore Sequencing Market by End Use
11.3 Competition by Players/Suppliers
11.4 Nanopore Sequencing Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Nanopore Sequencing Market in MEA (2019-2029)
12.1 Nanopore Sequencing Market Size
12.2 Nanopore Sequencing Market by End Use
12.3 Competition by Players/Suppliers
12.4 Nanopore Sequencing Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Nanopore Sequencing Market (2019-2024)
13.1 Nanopore Sequencing Market Size
13.2 Nanopore Sequencing Market by End Use
13.3 Competition by Players/Suppliers
13.4 Nanopore Sequencing Market Size by Type
Chapter 14 Global Nanopore Sequencing Market Forecast (2024-2029)
14.1 Nanopore Sequencing Market Size Forecast
14.2 Nanopore Sequencing Application Forecast
14.3 Competition by Players/Suppliers
14.4 Nanopore Sequencing Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 Illumina
15.1.1 Company Profile
15.1.2 Main Business and Nanopore Sequencing Information
15.1.3 SWOT Analysis of Illumina
15.1.4 Illumina Nanopore Sequencing Revenue, Gross Margin and Market Share (2019-2024)
15.2 Oxford Nanopore
15.2.1 Company Profile
15.2.2 Main Business and Nanopore Sequencing Information
15.2.3 SWOT Analysis of Oxford Nanopore
15.2.4 Oxford Nanopore Nanopore Sequencing Revenue, Gross Margin and Market Share (2019-2024)
15.3 Life Technologies
15.3.1 Company Profile
15.3.2 Main Business and Nanopore Sequencing Information
15.3.3 SWOT Analysis of Life Technologies
15.3.4 Life Technologies Nanopore Sequencing Revenue, Gross Margin and Market Share (2019-2024)
List of Tables and Figures
Table Abbreviation and Acronyms
Table Research Scope of Nanopore Sequencing Report
Table Data Sources of Nanopore Sequencing Report
Table Major Assumptions of Nanopore Sequencing Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Nanopore Sequencing Picture
Table Nanopore Sequencing Classification
Table Nanopore Sequencing Applications
Table Drivers of Nanopore Sequencing Market
Table Restraints of Nanopore Sequencing Market
Table Opportunities of Nanopore Sequencing Market
Table Threats of Nanopore Sequencing Market
Table COVID-19 Impact For Nanopore Sequencing Market
Table Raw Materials Suppliers
Table Different Production Methods of Nanopore Sequencing
Table Cost Structure Analysis of Nanopore Sequencing
Table Key End Users
Table Latest News of Nanopore Sequencing Market
Table Merger and Acquisition
Table Planned/Future Project of Nanopore Sequencing Market
Table Policy of Nanopore Sequencing Market
Table 2019-2029 North America Nanopore Sequencing Market Size
Figure 2019-2029 North America Nanopore Sequencing Market Size and CAGR
Table 2019-2029 North America Nanopore Sequencing Market Size by Application
Table 2019-2024 North America Nanopore Sequencing Key Players Revenue
Table 2019-2024 North America Nanopore Sequencing Key Players Market Share
Table 2019-2029 North America Nanopore Sequencing Market Size by Type
Table 2019-2029 United States Nanopore Sequencing Market Size
Table 2019-2029 Canada Nanopore Sequencing Market Size
Table 2019-2029 Mexico Nanopore Sequencing Market Size
Table 2019-2029 South America Nanopore Sequencing Market Size
Figure 2019-2029 South America Nanopore Sequencing Market Size and CAGR
Table 2019-2029 South America Nanopore Sequencing Market Size by Application
Table 2019-2024 South America Nanopore Sequencing Key Players Revenue
Table 2019-2024 South America Nanopore Sequencing Key Players Market Share
Table 2019-2029 South America Nanopore Sequencing Market Size by Type
Table 2019-2029 Brazil Nanopore Sequencing Market Size
Table 2019-2029 Argentina Nanopore Sequencing Market Size
Table 2019-2029 Chile Nanopore Sequencing Market Size
Table 2019-2029 Peru Nanopore Sequencing Market Size
Table 2019-2029 Asia & Pacific Nanopore Sequencing Market Size
Figure 2019-2029 Asia & Pacific Nanopore Sequencing Market Size and CAGR
Table 2019-2029 Asia & Pacific Nanopore Sequencing Market Size by Application
Table 2019-2024 Asia & Pacific Nanopore Sequencing Key Players Revenue
Table 2019-2024 Asia & Pacific Nanopore Sequencing Key Players Market Share
Table 2019-2029 Asia & Pacific Nanopore Sequencing Market Size by Type
Table 2019-2029 China Nanopore Sequencing Market Size
Table 2019-2029 India Nanopore Sequencing Market Size
Table 2019-2029 Japan Nanopore Sequencing Market Size
Table 2019-2029 South Korea Nanopore Sequencing Market Size
Table 2019-2029 Southeast Asia Nanopore Sequencing Market Size
Table 2019-2029 Australia Nanopore Sequencing Market Size
Table 2019-2029 Europe Nanopore Sequencing Market Size
Figure 2019-2029 Europe Nanopore Sequencing Market Size and CAGR
Table 2019-2029 Europe Nanopore Sequencing Market Size by Application
Table 2019-2024 Europe Nanopore Sequencing Key Players Revenue
Table 2019-2024 Europe Nanopore Sequencing Key Players Market Share
Table 2019-2029 Europe Nanopore Sequencing Market Size by Type
Table 2019-2029 Germany Nanopore Sequencing Market Size
Table 2019-2029 France Nanopore Sequencing Market Size
Table 2019-2029 United Kingdom Nanopore Sequencing Market Size
Table 2019-2029 Italy Nanopore Sequencing Market Size
Table 2019-2029 Spain Nanopore Sequencing Market Size
Table 2019-2029 Belgium Nanopore Sequencing Market Size
Table 2019-2029 Netherlands Nanopore Sequencing Market Size
Table 2019-2029 Austria Nanopore Sequencing Market Size
Table 2019-2029 Poland Nanopore Sequencing Market Size
Table 2019-2029 Russia Nanopore Sequencing Market Size
Table 2019-2029 MEA Nanopore Sequencing Market Size
Figure 2019-2029 MEA Nanopore Sequencing Market Size and CAGR
Table 2019-2029 MEA Nanopore Sequencing Market Size by Application
Table 2019-2024 MEA Nanopore Sequencing Key Players Revenue
Table 2019-2024 MEA Nanopore Sequencing Key Players Market Share
Table 2019-2029 MEA Nanopore Sequencing Market Size by Type
Table 2019-2029 Egypt Nanopore Sequencing Market Size
Table 2019-2029 Israel Nanopore Sequencing Market Size
Table 2019-2029 South Africa Nanopore Sequencing Market Size
Table 2019-2029 Gulf Cooperation Council Countries Nanopore Sequencing Market Size
Table 2019-2029 Turkey Nanopore Sequencing Market Size
Table 2019-2024 Global Nanopore Sequencing Market Size by Region
Table 2019-2024 Global Nanopore Sequencing Market Size Share by Region
Table 2019-2024 Global Nanopore Sequencing Market Size by Application
Table 2019-2024 Global Nanopore Sequencing Market Share by Application
Table 2019-2024 Global Nanopore Sequencing Key Vendors Revenue
Figure 2019-2024 Global Nanopore Sequencing Market Size and Growth Rate
Table 2019-2024 Global Nanopore Sequencing Key Vendors Market Share
Table 2019-2024 Global Nanopore Sequencing Market Size by Type
Table 2019-2024 Global Nanopore Sequencing Market Share by Type
Table 2024-2029 Global Nanopore Sequencing Market Size by Region
Table 2024-2029 Global Nanopore Sequencing Market Size Share by Region
Table 2024-2029 Global Nanopore Sequencing Market Size by Application
Table 2024-2029 Global Nanopore Sequencing Market Share by Application
Table 2024-2029 Global Nanopore Sequencing Key Vendors Revenue
Figure 2024-2029 Global Nanopore Sequencing Market Size and Growth Rate
Table 2024-2029 Global Nanopore Sequencing Key Vendors Market Share
Table 2024-2029 Global Nanopore Sequencing Market Size by Type
Table 2024-2029 Nanopore Sequencing Global Market Share by Type

Companies Mentioned

  • Illumina
  • Oxford Nanopore
  • Life Technologies

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