Market Overview:
The global genome sequencing equipment market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision medicine, rising prevalence of genetic disorders, and growing investments in life sciences research. Based on type, the global genome sequencing equipment market is segmented into Pacific Bio sequencing, Ion Torrent sequencing, Illumina sequencing, and SOLiD Sequencing. Illumina dominates the global market with a share of more than 50%. However, Pacific Biosciences (PacBio) is expected to grow at a high CAGR during the forecast period owing to its advantages such as long read lengths and ability to sequence complex genomes. Based on application, the global genome sequencing equipment market is segmented into medicine & diagnostics; biology & agriculture; geology & mining; forensics & law enforcement; and others including animal husbandry and aquaculture). Medicine & diagnostics account for majority of revenue generated in this market owing to increasing use of genomic data in drug discovery process and development of personalized medicines.
Product Definition:
Genome sequencing equipment is used to sequence the genomes of organisms. The importance of genome sequencing is that it can help us understand the genetic makeup of an organism and how it functions.
Pacific Bio:
Pacific Bio is a new term in the life science industry and it stands for Pacific Biotechnology Laboratories. It is also known as Lab-on-a-Chip technology or microfluidic technology. This technology has gained huge success since its invention in academic institutes like University of California, San Francisco, Columbia University etc.
Ion Torrent sequencing:
Ion Torrent is a leading manufacturer of genetic sequencing equipment and provides an extensive range of platforms for genome sequencing. The company’s flagship product, the Ion Torrent PGM System, is used to sequence DNA or whole genomes in a single run with high accuracy and precision. It uses the principle of molecular ionization to accelerate the detection process by orders of magnitude compared to other technologies such as Sanger sequencing.
Application Insights:
The application segment is sub-divided into medicine, biology, geology, agriculture and others. Medicine held the largest share in terms of revenue in 2017. The rising prevalence of chronic diseases such as cancer and diabetes has led to an increased demand for genome sequencing equipment for research purposes. Moreover, an increase in the number of genetic disease associations through consanguineous marriages further boosts product demand from this sector.
Biology is anticipated to witness a lucrative CAGR during the forecast period owing to increasing government funding initiatives towards mapping population structure along with applications such as plant & animal breeding and crop improvement through biotechnology products & services utilization. In addition, new market entrants are constantly seeking genomic information related to species identification and conservation which further drives this application segment growth over the forecast period.
Geology also holds significant potential due to its wide range of applications including oil & gas exploration activities across various industries including pharmaceuticals.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, increased funding for genomic research, and high adoption rate for advanced technologies among healthcare professionals. Moreover, increasing prevalence of chronic diseases coupled with rising demand for personalized medicine is expected to drive growth over the forecast period.
Asia Pacific is estimated to grow at a lucrative CAGR during the forecast period owing to factors such as low cost of sequencing compared with western countries and increase in government support towards genomic studies in emerging economies such as China and India. Furthermore, an increase in R&D activities related to sequencing instruments will also contribute towards regional growth over the next eight years.
Growth Factors:
- Increasing demand for personalized medicine
- Growing number of cancer patients
- Rising prevalence of genetic disorders
- Technological advancements in genome sequencing equipment
- Increasing research and development expenditure on genome sequencing
Scope Of The Report
Report Attributes
Report Details
Report Title
Genome Sequencing Equipment Market Research Report
By Type
Pacific Bio, Ion Torrent sequencing, Illumina, SOLiD sequencing
By Application
Medicine, Biology, Geology, Agriculture, Others
By Companies
BGI, Roche, Qiagen, Pacific Biosciences, Sequenom, DAAN Gene, Agilent Technologies, Berry Genomics, Hunan China Sun Pharmaceutical Machinery, Jilin Zixin Pharmaceutical Industrial, Illumina, Thermo Fisher Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Genome Sequencing Equipment Market Report Segments:
The global Genome Sequencing Equipment market is segmented on the basis of:
Types
Pacific Bio, Ion Torrent sequencing, Illumina, SOLiD sequencing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medicine, Biology, Geology, Agriculture, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BGI
- Roche
- Qiagen
- Pacific Biosciences
- Sequenom
- DAAN Gene
- Agilent Technologies
- Berry Genomics
- Hunan China Sun Pharmaceutical Machinery
- Jilin Zixin Pharmaceutical Industrial
- Illumina
- Thermo Fisher Scientific
Highlights of The Genome Sequencing Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pacific Bio
- Ion Torrent sequencing
- Illumina
- SOLiD sequencing
- By Application:
- Medicine
- Biology
- Geology
- Agriculture
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Genome Sequencing Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Genome sequencing equipment is a laboratory tool used to read the entire sequence of a person's genome.
Some of the major companies in the genome sequencing equipment market are BGI, Roche, Qiagen, Pacific Biosciences, Sequenom, DAAN Gene, Agilent Technologies, Berry Genomics, Hunan China Sun Pharmaceutical Machinery, Jilin Zixin Pharmaceutical Industrial, Illumina, Thermo Fisher Scientific.
The genome sequencing equipment market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Genome Sequencing Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Genome Sequencing Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Genome Sequencing Equipment Market - Supply Chain
4.5. Global Genome Sequencing Equipment Market Forecast
4.5.1. Genome Sequencing Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Genome Sequencing Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Genome Sequencing Equipment Market Absolute $ Opportunity
5. Global Genome Sequencing Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Genome Sequencing Equipment Market Size and Volume Forecast by Type
5.3.1. Pacific Bio
5.3.2. Ion Torrent sequencing
5.3.3. Illumina
5.3.4. SOLiD sequencing
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Genome Sequencing Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Genome Sequencing Equipment Market Size and Volume Forecast by Application
6.3.1. Medicine
6.3.2. Biology
6.3.3. Geology
6.3.4. Agriculture
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Genome Sequencing Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Genome Sequencing Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Genome Sequencing Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Genome Sequencing Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Genome Sequencing Equipment Demand Share Forecast, 2019-2026
9. North America Genome Sequencing Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Genome Sequencing Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Genome Sequencing Equipment Market Size and Volume Forecast by Application
9.4.1. Medicine
9.4.2. Biology
9.4.3. Geology
9.4.4. Agriculture
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Genome Sequencing Equipment Market Size and Volume Forecast by Type
9.7.1. Pacific Bio
9.7.2. Ion Torrent sequencing
9.7.3. Illumina
9.7.4. SOLiD sequencing
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Genome Sequencing Equipment Demand Share Forecast, 2019-2026
10. Latin America Genome Sequencing Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Genome Sequencing Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Genome Sequencing Equipment Market Size and Volume Forecast by Application
10.4.1. Medicine
10.4.2. Biology
10.4.3. Geology
10.4.4. Agriculture
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Genome Sequencing Equipment Market Size and Volume Forecast by Type
10.7.1. Pacific Bio
10.7.2. Ion Torrent sequencing
10.7.3. Illumina
10.7.4. SOLiD sequencing
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Genome Sequencing Equipment Demand Share Forecast, 2019-2026
11. Europe Genome Sequencing Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Genome Sequencing Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Genome Sequencing Equipment Market Size and Volume Forecast by Application
11.4.1. Medicine
11.4.2. Biology
11.4.3. Geology
11.4.4. Agriculture
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Genome Sequencing Equipment Market Size and Volume Forecast by Type
11.7.1. Pacific Bio
11.7.2. Ion Torrent sequencing
11.7.3. Illumina
11.7.4. SLiD sequencing
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Genome Sequencing Equipment Demand Share, 2019-2026
12. Asia Pacific Genome Sequencing Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Genome Sequencing Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Genome Sequencing Equipment Market Size and Volume Forecast by Application
12.4.1. Medicine
12.4.2. Biology
12.4.3. Geology
12.4.4. Agriculture
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Genome Sequencing Equipment Market Size and Volume Forecast by Type
12.7.1. Pacific Bio
12.7.2. Ion Torrent sequencing
12.7.3. Illumina
12.7.4. SOLiD sequencing
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Genome Sequencing Equipment Demand Share, 2019-2026
13. Middle East & Africa Genome Sequencing Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Genome Sequencing Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Genome Sequencing Equipment Market Size and Volume Forecast by Application
13.4.1. Medicine
13.4.2. Biology
13.4.3. Geology
13.4.4. Agriculture
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Genome Sequencing Equipment Market Size and Volume Forecast by Type
13.7.1. Pacific Bio
13.7.2. Ion Torrent sequencing
13.7.3. Illumina
13.7.4. SOLiD sequencing
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Genome Sequencing Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Genome Sequencing Equipment Market: Market Share Analysis
14.2. Genome Sequencing Equipment Distributors and Customers
14.3. Genome Sequencing Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BGI
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Roche
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Qiagen
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Pacific Biosciences
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sequenom
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DAAN Gene
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Agilent Technologies
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Berry Genomics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hunan China Sun Pharmaceutical Machinery
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jilin Zixin Pharmaceutical Industrial
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Illumina
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Thermo Fisher Scientific
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
