DUBLIN--(BUSINESS WIRE)--The "Sanger Sequencing Service Market to 2027 - Global Analysis and Forecasts by Application; End User, and Geography" report has been added to ResearchAndMarkets.com's offering.
The global Sanger sequencing service market is forecasted to reach US$ 1,360.47 Mn in 2027 from US$ 489.43 Mn in 2018. The Sanger sequencing service market is estimated to grow with a CAGR of 12.2% from 2019-2027.
The market is driven due to factors such as the increasing providers for Sanger sequencing services and growing applications of Sanger sequencing. However, the shortage of skilled professionals may limit the growth of the market to a certain extent.
Sanger sequencing requires highly skilled professionals to achieve the proper result for diagnostics, personalized medicine, biomarkers, and others to comply with the national and international regulatory standards. Therefore, laboratories performing Sanger sequencing requires highly qualified, trained, and skilled scientific resources; however, they face the burden of recruiting highly trained and experienced professionals for the studies. The lack of training provided can lead to wrong results.
Additionally, the number of genome editing studies is increasing, which requires skilled professionals to carry out projects. According to the Bureau of Labor Statistics (BLS), in 2016, there were around 335,700 medical and clinical laboratory technologists and technicians employed in the United States. The BLS projected a need for a 13% increase in medical laboratory technologists and technicians between 2016 and 2026. Therefore, the unavailability of skilled professionals is expected to hamper the market growth to a certain extent.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Sanger sequencing service market.
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- The key findings and recommendations highlight crucial progressive industry trends in the global Sanger sequencing service market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Key Topics Covered:
2. Sanger Sequencing Service Market - Key Takeaways
3. Research Methodology
4. Sanger Sequencing Service - Market Landscape
4.2 PEST Analysis
4.3 Expert Opinion
5. Sanger Sequencing Service Market - Key Dynamics
5.1 Key Drivers
5.1.1 Increasing Providers For Sanger Sequencing Services
5.1.2 Growing Application Of Sanger Sequencing
5.2 Key Market Restraints
5.2.1 Dearth of Skilled Professionals
5.3 Key Market Opportunities
5.3.1 Emerging Markets in Developing Countries
5.4 Future Trends
5.4.1 Increasing Number of Start Up Companies for Genome Analysis
5.5 Impact Analysis
6. Sanger Sequencing Service Market - Global Analysis
6.1 Global Sanger Sequencing Service Market Revenue Forecasts And Analysis
6.2 Global Sanger Sequencing Service Market, By Geography - Forecasts And Analysis
6.3 Positioning Of Key Players
6.3.1 Thermo Fisher Scientific Inc.
7. Sanger Sequencing Service Market Analysis And Forecasts To 2027 - Application
7.2 Global Sanger Sequencing Service Market, By Application 2018 & 2027 (%)
7.3 Diagnostics Market
7.4 Biomarkers and Cancer Market
7.5 Reproductive Health Market
7.6 Personalized Medicine Market
7.7 Forensics Market
7.8 Other Applications Market
8. Global Sanger Sequencing Service Market Analysis - By End User
8.2 Global Sanger Sequencing Service Market Share, By End User, 2018 & 2027 (%)
8.3 Academic and Government Research Institutes Market
8.4 Hospitals & Clinics Market
8.5 Pharmaceutical & Biotechnology Companies Market
8.6 Other End Users Market
9. Sanger Sequencing Service Market Revenue And Forecasts To 2027 - Geographical Analysis
9.1 North America Sanger Sequencing Service Market Revenue and Forecasts To 2027
9.2 Europe Sanger Sequencing Service Market Revenue and Forecasts To 2027
9.3 Asia Pacific Sanger Sequencing Service Market Revenue and Forecasts To 2027
9.4 Middle East & Africa Sanger Sequencing Service Market Revenue and Forecasts To 2027
9.5 South and Central America Sanger Sequencing Service Market Revenue and Forecast To 2027
10. Sanger Sequencing Service Market- Industry Landscape
10.1.1 Recent Developments By Players In The Sanger Sequencing Service Market
11. Sanger Sequencing Service Market-Key Company Profiles
11.1 Microsynth AG
11.2 Laragen, Inc
11.3 StarSEQ GmbH
11.4 Thermo Fisher Scientific, Inc.
11.5 LGC Biosearch Technologies
11.6 Fasteris SA
11.7 Quintara Biosciences
11.8 GENEWIZ (Brooks Automation, Inc.)
11.10 SciGenom Labs
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