Posted 3/7/2024, 2:00:00 AM
Sequencing Market Set for Robust Growth to $66B by 2033 Driven by Technology Advances and Genomic Research Expansion
- Sequencing consumables market expected to grow from $7.83B in 2023 to $66B in 2033, a CAGR of 23.76%
- Growth driven by technological developments in sequencing and increased funding for genomic research
- Asia Pacific projected to expand at highest CAGR of 25.63% due to healthcare spending, precision medicine emphasis, and genome research expansion
- Reagents segment expected to register highest CAGR of 27.53% due to critical role in sequencing workflows
- Hospitals and labs segment likely to have highest CAGR of 28.28% because of reliance on sequencing for disease research and genomic medicine