Global Targeted Sequencing Market to Reach $10.97 Billion by 2032 - Exclusive DeepTech M-A-PTM Analysis by BIS Research
Copyright 2022 PR Newswire. All Rights Reserved2023-02-23
The major advantage of targeted sequencing as compared to whole genome sequencing is the smaller and more manageable data sets created, which are significantly easier to analyze.
FREMONT, Calif., Feb. 23, 2023 /PRNewswire/ -- BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Targeted Sequencing Market – A Global and Regional Analysis.
According to this study, the global targeted sequencing market was valued at $3.19 billion in 2022 and is projected to reach $10.97 billion by 2032.
The following factors are responsible for the increase in demand for targeted sequencing:Rising need for sequencing at greater depthLower cost and data burden of targeted sequencing when compared to whole genome sequencingIncreasing cancer prevalence
The detailed study is a compilation of 11 market data tables and 178 figures spread through 256 pages.
Check out the detailed table of content here →
Analyst's Take on the Market Projection
According to Nitish Kumar, Principal Consultant, BIS Research, "Global targeted sequencing market is a rapidly emerging market and is expected to dominate NGS sequencing in the coming years due to the continuous increase in the demand for disease diagnosis and industrial analysis using next-generation sequencing technology." Request a FREE sample of this report here →
Targeted DNA Sequencing to be the Leading Target Capture Type
Targeted gene sequencing panels are used for analyzing specific mutations in each sample. With targeted sequencing, one can focus on a selected area of the set of genes in the genome that have known or suspected associations with the phenotype or disease that is being studied.
Deeper sequencing and higher depth of coverage with targeted sequencing can help avoid false interpretations of the sequencing data. This focused approach allows the possibility of the use of targeted sequencing in targeted therapy applications and personalized medicine efforts.
According to BIS Research's study, the global targeted sequencing market (by type of target capture) was dominated by targeted DNA sequencing segments, holding a 63.63% market share and growing with a CAGR of 13.46%. The high share of targeted DNA sequencing is attributed to easier analysis and faster results.
Major Existing Industry Leaders in the Targeted Sequencing Market
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are Agilent Technologies, Inc., Azenta US, Inc. (GENEWIZ), BGI Group (MGI Tech Co., Ltd.), CD Genomics., Daicel Corporation (Daicel Arbor Biosciences), Danaher (Integrated DNA Technologies, Inc.), F. Hoffmann-La Roche Ltd., Illumina, Inc., LGC Limited (LGC Biosearch Technologies), PacBio., PerkinElmer Inc., Psomagen, QIAGEN N.V., Takara Bio Inc., Tecan Trading AG, Thermo Fisher Scientific Inc., and Twist Bioscience.
Recent Developments in the Global Targeted Sequencing Market In
August 2022, QIAGEN N.V. launched its QIAseq targeted DNA pro panels and the QIAseq UPXome RNA library kit as an expansion of its next-generation sequencing (NGS) portfolio. Both these launches lead to the growth of the company's sequencing product portfolio.In
September 2022, BGI Group (MGI Tech Co., Ltd.) launched its DNBSEQ-G99, which is mid to low-range throughput sequencer. This makes this sequencer especially suitable for targeted gene sequencing, small gene sequencing, and high- and rapid-quality data output.In
June 2022, Agilent Technologies, Inc. announced its collaboration with the Amazon Elastic Compute Cloud (Amazon EC2) G5g powered by Amazon Web Services (AWS) Graviton2 processors. The NVIDIA T4G Tensor Core GPUs, combined with NVIDIA Clara Parabricks' advanced genomics capabilities, improved Agilent Technologies, Inc.'s cloud-native Alissa Reporter software. This collaboration is expected to streamline the company's SureSelect family NGS assays, which comprise a wide range of custom and catalog panels.In
June 2022, Danaher. (Integrated DNA Technologies, Inc.) made an agreement with
Beckman Coulter, Inc. Life Sciences for the distribution of its Biomek NGenius Next Generation Sequencing Library Prep System. This deal helped make high-performance NGS solutions more accessible to laboratories.
Want to learn more about the latest trends in precision medicine? Speak to our analysts
Exclusive DeepTech MAP™ Analysis for Healthcare by BIS Research:
Global Long-Read Sequencing Market
Global Whole Genome and Exome Sequencing Market
About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.
Head of Marketing
Email: [email protected]
BIS Research Inc.
39111 PASEO PADRE PKWY STE 313,
FREMONT CA 94538-1686
Visit our Blog @ https://bisresearch.com/news
Get Expert Insights @ https://community.insightmonk.comConnect with us on LinkedIn @ https://www.linkedin.com/company/bis-researchConnect with us on [email protected] https://twitter.com/BISResearch
View original content:https://www.prnewswire.co.uk/news-releases/global-targeted-sequencing-market-to-reach-10-97-billion-by-2032--exclusive-deeptech-m-a-ptm-analysis-by-bis-research-301754468.html
Buhro takes individual crown as Oak Harbor earns sectional championshipOwen Miller (138 pounds) beat Lakota's Grant Bomer 8-4, Hayden Burhro beat Lakota's Braxton Quantance 3-1 and Bodee Miller (113) beat Port Clinton's Josh Cornell by default in the finals as host Oak Harbor captured a sectional championship Saturday in Division III. Zavier Materni (144) edged Lakota's Cody Biddle 5-4 and Ethan Crawford (215) pinned Lake's Ryan Ranes at 2:40 in the final for the Comets. Jack Caldwell (157) beat Lakota's Case Paul 3-1 in overtime and Eli Wolph (190) topped Lakota's Jon Rosas 13-9 in the finals as Woodmore finished seventh. Woodmore's Michael Seeger (150) pinned Lakota's Ethan Bomer in 2:10 to finish third. Heavyweight Jacob Wetzel pinned Otsego's Adolfo Martinez-Alba in 1:44 to finish third as St. Joseph Central Catholic finished eighth.27 days ago The News-Messenger
Minico head coach Clay Robinson admitted to feeling a “little disappointment” in Saturday’s final round of the 2023 Idaho High School Wrestling State Championships. Joseph Terry, one of the team’s leaders, acknowledged the Spartans “didn’t wrestle to our best.”That’s just how good this wrestling team is: Minico won its second straight 4A state championship, anyway. It was the third in a row for the Magic Valley, too — Jerome won in 2021. We’ve got each other’s backs, no matter what,” said Vail, who won the 220-pound title by pinning Mountain Home’s Demetri Smith in the second period. There were jitters, too, for Vail — even as a defending state champion who had lost just once all season.27 days ago Twin Falls Times-News
Clyde Council to consider citizens raising chickens in town Due to rising egg prices more people are adding chicken coopsCLYDE - A woman's desire to have new pets plus the high cost of eggs have coincidently led Clyde City Council to deal with old livestock legislation and discuss whether citizens can raise chickens in the city. Earlier this week City Council approved an ordinance cleaning up a conflict between livestock legislation — a 1985 ordinance and a 1956 ordinance. Then about that same time a resident attended a council session asking the city to consider allowing chickens in the city. Clyde resident Christie Marie Watkins went to the council meeting on Feb. 21 to ask council to consider allowing chickens to be raised at local homes. Over the years, Clyde has had an assortment of livestock raised at various properties including horses, chickens, and rabbits.28 days ago The News-Messenger
Wilhelm: More on Jacksons, Willow Hill and efforts to share insight into African American history Willow Hill concentrates on African American HistoryDr. Alvin Jackson, who served at the Community Health Services in Fremont in the late 20th century, says the Willow Hill Heritage and Renaissance Center in Bulloch County, Georgia, aims to provide Americans with insight into the values of African American history and culture as related to American history and culture. Today, he said the center focuses on local, state and national African American history, but quickly pointed out “a lot of work is done in genealogy because a lot of African American people have lost contact with their history.” To help people reach into their own history, the center has a collection of more than 18,000 obituaries and is adding to the collection regularly. He continues to practice medicine part time and serves as president of the Georgian African American Historic Preservation Network. The 1988 National History Day Exhibit tells the history of the Willow Hill School won first place in the Junior Division at the National History Day Competition in Washington, D.C. You can learn much more about the Willow Hill Center online.28 days ago The News-Messenger
After splitting the season series, the Knights got the tie-breaking win over Pleasant Grove Friday night in the 6A second round. Lone Peak saw the game out down the stretch with a 19-16 advantage in the fourth quarter. 14 Orem, but a dominant second quarter for the Tigers made all the difference as Orem upset Woods Cross to advance to the quarterfinals. Sophomore guard Chance Dastrup drilled four three-pointers on the night, while Orem held the Wildcats to just four points in the second quarter. Jaxon Johnson and Carter Doleac combined to score 40 points for the Hawks, who will face upset-minded Springville in the next round.28 days ago Deseret News
Lake Geneva flourished during the decades following the Civil War. The key to this flourishing was the restoration of the railroad connection between Chicago and Lake Geneva in 1871. They were the vanguard of many wealthy Chicagoans who would buy land and build summer mansions on the shores of Geneva Lake, a development that would result in Lake Geneva becoming one of the premium summer resorts in the United States. Many of the leading citizens in Lake Geneva during the second half of the 19th Century were Civil War veterans. The station’s capacious waiting room became one of Lake Geneva’s “social centers.”On Jan. 1, 1900, residents of Lake Geneva celebrated the first turn of a century in the city’s history.29 days ago Lake Geneva News
Although the Christmas decorations have long been stored away, the shop is still operating as Twice Blessed, a large resale shop featuring room after room of merchandise, including clothes, décor and furniture. “We want to make it more comfortable to shop,” Kirsch said. One of the benefits of a second location is having the space for a permanent bridal boutique inside Twice Blessed. Twice Blessed sells home décor, holiday decorations, jewelry and books. Twice Blessed is at 1209 Oak Harbor Road in Fremont.29 days ago The News-Messenger
Electric vehicle maker Tesla is establishing its global engineering headquarters in California, CEO Elon Musk announced on Feb. 22. In a joint press conference with California governor Gavin Newsom, Musk said the new engineering headquarters will be at the former offices of Hewlett-Packard in Palo Alto. He then touted California as being the state where “the future happens first.”“We’re changing the world through our historic investments, our conveyor belt for talent, and partnerships with companies like Tesla,” Newsom said. California Probing Tesla’s Self-Driving FeatureSeparately on Wednesday, Musk told CNBC that the new building in California is “effectively a headquarters of Tesla” and that it’s “kind of a dual-headquartered company.”Tesla is currently being probed by Californian officials regarding the name of its self-driving feature. Tesla’s website states that the self-driving feature is not autonomous.29 days ago NTD News