Healthcare / Nanopore Technology Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Cyclomics, Electronic Biosciences, Grandomics, INanoBio Inc, Qitan Technology
Nanopore Technology Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Cyclomics, Electronic Biosciences, Grandomics, INanoBio Inc, Qitan Technology
The global Nanopore Technology market size is expected to grow from US$ 250.5 Million in 2021 to US$ 490.2 Million by 2027, at a CAGR of 15.2% over the forecast period.
Nanopore Technology Market Overview
Nanopore technology refers to single-molecule deoxyribonucleic acid (DNA) sequencing without the requirement for polymerase chain reaction (PCR) amplification and chemical labelling of the sample. It provides a relatively high throughput and inexpensive genotyping, high testing mobility, quick real-time sample processing, and label-free, ultralong reads. As a diagnostic tool, it is used to screen panels of biomarkers or genes and provide a quick analysis while omitting time-consuming amplification and conversion stages. It can also identify target molecules at extremely low concentrations. Nowadays, thanks to the development of sophisticated nanopore proteins and chemistries, the read quality of nanopore technology has substantially increased.
The increasing need for DNA sequencing, increased research on nanopore technology, new product introduction, and expanding use of epigenetics for the development of new treatment approaches are driving growth in the Global Nanopore Technologies Market. Additionally, it is estimated that the rise in fourth-generation DNA sequencing employing nanopore technology would drive the global market for nanopore technologies in the upcoming years. However, maintaining uniformity in the thickness of the nucleotide bases and embedded electrodes, difficulty in managing the position, and unidirectional translocation of the nucleotide bases are some of the hurdles that could stifle the growth of the worldwide nanopore technologies market.
GrandOmics, a leading sequencing company in China, has announced a populational-scale project, dbSV100k, to understand the impact of structural variation on human disease. The project aims to sequence 20,000 human genomes in 2019, with a goal of 50,000 by the end of 2020 and total of 100,000 by the end of 2021. This uses high-throughput nanopore sequencing on the PromethION device and the project will explore viable opportunities for the development of clinical applications, with a view to ultimately providing clinical genetic diagnosis services in the future.
What are the major Applications, Types and Regions for Nanopore Technology Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
Instruments
Consumables
By Application, it is segmented into
DNA Sequencing
RNA Sequencing
Nanopore Technology Market Regional Analysis
North America is expected to dominate the nanopore technologies market during the projected period due to considerable research on manufacturing nanopore-based detectors, DNA transistors, and so on. For instance, NorthShore Bio, one of the businesses involved in nanotechnology and molecular detection, is creating silicon molecular detectors based on semiconductors that incorporate nanopore technology for application in direct RNA sequencing and fourth-generation DNA sequencing. By 2025, it is anticipated that this will accelerate the market expansion for nanopore technology in North America. The market for nanopore technologies is predicted to increase significantly in Europe and Asia Pacific as a result of the quick uptake of cutting-edge technologies for genomic research.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Nanopore Technology Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Nanopore Technology Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Nanopore Technology Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 15.2% over the forecast period (2022-2027)
Yes, the report can be customized as per your needs
Key Takeaways from this Nanopore Technology Market Report
Evaluate Nanopore Technology market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Nanopore Technology market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Nanopore Technology Market?
The Nanopore Technology Market is growing at a CAGR of 15.2% over the next 5 years.
Who are the key players in Nanopore Technology Market?
What are the significant types of Nanopore Technology Market?
Instruments, Consumables
What are the major end-use applications of Nanopore Technology Market?
DNA Sequencing, RNA Sequencing
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
