GLOBAL SANGER SEQUENCING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The demand for well-trained professionals with expertise in genomics and DNA sequencing is putting immense pressure on the growth of the Sanger sequencing market. Sanger sequencing, also known as chain termination sequencing, is a technique used for DNA sequencing. Though it has been the predominant first-generation sequencing method for the past few decades, Sanger sequencing requires highly specialized training and skills to perform. With rapid advancements in newer high-throughput next-generation sequencing technologies, there is already a huge talent crunch for trained professionals with expertise in Sanger sequencing. Training newcomers to develop proficiency takes considerable time, effort, and expense given the specialized nature of the technique.

Market Opportunities – Emerging Markets in Asia Pacific and Latin America

Countries in these regions are experiencing rising healthcare investments and growing emphasis on genomic research. This provides a conducive environment for sequencing technologies to prosper. Governments and research institutions in Asia Pacific are undertaking several initiatives to enhance genomic capabilities. For instance, China's 13th Five Year Plan allocated funding to establish gene banks and biobanks across the country. Similarly, India's Biotechnology Industry Research Assistance Council has programs supporting large-scale genome sequencing projects. In Latin America, Mexico's National Institute of Genomic Medicine partners with international groups for population sequencing. Brazil too has announced plans to sequence 100,000 individuals to study genomic diversity.