IMARC Group, a leading market research company, has recently released a report titled “Nanopore Technologies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global nanopore technologies market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Nanopore Technologies Industry?
According to the report, The global nanopore technologies market size reached US$ 244.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 511.5 Million by 2028, exhibiting a growth rate (CAGR) of 12.4% during 2023-2028.
What is Nanopore Technologies?
Nanopore technologies refer to the next-generation molecule sequencing methods that are generally used for analyzing ribonucleic acid (RNA) or deoxyribonucleic acid (DNA) fragments. It involves the utilization of sequencing devices that contain nano-sized pores embedded in an electro-resistant membrane for determining the sequence and modifications of the bases. Along with this, it aids in the real-time analysis of the sequence of nucleotides with accurate data of short to long fragments of native RNA or DNA. As a result, it is extensively utilized by scientific researchers to study the biology of animals, plants, pathogens and humans.
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What are the growth prospects and trends in the Nanopore Technologies industry?
The global market is primarily driven by the rising demand for DNA sequencing. This is impelled by the growing need for new treatment methods due to the escalating prevalence of viral diseases among the masses. In line with this, the rapid outbreak of coronavirus disease (COVID-19) has further propelled the market growth. Since nanopore technologies offer direct molecular analysis in a time- and cost-efficient manner while generating accurate results, this is providing a boost to their uptake. Along with this, extensive research and development (RD) activities conducted for studying novel virus variants are creating a positive market outlook. Furthermore, continual technological advancements, such as the integration of the Internet of Things (IoT) and computational intelligence with nanopore technology, are considered to be major growth-inducing factors. Additionally, the widespread adoption of nanopore technology in the development of semiconductor-based silicon molecular detectors for performing sequencing is significantly contributing to the market. Other factors, including the increasing number of research centers and laboratories, miniaturization of nanopore devices, and continuous improvements in the healthcare infrastructure, are also favorably impacting the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Instruments
- Portable
- Benchtop
- Consumables
Breakup by Application:
- DNA Sequencing
- RNA Sequencing
- Others
Breakup by End User:
- Hospitals and Clinics
- Research Institutes
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Agilent Technologies Inc.
- Cyclomics BV
- Electronic Biosciences Inc.
- Inanobio Inc.
- Nabsys Inc.
- Ontera Inc.
- Oxford Nanopore Technologies Limited
- Pacific Biosciences of California Inc.
- Quantapore Inc.
- Roche Holding AG
- Tracxn Technologies Limited.
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