Duplex sequencing kits to Hold Largest Market Share in 2020
According to Absolute Markets Insights report, duplex sequencing kits accounted for the higher market share in 2020 in the global duplex sequencing market. Leading market players are introducing innovative duplex sequencing kits. For instance, in February 2020, TwinStrand Biosciences, the pioneer and developer of Duplex Sequencing launched TwinStrand Duplex Sequencing Technology kits. However, software and tools segment is anticipated to witness highest growth rate during the forecast period. Growth of this segment is mainly driven by demand for cloud based bioinformatics solutions. The cloud based bioinformatics solutions are expertly tuned and optimized for easy-to-use, accurate, primary, and secondary analysis.
Duplex sequencing has become the most reliable method to identify ultra-low frequency DNA variants. The identification of ultra-rare variants has been essential in a range of diverse fields, such as cancer research, somatic mosaicism, tumor development & residual disease, evolutionary biology, and epidemiology. Hence, during the last decade, an extensive development of technologies for the identification of variants occurring at very low levels has propelled growth of the duplex sequencing market.
Further, the global duplex sequencing market is seeing heavy investments, creating lucrative growth opportunities for the market. For instance, in May 2021, TwinStrand Biosciences, a biotech company that operates in identification of ultra-low frequency genomic variants that are undetectable by conventional methods, announced that it has secured $50 million in fresh business funding from Section 32, a venture capital (VC) fund which is focused on healthcare, biotechnology, and life sciences.
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The research report on Global Duplex Sequencing Market will include extensive information based on the following pointers:
- Global Market Size and Forecast Values (2020 – 2029), in terms of revenue (US$ Million) by segments/sub-segments; wherein:
- 2020 - Base Year
- 2021 to 2029 - Forecast Period
- Split of the market revenue (US$ Million) into all the relevant segments & sub-segments across all major regions/countries.
- Macro-Economic and Micro-Economic Indicators
- Market Determinants and Influencing Factors
- Market Dynamics: Global Duplex Sequencing Market
- Drivers
- Restraints
- Opportunities
- Trends on Global Duplex Sequencing Market
- Level of Impact of COVID-19 on the Global Duplex Sequencing Market
- Porter’s Five Forces Analysis
- Competitor Landscape
- Product/Solution Benchmarking
- Market Share Analysis and Positioning, 2020
- Global Presence and Growth Strategies
- The final report will include competitive product/solution benchmarking which will include comparison of different products offered by different market participants on the basis of their features and capabilities that will help you to understand their market offerings. Furthermore, for each company, we will provide information regarding the following pointers:
- Company Details
- Company Overview
- Product Offerings
- Key Developments
- Financial Analysis
- Swot Analysis
- Business Strategies
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- By offering, the duplex sequencing kits segment registered the major share of revenue in the duplex sequencing market in 2020.
- By application, cancer research segment accounted for the highest market share in duplex sequencing market in 2020.
- By end user, clinics and laboratories segment accounted for the major share in 2020
- By region, North America region dominated the market in terms of revenue in 2020.
Competitor Insights:
The key companies profiled in the global duplex sequencing market are mentioned below:
- ATDBio Ltd
- Illumina, Inc.
- Promega Corporation
- QIAGEN
- Thermo Fisher Scientific
- TwinStrand Biosciences, Inc.
- Other Market Participants
The industry is characterised by low concentration of market players, especially by region. Furthermore, market participants in the industry are focused on collaborations with other market players to improve their product line. For instance, in January 2022, Illumina, Inc., the provider of innovative sequencing and array technologies entered into a definitive co-development agreement with SomaLogic to bring the SomaScan Proteomics Assay onto Illumina's current as well as future high throughput next-generation sequencing (NGS) platforms. Such factors are boosting the demand for the duplex sequencing market.
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Global Duplex Sequencing Market:
By Offerings:
- Software and Tools
- Duplex Sequencing Kits
- Assays and Reagents
- Others
By Application:
- Genomics
- Cancer Research
- Forensics
- Virology
- Others
By End-Use Industry:
- Clinics and Laboratories
- Hospitals
- Academic Institutions and Research Centers
- Government Forensic Departments
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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