Sequencing Consumables Market To Reach $55.62 Billion By 2033

Sequencing Consumables Market Growth & Trends

The global sequencing consumables market size is expected to reach USD 55.62 billion by 2033, expanding at a CAGR of 23.49% from 2025 to 2033, according to a new report by Grand View Research, Inc. The growing emphasis on genomic research is the prime factor that drives the market growth. Genomic research provides insights into the genetic base of diseases, enabling the development of more precise diagnostic tools and treatments. This facilitates personalized medicine, where therapies are tailored to an individual's genomic profile, resulting in better treatment outcomes and reduced adverse effects. In December 2022, the UK government allocated around $184 million in funding to develop the most advanced genomic healthcare system worldwide, to improve health outcomes and save lives.

Owing to such a high output of genomic research, researchers employ NGS technology that enables simultaneous profiling of millions of DNA fragments and delivers an enormous volume of data in a single operation. This high-throughput technology becomes essential for large-scale genomics projects. Further, with the rising demand for sequencing technologies, newer sequencing platforms necessitate specialized consumables that align with their distinct processes. This allows developers to create high-quality sequencing consumables. Consequently, as genomics research continues to expand, there has been a substantial increase in the demand for sequencing consumables.

Additionally, the rising prevalence of cancer and genetic disorders is significantly driving the overall market growth. For instance, in June 2021, the Danish National Genome Center offered genetic testing for at least 60,000 patients as part of providing more personalized treatment. This Danish initiative aims to deliver personalized medicine and genetic analyses directly to patients and provide precise diagnosis and treatment. Genetic sequencing is crucial for the accurate diagnosis of genetic diseases as it allows comprehensive analysis of an individual's genome, making it possible to identify specific genetic variants associated with inherited genomic diseases.Consumables like library preparation kits and adapters play a vital role in fragmenting and labeling genetic material, transforming it into sequencing-ready libraries.

Hence, considering the pivotal role of sequencing consumables in genetic profiling, the growing prevalence of genetic diseases has led to a notable increase in the demand for these consumables. Key players in the market are engaged in strategies such as agreements, mergers & acquisitions, partnerships, and launches, among others, to expand their global footprints and product portfolio. For instance, in May 2023, Thermo Fisher Scientific, Inc. and Pfizer have planned to expand the availability of NGS-based testing for cancer patients in global markets, aiming to enhance localized access to advanced testing for cancer diagnosis and treatment.

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Sequencing Consumables Market Report Highlights

• The cancer diagnostics segment dominated the market in 2024 with a revenue share of 26.85%, supported by the increasing need for accurate and personalized cancer care.

• The hospitals and laboratories segment captured the highest revenue share in 2024 at 36.03%.

• North America dominated the market, accounting for a revenue share of 52.61% in 2024.

• The Asia-Pacific sequencing consumables market is expected to record the fastest CAGR of 27.25% throughout the forecast period.

Sequencing Consumables Market Segmentation

Grand View Research has segmented the global sequencing consumables market on the basis of product, platform, application, end use, and region:

Sequencing Consumables Product Scope Outlook (Revenue, USD Million, 2021 - 2033)

• Kits

  • DNA Library Preparation

  • RNA Library Preparation

  • Target enrichment

  • Library quantification

  • Purification & quality control

  • Others

• Reagents

  • Sample Prep

  • Library preparation and amplification

  • Sequencing

• Accessories

  • Collection tubes

  • Plates

  • Others

Sequencing Consumables Platform Outlook (Revenue, USD Million, 2021 - 2033)

• 1st Generation sequencing Consumables

• 2nd Generation sequencing Consumables

• 3rd Generation sequencing Consumables

Sequencing Consumables Application Outlook (Revenue, USD Million, 2021 - 2033)

• Cancer Diagnostics

• Infectious Disease Diagnostics

• Reproductive Health Diagnostics

• Pharmacogenomics

• Agrigenomics

• Others

Sequencing Consumables End Use Outlook (Revenue, USD Million, 2021 - 2033)

• Pharmaceutical and biotechnology companies

• Hospitals and laboratories

• Academic research institutes

• Others

Sequencing Consumables Regional Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Sequencing Consumables Market

• F. Hoffmann-La Roche Ltd

• QIAGEN.

• Agilent Technologies

• Millipore Sigma

• Takara Bio Inc

• Beckman Coulter, Inc

• Eurofins Genomics

• Oxford Nanopore Technologies Ltd

• Thermo Fisher Scientific, Inc

• BGI Genomics