You are currently viewing Global Pyrosequencing Market Size to Grow at a CAGR of 11.80% in the Forecast Period of 2023-2028

Global Pyrosequencing Market Size to Grow at a CAGR of 11.80% in the Forecast Period of 2023-2028

The ‘Global Pyrosequencing Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global pyrosequencing market, assessing the market on the basis of its segments like application, end use, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Pyrosequencing Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 11.80%

There is heightened application of pyrosequencing in forensic science due to the versatility of pyrosequencing technology which renders it as a crucial tool in forensic genomics. Currently, pyrosequencing is considered as a reliable forensic technology which is used in identifying species and body fluids and analysing smoking status. Ongoing research on distinguishing monozygotic twins and detecting alcohol and drug abuse is likely to bolster the global pyrosequencing market.

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Meanwhile, the market for pyrosequencing is further witnessing an upward trajectory fuelled by the rising prevalence of chronic genetic disorders such as down syndrome, cystic fibrosis, and sickle cell disease, among others. In addition, pyrosequencing offers personalised and safe treatment which makes it an effective option in the longer run, leading to a heightened incorporation of this technology in hospitals, diagnostic centres, and academic institutes.

Pyrosequencing has some notable advantages, such as accuracy, flexibility, parallel processing, and support for easy automation without any hassle. These advantages makes it an efficient and quick technology, leading to a heightened growth of the market for pyrosequencing. Furthermore, pyrosequencing is used to quantify DNA methylation at specific CpG sites targeting a specific region. This factor bolsters diagnostic processes, which is further increasing pyrosequencing technology’s demand, thereby, adding to the pyrosequencing market growth.

Pyrosequencing Industry Definition and Major Segments

Pyrosequencing is defined as a process of detecting DNA or RNA from any source and determining real-time sequencing quickly and efficiently. Pyrosequencing can determine a range of DNA and RNA strands which can help in drug development, epigenetics, and pathogenic resistant screening, among other applications. This process is flexible and accurate, making it applicable in a range of medical procedures.

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Based on application, the market is segmented into:

• Drug Discovery
• Biomarker Discovery
• Diagnostics
• Personalised Medicine
• Others

By end use, the market is divided into:

• Hospitals
• Clinics
• Research Centres and Academic Institutes
• Others

On the basis of region, the market is categorised into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Pyrosequencing Market Trends

The key trends in the global pyrosequencing market include the increasing application of pyrosequencing technology in the early diagnostics and treatment of cancer, owing to its high rates of accuracy. The increasing prevalence of cancer among the adult and geriatric population across the emerging economies is leading to heightened collaborations between public and private institutions to develop efficient cancer diagnostic technologies. In addition, this technology is designed to quantify single-nucleotide polymorphisms which enables the measurement of DNA methylation in real time.

The growing research and development activities in the pharmaceutical and biotechnological sector are further escalating the demand for pyrosequencing in drug and biomarker discovery processes. Mergers and collaborations by academic institutes aimed towards spearheading the analysis of bacterial communities to combat chronic infections and to understand patient needs for antibiotics are expected to bolster the pyrosequencing market growth in the coming years.

In geographical terms, North America holds a significant share in the market, driven by the strong supply chain of advanced diagnostic tools and well-established healthcare infrastructure across the United States and Canada. The increasing number of cancer cases, owing to sedentary lifestyles led by the working population, coupled with escalating health awareness are expected to aid the market for pyrosequencing in this region.

Key Market Players

The major players in the global pyrosequencing market report are

• QIAGEN
• Biotage AB
• EpigenDX
• Lumitos AG
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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