The South and Central America sequencing reagents market is expected to reach US$ 737.60 million by 2028 from US$ 342.80 million in 2021; it is estimated to grow at a CAGR of 11.6% from 2021 to 2028.
The growth of the market is attributed to a few key driving factors such as the increasing volume of funding activities for various research studies and the declining cost of sequencing procedures. However, the dearth of skilled professionals hinders the market growth.
Sequencing reagents are used during the process of sequencing. The use of these reagents highly depends on the desired result to be obtained. They form an essential part of the sequencing reactions, which can be used across various other applications as well. Now, sequencing reagents is increasingly used in clinical practice, and over the next five years, genomic data from over 60 million patients is expected to be generated within healthcare. Genomic sequencing is rapidly transitioning into clinical practice, and implementation into healthcare systems has been supported by substantial government investment, totaling over US$ 4 billion in at least 14 countries. These national genomic-medicine initiatives are driving transformative change under real-life conditions while simultaneously addressing barriers to implementation and gathering evidence for broader adoption, thereby driving the growth of the sequencing reagent market. In addition, continuous funding by manufacturers and governments in the field of genomics is expected to bolster the market growth during the forecast period. In the recent years, next generation sequencing price have declined substantially. Owing to factors such as advances in the field of genomics and developments in different methods and strategies for sequencing, there is a notable decline in the cost of sequencing, which is propelling the market growth.
With the second wave of COVID-19 outbreak, there has been an increasing number of confirmed cases in Latin American countries. Currently, Brazil is rapidly increasing its clinical programs to fight against the novel coronavirus. There is a rising focus on genomic sequencing and tests. For instance, in July 2020, Vale Institute of Technology (ITV) and Fiocruz announced that they are planning to carry out the most extensive genome sequencing study of the Sars-CoV-2. Vale invested R$ 2.4 million in the research. Such initiatives would bolster the growth of the South and Central America sequencing reagents market in long run.
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SOUTH AND CENTRAL AMERICA SEQUENCING REAGENTS MARKET SEGMENTATION
By Technology
- Next Generation Sequencing
- Sanger Sequencing
- Third Generation Sequencing
By Reagent Type
- Control Kits
- Library Kits
- Template Kits
- Sequencing Kits
- Other Reagent Types
By Application
- Agri genomics and Forensics
- Clinical Investigation
- Oncology
- Reproductive Health
- Other Applications
By End User
- Hospitals and Clinics
- Research Institutes
- Pharmaceutical and Biotechnology Companies
- Other End Users
By Country
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- QIAGEN
- Takara Bio Inc.
- THERMO FISHER SCIENTIFIC INC.
- TriLink BioTechnologies Inc
- F. HOFFMANN-LA ROCHE LTD.
- Illumina, Inc.
- FLUIDIGM CORPORATION
- LGC Biosearch Technologies
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Application, Reagent Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Brazil, Argentina
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.4 Market Segmentation
1.4.1 South and Central America Sequencing Reagents Market – By Technology
1.4.2 South and Central America Sequencing Reagents Market – By Reagent Type
1.4.3 South and Central America Sequencing Reagents Market – By Application
1.4.4 South and Central America Sequencing Reagents market – By End User
1.4.5 South and Central America Sequencing Reagents market – By Country
2. Sequencing Reagents Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South and Central America Sequencing Reagents Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 South and Central America (SCAM) – PEST Analysis
4.3 Expert Opinions
5. Sequencing Reagents Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Funding for Genomics
5.1.2 Declining Cost of Sequencing Procedures
5.1.3 Increasing Prevalence of Chronic Diseases
5.2 Market Restraints
5.2.1 Dearth of Skilled Professionals
5.3 Market Opportunities
5.3.1 Increasing Demand for Third Generation Sequencing
5.4 Future Trends
5.4.1 Increasing Demand for Personalized Medicines
5.5 Impact analysis
6. Sequencing Reagents Market – South and Central America Analysis
6.1 South and Central America Sequencing Reagents Market Revenue Forecast and Analysis
7. Sequencing Reagents Market Analysis – By Technology
7.1 Overview
7.2 Sequencing Reagents Market Revenue Share, by Technology (2020 and 2028)
7.3 Next Generation Sequencing
7.3.1 Overview
7.3.2 Next Generation Sequencing: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Sanger Sequencing
7.4.1 Overview
7.4.2 Sanger Sequencing: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Third Generation Sequencing
7.5.1 Overview
7.5.2 Third Generation Sequencing: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
8. Sequencing Reagents Market Analysis – By Reagent Type
8.1 Overview
8.2 Sequencing Reagents Market Revenue Share, by Reagent Type (2020 and 2028)
8.3 Control Kits
8.3.1 Overview
8.3.2 Control Kits: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Library Kits
8.4.1 Overview
8.4.2 Library Kits: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Template Kits
8.5.1 Overview
8.5.2 Template Kits: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Sequencing Kits
8.6.1 Overview
8.6.2 Sequencing Kits: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Other Reagent Types
8.7.1 Overview
8.7.2 Other Reagent Types: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
9. Sequencing Reagents Market Analysis – By Application
9.1 Overview
9.2 Sequencing Reagents Market Revenue Share, by Application (2020 and 2028)
9.3 Agrigenomics and Forensics
9.3.1 Overview
9.3.2 Agrigenomics And Forensics: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Clinical Investigation
9.4.1 Overview
9.4.2 Clinical Investigation: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Oncology
9.5.1 Overview
9.5.2 Oncology: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Reproductive Health
9.6.1 Overview
9.6.2 Reproductive Health: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Other Applications
9.7.1 Overview
9.7.2 Other Applications: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
10. Sequencing Reagents Market Analysis – By End User
10.1 Overview
10.2 Sequencing Reagents Market Share, by End User, 2020 and 2028, (%)
10.3 Hospitals and Clinics
10.3.1 Overview
10.3.2 Hospitals and Clinics: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Research Institutes
10.4.1 Overview
10.4.2 Research Institutes: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Pharmaceutical and Biotechnology Companies
10.5.1 Overview
10.5.2 Pharmaceutical and Biotechnology Companies: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Other End Users
10.6.1 Overview
10.6.2 Other End Users: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
11. Sequencing Reagents Market – South and Central America Analysis
11.1 South and Central America: Sequencing Reagents Market
11.1.1 Overview
11.1.2 South and Central America: Sequencing Reagents Market, by Country, 2020 & 2028 (%)
11.1.3 Brazil: Sequencing Reagents Market– Revenue and Forecast to 2028 (USD Million)
11.1.3.1 Brazil: Sequencing Reagents Market– Revenue and Forecast to 2028 (USD Million)
11.1.3.2 Brazil: Sequencing Reagents Market, by Technology, 2019–2028 (USD Million)
11.1.3.3 Brazil: Sequencing Reagents Market, by Reagent Type, 2019–2028 (USD Million)
11.1.3.4 Brazil: Sequencing Reagents Market, by Application, 2019–2028 (USD Million)
11.1.3.5 Brazil: Sequencing Reagents Market, by End-User, 2019–2028 (USD Million)
11.1.4 Argentina: Sequencing Reagents Market– Revenue and Forecast to 2028 (USD Million)
11.1.4.1 Argentina: Sequencing Reagents Market– Revenue and Forecast to 2028 (USD Million)
11.1.4.2 Argentina: Sequencing Reagents Market, by Technology, 2019–2028 (USD Million)
11.1.4.3 Argentina: Sequencing Reagents Market, by Reagent Type, 2019–2028 (USD Million)
11.1.4.4 Argentina: Sequencing Reagents Market, by Application, 2019–2028 (USD Million)
11.1.4.5 Argentina: Sequencing Reagents Market, by End-User, 2019–2028 (USD Million)
11.1.5 Rest of South and Central America: Sequencing Reagents Market– Revenue and Forecast to 2028 (USD Million)
11.1.5.1 Rest of South and Central America: Sequencing Reagents Market– Revenue and Forecast to 2028 (USD Million)
11.1.5.2 Rest of South and Central America: Sequencing Reagents Market, by Technology, 2019–2028 (USD Million)
11.1.5.3 Rest of South and Central America: Sequencing Reagents Market, by Reagent Type, 2019–2028 (USD Million)
11.1.5.4 Rest of South and Central America: Sequencing Reagents Market, by Application, 2019–2028 (USD Million)
11.1.5.5 Rest of South and Central America: Sequencing Reagents Market, by End-User, 2019–2028 (USD Million)
12. Impact of COVID-19 Pandemic on South and Central America Sequencing Reagents Market
12.1 South & Central America: Impact Assessment of COVID-19 Pandemic
13. Sequencing Reagents Market –Industry Landscape
13.1 Overview
13.2 Organic Growth Strategies
13.2.1 Overview
13.3 Inorganic Growth Strategies
13.3.1 Overview
14. Company Profiles
14.1 QIAGEN
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Takara Bio Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 THERMO FISHER SCIENTIFIC INC.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 TriLink BioTechnologies Inc
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 F. HOFFMANN-LA ROCHE LTD.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Illumina, Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 FLUIDIGM CORPORATION
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 LGC Biosearch Technologies
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
15. Appendix
15.1 About the Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. Brazil Sequencing Reagents Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 2. Brazil Sequencing Reagents Market, by Reagent Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Sequencing Reagents Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Brazil Sequencing Reagents Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina Sequencing Reagents Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 6. Argentina Sequencing Reagents Market, by Reagent Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Argentina Sequencing Reagents Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Argentina Sequencing Reagents Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 9. Rest of South and Central America Sequencing Reagents Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 10. Rest of South and Central America Sequencing Reagents Market, by Reagent Type – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of South and Central America Sequencing Reagents Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of South and Central America Sequencing Reagents Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 13. Recent Organic Developments in the Sequencing Reagents Market
Table 14. Recent Inorganic Developments in The Sequencing Reagents Market
Table 15. Glossary of Terms, Sequencing Reagents Market
LIST OF FIGURES
Figure 1. Sequencing Reagents Market Segmentation
Figure 2. Sequencing Reagents Market Segmentation, By Country
Figure 3. Sequencing Reagents Market Overview
Figure 4. Next Generation Sequencing Held Largest Share by Technology of Sequencing Reagents Market
Figure 5. South and Central America Sequencing Reagents Market – Leading Country Markets (US$ Million)
Figure 6. South and Central America (SCAM) PEST Analysis
Figure 7. Sequencing Reagents Market Impact Analysis of Drivers and Restraints
Figure 8. South and Central America Sequencing Reagents Market – Revenue Forecast and Analysis – 2020- 2028
Figure 9. Sequencing Reagents Market Revenue Share, by Technology (2020 and 2028)
Figure 10. Next Generation Sequencing: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Sanger Sequencing: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Third Generation Sequencing: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Sequencing Reagents Market Revenue Share, by Reagent Type (2020 and 2028)
Figure 14. Control Kits: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Library Kits: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Template Kits: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Sequencing Kits: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Other Reagent Types: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Sequencing Reagents Market Revenue Share, by Application (2020 and 2028)
Figure 20. Agrigenomics And Forensics: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Clinical Investigation: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Oncology: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Reproductive Health: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Other Applications: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Sequencing Reagents Market Share, by End User, 2020 and 2028 (%)
Figure 26. Hospitals and Clinics: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Research Institutes: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Pharmaceutical and Biotechnology Companies: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Other End Users: Sequencing Reagents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. South and Central America: Sequencing Reagents Market, by Key Country – Revenue (2020) (USD Million)
Figure 31. South and Central America: Sequencing Reagents Market, by Country, 2020 & 2028 (%)
Figure 32. Brazil: Sequencing Reagents Market– Revenue and Forecast to 2028 (USD Million)
Figure 33. Argentina: Sequencing Reagents Market– Revenue and Forecast to 2028 (USD Million)
Figure 34. Rest of South and Central America: Sequencing Reagents Market– Revenue and Forecast to 2028 (USD Million)
Figure 35. Impact of COVID-19 Pandemic in South & Central America Market
- QIAGEN
- Takara Bio Inc.
- THERMO FISHER SCIENTIFIC INC.
- TriLink BioTechnologies Inc
- F. HOFFMANN-LA ROCHE LTD.
- Illumina, Inc.
- FLUIDIGM CORPORATION
- LGC Biosearch Technologies
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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