Report Code : A11864
the growth of the nanopore technologies market is attributed to technological advancements related to nanopore technologies and increase in outbreak of novel viruses.
Onkar Sumant
Manager, Healthcare at Allied Market Research
According to a new report published by Allied Market Research, titled, “Nanopore Technologies Market by Product and Application: Opportunity Analysis and Industry Forecast, 2021–2030," the global nanopore technologies market was valued at $1,74,388.2 thousand in 2020, and is projected to reach $6,80,872.4 thousand by 2030, registering a CAGR of 14.40% from 2021 to 2030.
Nanopore sequencing is a third-generation technology for sequencing biopolymers containing polynucleotides in the form of DNA or RNA as well as other components. This technique involves the sequencing of a single molecule of DNA or RNA without the requirement for PCR amplification or chemical labelling. Furthermore, this sequencing has the potential to offer lower genotyping costs, greater testing mobility, and faster sample processing with the capacity to display findings in real time. It is one of the most recent sequencing methods, and it aids in establishing the nucleotide order in DNA or RNA.
Surge in demand for DNA sequencing and rise in use of epigenetics for the development of newer treatment methods propel the growth of the global nanopore technologies market. Moreover, increase in R&D on nanopore technologies such that they can be used for novel viruses is anticipated to augment the market growth during the forecast period. In addition, the introduction of Internet of Things benefits the nanopore technology, as sequencers can be easily connected to other technical systems, which will help healthcare professionals monitor the DNA sample on shared cloud computing labs. is anticipated to aid the nanopore technologies market grow in the forecast period.
However, difficulty in sustaining the integration and structure of the nucleotide bases hinders the growth of the nanopore technologies market in the coming years. On the contrary, rise in use of nanopore technologies for fourth generation DNA sequencing is projected to act as potential growth opportunity for the market in the coming years.
The outbreak of COVID-19 led to a massive economic de-growth due to its spread to masses. It is a large family of viruses that causes illness ranging from common cold to more severe diseases. The overall impact of COVID-19 is projected to remain negative for nanopore technologies companies. The benefits of nanopore sequencing include the ability to generate data in real time (1 hour of sequencing time is required when using MinION Flow Cells) and to scale sequencing throughput needs from the Flongle to the high-throughput PromethION. Such products that are useful for the detection of coronavirus-disease-2 will help the market gain traction during the pandemic
By product, the nanopore technologies market is categorized into instruments and consumables. The consumables segment dominated the global market in 2020, and is anticipated to continue this trend during the forecast period. In addition, rise in use of consumables in a wide array of procedures such as DNA sequencing and RNA sequencing is a major factor that fuels the growth of this segment.
On the basis of application, the mark nanopore technologies market et is segregated into DNA sequencing and RNA sequencing. Presently, the DNA sequencing segment acquires majority of the market share, owing to rise in prevalence of viral diseases in both developed as well as developing countries, outbreak of novel virus, rise in demand in DNA sequencing by nanopore technology.
Depending on end user, the nanopore technologies market is categorized into hospitals & clinics, research institutes, and others. The research institutes segment dominated the market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to surge in demand for nanopore technologies in research institutes.
Key Findings Of The Study
Talk to David (Europe)
Talk to Sona Padman (Americas)
5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91 2066346060
Fax: +1(855) 550-5975
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com
Nanopore Technologies Market by Product (Instruments and Consumables), Application (DNA Sequencing and RNA Sequencing), and End User (Hospitals & Clinics, Research Institutes, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Buy Full Version
"Nanopore Technologies Market"
Purchase Enquiry
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save the time of readers