Surge in genome mapping programs and rise in healthcare expenditure is expected to drive the demand of UAE Next Generation Sequencing Market in the forecast period, 2023-2027.
According to TechSci Research report, “UAE Next Generation Sequencing Market By Product (Consumables, Platforms, Services), By Technology (Sequencing by Synthesis, Ion Semiconductor Sequencing, Sequencing by Ligation, Single Molecule Real Time Sequencing, Others), By Application (Biomarkers & Cancer, Diagnostics, Reproductive Health, Personalized Medicine, Agriculture & Animal Research, Others), By End User (Academic & Clinical Research Centers, Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, Others), By Region, Competition Forecast & Opportunities, 2027”, the UAE next generation sequencing market is expected to witness steady growth in 2023-2027.
Next generation sequencing can be defined as DNA sequencing technology and can sequence the entire human genome within a single day. It boasts of high throughput scalability and is a rapid sequencing technology revolutionizing genomic research.
Healthcare industries actively integrate next-generation sequencing in disease diagnostics, clinical laboratory analysis, and testing. An increase in demand for cost-effective, fast and precise DNA sequencing data interpretation, which can sequence a vast amount of DNA in a single run, is expected to fuel the demand for the UAE next generation sequencing market for the next five years.
However, the lack of skilled professionals may restrain the UAE next generation sequencing market growth for the forecast period.
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The UAE next generation sequencing market is segmented into product, technology, application, end user, regional distribution, and company.
Based on product, the market is divided into consumables, platforms, and services. Consumables are anticipated to account for the largest market share in the forecast period. The development of molecular genetic technology and the high demand for pre-sequencing products and kits to perform DNA fragmentation, size selection, target enrichment, and others are driving the market demand. The introduction of easy-to-use consumables and the growing number of sequencing procedures are expected to fuel the demand for UAE next generation sequencing market.
Based on technology, the market is divided into sequencing by synthesis, ion semiconductor sequencing, sequencing by ligation, single molecule real time sequencing, and others. Sequencing by synthesis technology is expected to capture the highest market share in the forecast period. The surge in the launch of next generation sequencing platforms based on sequencing on synthesis technology is driving the market demand.
Based on application, the market is divided into biomarkers & cancer, diagnostics, reproductive health, personalized medicine, agriculture & animal research, and others. The biomarkers & cancer segment dominated the market and is expected to maintain its dominance through the next five years. Ongoing advancements in the next generation technology and the growing prevalence of cancer in the country are expected to drive the demand for biomarkers & cancer segments for the next five years.
Based on end user, the market is divided into academic & clinical research centers, pharmaceutical & biotechnology companies, hospitals & clinics, and others. Academic & clinical research centers are projected to account for the largest market share in the next five years. The advent of advanced technologies is expected to advance oncology research, and growing collaborations between research institutes and market players are the major drivers for the UAE next generation sequencing market.
Major market players operating in the UAE next generation sequencing market are:
·Oxford Nanopore UAE
·Agiomix Labs
·Illumina UAE
·Thermo Fischer Scientific UAE
·PerkinElmer UAE
·Alliance Global UAE
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“The Healthcare industry is expanding at a rapid rate and adopting novel methods and technologies to improve the care provided to patients. The rise in applications of next generation sequencing for disease diagnosis, genetic testing, and non-invasive natal testing and the launch of cloud computing for efficient data management by market players is expected to advance the entire process of DNA sequencing. Market players are expected to increase the focus on research and development activities to advance the diagnostics and introduce novel next generation sequencing platforms having higher accuracy and lower turnaround time are expected to propel the UAE next generation sequencing market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“UAE Next Generation Sequencing Market By Product (Consumables, Platforms, Services), By Technology (Sequencing by Synthesis, Ion Semiconductor Sequencing, Sequencing by Ligation, Single Molecule Real Time Sequencing, Others), By Application (Biomarkers & Cancer, Diagnostics, Reproductive Health, Personalized Medicine, Agriculture & Animal Research, Others), By End User (Academic & Clinical Research Centers, Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, Others), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of UAE next generation sequencing market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE next generation sequencing market.
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