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2021
Nanopore Technologies Market

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
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A11864
Pages: 185
Jun 2021 | 1214 Views
Author(s) : Apoorva Srivastava , Onkar Sumant
Tables: 115
Charts: 21
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COVID-19

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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. 

Due to diagnostics applications of nanopore technologies to track transmission of COVID-19 and their variants, the market is anticipated to gain traction during the pandemic.

Nanopore sequencing is used in the sequencing of biopolymers such as polynucleotides in the form of DNA or RNA and other components. In addition, nanopore sequencing is a technology that enables analysis of single molecule DNA or RNA that can be sequenced without the need for polymerase chain reaction amplification or chemical labeling of the sample. This technology uses minute changes in electric current across the nanopore immersed in a conducting fluid with voltage applied when a moving nucleotide (or DNA strand) passes through it. This helps to sequence any DNA/RNA fragment length to characterize more genetic variation. Furthermore, the technology helps in generating content-rich data, including methylation. The data generated is for real time, and helps in giving rapid insights.. It is a scalable technology that ranges from portable devices to ultra-high throughput desktop devices that are aiding in sequence as per requirement.

Nanopore-Technologies-Market-2020-2030

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Rise in demand for DNA sequencing and increase in R&D on nanopore technologies such that they can be used for novel viruses will help the market gain traction during the forecast period. In addition, rise in the use of epigenetics for the development of novel treatment methods is anticipated to fuel the growth of the market. The increase in demand for DNA sequencing for various application for research would help the nanopore technologies market gain traction during the forecast period. 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 market grow in the forecast period. 

However, issues in maintaining the integration and structure of the nucleotide bases hamper the growth of the nanopore technologies market. On the contrary, increase in use of nanopore technologies for fourth generation DNA sequencing is expected to offer remunerative opportunities to for the expansion of the market in the next few years.

The convergence of numerous technologies such as ultrafast nanopore sequencing, biosensors, the Internet of things (IoT), cloud computing, computational intelligence algorithms, and other related technologies would gradually expanding the applications of genomics to a wider range of needs. Biosensors make it possible to identify the genetic makeup of bodily fluids, microorganisms residing on the skin, and much more.

The World Health Organization (WHO) on January 30, 2021 declared COVID-19 outbreak a public health emergency of international concern. The nanopore technologies can be used for rapid sequencing of pathogens in multiple outbreak situations. Nanopore technologies were used to find therapeutic options during the outbreak of pandemic, including Zika, Ebola, yellow fever, and swine flu. Moreover, nanopore sequencing quickly generates high consensus accuracy genomes of SARS-CoV-2, to track both transmission of COVID-19 and viral evolution over time. This is further expected to propel the demand for this technology during the pandemic. Simultaneously, limited availability of healthcare staff across the globe is expected to have an undesirable impact on the nanopore technologies market.

Nanopore Technologies Market Segmentation  

The global nanopore technologies market is segmented into product, application, and region. On the basis of product, the market is categorized into instruments and consumables. The applications covered in the study include DNA sequencing and RNA sequencing. Depending on end user, the market is segregated into hospitals & clinics, research institutes, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Nanopore Technologies Market
By Product

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The Consumables segment is expected to led the market throughout the forecast period.

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Segment review 

Presently, on the basis of product, the consumables segment is the major revenue contributor, and is projected to grow significantly during the forecast period. This is attributed to surge in use of consumables in wide array of procedures such as DNA sequencing and RNA sequencing. In addition, increase in usage of consumables in formerly unmapped applications such as sequencing of novel viruses is expected to help the segment gain significant share during the forecast period.

Depending on application, the DNA sequencing segment garnered majority of the nanopore technologies market share, owing to increase in prevalence of viral diseases in both developed as well as developing countries and outbreak of novel virus. Moreover, rise in demand for DNA sequencing through nanopore technology fuels the growth of the segment. 

By end user, the research institutes dominated the global market in 2020, and is expected to continue this trend in the coming years. This is attributed to increase in demand for nanopore technologies in research institutes. 

The key players profiled in this report include Cyclomics, Electronic Biosciences, Inc., Grandomics, INanoBio Inc., Qitan Technology, Quantapore, Inc., Nabsys, Inc., Nonacus, Inc., ONTERA, Inc., and Oxford Nanopore Technologies

Nanopore Technologies Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

North America segment held a substantial revenue share in 2020, whereas, Europe will be the second-largest value contributor and Asia-Pacific is expected to register the fastest CAGR during the forecast period.

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Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the nanopore technologies market size along with the current trends and future estimations to elucidate the imminent investment pockets.
  • The report covers the nanopore technologies market analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
  • A comprehensive analysis of factors that drive and restrain the growth of the nanopore technologies market is provided. 
  • The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook and nanopore technologies market growth.

Key Market Segments

By Product

  • Instruments
  • Portable
  • Benchtop
  • Consumables

By Application 

  • DNA Sequencing
  • RNA Sequencing

By End User

  • Hospitals & Clinics
  • Research Institutes
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

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Nanopore technologies are used to detect the sequence of the DNA or RNA of the virus. Nanopore sequencing enables direct, real-time analysis of long DNA or RNA fragments. This helps in analyzing the type of virus that the researchers are working upon.

Increase in demand for nanopore technologies for identifications of the virus, surge in the applications related to the advent of viral diseases, and increase in tendency of mutations of the virus are expected to help the market gain traction during the forecast period. Furthermore, favorable reimbursement policies associated with these technologies are expected to propel the market growth. However, problems related to maintaining integration of the nucleotide bases hinder growth of the market.

North America is expected to remain dominant during the forecast period, owing to increase in demand for nanopore technologies, rise in incidences of viral diseases, and presence of major key players along with R&D centers. Moreover, Asia-Pacific and LAMEA are expected to offer lucrative opportunities to key players during the forecast period, owing to increase in number of hospitals equipped with nanopore technologies along with surge in utilization of nanopore technologies.

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FREQUENTLY ASKED QUESTIONS?

A. The market value of opthalmic devices market in 2030 was $6,80,872.4 thousand.

A. The base year calculated in the report is 2020.

A. Increased demand for the DNA sequencing through nanopore technologieses will drive the market over the near future according to the KOLs.

A. The market has drawn the interest of the healthcare industry, owing to increasing prevalence of viral diseases, rise in technological advancements in nanopore technologies, and growing awareness among consumers regarding nanopore technologies

A. By product, the consumables segment holds the maximum market share.

A. The market in Asia-Pacific is expected to register lucrative CAGR of 16.10% over the forecast period owing to presence of large population base, increase in awareness regarding nanopore technologieses, and rise in disposable income

A. Nanopore sequencing is scalable technology that enables direct, real-time analysis of long DNA or RNA fragments.

A. Nanopore technologies help in DNA and RNA sequencing to help in diagnosing the viral infections

A. The total value of nanopore technologies market was $1,74,388.2 thousand in 2020.

A. The forecast period in the report is from 2021-2030.

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