Nanopore Sequencing Market Potential Boosted by Rising Use in Viral Genome Sequencing and Infectious Disease Research

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Nanopore Sequencing Market- (By Product (Instruments, Consumables), By Type of Nanopore (Solid State, Biological, Hybrid), By Type of Nucleotide Sequenced (DNA, RNA), By Application, By End-user, By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the Global Nanopore Sequencing Market is valued at USD 343.0 Mn in 2024, and it is expected to reach USD 1,949.5 Mn by 2034 , with a CAGR of 19.4 % during the forecast period of 2025-2034.

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Nanopore sequencing is an advanced DNA sequencing technology that monitors changes in electrical current as DNA or RNA molecules pass through a protein nanopore embedded within a membrane. Unlike conventional sequencing methods, this approach does not require nucleic acid amplification or labeling, enabling real-time analysis and the generation of long-read sequences. Its capabilities are particularly valuable for identifying complex genomic rearrangements and structural variants.

The nanopore sequencing market is experiencing substantial growth, driven by the rising prevalence of genetic disorders and increasing demand for long-read sequencing solutions applicable to both DNA and RNA analyses. The technology’s key advantages—including cost efficiency, rapid sequence detection, high accuracy, and the ability to detect nucleotide modifications—have facilitated its adoption across research and clinical applications. Market expansion is further supported by increased consumption of sequencing reagents and consumables, as well as the development of novel applications such as viral genome sequencing, underscoring nanopore sequencing’s versatility and essential role in modern genomics.

List of Prominent Players in the Nanopore Sequencing Market:

·      Bio-Rad Laboratories, Inc.

·      Danaher Corporation

·      Pacific Biosciences

·      Oxford Nanopore Technologies Limited

·      QIAGEN

·      F. Hoffmann-La Roche Ltd.

·      PerkinElmer Inc.

·      Thermo Fisher Scientific

·      Eurofins Scientific

·      Agilent Technologies, Inc.

·      Myriad Genetics, Inc.

·      Others

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Market Dynamics

Drivers:

The nanopore sequencing market is being propelled by substantial investments from both public and private sectors, reflecting the technology’s recognized potential in personalized medicine and genomic research. Increased funding is directed toward enhancing the precision, efficiency, and accessibility of sequencing platforms. For instance, in October 2023, French in vitro diagnostics company bioMérieux SA invested EUR 70 million in a strategic collaboration with Oxford Nanopore Technologies.

This partnership aims to advance next-generation clinical diagnostics for genetic disorders and oncology by leveraging nanopore-based molecular sensing technologies. Such alliances not only strengthen the market positioning of participating companies but also accelerate the adoption of nanopore sequencing solutions across research and clinical applications.

Challenges:

Despite its technological advantages, high acquisition and operational costs of nanopore sequencing instruments and consumables continue to limit widespread adoption, particularly in resource-constrained settings. Although ongoing innovations are progressively reducing expenses, cost remains a significant barrier for many potential users. Additionally, the complexity of operating nanopore sequencing systems and analyzing high-dimensional genomic data necessitates specialized technical expertise, further constraining market expansion. To sustain long-term growth, the development of more affordable, user-friendly, and streamlined platforms will be essential.

Regional Trends:

North America is expected to maintain its dominance in the nanopore sequencing market, supported by a dense concentration of key industry players, robust government funding, and a strong focus on research and development. The region benefits from advanced healthcare infrastructure and rapid adoption of innovative sequencing technologies. The United States, in particular, serves as a global center for genomic innovation, driven by strategic investments in precision medicine and personalized healthcare initiatives.

In contrast, the Asia-Pacific region is projected to register the fastest growth over the forecast period, driven by rising awareness of advanced sequencing technologies, increasing emphasis on precision healthcare, and expanding healthcare expenditure. Countries such as China, Japan, and India are investing heavily in genomic research and healthcare infrastructure, fueling the adoption of nanopore sequencing across the region.

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Recent Development:

·      September 2024: CycloneSEQ-WT02 and CycloneSEQ-WY01, two nanopore gene sequencing products, have been commercialized and distributed worldwide by MGI Tech Co., a Chinese firm. With a number of scientific advancements, including sophisticated protein engineering, a novel flow cell architecture, and a cutting-edge base calling algorithm, the CycloneSEQ technology exhibits promise in a variety of genomics domains. It is designed to achieve high sequencing accuracy and throughput.

·      August 2024: Oxford Nanopore Technologies received an investment of GBP 50 million (USD 63 million) from Novo Holding. Through real-time workflows, Oxford Nanopore's analytical technology is being utilized for DNA and RNA sequencing, giving users insights into the epigenetics of a material. This investment demonstrated Oxford Nanopore's expanding potential in the biopharmaceutical industry and the company's faith in its technology.

Segmentation of Nanopore Sequencing Market-

Nanopore Sequencing Market- By Product

• Instruments
• Consumables

Nanopore Sequencing Market- By Type of Nucleotide Sequenced

• DNA
• RNA

Nanopore Sequencing Market- By Type of Nanopore

• Solid State
• Biological
• Hybrid

Nanopore Sequencing Market- By Application

• Clinical Research
• Human Genetics
• Animal Research
• Others

Nanopore Sequencing Market- By End-User

• Clinical Laboratories
• Biotechnological Companies
• Academic & Research Institutes
• Others

Nanopore Sequencing Market- By Region

North America-

·      The US

·      Canada

Europe-

·      Germany

·      The UK

·      France

·      Italy

·      Spain

·      Rest of Europe

Asia-Pacific-

·      China

·      Japan

·      India

·      South Korea

·      South East Asia

·      Rest of Asia Pacific

Latin America-

·      Brazil

·      Mexico

·      Rest of Latin America

 Middle East & Africa-

·      GCC Countries

·      South Africa

·      Rest of the Middle East and Africa

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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