Whole Genome Sequencing Market Size
Global Whole Genome Sequencing market reached US$ YY million in 2022 and is expected to reach US$ YY million by 2030, growing at a CAGR of YY% during the forecast period 2023-2030.

Specifying the order of bases is called sequencing. Whole genome sequencing is a laboratory process that specifies the order of bases in the genome of an organism in one operation. Whole-genome sequencing (WGS) is a complete technique for analyzing complete genomes. Genomic data has been instrumental in determining inherited conditions, marking the mutations that cause cancer advancement, and tracking infection outbreaks.

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Market Dynamics: Drivers & Restraints
Increasing Advanced Products Introductions
The increasing advanced products introductions into the market is expected to boost the global market growth during the forecast period. For instance, in September 2022, Illumina, Inc. introduced its NovaSeq X series platforms, including NovaSeq X Plus and NovaSeq X. The production-scale sequencers can yield around 20,000 whole genomes in a year, which delivers 2.5 times better throughput than existing sequencers. Moreover, in January 2023, Qiagen Digital Insights (QDI) introduced Qiagen CLC Genomics Workbench Premium software that analyses the whole genome data in 25 minutes for almost USD 1 in cloud computing costs.

Whole Genome Sequencing Market Segment Analysis
The global whole genome sequencing market is segmented based on product, type, application, end user and region.

Services Products are Expected to Dominate Market
Owing to the increase in the introductions of new genome sequencing services into the market and the low-cost genome sequencing are boosting the segment growth dominating the global market during the forecast period. For instance, in February 2021, Stanford Medicine introduced its whole genome sequencing in-house service for the detection of the reason for disorders, particularly cardiovascular disease, and assists in the identification of target therapies. 

COVID-19 Impact Analysis
The increased use of genomic sequencing in response to the pandemic has had a positive impact on the market. One example of this is the COVID-19 Genomics U.K. Consortium, which was launched by the U.K. Government in March 2022 to sequence the genomes of the SARS-CoV-2 virus. The consortium received an investment of approximately USD 22 million (EUR 20 million) to map the spread of the virus. Additionally, the Department of Defense developed a SARS-CoV-2 Whole Genome Sequencing Action Plan in December 2022, in response to the COVID-19 pandemic.

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Key Players:-
The major global players in the market include Illumina; Inc., Thermo Fisher Scientific, Inc., Oxford Nanopore Technologies, QIAGEN, Agilent Technologies, PerkinElmer Genomics, Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd, PACBIO and PierianDx.

Key Developments
October 2023 Congenica, a digital health corporation delivering software and solutions for the analysis and interpretation of genomic data at scale, expanded its contract by 2 years for the Hong Kong Genome Project (HKGP), the first large-scale genome sequencing initiative in Hong Kong. 

In October 2023, PacBio, a top developer of high-quality, highly precise sequencing solutions, introduced PacBio WGS Variant Pipeline, a complete, standardized computational approach for HiFi whole genome sequencing (WGS) data analysis.

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