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HEALTHCARE & PHARMACEUTICAL

Immune Repertoire Sequencing Market Segmentation by Product Type (Instruments, and Assay Kits); by Application (Cancer Immunotherapy, Biomarker Discovery, Autoimmune Diseases, Vaccine Development and Efficacy, Transplant Rejection and Tolerance, Infectious Diseases, and Others); and by End User (Pharmaceutical Companies, Research Institutes, Diagnostic Labs, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • January 2022- BGI and Gencove announced the extension of agreement for offering low-pass whole genome sequencing and analysis service to improve global health and sustainability.

  • July 2021- Thermo Fisher introduced a new suite of immune repertoire assays that will help identify potentially malignant clones of T-cells and B-cells.

Global Immune Repertoire Sequencing Market Highlights Over 2022 - 2031

The global immune repertoire sequencing market is estimated to garner a substantial revenue by growing at a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the increasing number of launches of novel medical products, and rising government funding to improve the healthcare infrastructure, especially in developing nations. Along with these, growing prevalence of cancer across the globe, coupled with surge in the usage of immune repertoire sequencing for biomarkers discovery and cancer immunotherapy are also projected to drive market growth significantly in the forthcoming years. As per the World Health Organization, cancer is the leading cause of death globally, causing bout 10 million deaths in 2020, or 1 in every 6 deaths. Furthermore, escalating number of research & development activities to identify disease-related symptoms in the immune systems of patients is projected to offer abundant growth opportunities to the market in the near future.

Immune Repertoire Sequencing Market

The market is segmented by application into cancer immunotherapy, biomarker discovery, autoimmune diseases, vaccine development and efficacy, transplant rejection and tolerance, infectious diseases, and others. Out of these, the cancer immunotherapy segment is anticipated to hold the largest share in the global immune repertoire sequencing market on account of the growing use of the technique to study the role of the immune system in the progression and development of cancer. Apart from this, rising emphasis of medical professionals on targeted immunotherapy for cancer treatment is also predicted to boost the growth of the market segment in the future. Additionally, on the basis of end user, the pharmaceutical companies segment is assessed to acquire the largest share during the forecast period owing to the increasing investments by companies to develop new and more effective products for treating infectious diseases. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita, (USD), 2015-2018

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Immune Repertoire Sequencing Market Regional Synopsis

Regionally, the global immune repertoire sequencing market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the increasing number of international collaborations for immune repertoire sequencing in the region. In addition, focus of countries, namely China and Japan, for the integration of new technologies in the healthcare sector is also expected to drive market growth significantly in the coming years. Moreover, the market in North America is projected to occupy the largest share over the forecast period ascribing to the high health spending, and strong presence of market players in the region. According to the Centers for Medicare & Medicaid Services (CMS), the health spending in the United States grew by 9.7% in 2020, reaching a value of USD 4.1 trillion, or USD 12,530 per person.

Immune Repertoire Sequencing Market Share

The global immune repertoire sequencing market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global immune repertoire sequencing market includes the following segments:

By Product Type

  • Instruments
  • Assay Kits

By Application

  • Cancer Immunotherapy
  • Biomarker Discovery
  • Autoimmune Diseases
  • Vaccine Development and Efficacy
  • Transplant Rejection and Tolerance
  • Infectious Diseases
  • Others

By End User

  • Pharmaceutical Companies
  • Research Institutes
  • Diagnostic Labs
  • Others

Growth Drivers

  • Increasing Number of Launches of Novel Products
  • Rising Government Funding to Improve the Healthcare Infrastructure

Challenges

  • Lack of Skilled Personnel in Lower Economic Regions

Top Featured Companies Dominating the Market

  • Agilent Technologies, Inc
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Illumina, Inc.
  • Pacific Biosciences of California, Inc
  • QIAGEN N.V.
  • Thermo Fisher Scientific, Inc.
  • F. Hoffmann-La Roche AG
  • Takara Bio, Inc
  • Oxford Nanopore Technologies, Ltd
  • BGI Group
  • Atreca Inc

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