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Nanopore Technology opens a new horizon for molecular and genomic investigations. In nanopore technology, current is passed through the nano-sized pores and the fluctuations in the current as the biomolecules pass through the pores are measured, which can be later used in protein sequencing. All the sequencing information can be easily stored in the form of electronic data. Nanopore technology has emerged as a source of fourth-generation DNA sequencing and can reliably be employed to sequence the entire human genome. Compared to other sequencing methods, use of nanopore-based sequencers are quicker and cost-effective. Numerous studies are initiated to develop sequencers and molecule detectors using nanopore technology. For example, Quantapore Inc., one of the players in nanopore technology, is working on developing sequencing technology having the potential to sequence large amount of DNA using nanopore technology.
This is expected to positively impact the global nanopore technologies market dynamics. Furthermore, nanopore technology has become an area of investment by many prominent players. Recently, in October 2018, Amgen invested US$ 66 Mn on Oxford Nanopore Technologies, enabling the development of innovative gene sequencing tools.
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The growth in Global Nanopore Technologies Market is being driven by the increasing demand for DNA sequencing, increased research on nanopore technology, new product launch and rising use of epigenetics for the development of new treatment methods. In addition, the upsurge in fourth-generation DNA sequencing using nanopore technology is projected to fuel the global nanopore technologies market in the anticipated years.
However, maintaining uniformity in the thickness of the nucleotide bases and embedded electrodes, difficulty in controlling the position, and unidirectional translocation of the nucleotide bases are some of the challenges that can hamper the growth in global nanopore technologies market.
Some of the major companies operating in the global nanopore technologies market are Oxford Nanopore Technologies, NorthShore Bio, Nabsys LLC, Electronic BioSciences, Quantapore Inc., Stratos Genomics, Noblegen Biosciences, and other players.
· DNA Sequencing
· RNA Sequencing
By End User
· Biotechnological Companies
· Education & Research Institute
· Forensic Labs
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
In terms of application, the DNA sequencing segment is estimated to dominate the global nanopore technologies market due to the increased need for DNA sequencing tools in studying disease conditions & genomic sequences for the development of drugs. In 2018, Oxford Nanopore Technologies, launched MinIT, an accessory for rapid nanopore DNA sequencing, which is estimated to further fuel the DNA sequencing segment in global nanopore technologies market.
The global nanopore technology market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is likely to emerge dominant in the nanopore technologies market during the forecast period owing to the extensive research on making nanopore-based detector, DNA transistors, Etc. For example, NorthShore Bio, one of the companies operating in nanotechnology and molecular detection, is developing a semiconductor-based silicone molecular detectors by incorporating nanopore technology to be used for fourth-generation DNA sequencing and direct RNA sequencing. This is estimated to augment the growth in nanopore technologies market in North America by 2025. In Europe and Asia Pacific, the nanopore technologies market is anticipated to have a significant growth owing to the rapid adoption of emerging technologies for genomic studies.
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