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Average cost of sequencing a human genome, 2001-2022 (USD Millions)

Average cost of sequencing a human genome, 2001-2022 (USD Millions) | HolonIQ
The average cost of sequencing a human genome fell exponentially from millions to only $525 over the past two decades

Average cost of sequencing a human genome, 2001-2022 (USD Millions)

Source

National Human Genome Research Institute

Date

11 Dec 2023

Notes

The initial successful execution of genomic sequencing dates back to 2010. During the early 2000s, the expenses related to genomic sequencing were significant, reaching millions due to limited expertise and equipment availability. However, advancements in scalability have led to a substantial reduction in sequencing costs over time. By 2022, the average cost of genomic sequencing had declined to $525. This trend suggests a potential analogous progression in the affordability of gene therapies. Presently, gene therapies command costs in the millions, but a foreseeable trend toward affordability is anticipated. The concerted efforts of governments and health insurance providers to enhance coverage are expected to enhance accessibility. Notably, the Center for Medicare and Medicaid has introduced a new pilot program aimed at establishing a payment framework for costly sickle-cell gene therapies.

License

CC BY 4.0