DNA Sequencing Market – Overview

The increased interest related to mapping out the human genome is raising the focus on DNA sequencing relatively. DNA Sequencing Market Reports connected with the healthcare industry have been presented by Market Research Future which makes reports on other industry verticals that intends to analyze the current market scenarios better. The market is anticipated to reach a CAGR of 17.64% in the duration of the forecast period.

Increased levels of investments in understanding the application of effective DNA sequencing is motivating the development of the market. The rising requirement of breeders for plant and animals’ production so as to reduce food deficits globally is spurring the development of the DNA sequencing market. The progress in technology complemented by growing research and development is expected to reinforce the market's growth in the forecast period positively.

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DNA Sequencing Market Segmental Analysis

The segmentation of the DNA sequencing industry has been carried out on the basis of product, type, application, technology, and end-users. Based on type, the DNA sequencing market is segmented into workflow products and instruments & consumables services. On the basis of product, the market is segmented into sequencing services and sequencing instruments & consumables. Based on technology, the DNA sequencing market is segmented into pyrosequencing, semiconductor sequencing, single-molecule real-time sequencing (SMRT), sequencing by synthesis, sequencing by ligation (SBL), and other technologies. On the basis of application, the DNA sequencing market is segmented into agriculture and animal research, diagnostics, biomarker discovery, drug discovery, personalized medicine, and other applications. The end-user segmentation of market comprises of biotechnology and pharmaceutical companies, clinics and hospitals, research centers and government institutes and academia, and other end-users.

DNA Sequencing Market Detailed Regional Analysis

The regional analysis of the market for DNA sequencing consists of regions such as Europe, the Middle East, Asia Pacific, North America, and Africa. The North American market is anticipated to lead the DNA sequencing market owing to the increasing prevalence of cancer among the aged population, advanced innovation in ecology, large buying power, and the incidence of major companies. The European region is projected to motivate the progress of the DNA sequencing market in the approaching years owing to the growing incidences of an elderly population enduring from cancer treatment, sedentary lifestyle, and an effective reimbursement scenario. The Asia Pacific region is anticipated to record healthy growth in the upcoming years due to the existence of a huge patient population and increasing healthcare infrastructure and spending. The Middle East and Africa is anticipated to be accredited with the smallest market share in the global DNA sequencing market owing to the lack of advanced technology and mediocre medical facilities in emerging economies in this region.

DNA Sequencing Market Competitive Analysis

The expansion of a strong value chain is additionally motivating the development of the market. The tactical goals intended for the market are buoyed due to advantageous product differentiation carried out by market contestants. The growth of the market is moving in a promising direction due to new product introductions or intensifying gross revenue of the players in the market. Increased conformity of market players to new customers and market trend inclinations are boosting the growth curve of the market and will persist in the forecast period. Substantial cuts in administrative costs are inducing further expansion of the market. The vertical supplements and product tactics of the market are advancing the potential of the market players. The effective implementation of strategies is likely to stimulate the market in the coming years.

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The renowned contenders in the DNA sequencing market globally are Roche Holdings AG, Siemens AG, Illumina, Agilent Technologies Inc., Siemens Healthineers GmbH, Perkin Elmer, Oxford Nanopore Technologies, Pacific Biosciences, Deep Genomics, Inc., Johnson & Johnson, Life Technologies, Hamilton Thorne Biosciences, Genia Corporation, Illumina, Eppendorf, Tecan, General Electric Company, Koninklijke Philips N.V., Myriad Genetics, Bayer Corporation, Thermo Scientific, Beckman Coulter, and others.