DNA Sequencing is a process used for determining the precise nucleotides order in a DNA molecule. DNA sequencing has the ability to measure real-time nucleotides in addition to a DNA molecule; hence, this process is used in multiple sectors. Owing to its low-cost, fast analysis methods with precisely high accuracy, DNA sequencing is hugely used in cancer research centers.
Various advantages of DNA sequencing procedures are escalating its market on the furthered heights on the global platform, allowing it to garner phenomenal traction.
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Acknowledging the exponential traction, the market perceives currently Market Research Future (MRFR) in its recently published study report asserts that the global DNA Sequencing market will grow exponentially by 2023, registering approximately 17.64% CAGR throughout the forecast period (2018 – 2023).
Additional factors substantiating the market growth include the growing complimentary industries, augmented adoption of precision medicine, and the increasing applications of DNA sequencing in biotechnology, virology, forensic biology, and molecular biology. Besides, projects such as the human genome and the growing adoption of genetics for livestock and agriculture research foster market growth.
Certainly, the improving economic conditions are playing a vital role in supporting the market growth, enabling access to the quality of life and improved healthcare. On the other hand, the nascent stage of DNA sequencing is presenting some challenges to the growth of the market. Also, some other factors such as the lack of funds for R&D alongside the high cost of development and maintenance required for the data safety, and ethical considerations inhibit the growth of the market. Nevertheless, private and public funding programs that are increasing rapidly are expected to support the market growth providing sufficient funds for R&D.
DNA Sequencing Market – Segmentation
MRFR has segmented its analysis into seven key dynamics for enhanced understanding.
By Products/Type : Consumables (reagents and chemicals, laboratory wares, other), Instruments (sequencers, bioreactors, others), and Services, among others.
By Process : Sample Preparation, Sequencing, and Data Analysis, among others.
By Technology : Next Generation DNA Sequencing, and Chain Terminator DNA Sequencing, among others.
By Application : Precision Medicine, Diagnostics, Drug Discovery, Agriculture & Livestock Research, and Molecular & Evolutionary Biology, among others.
By Technique : Pyro-Sequencing, Ion Semiconductor Sequencing, Synthesis Sequencing (SBS), Chain Termination Sequencing, Ligation Sequencing, Single Molecule Real Time Sequencing (SMRT), and Nanopore Sequencing among others.
By End-user : Forensics, Hospitals & Clinics, Pharmaceutical & Biotechnology Industry, Genomics & Livestock’s Academics, Research Institutes, and others.
By Regions : Europe, North America, APAC, and the Rest-of-the-World (RoW).
DNA Sequencing Market – Regional Analysis
The North American region dominates the global DNA sequencing market owing to the presence of leading global players such as Thermo Scientific, Perkin Elmer, and others, and encouraging governmental support for the research and development activities in healthcare. Additional factors encouraging market growth include increased uptake of advanced technologies and high healthcare expenditures.
The DNA sequencing market in the US backed the increasing demand for DNA sequencing contributes to the market growth in the region majorly. The region heading with the rising demands for DNA sequencing procedures will create a larger revenue pocket in the global DNA sequencing market by 2023.
The European region accounts for the second-largest market for DNA sequencing. Factors such as the recent advancements and the uptake of the technology in the medical sector alongside the presence of a large medical devices industry and rising healthcare expenditure will facilitate the growth of the regional market. Besides, factors such as support and funding from public & private sectors for research & development impacts the market growth in the region positively.
The Asia Pacific region is emerging as a promising market for DNA sequencing, heading with huge contributions from some of the Asian countries such as South Korea, China, Japan, and India. With the rising demand for DNA sequencing and increasing adoption of these techniques in various procedures, APAC market is expected to register a phenomenal CAGR during the forecast period.
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Global DNA Sequencing Market – Competitive Analysis
The fiercely competitive DNA Sequencing market appears to be fragmented with many well-established as well as small & new entrants forming the competitive edge. new technology launch, innovation, and brand reinforcement remain the popular trends for the key players in the market. The growth statistics of the DNA Sequencing market presage the probable heights the market can reach further.
The fervent players leading the global DNA Sequencing market include Perkin Elmer, Genia Corporation, Roche Holdings AG, Siemens AG, Koninklijke Philips N.V., Agilent Technologies Inc., Oxford Nanopore Technologies, Illumina Inc., Pacific Biosciences, Deep Genomics, Inc., Johnson & Johnson, Life Technologies, Eppendorf, Hamilton Thorne Biosciences, Tecan, Myriad Genetics, General Electric Company, Thermo Scientific, Siemens Healthineers GmbH, Bayer Corporation, and Beckman Coulter.
November 02, 2018 – llumina, Inc. (US), leading Biotechnology company involved in manufacturing and marketing integrated systems for the analysis of genetic variation and biological function announced its plans to acquire Pacific Biosciences (US), a biotechnology company developing and manufacturing systems for gene sequencing and some novel real-time biological observation for approximately USD 1.2 BN.
Pacific Biosciences DNA sequencers will enable DNA to be deciphered with high levels of precision, in order to enable scientists to tackle genetically complex problems. The acquisition complements Illumina’s sequencing solutions with accurate long-read sequencing capabilities to answer a set of complex genomic questions.
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global DNA Sequencing Market, By Type
Chapter 7. Global DNA Sequencing Market, By Product
Chapter 8. Global DNA Sequencing Market, By Technology
Chapter 9. Global DNA Sequencing Market, By Application
Chapter 10. Global DNA Sequencing Market, By End-Users
Chapter 11. Global DNA Sequencing Market, By Region
Chapter 12. Company Landscape
Chapter 13. Company Profiles
Chapter 14 MRFR Conclusion
Chapter 15. Appendix
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LIST OF TABLES
Table 1 Global DNA Sequencing Market Synopsis, 2018–2023
Table 2 Global DNA Sequencing Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global DNA Sequencing Market, By Types, 2018–2023 (USD Million)
Table 4 Global DNA Sequencing Market, By Product, 2018–2023 (USD Million)
Table 5 Global DNA Sequencing Market, By Technology, 2018–2023 (USD Million)
Table 6 Global DNA Sequencing Market, By Application, 2018–2023 (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global DNA Sequencing Market
Figure 3 Segmentation Market Dynamics For Global DNA Sequencing Market
Figure 4 Global DNA Sequencing Market Share, By Types, 2018 (%)
Figure 5 Global DNA Sequencing Market Share, By Product, 2018 (%)
Figure 6 Global DNA Sequencing Market Share, By Technology, 2018 (%)