DNA Sequencing Market Analysis
DNA sequencing is useful for determining the order of the precise nucleotides in a DNA molecule. Market Research Future (MRFR) recently launched a report on DNA Sequencing Market Research Report – Forecast to 2023, that declares this market could see an expansion at 17.64 % CAGR between 2018 and 2023.
An important market driver of the global DNA sequencing market size is a rise in adoption of precision medicine. The growth in complementary industries and applications is also aiding market growth. Such industries and applications include biotechnology, molecular biology, forensic biology, and virology.
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DNA Sequencing Market Key Players
Major players in the global DNA sequencing market include Agilent Technologies Inc. (USA), Beckman Coulter (USA), Bayer Corporation (Germany), Deep Genomics Inc. (Canada), Eppendorf (Germany), Genia Corporation (USA), General Electric Company (USA), Illumina (USA), Hamilton Thorne Biosciences (USA), Johnson & Johnson (USA), Life Technologies (USA), Koninklijke Philips N.V. (Netherlands), Myriad Genetics (USA), Oxford Nanopore Technologies (UK), Perkin Elmer (USA), Pacific Biosciences (USA), Roche Holdings AG (Switzerland), Siemens Healthineers GmbH (Germany), Siemens AG (Germany), Thermo Scientific (USA), and Tecan (Switzerland).
DNA Sequencing Market Segmentation
The global DNA sequencing market segmentation covers DNA sequencing applications, end-users, process, products, and technology.
The application-based segmentation of this DNA sequencing market covers diagnostics, agriculture research, drug discovery, precision medicine, livestock research, and others. Regarding end-users, the market has been segmented into forensics, hospitals & clinics, genomics & livestock’s academics & research institutes, pharmaceutical & biotechnology industry, and others. In the context of a process, the market has been segmented into data analysis, sample preparation, sequencing, and others. On the basis of technology, the DNA sequencing market has been segmented into chain terminator DNA Sequencing, next-generation DNA Sequencing, and others. Next-generation sequencing (NGS) describes many different modern sequencing technologies.
Based on products, the DNA sequencing market has been segmented into instruments, consumables, services, and others. The instruments segment has been sub-segmented into bioreactors, sequencers, and others. The consumables segment can be sub-segmented into reagents & chemicals, laboratory wares, and others.
A geographical outlining of the global DNA sequencing market encompasses the Americas (North America & South America), Asia Pacific, Europe, and the Middle East & Africa (MEA).
The Americas holds the largest market share as North America alone has the potential to capture the lion’s share in the global DNA Sequencing market due to faster adoption of the latest technology, availability of advanced medical facilities, higher disposable income, stronger purchasing power, and presence of key market players. Canada is the second major country-specific market in this region. North America is the bigger regional market segment, compared to South America due to the availability of advanced medical facilities.
Europe is the second-largest regional market. Due to the reasons the same as the Americas, Western Europe is a bigger regional market segment compared to Eastern Europe. Germany is the biggest country-specific market, followed by the UK and France. These three countries are the most powerful economies in Europe. In Germany, many large medical devices are manufactured. Due to greater demand and research & development (R&D) ecologies, the European market can grow during the forecast period. Italy and Spain are two other important country-specific markets in this region.
During the forecast period, the Asia Pacific region can grow at the fastest rate with the maximum growth expected in China, India, Japan, and South Korea.
In the Middle East & Africa (MEA), the Middle East region is the bigger market due to the decent economic progress and decent infrastructure being available in countries like Saudi Arabia and UAE for providing quality medical services. During the forecast period, Africa is expected to lag behind the Middle East due to poor economic conditions and political instability. Majority governments in MEA region do not give priority to healthcare, thus, resulting in the slow market growth in this region.
DNA Sequencing Industry News
NHS has scrapped its plan to let healthy people pay for DNA sequencing. Earlier Government had plans to sell DNA sequencing to healthy people on condition that they would share their results for medical research. 25 JUL 2019
Table Of Contents:
Chapter 1. DNA Sequencing Market Report Prologue
Chapter 2. DNA Sequencing Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. DNA Sequencing Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. DNA Sequencing Market Factor Analysis
Browse the market data and information spread across 90 pages with 62 data tables and 74 figures of the report “DNA Sequencing Market Research Report: By Type (Workflow Products and Others), By Product (Sequencing Services and Others), By Technology (Semiconductor Sequencing and Others), By Application (Diagnostics and Others), End-Users— Global Forecast Till 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/dna-sequencing-market-5774
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