DNA Sequencing Market Overview
Market Research Future (MRFR) analysed the global DNA sequencing market 2020 for the evaluation period from 2018 to 2023. The DNA sequencing market can rise at 17.64 % CAGR in the forecast period. By 2023, the DNA sequencing market can acquire a substantial value. COVID 19 impact assessment for the DNA sequencing market is offered in the report. Changes in the competitive landscape of the DNA sequencing market due revolution in the genetics field, marked by introduction of precision medicine and such others, can cause the market to thrive in across the study period. The growing need to explore the disruptive power of synthetic biology is encouraging research in DNA sequencing. This can promote the expansion of the market.
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The introduction of modern technology, such as DNA field-effect transistor (DNAFET) among many others, can improve the DNA sequencing market impetus in the foreseeable future. However, cost can be a restrain on the market rise.
DNA Sequencing Market Segments
The segment evaluation of the global DNA sequencing market is done by process, devices, applications, technology, end users, and technique.
The types-based segments of the DNA sequencing market are consumables, and instruments among others. The sub-segments of the instruments segment are bioreactors, and sequencers among others. The sub-segments of the consumables segment are laboratory wares, and reagents and chemicals among other.
The process-based segments of the DNA sequencing market are sequencing, sample preparation, and data analysis among others.
The technology-based segments of the DNA sequencing market are next generation DNA sequencing, and chain terminator DNA sequencing among others.
The application-based segments of the DNA sequencing market are drug discovery, diagnostics, livestock research, precision medicine, and agriculture research among others.
The technique-based segments of the DNA sequencing market are pyro-sequencing, ion semiconductor sequencing, ligation sequencing, synthesis sequencing (SBS), chain termination sequencing, single molecule real time sequencing (SMRT), and Nano pore sequencing among others.
The end users-based segments of the DNA sequencing market are forensics, hospitals and clinics, academics and research institutes, genomics and livestock’s, and pharmaceutical and biotechnology industry among others.
DNA Sequencing Market Regional Analysis
In North America, the DNA sequencing market can hold the highest world market share for the review period. Innovations and advances in energy and power sector and evolution in energy ecosystem can support the expansion of DNA sequencing market in the review period. In addition, increase in power consumption due to its high demand, existence of renowned players, and the rapid adoption of modern technology can favor the regional market. The need for compulsory screening for new burns, alongside the presence of effective orphan diseases drugs reimbursement can alter the market growth dynamics in the near future. In APAC, the large-scale production of genetically modified foods due to their rising preference among people can benefit the DNA sequencing market across the assessment period. Europe DNA sequencing market can hold the second largest share of the worldwide market by the end of the study period. The UK and Germany can be at the forefront position of the regional market. The Middle East and Africa market can expand at decent pace through the analysis period.
DNA Sequencing Market Key players
Roche Holdings AG, Perkin Elmer, Myriad Genetics, Life Technologies, Illumina, Agilent Technologies Inc., Siemens AG, Illumina, Oxford Nanopore technologies, Siemens Healthineers GmbH, Genia Corporation, General Electric Company, Pacific Biosciences, Koninklijke Philips N.V., Deep Genomics, Inc., Tecan, and Thermo Scientific, Johnson & Johnson, Bayer Corporation, Eppendorf, Hamilton Thorne Biosciences, and Beckman Coulter among others are some prominent players that are operating in the DNA sequencing market that are recognized by MRFR.
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