Sequencing-services is one of the most prominent growth avenues in the global biotechnology sector. These technologies find wide scale applications in the field of cancer, reproductive health, genetic disorders and infectious diseases among others. Several other factors have also played a pivotal role in fuelling the growth of this market. Growing adoption of personalized & regenerative medicines and rising incidences of chronic disorders, and advent of novel technologies have also been significant in complimenting to the growth of this market. However, High cost related sequencing have limited the adoption of these techniques and ethical issues related to DNA sequencing in reproductive health are some of the factors likely to restrain the market to a certain extent.
Market Industry Reports (MIR) has published a new report titled “DNA Sequencing Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global DNA sequencing market is estimated to be over US$ 8,500.0 million in 2019. It is anticipated to grow at a CAGR of ~18.0% from 2019 to 2030.
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Some of the prominent players in the DNA Sequencing Market include:
Abbott Laboratories, Agilent Technologies, Inc., Danaher (Beckman Coulter), F. Hoffmann-La Roche Ltd, Illumina, Inc., LI-COR, Inc., Pacific Biosciences of California, Inc., Oxford Nanopore Technologies, Bio-Rad Laboratories, Inc., and Thermo Fisher Scientific
For instance, technological advancements in the sector of sequencing-services have played a pivotal role in impelling the global DNA sequencing market. Since, the commercial introduction of first generation sequencing techniques, followed by next-generation sequencing (NGS), DNA sequencing has matured into an essential tool for studying genetic features for a wide range of applications. As novel, innovative & advanced technologies are continuously being introduced, the market for global DNA sequencing market, looks extremely promising in the coming years.
The introduction of regenerative & personalized medicines has been one of the major factors propelling the growth of the global DNA sequencing market. For instance, rising incidences & prevalence of chronic disorders have triggered the need for personalized medicines, to specifically cater to the genome of an individual. DNA sequencing technology application, in this field have assisted researchers to better understand the genomic makeup and thereby formulate drugs specifically catering to ailments.
The DNA Sequencing Market is segmented on the basis of Product, Modality, Cancer Type, End-Users and region.
By Product:
Instruments, Consumables and Services
Application:
Diagnostics, Reproductive Health, Forensics, Biomarkers & Cancer and Personalized Medicine
Technology:
Sequencing by Synthesis, Sequencing by Ligation, Single-molecule Real-time Sequencing, Nanopore Sequencing, Ion Semiconductor Sequencing, Pyrosequencing, and Chain Termination Sequencing
End User:
Academic & Government Research Institutes, Biotechnology & Pharmaceutical Companies, and Hospitals & Clinics
Research Approach
As a standard protocol at MIR, all research assignments go through the following rigorous processes.
- Secondary Research
- Primary Research
- Market Size Estimation & Forecasting
- Data Validation & Triangulation
- Report Generation
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
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