DNA Sequencing Market Overview
In medical advances, determining the DNA sequence has proven quite effective in providing patients with personalized therapy. When it comes to treating cancer patients, DNA sequencing is especially helpful in narrowing down the best chemotherapeutic alternatives. As per MRFR, the DNA sequencing market is estimated to gain a CAGR of 17.64 % in the forecast period.
The overall growth of the DNA sequencing sector has been fuelled by increased R&D development, investment, and sequencing applications. The DNA sequencing sector has expanded in recent years due to the vast range of uses of next-generation sequencing and whole-genome sequencing.
The DNA sequencing market has been divided into two type segments: instruments and consumables. The market has been categorized into sample preparation, sequencing, data analysis, and others based on the procedure. The DNA sequencing market has been split into diagnostics, precision medicine, livestock research, drug development, agriculture research, and others based on the application. Forensics, genomics, academics & research institutes, Hospitals & clinics, pharmaceutical, and biotechnology industries, and livestock are among the market’s end users. The DNA sequencing market has been divided into three categories based on technology: next-generation DNA sequencing and chain terminator DNA sequencing. Ion semiconductor sequencing, ligation sequencing, single-molecule real-time sequencing (SMRT), pyro-sequencing, synthesis sequencing (SBS), chain termination sequencing, and Nano pore sequencing have been used to segment the market.
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Detailed Regional Analysis
The regional evaluation of the DNA sequencing market includes Africa, Europe, Asia-Pacific, North America, and the Middle East. Due to the increased presence of numerous significant market competitors and increased investments in R&D development. The governments of the United States and Canada have expanded their efforts to encourage market growth. In recent years, however, Asia-Pacific regions have shown promising development rates. International initiatives have been spurred to extend their businesses through strategic initiatives as their consumer base has grown.
The minimization of supply chain bottlenecks is the main objective that market challengers are intended to address aggressively in the predicted year. Companies now have a new mission surrounding the customer journey and the rapid acceleration of digitalization due to the global pandemic. However, the upheaval produced by the COVID crisis has not only created a whole new dimension of risk. Still, it has also prompted enterprises to reassess risks as they navigate cautiously through an uncertain economic climate. During the forecast period, the market is anticipated to offer new and profitable expansion options. The battle for the majority share is predicted to change the market landscape in the forecast period fundamentally. After the decline seen in the aftermath of the pandemic, the government bodies of various nations are believed to play an important role in the worldwide market’s resuscitation. The market is more inclined to conduct business transactions online than in physical locations. End-users in the business are predicted to exhibit a wide range of preferences in the coming years.
The distinguished contenders in the DNA sequencing market are Roche Holdings AG, Eppendorf, Siemens AG, Deep Genomics, Inc., Illumina, Hamilton Thorne Biosciences, Agilent Technologies Inc., Bayer Corporation, Genia Corporation, Perkin Elmer, Oxford Nanopore Technologies, Koninklijke Philips N.V., Pacific Biosciences, Johnson & Johnson, Life Technologies, Illumina, Myriad Genetics, Tecan, Thermo Scientific, General Electric Company, Siemens Healthineers GmbH, Beckman Coulter, and others.
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The use of environmental DNA sequencing to explore fish variety in the Amazon has been demonstrated by a scientific trip in the Javari River basin on the boundary between Colombia, Brazil, and Peru. The eDNA approach involves extracting DNA molecules from water samples and genetic markers to determine which species they belong to.
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