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
The global DNA sequencing market is expected to exhibit a solid 17.64% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global DNA sequencing market is mainly driven by the growing demand for DNA sequencing in cancer treatment and other chronic diseases. The growing prevalence of cancer is likely to be a major driver for the global DNA sequencing market over the forecast period. Cancer has become a major challenge for healthcare agencies in the last few years due to the growing prevalence of the disease around the world. Developed economies such as the U.S. have become major markets for cancer treatment, which has driven the demand for effective therapeutic technologies against cancer. This is likely to remain a major driver for the global DNA sequencing market over the forecast period.
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The growing technological development in the field of DNA sequencing is also likely to be a major driver for the global DNA sequencing market over the forecast period. DNA sequencing is a relatively recent addition to the healthcare sector and has become vitally important, especially in certain fields such as cancer treatment. DNA sequencing is used to determine the order of the nucleotide bases adenine, guanine, cytosine, and thymine in a molecule of DNA. This allows for a detailed scrutiny of the disease in question and the development of effective treatments. The increasing demand in liquid biopsy applications is also likely to be a major driver for the global DNA sequencing market.
The growing requirement of DNA sequencing among plant and animal breeders is also likely to be a major driver for the global DNA sequencing market. Plant and animal breeding has become a major industry in recent years, with breeders utilizing increasingly advanced methods to better their trade. This is likely to be a major driver for the global DNA sequencing market over the forecast period.
Leading players in the global DNA sequencing market include Beckman Coulter, Bayer Corporation, Myriad Genetics, Siemens Healthineers GmbH, General Electric Company, Hamilton Thorne Biosciences, Thermo Scientific, Tecan, Eppendorf, Illumina, Life Technologies, Deep Genomics Inc., Johnson & Johnson, Pacific Biosciences, Koninklijke Philips NV, Oxford Nanopore Technologies, Genia Corporation, Agilent Technologies Inc., Roche Holdings AG, and Perkin Elmer.
The global DNA sequencing market has been segmented on basis of type, product, technology, application, and end-users.
On the basis of type, the DNA sequencing market is segmented into instruments and consumables services and workflow products.
Based on products, the DNA sequencing market is segmented into sequencing services and sequencing instruments and consumables. Sequencing instruments and consumables are further sub-segmented into two types, namely sequencing instruments and consumables by product type and by platform type. Sequencing instruments and consumables, by product type, are further sub-segmented into consumables and instruments, whereas sequencing instruments and consumables, by platform type, are further sub-segmented into NGS, sanger, bioinformatics, sample prep kits, and reagents.
On the basis of technology, the DNA sequencing market is further segmented into semiconductor sequencing, pyrosequencing, sequencing by synthesis, single-molecule real-time sequencing (SMRT), sequencing by ligation (SBL), and other technologies.
On the basis of application, the DNA sequencing market is further segmented into diagnostics, agriculture and animal research, biomarker discovery, personalized medicine, drug discovery, and other applications.
Based on end-user, the DNA sequencing market is segmented into research centers and government institutes and academia, biotechnology and pharmaceutical companies, clinics and hospitals, and other end-users. The biotech and pharma companies segment is likely to dominate the global DNA sequencing market over the forecast period.
The North America is likely to dominate the global DNA sequencing market over the forecast period due to the strong presence of leading market players in the region. The growing prevalence of cancer in North America is also a major driver for the global DNA sequencing market. Asia Pacific is expected to experience robust growth in the coming years.
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