DNA Sequencing Market Analysis
The global DNA sequencing market is prognosticated to have an astronomic growth at a promising 17.64% CAGR during the forecast period. DNA sequencing simply put is a laboratory method used for determining a DNA molecule’s sequence. It is widely used for executing different applications namely forensics, personalized medicine, oncology studies, biomarker discovery and others.
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Today, DNA sequencing is also used in pharmacogenomics which is a comparatively new field that is heading towards more personalized medication. Pharmacogenomics checks how the individual genome variations in a person affects their response towards a drug. In fact, beyond medicine, it is currently also used in genetic testing including paternity as well as other family relationships. DNA sequencing also helps in identifying victims and crime suspects involved in catastrophes. Besides this technique is crucial to detect bacteria or other organisms which may pollute soil, water, food and air. In addition, the technique is vital for studying the evolution of various population groups along with their migratory pattern and also to determine pedigree for livestock or seed.
There are many factors that is driving the growth of the DNA sequencing market. Some of these factors as per the Market Research Future (MRFR) report include increasing advancements in technology in DNA sequencing, rise in global genome mapping programs, growth in partnerships and collaborations, higher investment in research and development activities, growing demand for fast and easy clinical diagnosis, high throughput technology, increasing activities in cancer research and growing need of breeders both for plant production and animals. On the contrary, factors such as standardization and accuracy concerns, legal and ethical limitations, algorithmic challenges, expensive machinery and repeat content may hinder the growth of the DNA sequencing market.
Market Research Future report offers an all-inclusive segmental analysis of the DNA sequencing market on the basis of product, type, application, technology and end-users.
Based on product, it is segmented into consumables, sequencing instruments and sequencing services. Consumables and sequencing instruments are again segmented into consumables and sequencing instruments by platform type and product type. Consumables and sequencing instruments by product type are again segmented into instruments and consumables and consumables and sequencing instruments by platform type is again segmented into reagents, sample prep kits, bioinformatics, sanger and NGS. Of these, consumables products will lead the market.
Based on type, the DNA sequencing market is segmented into consumables services and instruments. Of these, instruments will have the largest share in the market.
Based on technology, it is segmented into sequencing by ligation (SBL), single molecule real time sequencing (SMRT), sequencing by synthesis, pyrosequencing, semiconductor sequencing and others. Of these, pyrosequencing will lead the market.
Based on application, the DNA sequencing market is segmented into drug discovery, personalized medicine, biomarker discovery, agriculture & animal research, diagnostics and others. Of these, biomarkers will dominate the market during the forecast period.
Based on end-user, it is segmented into clinics and hospitals, biotechnology & pharmaceutical companies, government institutes & academia, research centres and others. Of these, research centers will have largest share in the market.
Based on region, the DNA sequencing market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Middle East and Africa. Of these, North America will garner maximum share in the market due to advancements in technology, rising cases of genetic disorders and increasing investments in R&D activities by government organizations. Europe will grab the second place owing to increasing incidences of genetic disorders, support from healthcare sector and government funding. The DNA sequencing market in the APAC region is anticipated to dominate with regards to growth rate due to increasing investment being made in the research and development activities, increasing incidences of cancer as well as other disorders, unhealthy lifestyle, rising cases of cancer and increasing geriatric population. On the other hand, the DNA sequencing market in the Middle East and Africa will have the smallest share owing to poor medical facilities and dearth of medical technology. The emerging economies namely China and India are leading towards growth in the burgeoning need for DNA sequencing due to good healthcare insurance coverage, investments made in healthcare by the government and plenty of healthcare awareness programs.
Leading players profiled in the 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 N.V., Oxford Nanopore technologies, Genia Corporation, Agilent Technologies Inc., Siemens AG, Illumina, Roche Holdings AG, Perkin Elmer, and others.
March 2019 – Oxford Nanopore has launched Flongle, for smaller, rapid on-demand RNA or DNA sequencing tests. It will help in transforming various applications that needs rapid insights at an affordable cost. The goal is to analyze any living thing, anywhere, by anyone. It will open up potentials of on-demand testing in innumerable locations including classrooms, outdoor environments, healthcare settings, factories, farms and scientific laboratories.
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