The global DNA sequencing market is anticipated to grow at a considerable CAGR of 11.8% during the forecast period (2022-2028). DNA sequencing is a technical process performed in laboratories to determine the exact sequence of bases including A, C, G, and T present in the DNA molecule. It is used by scientists to investigate the functions of genes. The major factor attributing to the growth of the global DNA sequencing market includes the application of DNA sequencing in the diagnostics centers due to the growing diagnostics industry across the globe.
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The use of DNA sequencing technology is also increasing in the research & development activities of the research institutes and the pharmaceutical & biotechnology companies. According to the Global Innovation Index 2020 report published by the World Intellectual Property Organization (WIPO), the 4 major sectors holding the largest share in research & development activities include ICT hardware & equipment, pharmaceutical & biotechnology, automobiles, and software. Among these, the research & development spending in the pharmaceutical & biotechnology sector is estimated to hold 18.8% of total research & development spending. Furthermore, several benefits of DNA sequencing is further increasing the use of this process for personalized medicines in hospitals, healthcare organization, and research institute. These benefits include the precise diagnosis of medical conditions to provide medical treatment or management of symptoms and providing information on the efficacy or adverse effect of the particular drugs.
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The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, scientists of Quadrum Institue presented the data that demonstrates the advantages of Fire Monkey’s high molecular weight (HMW) DNA extraction with DNA sequencing of Oxford Nanopore. The advantage includes the cost-effective complete hybrid assembly of pathogen genomes.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Merck & Co. Inc., Thermo Fisher Scientific Inc., Agilent Technologies Inc., Illumina Inc., and F. Hoffmann-La Roche Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global DNA Sequencing Market Report by Segment
By Type
- Sanger Sequencing
- Next-Generation Sequencing
- Other Sequencing Types
By Application
- Diagnostics
- Drug Research & Developments
- Personalized Medicine
- Others
By End-User
- Hospitals & Healthcare Organization
- Research Institutes
- Pharmaceuticals & Biotechnology Companies
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