Press release
DNA Sequencing Market: DNA Sequencing Industry is Expected to Penetrate the Clinical Field in the Coming Years as DNA Sequencing Technologies
The global DNA sequencing market is forecast to grow to $6.6 billion over the year 2016 at the compounded annual growth rate of 17.5% as a result of emerging technologies in this field and its use in a number of applications.DNA sequencing industry is segmented into instruments and consumables, services, and workflow products. Instruments and consumables segment are the rapidly emerging segments accounting for about $2.2 billion by the year 2016. Services segment is expected to grow significantly and reach market value of $3.5 billion with CAGR of 29% over the year 2016. The workflow segment will reach $883.6 million at CAGR of 16.6% by 2016.
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The chain terminator DNA sequencing market and next generation DNA sequencing market are constantly undergoing technological changes, thus creating new opportunities and attracting new market players to this industry.
The DNA sequencing industry is expected to penetrate the clinical field in the near future as DNA sequencing technologies can be used in a number of clinical applications.
The current breakthroughs in bioinformatics, imaging, nanotechnology and microfluidics are revolutionizing many life science fields and providing a novel platform for next generation DNA sequencing.
Market Segmentation
-Instruments and Consumables
-Services
-Workflow Products
Segmentation Based on Technology
-Chain Terminator DNA Sequencing
-Next Generation DNA Sequencing
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Major Players
Some of the major players dominating this market are 454 Life Sciences, Beckman Coulter (Fullerton, CA), GE Healthcare Life Sciences, LI-COR Biosciences (Lincoln, NE), Abbott Laboratories, Agilent Technologies, Bayer Corporation, Commonwealth Biotechnologies, Hamilton Thorne Biosciences, Integrated DNA Technologies, Johnson & Johnson, Microchip Biotechnologies, Myriad Genetics, Pacific Biosciences, Siemens AG, ZS Genetics, and others.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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