DNA Sequencing Industry (Market) Growth Analysis By Top Key Players | Abbott Laboratories, Agilent Technologies, Inc., Danaher Corporation (Beckman Coulter, Inc.), F. Hoffmann-La Roche Ltd, Illumina and Many More

The determination of the precise sequence of nucleotide bases‐ adenine, guanine, cytosine and thymine, which constitute the DNA can be executed through DNA sequencing. Over the last few decades, DNA sequencing technology has developed rapidly. The time and costs associated with DNA sequencing have also reduced drastically, thereby making DNA sequencing very accessible to research laboratories even in developing countries.

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The global DNA sequencing market was valued at $6,243 million in 2017, and is expected to reach $25,470 million in 2025, registering a CAGR of 19.0% from 2018 to 2025. DNA sequencing encompasses both Sanger’s method of sequencing and non-Sanger’s methods of sequencing. Different advantages associated with DNA sequencing include low cost, high accuracy & speed, and precise results even from low sample input over microarray and other genomic analysis methods.

DNA sequencing is used to carry out different applications such as biomarker discovery, oncology studies, personalized medicine, forensics, and others. It has streamlined nucleotide analysis and has widely replaced conventional tools of genomics, especially microarray, genotyping, and others. The demand for DNA sequencing has increased significantly, owing to surge in sequencing applications and rise in technological advancements in DNA sequencing. In addition, surge in number of genome mapping programs globally and increase in R&D investment drive the market growth.

The growth of the global DNA sequencing market is majorly driven by increase in the usage and applications of DNA sequencing, especially in oncology research, diagnostics, reproductive health, and others. Furthermore, the market for DNA sequencing products and technologies has witnessed tremendous growth in the recent years, due to upsurge in demand for this technique in genomics, transcriptomics, and other life science-related research areas.

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The key drivers of the global DNA sequencing market include technological advancements, pertaining to nanopore sequencing and rise in number of collaborations & partnerships to promote the use of DNA sequencing in hospitals & research centers. In addition, heavy inflow of investment in R&D activities has fueled the adoption of the DNA sequencing technique, thereby providing lucrative opportunities for the market players. However, concerns related to accuracy & standardization and ethical & legal limitations associated with DNA sequencing hamper the market growth. The untapped emerging markets are anticipated to provide lucrative growth opportunities to market players in the near future.

The DNA sequencing market is segmented based on product, application, technology, end user, and region. Based on product, the market is classified into consumable, instrument, and service. The applications covered in the study include biomarkers & cancer, diagnostics, reproductive health, personalized medicine, forensics, and others. By technology, the market is divided into, sequencing by synthesis, ion semiconductor sequencing, sequencing by ligation, pyrosequencing, single molecule real-time sequencing, chain termination sequencing, and nanopore sequencing. On the basis of end user, this market is segmented into academic & government research institutes, pharmaceutical companies, biotechnology companies and hospitals & clinics. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global DNA sequencing market include Abbott Laboratories, Agilent Technologies, Inc., Danaher Corporation (Beckman Coulter, Inc.), F. Hoffmann-La Roche Ltd, Illumina, Inc., LI-COR Biosciences, Inc., Pacific Biosciences of California, Inc., SIEMENS AG, PerkinElmer Inc., and Thermo Fisher Scientific, Inc. The other prominent players in the value chain (but not included in the report) include Eurofins Scientific, Gatc Biotech AG, Macrogen, Inc., Oxford Nanopore Technologies, Ltd., Bio-Rad Laboratories, Inc., DNASTAR, Inc., Biomatters Ltd., New England Biolabs, Inc., and Myriad Genetics, Inc.

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