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DNA Sequencing Market Opportunity Analysis and Industry Forecast 2025: Worldwide Players Abbott Laboratories, Agilent Technologies, Danaher, Siemens AG, PerkinElmer

04-08-2019 08:56 AM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
DNA Sequencing Market

DNA Sequencing Market

DNA sequencing is an umbrella term that includes both Sangers and Non-Sangers method of sequencing. In the DNA sequencing process, DNA is extracted, fragmented, and linked to adapters and primers for the amplification reaction (PCR) for library construction. Further, sequencing of the fragmented DNA is executed that furnishes a massive set of sequence data in a very small duration. This data is interpreted and analyzed by clinicians, researchers, scientists, and others through clinical, agricultural, forensic, and other applications. For instance, DNA sequencing has helped researchers identify desirable traits, which have led to resilient and productive livestock and crops. The increase in usage and application of DNA sequencing is expected to boost the market growth.

According to Allied Market Research the Global DNA sequencing market was valued at $6,243 million in 2017, and is projected to reach $25,470 million by 2025, growing at a CAGR of 19.0% from 2017 to 2025.

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The major factors that drive the global DNA sequencing market are rise in technological advancements in DNA sequencing, growth in collaborations & partnerships, and increase in genome mapping programs globally. In addition, rise in investment in R&D enhances the demand for DNA sequencing and thereby provides lucrative opportunities for the market growth. However, accuracy & standardization concerns and ethical & legal limitations associated with DNA sequencing restrain the market growth.

The consumables product segment occupies the highest share in the DNA sequencing product market, owing to their sheer usage and need throughout the sample preparation, library construction, and other pre-requisite steps of DNA sequencing. The sequencing by synthesis technology segment is anticipated to dominate the global DNA sequencing market as most of the widely-used DNA sequencing platforms utilize this technology in sequencing protocols. This segment accounted for nearly two-fifths of the total share in 2017

Based on application, the biomarkers and cancer segment dominates the market and the personalized medicine segment is expected to grow at a CAGR of 26.7%. DNA sequencing possesses the potential to recognize a broad spectrum of genetic differences and supplement the generation of potent biomarkers in medicine and disease diagnostics. In addition, sequencing time, protocol length, and declining cost of DNA sequencing make it an ideal technology for biomarker discovery

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Key Market Players:
• 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.
• Thermo Fisher Scientific Inc.

Key Findings of the DNA Sequencing Market:
• Based on product, the instrument segment is anticipated to grow at the highest CAGR from 2017 to 2025.
• Based on application, the personalized medicine application segment is expected to witness the highest growth rate during the forecast period.
• Based on end user, the research institutes segment generated the highest revenue in 2017 and is expected to continue its dominance in the future as well.
• Based on region, North America dominated the global DNA sequencing market, and is projected to grow at a CAGR of 15.9%.
• Based on technology, the pyrosequencing technology segment is expected to witness the highest growth rate during the forecast period.

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About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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