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DNA Next Generation Sequencing Market Analysis to 2025 - Perkinelmer, Agilent Technologies, Eurofins Scientific, Illumina, Thermo Fisher Scientific, Qiagen, Oxford Nanopore Technologies, and Macrogen

10-01-2019 06:19 AM CET | Health & Medicine

Press release from: The Insight Partners

DNA Next Generation Sequencing Market to 2025

DNA Next Generation Sequencing Market to 2025

The global DNA next generation sequencing market is expected to reach US$ 22,716.9 Mn in 2025 from US$ 4,898.5 Mn in 2017. The market is estimated to grow with a CAGR of 21.7% from 2018-2025.

The market for DNA next generation sequencing is expected to grow significantly due to factors such as, declining price of sequencing, technological advancements in sequencing and increasing prevalence of cancer. In addition, usage of NSG in biomarker discovery & precision medicine is anticipated to have a positive impact on the growth of the DNA next generation sequencing market in the coming years.

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The prominent players operating in DNA next generation sequencing market are, Illumina, Inc., Thermo Fisher Scientific, Inc., Qiagen N.V., Beijing Genomics Institute, Perkinelmer, Inc., F. Hoffmann-La Roche AG, Agilent Technologies, Eurofins Scientific, Oxford Nanopore Technologies, and Macrogen, Inc. among others.

The market players are focused towards introducing new and innovative products in the market to sustain their position in the market. For instance, in November, 2018, QIAGEN launched new bioinformatics analysis tool. The new tool incorporates the best of two previous QIAGEN products — CLC Biomedical Genomics Workbench and CLC Genomics Workbench. These product innovations and launches are expected to propel the growth of the DNA next generation sequencing market during the forecast period.

Consumables are driving the market for DNA next generation sequencing over the forecast period, in the product segment

Global DNA next generation sequencing market, based on the product was segmented as, platforms, services and consumables. In 2017, the consumables segment held the largest share of the market, by product. The segment is also expected to witness growth at a significant rate during the forecast period, as they are being used at numerous stages of DNA sequencing, which include sample generation, storing the samples and its purification, preparation of the library and quantification, and PCR amplification.

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The objective of the study is to describe, define, and forecast the DNA next generation sequencing market by product, application, end user, and region. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall DNA next generation sequencing market.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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