DNA sequencing Market Explosive Growth with Profiling Abbott Laboratories, Agilent Technologies Inc., Danaher Corporation, Illumina, Inc.

The North American DNA sequencing market is anticipated to reach $9,154 million by 2025 and is expected to grow with a striking growth rate of 15.9% over the forecast period 2019--2025, reveals a recent research report published by Research Dive.

According to the report, growing trends in the personalized genomics for treating numerous diseases, genetic disorders, and developments in the DNA sequencing procedures, surge in the incidence of pre-natal & neo-natal disorders, and cancers across the North American region are factors boosting the growth of the DNA sequencing market.

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DNA sequencing is a molecular technique that helps to determine the nucleotide sequence of deoxyribonucleic acid (DNA), which is the fundamental unit of a gene or genome. DNA sequencing has led to a paradigm shift in molecular biology and genomics sectors. The knowledge of DNA sequences of genes and other parts of the genome of organisms has gained prominence in life science research as well as in applied fields, such as forensics, cancer diagnostics, and others. DNA sequencing is used for sequencing DNA strands and whole genomes as well as to study various DNA-protein interactions. Moreover, this technique enables researchers to focus, study, and interpret deep sequence target regions.

Furthermore, it is utilized in various interventions such as oncology, biomarker studies, drug discovery, reproductive health, and personalized genomics. The growth of the global DNA sequencing market is driven by technological advancements in sequencing equipment, surge in applications of DNA sequencing, and increase in genome mapping programs. In addition, rise in awareness pertaining to DNA sequencing and increase in investment in research, development, and innovation have supplemented the market growth. However, dearth of skilled professionals, ethical & legal limitations related to DNA sequencing, and standardization concerns in sequencing procedures impede the market growth.

Based on Technology, the market is classified into:
o Synthesis
o Ion Semiconductor Sequencing
o Sequencing by Ligation
o Pyrosequencing
o Single Molecule Real-time Sequencing
o Chain Termination Sequencing
o Nanopore Sequencing Technologies

Based on end-user, the market is divided into:
o Academic & Government Research Institutes
o Pharmaceutical Companies
o Biotechnology Companies
o Personalized Medicine
o Hospitals & Clinics

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The report also presents key market players
o Abbott Laboratories
o Agilent Technologies Inc.
o Danaher Corporation
o Illumina, Inc.
o LI-COR Biosciences, Inc.
o Pacific Biosciences of California, Inc.
o Thermo Fisher Scientific Inc.
o ZS Genetics, Inc.
o Bio-Rad Laboratories, Inc.
o Myriad Genetics, Inc.

The other key Market Players
o Oxford Nanopore Technologies, Ltd.
o Genia Technologies, Inc.
o Hamilton Thorne, Inc.

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This release was published on openPR.