DNA Sequencing Market Growth, Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2027

Government initiatives for large scale DNA sequencing-based projects, collaborations for technical advancements, and declining costs are key factors driving the market demand.

The global DNA Sequencing Market is forecasted to reach USD 11.28 Billion by 2027, according to a new report by Reports and Data. The market for DNA sequencing is experiencing high demand owing to its applications in biomarker discovery, personalized medicine, oncology studies, forensics, and others. Its demand has increased due to a surge in sequencing applications and advancement in technology in DNA sequencing. Growth in R&D investment is also encouraging the growth of the market.

Other factors propelling the demand for the market are growing partnerships and collaboration among market players and a rise in genome mapping programs all across the globe. Increased investment in research and development activities provides a lucrative opportunity for the industry. However, standardization concerns and legal & ethical limitations accredited with DNA sequencing hamper the demand for the market.

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The global DNA Sequencing market is expected to register significant growth throughout the forecast period. The pharmaceutical & healthcare sector has register significant revenue growth over the recent past. Technological advancements in the healthcare and medical sector, availability of latest tools and techniques, increasing investments in the healthcare sector and improving healthcare infrastructure are key factors boosting market growth. In addition, rising funds by several public and private sectors, high adoption of POC diagnosis and home care settings, is further fueling market growth.

The current pandemic has been very challenging for all industries including the healthcare and pharma sector. Shortage of medicines, vaccines and others healthcare facilities is expected to open lucrative growth opportunities for market players in going ahead.

Further key findings from the report suggest

• The consumables segment held the largest share due to the wide availability of kits and reagents to cater to DNA fragmentation, amplification, fragmentation enrichment, and quality control, which contributes to the growth of the product and services segment.

• Next-Generation Sequencing (NGS) is anticipated to witness diversification into a substantial number of clinical areas due to the reduction in cost. At present, next-generation sequencing is acknowledged to be the leading technology responsible for the burgeoning field of oncology, Mendelian diseases, and complex disease testing.

• Pharmaceutical companies are making use of the available genomic information in personalized medicine, which is forecasted to significantly impact the growth of the market. The reduction in the cost of sequencing has made it more attractive to pharmaceutical and biotechnology companies.

• North America remains the key revenue-generating geographical segment in the DNA sequencing market. The availability of research funds from the public as well as private sources, availability of state-of-art technologies, and presence of key market players in the region are among the key factors driving the market growth in this region.

• Key participants include Thermo Fisher Scientific, Inc., Agilent Technologies, QIAGEN, Illumina, Inc., F. Hoffmann-La Roche Ltd., Macrogen, Inc., Oxford Nanopore Technologies, Pacific Biosciences Of California, Inc., Perkin Elmer, Inc., and Bio-Rad Laboratories, Inc., among others.

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For the purpose of this report, Reports and Data has segmented into the Global DNA Sequencing Market on the basis of product and services, technology, application, end-user, and region:

Product and Services Outlook (Revenue, USD Billion; 2017-2027)

• Consumables
• Instruments
• Services

Technology Outlook (Revenue, USD Billion; 2017-2027)

• Next-Generation Sequencing
o Whole Genome Sequencing
o Whole Exome Sequencing
o Targeted Sequencing & Resequencing
• Sanger Sequencing
• Third-Generation Sequencing
o Single-molecule real-time sequencing (SMRT)
o Nanopore sequencing

Application Outlook (Revenue, USD Billion; 2017-2027)

• Reproductive Health
• Oncology
• Agrigenomics & Forensics
• Clinical Investigation
• Metagenomics, Epidemiology & Drug Development
• HLA Typing/Immune System Monitoring
• Consumer Genomics
• Others

End-User Outlook (Revenue, USD Billion; 2017-2027)

• Pharmaceutical & Biotechnology Companies
• Hospitals and Clinics
• Clinical Research
• Academic Research

Regional Outlook (Revenue, USD Billion; 2017-2027)

• North America
o U.S
o Canada
• Europe
o Germany
o U.K
o France
o BENELUX
o Rest of Europe
• Asia Pacific
o China
o Japan
o South Korea
o Rest of APAC
• MEA
o Saudi Arabia
o UAE
o Rest of MEA
• Latin America
o Brazil
o Rest of LATAM

Key findings in the report:

• Information about key trends, technological developments, growing focus on drug discovery and investments in research and development activities
• Detailed insights about manufactures, product portfolios, pricing analysis and financial pricing
• Technological developments and detailed analysis in the volatile competitive landscape.
• New strategies adopted by new and emerging market players
• Estimation about manufactures, sales and import and export dynamics

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