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Global DNA Sequencing Market 2023 Business Growth, Competitive Landscape, Latest Trends And Forecast To 2032 | Major Players Are F. Hoffmann-La Roche Ltd, Abbott Laboratories Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA
DNA Sequencing Market
The Business Research Company's DNA Sequencing Global Market Report 2023 identifies increasing prevalence of cancer as the major driver for the DNA Sequencing Market's growth in the forecast period. Cancer refers to uncontrolled cell growth, which impacts various organs and contributes to significant morbidity and mortality worldwide. DNA sequencing plays a crucial role in identifying genetic mutations, understanding tumor biology, and guiding treatment decisions, leading to improved outcomes in cancer care.
The global DNA sequencing market is expected to grow from $10.24 billion in 2022 to $11.84 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The DNA sequencing market is expected to reach $20.9 billion in 2027 at a CAGR of 15.3%.
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Major competitors in the dna sequencing market are F. Hoffmann-La Roche Ltd, Abbott Laboratories Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, Siemens Healthineers AG, Eurofins Scientific SE, Agilent Technologies Inc., Illumina Inc., PerkinElmer Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., BGI Genomics, Myriad Genetics Inc., Natera Inc., 10x Genomics Inc., GenScript Biotech Corporation, Novogene Corporation, Twist Bioscience, Genewiz LLC, Oxford Nanopore Technologies Ltd., Pacific Biosciences of California Inc., Macrogen Inc., LI-COR Inc., MGI Tech Co. Ltd., Zymo Research Corporation, Igenomix, Codex DNA, GenapSys Inc., and SeqOnce Biosciences Inc.
A key trend in the DNA Sequencing Market includes Advancements in single-cell DNA. Major companies operating in the DNA sequencing market are adopting new technologies to sustain their position in the market. For instance, in May 2023, Mission Bio Inc., a US-based biotechnology company, launched Tapestri v3, an advanced version of high-throughput single-cell DNA and multi-omics analysis platform. Tapestri v3 features breakthrough improvements in chemistry, significantly enhancing the detection of rare cells for various applications. With improved cell capture capabilities, researchers can now uncover deficient numbers of single cells that were previously undetectable, enabling a deeper understanding of the disease. This enhanced technology holds promise for applications like measurable residual disease (MRD) assessment in cancer, where Tapestri v3 enables the detection of relapse-driving clones that were previously missed. Additionally, it offers benefits for cell and gene therapy developers by enabling quality assessment at the single-cell level.
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The DNA Sequencing Market is segmented -
By Product: Instruments, Consumables, Services
By Technology: Third Generation DNA Sequencing, Next-Generation Sequencing, Sanger Sequencing
By Application: Diagnostics, Biomarkers And Cancer, Reproductive Health, Personalized Medicine, Forensics, Other Applications
By End User: Hospitals And Healthcare Organizations, Academics And Research Institutions, Pharmaceutical And Biotechnology Companies, Other End User
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the DNA Sequencing Market.
The Business Research Company's "Global DNA Sequencing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The DNA Sequencing Market Include:
1. Executive Summary
2. DNA Sequencing Market Characteristics
3. DNA Sequencing Market Trends And Strategies
4. DNA Sequencing Market - Macro Economic Scenario
5. Global DNA Sequencing Market Drivers and Restraints
……
32. Global DNA Sequencing Market Competitive Benchmarking
33. Global DNA Sequencing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The DNA Sequencing Market
35. DNA Sequencing Market Future Outlook and Potential Analysis
36. Appendix
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