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DNA Sequencing Market worth $210.34 billion by 2030, growing at a CAGR of 19.45% - Exclusive Report by 360iResearch
DNA Sequencing Market | 360iResearch
The Global DNA Sequencing Market to grow from USD 50.72 billion in 2022 to USD 210.34 billion by 2030, at a CAGR of 19.45%.
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DNA sequencing is the laboratory technique determining the sequence of nucleotides or bases in a single DNA molecule. DNA base sequence contains the encoded biological information that cells use to develop and function. DNA sequencing is used for various purposes, including diagnosis & disease treatment, medical research, and forensic analysis. Healthcare professionals can use sequencing to identify gene alterations or mutations of a specific disease condition. Rising cases of genetic disorders & cancer and growing demand for personalized medicine primarily boosting the research & development for DNA sequencing. Furthermore, technical limitations associated with DNA sequencing and the high cost of the sequencing platform limit the DNA sequencing market growth. In addition, complex data analysis & lack of standardized protocols lead to variability in the results of DNA sequencing. Moreover, the increasing adoption of DNA sequencing in clinical and research applications and the adoption of novel sequencing technologies, including next-generation sequencing, are expected to create lucrative opportunities for market growth. The rising investments in genomics research contribute to market growth.
The Americas has a significant landscape in the DNA sequencing market owing to continuous technological developments by key players, high research and development investment, and availability of technologically advanced healthcare infrastructure, resulting in lucrative market growth in the forecasted period. Government initiatives in the U.S. and Canada supporting research in drug development and treatment of cancer have created significant market growth in North America. In Europe, the growing usage of DNA sequencing in laboratories, rising R&D, and increasing advancements in DNA sequencing technologies have created significant regional development. Asia-Pacific has a growing market in DNA sequencing due to strategic initiatives undertaken by international firms to expand their presence owing to the high customer base, which is expected to create market growth in the region.
Market Segmentation & Coverage:
This research report categorizes the DNA Sequencing Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product & Services, market is studied across Consumables, Instruments, and Services. The Consumables commanded largest market share of 38.65% in 2022, followed by Services.
Based on Technology, market is studied across Next-Generation Sequencing, Sanger Sequencing, and Third Generation DNA Sequencing. The Next-Generation Sequencing is further studied across Targeted Sequencing & Resequencing, Whole Exome Sequencing, and Whole Genome Sequencing. The Third Generation DNA Sequencing is further studied across Nanopore Sequencing and Single-Molecule Real-Time Sequencing. The Next-Generation Sequencing commanded largest market share of 47.03% in 2022, followed by Third Generation DNA Sequencing.
Based on Workflow, market is studied across Data Analysis, Pre-Sequencing, and Sequencing. The Sequencing commanded largest market share of 46.20% in 2022, followed by Data Analysis.
Based on Application, market is studied across Agrigenomics & Forensics, Clinical Investigation, Consumer Genomics, HLA Typing or Immune System Monitoring, Metagenomics, Epidemiology & Drug Development, Oncology, and Reproductive Health. The Metagenomics, Epidemiology & Drug Development commanded largest market share of 24.26% in 2022, followed by Clinical Investigation.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.26% in 2022, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the DNA Sequencing Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the DNA Sequencing Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the DNA Sequencing Market, highlighting leading vendors and their innovative profiles. These include 10x Genomics, Inc., Abbott Laboratories, AbbVie Inc., Agilent Technologies, Inc., Azenta, Inc., Becton, Dickinson and Company, BGI Genomics Co., Ltd., Bio-Rad Laboratories, Inc., BioChain Institute Inc., Charles River Laboratories International, Inc., Danaher Corporation, Dante Labs Inc., Eppendorf SE, Eurofins Scientific SE, F. Hoffmann-La Roche Ltd., Genomics England, Genscript Biotech Corporation, Illumina, Inc., Johnson & Johnson Services, Inc., Konica Minolta, Inc., Laboratory Corporation of America Holdings, Macrogen Inc., Merck KGaA, Novartis AG, Novogene Co, Ltd., Oxford Nanopore Technologies PLC, Pacific Biosciences of California, Inc., PerkinElmer, Inc., QIAGEN N.V., Sartorius AG, Shimadzu Corporation, SOPHiA GENETICS SA, Thermo Fisher Scientific Inc., Twist Bioscience Corporation, and Veritas Genetics Inc. by LetsGetChecked.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. DNA Sequencing Market, by Product & Services
7. DNA Sequencing Market, by Technology
8. DNA Sequencing Market, by Workflow
9. DNA Sequencing Market, by Application
10. Americas DNA Sequencing Market
11. Asia-Pacific DNA Sequencing Market
12. Europe, Middle East & Africa DNA Sequencing Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the DNA Sequencing Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the DNA Sequencing Market?
3. What is the competitive strategic window for opportunities in the DNA Sequencing Market?
4. What are the technology trends and regulatory frameworks in the DNA Sequencing Market?
5. What is the market share of the leading vendors in the DNA Sequencing Market?
6. What modes and strategic moves are considered suitable for entering the DNA Sequencing Market?
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