Press release
Global DNA Sequencing Market: Rapid Growth, Key Players and Trends Forecast for 2024-2029
DNA Sequencing Market
What Is The Projected Market Size Of The Global DNA Sequencing Market And Its Growth Rate?
The DNA Sequencing market is experiencing a rapid growth and impressive CAGR.
• 2024 Market Size: $13.77 billion
• 2025 Market Size: $15.84 billion (15.1% CAGR)
• 2029 Market Size: $29.16 billion (16.5% CAGR)
Factors such as human genome project, biomedical research expansion, clinical diagnostics adoption, and pharmaceutical R&D needs are attributing to the market growth during the historic period. For the forecast period, advancement in next-generation sequencing, population genomics initiatives, AI and machine learning integration, and precision medicine adoption are driving the growth.
What Is Driving The Growth In The DNA Sequencing Market?
The increasing prevalence of cancer plays a significant role in propelling the growth of the DNA sequencing market. DNA sequencing is instrumental in identifying genetic mutations, understanding tumor biology, and guiding treatment decisions, which leads to improved outcomes in cancer care. An example of this effect is the increase in the number of cancer cases recorded by the American Cancer Society in January 2024, which compared to the previous year showed a growth of 2.19%. Therefore, the increasing prevalence of cancer is critically driving the DNA Sequencing market growth.
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Who Are the Key Players Driving DNA Sequencing Market Growth?
• 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.
• SeqOnce Biosciences Inc.
What Are The Key Trends In The DNA Sequencing Market?
Key trends in the DNA Sequencing market include:
• Advancements in single-cell sequencing
• Focus on epigenetics and transcriptomics
• Development of liquid biopsy
• Consideration for ethics and privacy
• Integration of nanotechnology
What Are The Segments Of The Global DNA Sequencing Market?
1) By Product: Instruments, Consumables, Services
2) By Technology: Third Generation DNA Sequencing, Next-Generation Sequencing, Sanger Sequencing
3) By Application: Diagnostics, Biomarkers And Cancer, Reproductive Health, Personalized Medicine, Forensics, Other Applications
4) By End User: Hospitals And Healthcare Organizations, Academics And Research Institutions, Pharmaceutical And Biotechnology Companies, Other End Users
Which Region Leads The DNA Sequencing Market?
North America was found to be the largest region in the DNA sequencing market in 2024 with Asia-Pacific expected to be the fastest-growing region in the forecast period. The DNA sequencing market report also covers regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The DNA Sequencing Market Global Market Report?
- Market Size Analysis: Analyze the DNA Sequencing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the DNA Sequencing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall DNA Sequencing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the DNA Sequencing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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