Strong Growth Ahead: DNA Sequencing Market Size To Grow At Arecord 16.5% Cagr By 2029

The DNA Sequencing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the DNA Sequencing Market Size Expected to Be by 2034?
There has been rapid expansion in the DNA sequencing market size recently. The market, which is projected to expand from $13.77 billion in 2024 to $15.84 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 15.1%. This growth during the historical period is credited to factors such as the human genome project, decreased costs, the broadening of biomedical research, the adoption of clinical diagnostics, and the requirements of pharmaceutical R&D.

Expectations are high for the DNA sequencing market size to expand swiftly in the upcoming years. The prediction is that it will surge to $29.16 billion by 2029, with a compound annual growth rate (CAGR) of 16.5%. The expansion during the forecasted period is attributed to advancements in next-generation sequencing (NGS), development of point-of-care sequencing, population genomics initiatives, incorporation of artificial intelligence and machine learning, and the adoption of precision medicine. Some key trends for the forecast period include progression in single-cell sequencing, a focus on epigenetics and transcriptomics, evolution of liquid biopsy, ethical and privacy concerns, and the integration of nanotechnology.

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What Are the Emerging Segments Within the DNA Sequencing Market?
The DNA sequencing market covered in this report is segmented -

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

Subsegments:
1) By Instruments: Next-Generation Sequencing (NGS) Systems, Sanger Sequencing Systems, Single-Molecule Sequencing Instruments
2) By Consumables: Reagents, Kits, Chips And Flow Cells
3) By Services: Sequencing Services, Data Analysis Services, Bioinformatics Services

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What Long-Term Drivers Are Shaping DNA Sequencing Market Trends?
The rise in cancer incidence is predicted to fuel the expansion of the DNA sequencing market. Cancer is characterized by unregulated cell multiplication affecting various organs, causing substantial sickness and death globally. DNA sequencing is vital in discovering genetic alterations, deciphering tumor biology, and steering treatment choices, resulting in enhanced cancer management outcomes. For example, in January 2024, the American Cancer Society revealed that cancer cases had risen to 2,001,140 from 1,958,310 in 2023, marking a 2.19% surge. Hence, the escalating prevalence of cancer is propelling the DNA sequencing market's expansion.

Who Are the Top Competitors in Key DNA Sequencing Market Segments?
Major companies operating in the DNA sequencing market include 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 DNA Sequencing Market Trends Are Gaining Traction Across Different Segments?
The DNA sequencing market is witnessing a rise in popularity of cutting-edge single-cell DNA sequencing technologies. Leading companies in the market are turning to these new technologies to maintain their market dominance. As an example, biotech firm Mission Bio Inc. based in the US, unveiled its advanced version of single-cell DNA and multi-omics platform, Tapestri v3, in May 2023. This new platform boasts revolutionary improvements in chemistry, dramatically escalating the detection of rare cells suitable for a wide array of applications. In addition, the platform's enhanced cell capture capabilities do not go unnoticed, as scientists can now discover insufficient numbers of single cells that were previously overlooked, furthering the detailed comprehension of diseases. The updated platform holds potential for practices like measurable residual disease (MRD) evaluation in cancer, wherein Tapestri v3 facilitates the identification of previously unidentified relapse-causing clones. Moreover, the platform provides advantages to cell and gene therapy creators by assessing quality at the level of single cells.

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Which Regions Are Becoming Hubs for DNA Sequencing Market Innovation?
North America was the largest region in the DNA sequencing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the DNA sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the DNA Sequencing Market?
2. What is the CAGR expected in the DNA Sequencing Market?
3. What Are the Key Innovations Transforming the DNA Sequencing Industry?
4. Which Region Is Leading the DNA Sequencing Market?

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