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Emerging Trends to Reshape the Global DNA Sequencing Market: Industry Players Embraces Advancements In Single-Cell DNA Sequencing Technologies To Redefine The DNA Sequencing Dynamics as a Key Influencer
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.DNA Sequencing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the deoxyribonucleic acid sequencing industry has seen a swift upward trajectory lately, projected to expand from a value of $13.77 billion in 2024 to $15.8 billion the following year, reflecting a compound annual growth rate (CAGR) of 14.7%. This historical expansion phase was fueled by several key factors, including the accomplishment of the human genome project, decreases in associated costs, the broadening scope of biomedical investigations, increased uptake in clinical diagnostic applications, and the growing demands within pharmaceutical research and development efforts.
DNA Sequencing Market Size Forecast: What's the Projected Valuation by 2029?
Anticipating substantial expansion over the coming years, the DNA sequencing market is projected to reach a valuation of $29.09 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 16.5%; this projected upward trajectory is fueled by several key factors, including progress in next-generation sequencing (NGS) technologies, the rise of point-of-care sequencing solutions, expanding population genomics programs, the incorporation of artificial intelligence and machine learning, and the increasing acceptance of precision medicine, while prevailing market dynamics during this period are characterized by innovations in single-cell sequencing, heightened emphasis on epigenetics and transcriptomics, ongoing refinement of liquid biopsy techniques, concerns surrounding ethics and data privacy, and the integration of nanotechnology.
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What Are the Drivers Transforming the DNA Sequencing Market?
Anticipated expansion in the domain of DNA sequencing is being fueled by the escalating incidence of cancer globally. Given that cancer involves the uncontrolled proliferation of cells, negatively affecting numerous organs and contributing substantially to worldwide illness and death, DNA sequencing technologies become vital instruments. These technologies assist in pinpointing specific genetic alterations, clarifying the underlying biology of tumors, and informing therapeutic strategies, thereby enhancing patient prognoses in oncology. Illustratively, data released in January 2024 by the American Cancer Society, a non-profit entity dedicated to cancer advocacy in the US, indicated a rise in reported cancer cases to 2,001,140 from 1,958,310 registered in 2023, signifying a growth rate of 2.19%; consequently, this rising cancer burden is a key factor pushing the DNA sequencing market forward.
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What Long-Term Trends Will Define the Future of the DNA Sequencing Market?
A significant popularizing trend within the DNA sequencing market centers on progress in single-cell DNA sequencing methodologies. Leading corporations within this sector are integrating novel technologies as a necessary strategy to maintain their market standings. A specific illustration of this is Mission Bio Inc., an American biotechnology firm, which introduced Tapestri v3 in May 2023; this represents an upgraded platform designed for high-volume single-cell DNA and multi-omics evaluation. Tapestri v3 incorporates transformative chemical advancements, leading to substantially better identification of infrequently occurring cells across diverse uses. Due to superior cell capture performance, investigators are now able to isolate minute quantities of individual cells that were previously invisible, facilitating a more profound comprehension of disease states. This superior technology shows considerable potential across areas like cancer's measurable residual disease (MRD) evaluation, where Tapestri v3 permits the spotting of clones responsible for driving recurrence which had previously gone unnoticed, and furthermore, it benefits those developing cell and gene therapies by allowing quality scrutiny at the resolution of a single cell.
Which Segments in the DNA Sequencing Market Offer the Most Profit Potential?
The dna sequencingmarket 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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Which Firms Dominate the DNA Sequencing Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the DNA Sequencing Market?
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
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