DNA Sequencing Market : Global Industry Analysis and Opportunity Assessment 2025

The global DNA sequencing market is expected to be around $26 billion by 2025. The market is primarily driven by factors such as increasing demand for fast clinical diagnosis, increasing emphasis on cancer related research activities and collaborations between research institutions and pharmaceutical companies. Moreover, technological advancements in DNA sequencing are also expected to largely contribute the market growth over the forecast period. For instance, in September 2015, Oxford Nanopore Technologies developed MinION a DNA sequencer, which can be used in space. With the help of MinION it is possible to detect DNA sequence in humans with response to spaceflight and will help in the identification of DNA-based life somewhere in the universe. Such innovations will fuel the demand for DNA sequencing in coming years thus favorably contributing to the market growth. However, restraining factors such as dearth of trained professionals and high cost of DNA sequencing devices can hamper the market growth during the forecast period.

Product Outlook and Trend Analysis

In 2016, the consumables segment held a major share of the DNA sequencing market owing to their large scale adoption for sample preparation process and other activities in the entire DNA sequencing process. Different consumables such as sample preparation kits, disposables, reagent kits, accessories and sequencing kits are widely used for performing DNA sequencing processes by researchers.

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Technology Outlook and Trend Analysis

The sequencing by synthesis segment held a significant share of the overall market in 2016. It is expected to dominate the global DNA sequencing market over the forecast period as the technology has large scale applications in sequencing protocols and is widely utilized in DNA sequencing platforms. This next generation sequencing technology delivers accurate data for a wide range of applications and reduces errors associated with strings of repeated homopolymers.

Market Classification

DNA Sequencing Market, By Product, Estimates and Forecast, 2016-2025 ($Million)

Service
Consumable
Instruments

DNA Sequencing Market, By Technology, Estimates and Forecast, 2016-2025 ($Million)

Nanopore Sequencing
Sequencing by Synthesis
Chain Termination Sequencing
Pyrosequencing
Ion Semiconductor Sequencing
Single Molecule Real Time Sequencing
Sequencing by Ligation

DNA Sequencing Market, By Application, Estimates and Forecast, 2016-2025 ($Million)

Forensics
Diagnostics
Personalized Medicine
Reproductive Health
Biomarkers and Cancer
Other Applications

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

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Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

About Crystal Market Research
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