The Global DNA Sequencing Market was $5.1 Bn in 2020, and it is expected to reach $17.8 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 13.3% between 2020-2030, as per the latest market research report titled, DNA Sequencing Market – Industry analysis, size, share, growth, trends, and forecast, 2020-2030.
DNA sequencing is a type of laboratory method used to determine the sequence of a DNA molecule. Basically, the arrangement of four nucleotide bases, i.e., Adenine, Cytosine, Guanine, and Thymine, can be defined by using different sequencing techniques available in the market. Nowadays, the usage of DNA sequencing techniques has increased with several applications that are available in the field of medicines, biological research, agriculture, forensics, and others. Increasing demand for personalized genomics, rising demand for fast and easy clinical diagnosis, high funding governmental agencies, and advanced technology are the prime factor that boosts the DNS sequencing market growth during the forecast period.
However, in this current pandemic of COVID-19, the motors market affected much. It changes the growth rate graph slightly in the DNA Sequencing market. In the last few months, the rate of the patient visits hospital has reduced despite the OPD services and emergency cases. But it has been expected that after the pandemic situation, the global DNA Sequencing market will reach a high position in the graph. Apart from that, the rising of the DNA Sequencing sector across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2020 to 2030.
Geographically, The DNA Sequencing Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
Major Players in the Global DNA Sequencing Market
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include Agilent Technologies Inc., Bio-Rad Laboratories Inc., Danaher Corporation (Beckman Coulter Inc.), Eurofins Scientific, F. Hoffmann-La Roche, Illumina, Inc., Merck KGaA, Pacific Biosciences of California Inc., PerkinElmer Inc., Thermo Fisher Scientific Inc., ZS Genetics, Beckman Coulter (Fullerton, CA), Abbott Laboratories, GE Healthcare Life Sciences, and Johnson & Johnson among others.
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The Global DNA Sequencing Market Has Been Segmented into:
By Product Type
- Consumables (Kits, Reagents)
- Next Generation Sequencing
- Personalized Medicine
- Others (Biomarkers, Forensics, Reproductive Health, etc.)
- Hospitals and Healthcare Organizations
- Academics and Research Institutions
- Pharmaceutical and Biotechnology Companies
- North America
- Asia Pacific
- Latin America
- Middle East & Africa