The global DNA sequencing market size is expected to reach US$ 40.64 billion by 2030 from US$ 8.41 bn in 2020 and is expected to grow at an impressive double-digit rate of 17.5% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global DNA sequencing Market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
DNA sequencing is a procedure used to ascertain the nucleotide sequence of DNA (deoxyribonucleic acid). The nucleotide sequence is a blueprint that encompasses the directives for building an organism, and no perception of the genetic function or progression can be complete without gaining this data. The nucleotide sequence is thus an essential level of information of a genome or gene. Sequencing a complete genome is a complex task that requires separating the DNA of the genome into numerous smaller fragments, sequencing the fragments, and gathering the sequences into a sole long consensus.
The early methods of sequencing (also known as first-generation sequencing technologies) were developed in the 1970s which included Maxam-Gilbert and Sanger method. However, next-generation sequencing methods have mostly supplanted the first-generation methods. These newer methods enable numerous DNA fragments (occasionally on the order of millions of strands) to be sequenced at one time and are more cost-effective and much quicker than first-generation methods. The efficacy of next-generation methods was enhanced significantly by advances in the field of bioinformatics that allowed for augmented data storage and helped the analysis and handling of very big data sets.
Why should you invest in this report?
If you are aiming to enter the global DNA sequencing Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for DNA sequencing are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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Growth Factors
Factors such as constant technological advancements in the sequencing methods, developments in the field of bioinformatics, increasing applications of NGS (Next-generation Sequencing) and WGS (Whole-genome Sequencing), growing prevalence of viral diseases such as SARS and COVID-19, increasing cases of cancer globally, and growing research and development expenditure are propelling the DNA sequencing market expansion across the globe. Additional aspects that are anticipated to fuel this industry are applications in cancer research, biomarker discovery, personalized medicine, genomic analysis, and forensics. Constant collaborations and partnerships between major market players in order to launch new and innovative technologies have enhanced the demand for overall market for the DNA sequencing market.
DNA sequencing also has applications in the field of animal and plant breeding. Selecting the finest animals for next generation breeding is needs an in-depth understanding of the livestock genetics. Genomics technologies are entirely established in breeding and are becoming further competent due to technology innovations and progresses. The area of modern farming has instituted techniques such as genome sequencing, genome wide association, genotyping, and genetic markers. Moreover, genome sequencing has reached satisfactory success in beef cattle and milk cow breeding with enhanced properties in characters such as milk yield, beef quality, feed efficiency, and health.
Report Highlights
- Among the product segment, consumables are expected to dominate the overall market. High requirement for consumables such as reagents and kits for DNA fragmentation and amplification is the major reason for high market share of consumables.
- The next-generation sequencing accounted for the largest revenue in the technology segment with more than 52% share in 2020. Factors such as tremendous advances in NGS technologies along with reduction in cost drive the growth if next-generation sequencing technologies.
- Oncology accounted for the largest revenue in the application segment. High prevalence of cancer in developing regions is the key reason for high market share of oncology.
- Academic research centers accounted for the largest revenue in the end-use segment. High investment in research and development is the key reason for high market share of academic research centers.
- Illumina, Inc. accounted for a significant share of the global DNA sequencing market.
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Key Market Players and Strategies
High investment in the research and development along with acquisition, mergers, and collaborations are the key strategies undertaken by companies operating in the global DNA Sequencing market. Recently, researchers at the University of Birmingham developed a COVID-19 test that lessens testing duration from 30 minutes to less than 5 minutes, and exhibits accurate results. This method employs a DNA sequence (termed Binder DNA) that identifies and binds to SARS-CoV-2 viral RNA along with an enzyme (BstNI) that identifies the Binder DNA, and slashes a short section from it if viral RNA exists.
Leading competitors contending in global DNA sequencing market are as follows:
- Agilent Technologies
- Illumina, Inc.
- QIAGEN
- Perkin Elmer
- Thermo Fisher Scientific
- Hoffmann-La Roche Ltd.
- Macrogen, Inc.
- Bio-Rad Laboratories, Inc.
- Oxford Nanopore Technologies Ltd.
- Myriad Genetics
Major Market Segments Covered:
By Product
- Instruments
- Consumables
- Services
By Technology
- Third Generation DNA Sequencing
- Next-Generation Sequencing
- Sanger Sequencing
By Application
- Clinical Investigation
- Oncology
- Forensics & Agrigenomics
- Reproductive Health
- HLA Typing
- Others
By End-Use
- Clinical Research
- Academic Research
- Biotechnology & Pharmaceutical Companies
- Hospitals & Clinics
- Others
Regional Analysis:
The geographical analysis of the global DNA sequencing Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global DNA sequencing Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global DNA sequencing Market in 2030?
- What is the expected CAGR for the DNA sequencing Market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global DNA sequencing Market?
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