Pune, March 23, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global Healthcare market research firm, has published a competitive intelligence market research report on the “DNA Sequencing Market“. The DNA Sequencing market size was valued at USD 5.34 Bn in 2021. The total DNA Sequencing Market revenue is expected to grow at a CAGR of 11.4 percent from 2022 to 2029, reaching USD 12.68 Bn during the forecast period.
| Market Size in 2021 | USD 5.34 Bn |
| Market Size in 2029 | USD 12.68 Bn |
| CAGR | 11.4 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 256 |
| No. of Tables | 124 |
| No. of Charts and Figures | 115 |
| Segment Covered | By Product, Application, Technology, and End User |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
DNA Sequencing Market Overview
DNA Sequencing technology holds great potential in clinical research and the development of cancer diagnostics and therapeutics. The DNA Sequencing Market is majorly driven by the increasing prevalence of cancer and increasing demand for precision medicine.
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DNA Sequencing Market Scope and Research Methodology
The report on DNA Sequencing Market provides a comprehensive analysis of the market structure and the competitive landscape of the market. The DNA Sequencing Market size is estimated using a bottom-up approach. Key insights of the report include the growth drivers, its major applications, challenges posed for the growth of the DNA Sequencing Market and various opportunities for the expansion of their business.
Regional analysis of the DNA Sequencing Market is conducted at a global, regional and country level. Important takeaways include market penetration, regional DNA Sequencing Market domination and growth prospects in each region. The report also offers a country-wise analysis of the market for an in-depth analysis of the DNA Sequencing Market.
A competitive analysis of the DNA Sequencing Market was conducted listing major competitors in the market along with new entrants. A comprehensive analysis as such is effective to gain a comprehensive understanding of the market structure and growth strategies of various players. It also aids clients to formulate investment strategies and marketing tactics.
The data was collected using primary and secondary data collection methods. The collected data was then analyzed using qualitative and quantitative methods of analysis. Research tools such as SWOT, PESTLE and Porter’s Five Force analysis were used to gain a deeper understanding of the DNA Sequencing Market.
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Increased investment in research and development activities to boost DNA Sequencing Market growth
DNA sequencing technology holds great potential in clinical Research & Development of cancer diagnostics and therapeutics. Technological advancements in sequencing from 2D sequencing have come a long way. Growing R&D activities are expected to drive the DNA Sequencing market due to its role in drug discovery and development. Technological advancements in genome sequencing and the increasing number of application of genome sequencing in the healthcare sector is expected to influence the DNA Sequencing Market growth.
The growing geriatric population and the escalating rate of patients diagnosed with chronic diseases and cancer are expected to boost the demand for the DNA Sequencing Market. DNA sequencing helps in the diagnosis of reproductive health issues and personal health problems, especially Cancer. The high cost of the DNA sequencing technique is expected to restrain the DNA sequencing market growth.
North America region to dominate the regional market over the forecast period
North American region dominated the regional DNA Sequencing market accounting for 44.3 percent to total market revenue over the forecast period. Ongoing technical breakthroughs by leading companies, huge investments in Research and Development activities and the availability of technologically sophisticated healthcare infrastructure are factors expected to fuel the regional DNA sequencing market growth.
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The European region is expected to influence the regional DNA sequence market growth over the forecast period. Growing healthcare spending and infrastructure in the Asia Pacific region market is expected to be the fastest growing area for the DNA Sequencing market. China is the world’s largest economy and is expected to reach USD 1.3 Bn by 2029 with a growth rate of 17.2 percent over the forecast period.
DNA Sequencing Market segmentation
Based on Product, consumables segments to hold the largest portion of the DNA sequence market over the forecast period
Based on the usage of DNA sequencing platforms and the sequencing by synthesis technology in sequencing procedures sequencing technology is expected to boost the DNA Sequencing market growth.
Based on Technology, the Pyro sequencing technology segment is expected to grow at the fastest growth rate over the forecast period
Rapid advancements in technologies, with the lowering cost of sequencing, are expected to influence the Pyrosequencing technology segment over the forecast period. Nanopore and Single-Molecule Real-Time sequencing is expected to fuel the DNA Sequencing Market growth.
By Product:
- Consumables
- Instruments
- Services
By Application:
- Biomarkers & Cancer
- Diagnostics
- Reproductive Health
- Personalized Medicine
- Forensics
By Technology:
- Sequencing by synthesis
- Ion semiconductor sequencing
- Sequencing by ligation
- Pyrosequencing
- Single-molecule-real-time sequencing
- Chain termination sequencing
- Nanopore sequencing
By End-User:
- Academic & government research institutes
- Pharmaceutical companies
- Biotechnology companies
- Hospitals & Clinics
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DNA Sequencing Market Key Players include:
- ZS Genetics
- Siemens AG
- Pacific Biosciences
- Myriad Genetics
- Microchip Biotechnologies
- Johnson & Johnson
- Integrated DNA Technologies
- Hamilton Thorne Biosciences
- Commonwealth Biotechnologies
- Bayer Corporation
- Agilent Technologies
- Abbott Laboratories
- Abbott Laboratories
- LI-COR Biosciences
- GE Healthcare Life Sciences
- 454 Life Sciences
- Illumina, Inc.
- QIAGEN
- Perkin Elmer
- Thermo Fisher
- Macrogen, Inc.
Abbott Laboratories:
Abbott Laboratories is an American multinational medical devices and health care company. It is one of the fastest-growing pharmaceutical company with expertise across product development. The total annual revenue of the company was USD 43.653 Bn in 2022.
Agilent Technologies:
Agilent supports cutting-edge life science research; patient diagnostics; and testing required to ensure the safety of water, food and pharmaceuticals. They play a role in advancing important research and testing. The total annual revenue of the company was USD 6.930 Bn at the end of January 2023.
Key questions answered in the DNA Sequencing Market are:
- What is DNA Sequencing?
- What was the DNA Sequencing market size in 2021?
- What is the expected DNA Sequencing market size by 2029?
- What is the growth rate of the DNA Sequencing Market?
- Which are the factors expected to drive the DNA Sequencing market growth?
- Which factors are expected to restrain the DNA Sequencing market growth?
- Which segment dominated the DNA Sequencing market growth?
- What is the demand pattern for the DNA Sequencing market?
- Which region held the largest share of the DNA Sequencing market?
- Who are the key players in the DNA Sequencing market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product, Application, Technology, and End User Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Healthcare research firm, has also published the following reports:
Recombinant DNA Technology Market: The total market size was valued at USD 32.62 Bn in 2022 with growth rate of 9.9 percent over the forecast period. Medical segment dominated the growth of the Recombinant DNA Technology Market.
DNA Chip Market: The total market size is expected to grow at a CAGR of 12 percent over the forecast period and the market size is expected to reach USD 17.95 Bn by 2029. Technological advancements in the microarray platform is expected to boost the market growth.
DNA & RNA Banking Services Market: The total size was valued at USD 6.41 Bn in 2021 and the total revenue is expected to grow at 5.4 percent through 2022 to 2029, reaching USD 9.76 Bn. Advancement of digital systems and the conversion of biobanks is expected to fuel the market growth.
DNA Forensic Market: The total market size is expected to grow at a CAGR of 15.02 percent during the forecast period and is expected to reach USD 6.69 Bn by 2029. The quality assurance standards required for DNA testing is expected to influence the market growth.
Cell-Free DNA Testing Market: The total market size was valued USD 6.05 Bn in 2021 and is expected to reach USD 38.19 Bn by 2029, at a CAGR of 25.90 percent during a forecast period. Growing alertness in the people and requirement of safe & low-risk obstetric procedures is expected to fuel the market growth.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
