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DNA Sequencing Market - Global Opportunity Analysis and Industry Forecast, 2017 - 2023

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Pages: 160
May 2017 | 4543 Views
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Author's : Onkar Sumant and Sohail Shaikh
Tables: 55
Charts: 60
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Overview of the DNA Sequencing Market Report:

Global DNA Sequencing Market was valued at $5,156 million in 2016 and is expected to reach $18,284 million in 2023, registering a CAGR of 19.6% from 2017 to 2023. DNA sequencing is a technology in which several DNA strands could be sequenced through massive parallelization. This sequencing includes both Sanger’s method of sequencing and non-Sanger’s methods of sequencing. Low cost, high accuracy and speed, and precise results even from low sample input are the main advantages DNA sequencing offers over microarray and other genomic analysis methods.

DNA Sequencing Market

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DNA sequencing is used to execute various applications, such as biomarker discovery, oncology studies, personalized medicine, forensics, and others. It has streamlined nucleotide analysis and consist of widely replaced conventional tools of genomics, especially microarray, genotyping, and others. The demand for DNA sequencing has increased significantly, owing to surge in sequencing applications and rise in technological advancements in DNA sequencing. In addition, the growth in number of genome mapping programs globally and increase in R&D investment drive the market growth.

DNA Sequencing Market

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The DNA sequencing market is segmented based on product, application, technology, end user, and geography. Based on product, it is classified into consumable, instrument, and service. The consumables segment occupied dominant share in 2016, and is expected to maintain this trend during the forecast period. This is attributed to the fact that they are widely used throughout the sample preparation process and are needed to perform other pre-requisite steps of DNA sequencing.

DNA Sequencing Market

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Asia-Pacific possesses high market potential for the growth of DNA sequencing market, owing to increase in awareness about DNA sequencing, rise in DNA sequencing applications, and others. This region is anticipated to experience fast-paced growth, in terms of development and use of DNA sequencing technologies.

The key players operating in the global DNA sequencing market include Illumina, Inc., Thermo Fisher Scientific, Inc., Siemens AG, Pacific Biosciences of California, Inc., ZS Genetics, Inc., Beckman Coulter (Fullerton, CA), 454 Life Sciences Corporation (Roche Holding AG), Agilent Technologies, Inc., Abbott Laboratories, and LI-COR, Inc.

The other prominent players in the value chain include Eurofins Scientific, Gatc Biotech AG, Macrogen, Inc., Oxford Nanopore Technologies, Ltd., Bio-Rad Laboratories, Inc., DNASTAR, Inc., Biomatters Ltd., New England Biolabs, Inc., and Myriad Genetics, Inc.

Key Benefits for Stakeholders

  • The study provides an in-depth analysis of the global DNA sequencing market, with current trends and future estimations to elucidate the imminent investment pockets.
  • A quantitative analysis from 2016 to 2023 to enable the stakeholders to capitalize on the prevailing market opportunities is discussed.
  • Key market players are profiled and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market.
  • Porter’s Five Forces model interprets the bargaining power of suppliers & buyers, threat of new entrants & substitutes, and competition in the key players.

DNA Sequencing Market Key Segments:

By Product

  • Consumable
  • Instrument
  • Service

By Application

  • Diagnostics
  • Biomarkers and Cancer
  • Reproductive Health
  • Personalized Medicine
  • Forensics
  • Other Applications

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    

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Australia
    • India
    • South Korea
    • Taiwan
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Turkey
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. PATENTS ANALYSIS

3.3.1. Patent analysis by year
3.3.2. Patent analysis by region

3.4. PORTERS FIVE FORCES ANALYSIS
3.5. MARKET SHARE ANALYSIS

3.5.1. DNA sequencing market share (2012-2017)

3.6. MARKET DYNAMICS

3.6.1. Drivers
3.6.2. Restraints
3.6.3. Opportunities

Chapter: 4 GLOBAL DNA SEQUENCING MARKET, BY PRODUCT

4.1. OVERVIEW

4.1.1. Market size & forecast

4.2. CONSUMABLES

4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size & forecast

4.3. INSTRUMENTS

4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size & forecast

4.4. SERVICES

4.4.1. Key market trends
4.4.2. Growth factors and opportunities
4.4.3. Market size & forecast

Chapter: 5 GLOBAL DNA SEQUENCING MARKET, BY APPLICATION

5.1. OVERVIEW

5.1.1. Market size & forecast

5.2. BIOMARKERS AND CANCER

5.2.1. Market size & forecast

5.3. DIAGNOSTICS

5.3.1. Market size & forecast

5.4. REPRODUCTIVE HEALTH

5.4.1. Market size & forecast

5.5. PERSONALIZED MEDICINE

5.5.1. Market size & forecast

5.6. FORENSICS

5.6.1. Market size & forecast

5.7. OTHER APPLICATIONS

5.7.1. Market size & forecast

Chapter: 6 GLOBAL DNA SEQUENCING MARKET, BY TECHNOLOGY

6.1. OVERVIEW

6.1.1. Market size & forecast

6.2. SEQUENCING BY SYNTHESIS (SBS)

6.2.1. Market size & forecast

6.3. ION SEMICONDUCTOR SEQUENCING (IOS)

6.3.1. Market size & forecast

6.4. SEQUENCING BY LIGATION (SBL)

6.4.1. Market size & forecast

6.5. PYROSEQUENCING

6.5.1. Market size & forecast

6.6. SINGLE-MOLECULE-REAL-TIME SEQUENCING (SMRT)

6.6.1. Market size & forecast

6.7. CHAIN TERMINATION SEQUENCING

6.7.1. Market size & forecast

6.8. NANOPORE SEQUENCING

6.8.1. Market size & forecast

Chapter: 7 GLOBAL DNA SEQUENCING MARKET, BY END USERS

7.1. OVERVIEW

7.1.1. Market size & forecast

7.2. ACADEMIC & GOVERNMENT RESEARCH INSTITUTES

7.2.1. Market size & forecast

7.3. PHARMACEUTICAL COMPANIES

7.3.1. Market size & forecast

7.4. BIOTECHNOLOGY COMPANIES

7.4.1. Market size & forecast

7.5. HOSPITALS & CLINICS

7.5.1. Market size & forecast

Chapter: 8 GLOBAL DNA SEQUENCING MARKET, BY GEOGRAPHY

8.1. OVERVIEW

8.1.1. Market size & forecast

8.2. NORTH AMERICA

8.2.1. Key market trends
8.2.2. Key growth factors and opportunities
8.2.3. Market size & forecast

8.2.3.1. U.S. market size and forecast
8.2.3.2. Canada market size and forecast
8.2.3.3. Mexico market size and forecast

8.3. EUROPE

8.3.1. Key market trends
8.3.2. Key growth factors and opportunities
8.3.3. Market size & forecast

8.3.3.1. Germany market size and forecast
8.3.3.2. France market size and forecast
8.3.3.3. UK market size and forecast
8.3.3.4. Italy market size and forecast
8.3.3.5. Spain market size and forecast
8.3.3.6. Rest of Europe market size and forecast

8.4. ASIA-PACIFIC

8.4.1. Key market trends
8.4.2. Key growth factors and opportunities
8.4.3. Market size & forecast

8.4.3.1. Japan market size and forecast
8.4.3.2. China market size and forecast
8.4.3.3. Australia market size and forecast
8.4.3.4. India market size and forecast
8.4.3.5. South Korea market size and forecast
8.4.3.6. Taiwan market size and forecast
8.4.3.7. Rest of Asia-Pacific market size and forecast

8.5. LAMEA

8.5.1. Key market trends
8.5.2. Key growth factors and opportunities
8.5.3. Market size & forecast

8.5.3.1. Brazil market size and forecast
8.5.3.2. Turkey market size and forecast
8.5.3.3. Saudi Arabia market size and forecast
8.5.3.4. Rest of LAMEA market size and forecast

Chapter: 9 COMPANY PROFILES

9.1. ILLUMINA, INC

9.1.1. Operating business segments
9.1.2. Business performance

9.2. THERMO FISHER SCIENTIFIC, INC

9.2.1. Operating business segments
9.2.2. Business performance
9.2.3. Key strategic moves and developments

9.3. PACIFIC BIOSCIENCES OF CALIFORNIA, INC.,

9.3.1. Operating business segments
9.3.2. Business performance
9.3.3. Key strategic moves and developments

9.4. SIEMENS AG

9.4.1. Operating business segments
9.4.2. Business performance
9.4.3. Key strategic moves and developments

9.5. ZS GENETICS, INC

9.5.1. Operating business segments
9.5.2. Business performance
9.5.3. Key strategic moves and developments

9.6. 454 LIFE SCIENCES CORPORATION (ROCHE HOLDING AG)

9.6.1. Operating business segments
9.6.2. Business performance
9.6.3. Key strategic moves and developments

9.7. AGILENT TECHNOLOGIES, INC

9.7.1. Operating business segments
9.7.2. Business performance
9.7.3. Key strategic moves and developments

9.8. ABBOTT LABORATORIES

9.8.1. Operating business segments
9.8.2. Business performance
9.8.3. Key strategic moves and developments

9.9. BECKMAN COULTER

9.9.1. Operating business segments
9.9.2. Business performance
9.9.3. Key strategic moves and developments

9.10. LI-COR

9.10.1. Operating business segments
9.10.2. Business performance
9.10.3. Key strategic moves and developments

LIST OF TABLES

TABLE 1. GLOBAL DNA SEQUENCING MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 2. GLOBAL DNA SEQUENCING CONSUMABLES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 3. GLOBAL DNA SEQUENCING INSTRUMENTS MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 4. GLOBAL DNA SEQUENCING SERVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 5. GLOBAL DNA SEQUENCING MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 6. BIOMARKERS AND CANCER DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 7. DIAGNOSTICS DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 8. REPRODUCTIVE HEALTH DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 9. PERSONALISED MEDICINE NEXT GENERATION SEQUENCING, BY REGION, 2016-2023 ($MILLION)
TABLE 10. FORENSICS DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 11. OTHER APPLICATIONS DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 12. GLOBAL DNA SEQUENCING MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 13. SEQUENCING BY SYNTHESIS TECHNOLOGY DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 14. ION SEMICONDUCTOR SEQUENCING TECHNOLOGY DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 15. SEQUENCING BY LIGATION TECHNOLOGY DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 16. PYROSEQUENCING TECHNOLOGY DNA SEQUENCING MARKET TECHNOLOGY, BY REGION, 2016-2023 ($MILLION)
TABLE 17. SINGLE-MOLECULE-REAL-TIME-SEQUENCING TECHNOLOGY DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 18. CHAIN TERMINATION DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 19. NANOPORE DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 20. GLOBAL DNA SEQUENCING MARKET, BY END USERS, 2016-2023 ($MILLION)
TABLE 21. ACADEMIC & GOVERNMENT RESEARCH INSTITUTES DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 22. PHARMACEUTICAL COMPANIES DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 23. BIOTECHNOLOGY COMPANIES DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 24. HOSPITALS & CLINICS DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 25. GLOBAL DNA SEQUENCING MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 26. NORTH AMERICA DNA SEQUENCING MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 27. NORTH AMERICA DNA SEQUENCING MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 28. NORTH AMERICA DNA SEQUENCING MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 29. NORTH AMERICA DNA SEQUENCING MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 30. NORTH AMERICA DNA SEQUENCING MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 31. EUROPE DNA SEQUENCING MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 32. EUROPE DNA SEQUENCING MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 33. EUROPE DNA SEQUENCING MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 34. EUROPE DNA SEQUENCING MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 35. EUROPE DNA SEQUENCING MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 36. ASIA-PACIFIC DNA SEQUENCING MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 37. ASIA-PACIFIC DNA SEQUENCING MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 38. ASIA-PACIFIC DNA SEQUENCING MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 39. ASIA-PACIFIC DNA SEQUENCING MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 40. ASIA-PACIFIC DNA SEQUENCING MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 41. LAMEA DNA SEQUENCING MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 42. LAMEA DNA SEQUENCING MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 43. LAMEA DNA SEQUENCING MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 44. LAMEA DNA SEQUENCING MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 45. LAMEA DNA SEQUENCING MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 46. ILLUMINA, INC: COMPANY SNAPSHOT
TABLE 47. THERMO FISHER SCIENTIFIC, INC: COMPANY SNAPSHOT
TABLE 48. PACIFIC BIOSCIENCES OF CALIFORNIA, INC.: COMPANY SNAPSHOT
TABLE 49. SIEMENS AG.: COMPANY SNAPSHOT
TABLE 50. ZS GENETICS, INC.: COMPANY SNAPSHOT
TABLE 51. QIAGEN N.V.: COMPANY SNAPSHOT
TABLE 52. AGILENT TECHNOLOGIES, INC: COMPANY SNAPSHOT
TABLE 53. ABBOTT LABORATORIES: COMPANY SNAPSHOT
TABLE 54. BECKMAN COULTER: COMPANY SNAPSHOT
TABLE 55. LI-COR: COMPANY SNAPSHOT

LIST OF FIGURES

FIGURE 1. TOP INVESTMENT POCKETS: GLOBAL DNA SEQUENCING MARKET, BY APPLICATION
FIGURE 2. TOP WINNING STRATEGIES: NATURE AND TYPE
FIGURE 3. TOP WINNING STRATEGIES: NATURE AND COMPANY
FIGURE 4. PATENT ANALYSIS BY REGION
FIGURE 5. BARGAINING POWER OF BUYERS
FIGURE 6. BARGAINING POWER OF SUPPLIERS
FIGURE 7. THREAT OF NEW ENTRANTS
FIGURE 8. THREAT OF SUBSTITUTION
FIGURE 9. COMPETITIVE RIVALRY
FIGURE 10. MARKET SHARE ANALYSIS
FIGURE 11. DNA SEQUENCINGMARKET: PRODUCT SEGMENATION
FIGURE 12. U.S. DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 13. CANADA DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 14. MEXICO DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 15. GERMANY DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 16. FRANCE DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 17. UK DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 18. ITALY DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 19. SPAIN DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 20. REST OF EUROPE DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 21. JAPAN DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 22. CHINA DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 23. AUSTRALIA DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 24. INDIA DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 25. SOUTH KOREA DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 26. TAIWAN DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 27. REST OF ASIA-PACIFIC DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 28. BRAZIL DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 29. TURKEY DNA SEQUENCING MARKET, 2016-20223 ($MILLION)
FIGURE 30. SAUDI ARABIA DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 31. REST OF LAMEA DNA SEQUENCING MARKET, 2016-2023 ($MILLION)
FIGURE 32. ILLUMINA, INC: NET SALES, 2014-2017 ($MILLION)
FIGURE 33. ILLUMINA, INC: REVENUE BY SEGMENT, 2015 (%)
FIGURE 34. THERMO FISHER SCIENTIFIC, INC: NET SALES, 2014-2017 ($MILLION)
FIGURE 35. THERMO FISHER SCIENTIFIC, INC: REVENUE BY SEGMENT, 2015 (%)
FIGURE 36. THERMO FISHER SCIENTIFIC, INC: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 37. PACIFIC BIOSCIENCES OF CALIFORNIA, INC.: NET SALES, 2014-2017 ($MILLION)
FIGURE 38. PACIFIC BIOSCIENCES OF CALIFORNIA, INC.: REVENUE BY SEGMENT, 2015 (%)
FIGURE 39. PACIFIC BIOSCIENCES OF CALIFORNIA, INC.: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 40. SIEMENS AG.: NET SALES, 2014-2017 ($MILLION)
FIGURE 41. SIEMENS AG.: REVENUE BY SEGMENT, 2015 (%)
FIGURE 42. SIEMENS AG.: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 43. ZS GENETICS, INC: NET SALES, 2014-2017 ($MILLION)
FIGURE 44. ZS GENETICS, INC: REVENUE BY SEGMENT, 2015 (%)
FIGURE 45. ZS GENETICS, INC: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 46. 454 LIFE SCIENCES CORPORATION (ROCHE HOLDING AG): NET SALES, 2014-2017 ($MILLION)
FIGURE 47. 454 LIFE SCIENCES CORPORATION (ROCHE HOLDING AG): REVENUE BY SEGMENT, 2015 (%)
FIGURE 48. 454 LIFE SCIENCES CORPORATION (ROCHE HOLDING AG): REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 49. AGILENT TECHNOLOGIES, INC: NET SALES, 2014-2017 ($MILLION)
FIGURE 50. AGILENT TECHNOLOGIES, INC: REVENUE BY SEGMENT, 2015 (%)
FIGURE 51. AGILENT TECHNOLOGIES, INC: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 52. ABBOTT LABORATORIES: NET SALES, 2014-2017 ($MILLION)
FIGURE 53. ABBOTT LABORATORIES: REVENUE BY SEGMENT, 2015 (%)
FIGURE 54. ABBOTT LABORATORIES: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 55. BECKMAN COULTER: NET SALES, 2014-2017 ($MILLION)
FIGURE 56. BECKMAN COULTER: REVENUE BY SEGMENT, 2015 (%)
FIGURE 57. BECKMAN COULTER: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 58. LI-COR: NET SALES, 2014-2017 ($MILLION)
FIGURE 59. LI-COR: REVENUE BY SEGMENT, 2015 (%)
FIGURE 60. LI-COR: REVENUE BY GEOGRAPHY, 2015 (%)

 

DNA sequencing has enhanced diverse fields of life-sciences by research innovation and development. Biomarker discovery, oncology studies, drug development, personalized genomics, and reproductive health are some of the widely-known applications of this technique. Similarly, DNA sequencing also contributed significantly in agricultural & animal and forensic research. This sequencing is anticipated to witness high adoption rate with increase in distinct applications and interventions, such as diagnostics, biomarker discovery, personalized medicine, and others. The market has gained momentum in the research, innovation, and development sector, owing to the increase in genome mapping projects globally, significant technological advancements in next generation sequencing, and surge in collaborations & partnerships among DNA sequencing product manufacturing companies. In addition, rise in awareness about DNA sequencing and its advantages drives the market growth.

The demand for DNA sequencing has soared propelled due to the reduced cost of sequencing and increase in the total number of produced sequence reads per run. However, standardization concerns in diagnostics based on DNA sequencing and ethical & legal limitations restrict market growth. At present, academic & government research institutes are the largest end users of DNA sequencing, followed by pharmaceutical companies, biotechnology companies, and hospitals & clinics. The biotechnology end-user segment is expected to exhibit the highest growth rate throughout the forecast period. However, the utilization of DNA sequencing is higher in academic & government research institutes as compared to other end users as DNA sequencing is routinely employed in hospitals for genomics research, biomarkers detection, transcriptomics research, and other purposes.

Increase in awareness regarding sequencing and investment in research, innovation, and development fuel the demand for novel DNA sequencing technologies, especially nanopore sequencing. The employment of technologically advanced DNA sequencing products is highest in North America, owing to the increase in adoption of DNA sequencing products and technologies, followed by Europe and Asia-Pacific.

 

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