About DNA Sequencing
DNA sequencing is important to apply to the human genome. It allows scientists to sequence genes and genomes. DNA Sequencing market is expected to grow in the future due to the rising demand for easy and fast clinical diagnosis and an increase in cancer research activities. The surging trend of personalized genomics boosting the market. The fast development of DNA sequencing technology is providing scientists with the capability to generate information about genetic variation and outlines of gene expression on an unparalleled scale. The DNA sequencing technology is expected to allow scientists in achieving accurate sequencing of whole human genomes within just a few years. This technology will become a routine tool for scientists and clinicians. Numerous sequencing platforms presently in development have the potential to present greater advances in resolution and throughput. The massively parallel sequencing technologies are at present altering almost all fields of genetics, and the field of pharmacogenomics will be no exemption. The most predominant application of the new sequencing technologies in the field of pharmacogenomics is the detection of novel genetic variations that might influence drug response.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global DNA Sequencing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens AG (Germany), Pacific Biosciences of California, Inc. (United States), Eppendorf (Germany), PerkinElmer, Inc. (United States), Agilent Technologies, Inc. (United States), Illumina, Inc. (United States), LI-COR Biosciences, Inc (United States), Oxford Nanopore Technologies Limited (United Kingdom), F. Hoffmann-La Roche AG (Switzerland), ThermoFisher Scientific (United States) and Longas Technologies (Australia) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are QIAGEN (Germany), Macrogen, Inc. (South Korea), Bio-Rad Laboratories, Inc. (United States) and Myriad Genetics (United States).
Segmentation Overview
AMA Research has segmented the market of Global DNA Sequencing market by Type (Instruments, Consumables and Services), Application (Clinical Investigation, Oncology, Forensics & Agrigenomics, Reproductive Health, HLA Typing and Others) and Region.
On the basis of geography, the market of DNA Sequencing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Third Generation DNA Sequencing will boost the DNA Sequencing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Clinical Research will boost the DNA Sequencing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising demand for precision medicine
Market Growth Drivers:
Growing Demand for Easy and Fast Clinical Diagnosis and Increasing Number of Genome Mapping Programs
Challenges:
Dearth of Skilled Professionals
Restraints:
Expensive Machinery
Opportunities:
Increasing prevalence of cancer and Technological advances in next-generation sequencing technologies
Market Leaders and their expansionary development strategies
In August 2024, Illumina partnered with the Broad Institute to develop new gene sequencing kits utilizing CRISPR technology. This collaboration aims to scale up gene sequencing volumes, potentially advancing disease and treatment research.
In October 2024, Illumina introduced the MiSeq i100 and MiSeq i100 Plus Systems, compact and affordable benchtop sequencers designed to make next-generation sequencing more accessible to a broader range of laboratories. These devices offer rapid sequencing capabilities with results available in as little as four hours
Key Target Audience
Manufacturers, Research laboratories and academic institutes, Venture capitalists, Research and consulting firms, Pharmaceutical and biotechnology companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.