Global DNA Sequencing Market is Estimated to Reach $26 Billion by 2025
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Global report published by Accurize Market Research forecast that the global market is expected to reach $26 billion by 2025; growing at a CAGR of 18.7% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising instances of cancer majorly driving the market
Increasing
trends of personalized genomics and technological advancements in new
generation sequencing procedures inherited rare disorders, and pre and
neo-natal disorders, and rising incidences of cancer are few factors driving
the growth of the global DNA sequencing. Though, the increasing the difficulty
of diseases and high development and research expenses are the restraints of
the market growth. Still, personalized treatments and medicines, and
non-invasive detection would provide lucrative opportunities to the market.
Market Segmentation
Global DNA
Sequencing Market is split into the product, application; technology, end-user
and geography. By product segment, the market is classified into consumables,
services, and instruments. The application segment comprises biomarkers and
cancer, personalized medicine, reproductive health, diagnostics, and forensics,
among others. The technology segment comprises sequencing by ligation,
single-molecule real-time sequencing, chain termination sequencing, sequencing
by synthesis, pyrosequencing, ion semiconductor sequencing, and nanopore
sequencing. The end-user segment is categorized into pharmaceutical companies,
academic & government research institutes, biotechnology companies, and
hospitals & clinics.
North America,
Europe, Asia-Pacific and the Rest of the world (RoW) are the geographical
segments of the market. North America is further bifurcated into countries
namely; U.S., Canada, and Mexico. Europe covers countries like Russia, the
U.K., Germany, France, Italy and the Rest of Europe. Asia-Pacific countries
include China, India, Japan, South Korea and Rest of Asia Pacific. The rest of
the World (RoW) covers South America, Africa, and the Middle East.
"Consumables accounted for the largest market share in the
product segment", says Accurize
Consumables contributed to the majority of the share in 2017, in the product segment. It is expected to continue its trend during the forecast period. Biomarkers and cancer occupied the largest market share in the application segment and is likely to continue its dominance throughout the forecast period 2017 – 2025. Aso, the sequencing by synthesis, on the basis of the technology segment accounted for the major""
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