Global DNA Sequencing Market is Estimated to Reach $26 Billion by 2025
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.
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.
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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