New York, NY -- (SBWIRE) -- 01/18/2021 -- The global DNA Sequencing Market is forecasted to reach USD 11.28 Billion by 2027, according to a new report by Reports and Data. The market for DNA sequencing is experiencing high demand owing to its applications in biomarker discovery, personalized medicine, oncology studies, forensics, and others. Its demand has increased due to a surge in sequencing applications and advancement in technology in DNA sequencing. Growth in R&D investment is also encouraging the growth of the market.
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Leading Players Profiled in the Report Include:
Thermo Fisher Scientific, Inc., Agilent Technologies, QIAGEN, Illumina, Inc., F. Hoffmann-La Roche Ltd., Macrogen, Inc., Oxford Nanopore Technologies, Pacific Biosciences Of California, Inc., Perkin Elmer, Inc., and Bio-Rad Laboratories, Inc., among others.
Other factors propelling the demand for the market are growing partnerships and collaboration among market players and a rise in genome mapping programs all across the globe. Increased investment in research and development activities provides a lucrative opportunity for the industry. However, standardization concerns and legal & ethical limitations accredited with DNA sequencing hamper the demand for the market.
The COVID-19 impact:
The distribution of Covid-19's has influenced industrial activities worldwide. Pharma company manufacturers are at the forefront of human response to the COVID-19 pandemic. An increase in the number of biotech firms to explore and develop a vaccine for the virus has developed a strict competition. DNA sequencing is playing a crucial role in the development of therapies for chronic diseases at an unprecedented rate, and a substantial amount of funds are being put into the research and development of the market product. The market will witness an increased demand in the coming years.
Further key findings from the report suggest
The consumables segment held the largest share due to the wide availability of kits and reagents to cater to DNA fragmentation, amplification, fragmentation enrichment, and quality control, which contributes to the growth of the product and services segment.
Next-Generation Sequencing (NGS) is anticipated to witness diversification into a substantial number of clinical areas due to the reduction in cost. At present, next-generation sequencing is acknowledged to be the leading technology responsible for the burgeoning field of oncology, Mendelian diseases, and complex disease testing.
Pharmaceutical companies are making use of the available genomic information in personalized medicine, which is forecasted to significantly impact the growth of the market. The reduction in the cost of sequencing has made it more attractive to pharmaceutical and biotechnology companies.
North America remains the key revenue-generating geographical segment in the DNA sequencing market. The availability of research funds from the public as well as private sources, availability of state-of-art technologies, and presence of key market players in the region are among the key factors driving the market growth in this region.
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For the purpose of this report, Reports and Data has segmented into the Global DNA Sequencing Market on the basis of product and services, technology, application, end-user, and region:
Product and Services Outlook (Revenue, USD Billion; 2017-2027)
Consumables
Instruments
Services
Technology Outlook (Revenue, USD Billion; 2017-2027)
Next-Generation Sequencing
Whole Genome Sequencing
Whole Exome Sequencing
Targeted Sequencing & Resequencing
Sanger Sequencing
Third-Generation Sequencing
Single-molecule real-time sequencing (SMRT)
Nanopore sequencing
Application Outlook (Revenue, USD Billion; 2017-2027)
Reproductive Health
Oncology
Agrigenomics & Forensics
Clinical Investigation
Metagenomics, Epidemiology & Drug Development
HLA Typing/Immune System Monitoring
Consumer Genomics
Others
End-User Outlook (Revenue, USD Billion; 2017-2027)
Pharmaceutical & Biotechnology Companies
Hospitals and Clinics
Clinical Research
Academic Research
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
U.S
Canada
Europe
Germany
U.K
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
MEA
Saudi Arabia
UAE
Rest of MEA
Latin America
Brazil
Rest of LATAM
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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. DNA Sequencing Market Segmentation & Impact Analysis
4.1. DNA Sequencing Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
Continued…
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