Persistence Market Research Released New Market Report on “Whole Exome Sequencing Market: Global Industry Analysis and Forecast to 2020” in the category "Biotechnology"
New York, NY -- (SBWIRE) -- 09/24/2014 -- Whole exome sequencing (WES) refers to a technique for sequencing the coding region of the genome (exon). Whole exome sequencing helps to detect rare variants in the exome for identifying genomic cause of various diseases such as cancer, genetic disorders, monogenic disorders and others. Whole exome sequencing is used by research centers, pharmaceutical companies, hospitals, clinics, biotechnology companies and government institutions for sequencing of genome. Some of the application areas for whole exome sequencing are drug discovery and development, agriculture, cancer, personalized medicine, monogenic disorders, diagnostics and others.
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Product segmentation for whole exome sequencing includes systems, services and kits. On the basis of technology, whole exome sequencing can be segmented into sequencing by synthesis, ION semiconductor sequencing, sequencing by ligation and pyrosequencing. Whole exome sequencing provides efficient and effective genetic data for accurate, fast and cost effective treatment of patients.
North America, followed by Europe, has the largest market for whole exome sequencing due to high government expenditure for whole exome sequencing and rise in adoption of whole exome sequencing for various applications in the region. Asia is expected to experience high growth rate in the whole exome sequencing market in next few years due to increasing research activities in whole exome sequencing, rise in awareness about whole exome sequencing through large number of conferences and government initiatives in the region.
Increasing adoption of whole exome sequencing, government initiatives for low cost and high speed whole exome sequencing technology are expected to drive the market for whole exome sequencing. In addition, increasing application areas for whole exome sequencing and rapid decreasing cost of sequencing are expected to drive the market for whole exome sequencing. However, lack of skilled professionals and ethical and legal issues associated with whole exome sequencing are some of the factors restraining the growth for global whole exome sequencing market.
Growing demographics and economies in the developing countries such as India and China is expected to lead the growth in whole exome sequencing market in Asia. In addition, innovations in whole exome technology, increasing use of personalized medicine and broadened applications of whole exome sequencing are expected to offer new opportunities for global whole exome sequencing market.
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Increasing number of collaborations, partnerships, mergers and acquisitions among companies are some of the latest trends have been observed in global whole exome sequencing market. Some of the major companies operating in the global whole exome sequencing market are Illumina, Inc., Roche NimbleGen, Inc., Thermo Fisher Scientific Inc., Agilent Technologies, GENEWIZ, Inc., Macrogen Inc., Beijing Genomics Institute (BGI), Eurofins MWG Operon, Inc., Ambry Genetics Corp. and Sengenics.
Key points covered in the report:
1. Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2. The report covers geographic segmentation
3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the market
5. The report also provides porters five forces analysis of the market.
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