DNA Sequencing Market Share, Key Players, Segment Analysis and Forecast to 2024

New York, United States, 2019-Aug-08 — /EPR Network/ — The global DNA Sequencing market size is projected to achieve a lucrative growth based on the advent of technological innovations and extensive clinical applications. The market is expected to be led by consumable products, in terms of both size and growth during the forecast period (2018-2023). This is attributed to the extensive use of consumables for sample preparation, cluster generation, and other processes during the course of experiments.

The DNA sequencing market finds application in biomarker and cancer, diagnostics, reproductive health, personalized medicine, and forensics. The latest technological innovations have highly increased sequencing speed, while reducing both the cost of sequencing, and protocol steps. These factors have led to the preference of the DNA sequencing technology for the study of biomarkers.

Globally, North America holds the largest share in the global market, mainly due to factors such as the presence of large number of academic and research institutes, and availability of technologically advanced products, and presence of major players in the region. Conversely, Asia-Pacific is expected to witness the fastest growth in demand during forecast period. The major factors driving the market demand in Asia-Pacific are increasing awareness about DNA sequencing, rise in the adoption of advanced technology for clinical applications.

The DNA sequencing industry provides immense opportunities for the new players to grow, due to the eminence of latest innovative technology in the market. Subsequently, the key players are also exploring opportunities by leveraging their precedence in technological advancement. The advent of next generation DNA sequencing (NGS) also provides opportunities for the market players to grow in the future.

Some of the other key players in the global market include Illumina, Inc, Pacific Biosciences of California, Inc., Siemens AG, ZS Genetics, Inc, Abbott Laboratories, Li-Cor, Inc., F. Hoffmann-La Roche Ltd., Oxford Nanopore Technologies, and Agilent Technologies, Inc.

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