Global DNA sequencing market size to register 11.3% CAGR through 2027

Selbyville, Delaware, Nov. 10, 2020 (GLOBE NEWSWIRE) -- According to industry experts, worldwide DNA sequencing market garnered a valuation of USD 4.7 billion in 2019 and is projected to record a year-over-year growth rate of 11.3% during 2020-2027. Growing demand for DNA sequencing in biological research applications and across various medical fields such as virology, biotechnology, medical diagnosis, forensic biology, and biological systematics is expected to augment the industry growth in the upcoming years.

Critical and accurate data pertaining the industry segments, including products & services, technology type, workflow, application spectrum, and end-use scope are hosted in the document. Further, it offers a comprehensive take on various regional markets as well as the prominent players across these geographies. Insights with respect to product range offered by each industry player, in consort with overview of strategies and business tactics incorporated by them to maintain stronghold in regional market are elucidated.

More importantly, rising prevalence of cancer serves as a major growth impetus for global DNA sequencing industry. In fact, nearly 18.1 million new cases of cancer were recorded in 2018 and the number is expected to climb to 27.5 million by 2040, claims the International Agency for Research on Cancer.

Besides, rise in number of DNA tests has also rendered a positive impact on global DNA sequencing market outlook. As per the Centers for Genetic and Society of the United States, over 26 million individuals had filed their DNA tests to commercial ancestry and health database by early 2019, an increase of approximately 11 million from the previous year. Similar trends in other geographies may accelerate the industry expansion in the forthcoming years.

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For those unfamiliar, DNA sequencing is a process of determining or identifying the nucleic acid sequence in a DNA molecule. DNA sequencing extrapolates sequence information, thereby helping scientists and researchers to obtain critical data pertaining to the mutations responsible for a particular disease. Hence, rising burden of various diseases and continuous demand for medical data will continue to fuel global DNA sequencing industry growth. However, complexities in interpretation of data and lack of skilled professionals will impede the industry growth during 2020-2027.

Regional overview:

Global DNA sequencing market size is fragmented into North America, Asia Pacific, Latin America, Europe, and Rest of the World. North America market currently captures majority share due to early adoption of advanced technologies and procedures, and high concentration of vendors across the region. 

On the other hand, Asia Pacific is touted to emerge as a prime contributor to global DNA sequencing market remuneration during the forecast period. Increasing cases of cancer, rising elderly population base who are more susceptible to various diseases, along with improved awareness regarding DNA sequencing solution and its subsequent adoption in developing nations like India and China are contributing to APAC market growth.

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Global DNA Sequencing Market Products & Services Sub-Segments (Revenue, USD Billion, 2017-2027)

• Instruments
• Consumables
• Services

Global DNA Sequencing Market Technology Sub-Segments (Revenue, USD Billion, 2017-2027)

• Sanger Sequencing
• Next Generation Sequencing
• Third Generation Sequencing

Global DNA Sequencing Market Workflow Sub-Segments (Revenue, USD Billion, 2017-2027)

• Data Analysis
• Pre-Sequencing
• Sequencing
  
  

Global DNA Sequencing Market Application Sub-Segments (Revenue, USD Billion, 2017-2027)

• Oncology
• Clinical Investigation
• Reproductive Health
• HLA Typing/Immune System Monitoring
• Agrigenomics & Forensics
• Others
  
  

Global DNA Sequencing Market End-use Sub-Segments (Revenue, USD Billion, 2017-2027)

• Pharmaceutical & Biotechnology Companies
• Hospitals & Clinics
• Clinical Research
• Academic Research
• Others
  
  

Global DNA Sequencing Market Regional Bifurcation (Revenue, USD Billion, 2017-2027)

North America

• United States
• Canada
  
  

Latin America

• Brazil
• Mexico
  
  

Europe

• France
• Italy
• Spain
• Germany
• United Kingdom
• Rest of Europe
  
  

Asia Pacific

• India
• Japan
• China
• South Korea
• Australia
• Rest of APAC
  
  

Rest of the World

Global DNA Sequencing Market Competitive Dashboard (Revenue, USD Billion, 2017-2027)

• Bio-Rad Laboratories, Inc.
• Pacific Biosciences of California, Inc.
• PerkinElmer, Inc.
• Oxford Nanopore Technologies Limited
• Macrogen, Inc.
• F. Hoffmann-La Roche AG
• Qiagen N.V.
• Illumina, Inc.
• Thermo Fisher Scientific, Inc.
• Agilent Technologies, Inc.

Table of Content:

Chapter 1. Executive Summary

1.1.      Market Snapshot

1.2.      Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1.   DNA Sequencing Market, by Region, 2018-2027 (USD Billion)

1.2.2.   DNA Sequencing Market, by Product & Services, 2018-2027 (USD Billion)

1.2.3.   DNA Sequencing Market, by Technology, 2018-2027 (USD Billion)

1.2.4.   DNA Sequencing Market, by Workflow, 2018-2027 (USD Billion)

1.2.5.   DNA Sequencing Market, by Application, 2018-2027 (USD Billion)

1.2.6.   DNA Sequencing Market, by End-Use, 2018-2027 (USD Billion)

1.3.      Key Trends

1.4.      Estimation Methodology

1.5.      Research Assumption

Chapter 2. Global DNA Sequencing Market Definition and Scope

2.1.      Objective of the Study

2.2.      Market Definition & Scope

2.2.1.   Scope of the Study

2.2.2.   Industry Evolution

2.3.      Years Considered for the Study

2.4.      Currency Conversion Rates

Chapter 3. Global DNA Sequencing Market Dynamics  

3.1.      DNA Sequencing Market Impact Analysis (2018-2027)

3.1.1.   Market Drivers

3.1.2.   Market Challenges

3.1.3.   Market Opportunities

Chapter 4. Global DNA Sequencing Market Industry Analysis

4.1.      Porter's 5 Force Model

4.2.      PEST Analysis

4.2.1.   Political

4.2.2.   Economical

4.2.3.   Social

4.2.4.   Technological

4.3.      Investment Adoption Model

4.4.      Analyst Recommendation & Conclusion

Chapter 5. Global DNA Sequencing Market, by Product & Services

5.1.      Market Snapshot

5.2.      Global DNA Sequencing Market by Product & Services, Performance - Potential Analysis

5.3.      Global DNA Sequencing Market Estimates & Forecasts by Product & Services 2017-2027 (USD Billion)

5.4.      DNA Sequencing Market, Sub Segment Analysis

5.4.1.   Consumables

5.4.2.   Instruments

5.4.3.   Services

Chapter 6. Global DNA Sequencing Market, by Technology         

6.1.      Market Snapshot

6.2.      Global DNA Sequencing Market by Technology, Performance - Potential Analysis

6.3.      Global DNA Sequencing Market Estimates & Forecasts by Technology 2017-2027 (USD Billion)

6.4.      DNA Sequencing Market, Sub Segment Analysis

6.4.1.   Sanger Sequencing

6.4.2.   Next-Generation Sequencing

6.4.3.   Third Generation DNA Sequencing

Chapter 7. Global DNA Sequencing Market, by Workflow

7.1.      Market Snapshot

7.2.      Global DNA Sequencing Market by Workflow - Potential Analysis

7.3.      Global DNA Sequencing Market Estimates & Forecasts by Workflow 2017-2027 (USD Billion)

7.4.      DNA Sequencing Market, Sub Segment Analysis

7.4.1.   Pre-sequencing

7.4.2.   Sequencing

7.4.3.   Data Analysis

Chapter 8. Global DNA Sequencing Market, by Application

8.1.      Market Snapshot

8.2.      Global DNA Sequencing Market by Application - Potential Analysis

8.3.      Global DNA Sequencing Market Estimates & Forecasts by Application 2017-2027 (USD Billion)

8.4.      DNA Sequencing Market, Sub Segment Analysis

8.4.1.   Oncology

8.4.2.   Reproductive Health

8.4.3.   Clinical Investigation

8.4.4.   Agrigenomics & Forensics

8.4.5.   HLA Typing/Immune System Monitoring

8.4.6.   Others

Chapter 9. Global DNA Sequencing Market, by End-Use

9.1.      Market Snapshot

9.2.      Global DNA Sequencing Market by End-Use - Potential Analysis

9.3.      Global DNA Sequencing Market Estimates & Forecasts by End-Use 2017-2027 (USD Billion)

9.4.      DNA Sequencing Market, Sub Segment Analysis

9.4.1.   Academic Research

9.4.2.   Clinical Research

9.4.3.   Hospitals & Clinics

9.4.4.   Pharmaceutical & Biotechnology Companies

9.4.5.   Other Users

Chapter 10. Global DNA Sequencing Market, Regional Analysis

Related Report:

Next Generation Sequencing Market Size, Application Potential, Competitive Market Share & Forecast, 2019 - 2025

Next Generation Sequencing Market will exceed USD 15 billion by 2025, as per a new research report. Introduction of rapid and advanced sequencing technologies and its extensive usage in analyzing DNA will propel next generation sequencing market growth. NGS technology has transformed the method of gene mapping, data interpretation and analysis of large genome bases that aid the researchers and scientists to develop drugs for several diseases. North America next generation sequencing market is expected to experience 20.3% growth throughout the analysis period.  Positive regulatory scenario and trade policies should surge the industry growth. Furthermore, majority of the research processes for drug discovery are carried out in the U.S. and well-equipped laboratories facilitate research processes. Also, the governments funds and supports these research activities that will foster adoption of NGS instruments thereby, triggering regional market growth.

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