DNA Next Generation Sequencing Market to Hit $ 22,716.9 Million by 2027 at 21.7% CAGR - Global Analysis by The Insight Partners | Covers Impact of COVID-19 Pandemic
According to a new market research study titled ‘DNA Next Generation Sequencing Market - Global Analysis and Forecasts By Product, Application and End User, the global DNA next generation sequencing market is expected to reach US$ 22,716.9 Mn in 2025 from US$ 4,898.5 Mn in 2017. The market is estimated to grow with a CAGR of 21.7% from 2018-2025. The report highlights the trends prevalent in the global DNA next generation sequencing market and the factors driving the market along with those that act as deterrents to its growth.
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DNA sequencing is the method used to determine the specific order of the four nucleotide bases, which form the DNA strand. DNA sequencing played a vital role during the mapping of the human genome, hence providing an important aspect for various basic as well as applied research. In recent days, DNA sequencing is being utilized in the field of pharmacogenomics.
Global DNA next generation sequencing market, based on the application was segmented diagnostics, drug discovery, precision medicine, and other applications. Among the applications, the segment of diagnostics is expected to grow at the fastest rate during the forecast period, owing to the rise in the number of chronic cases across the globe.
Some of the prominent players operating in DNA next generation sequencing market are Illumina, Inc., Thermo Fisher Scientific, Inc., Qiagen N.V., Beijing Genomics Institute, Perkinelmer, Inc., F. Hoffmann-La Roche AG, Agilent Technologies, Eurofins Scientific, Oxford Nanopore Technologies, and Macrogen, Inc. among others. The players operating in the DNA next generation sequencing market have been focusing towards strengthening their market position as well as customer base, through measures such as, partnerships. For instance, in September 2018, QIAGEN N.V. and NeuMoDx Molecular, Inc. entered a partnership to commercialize its new fully integrated systems for automation of PCR testing. These next-generation systems are designed to help clinical molecular diagnostic laboratories process increasing test volumes and deliver more rapid insights on a broad range of diseases.
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The report segments the global DNA next generation sequencing market as follows:
Global DNA Next Generation Sequencing Market – By Product
· Consumables
· Services
· Platform
Global DNA Next Generation Sequencing Market – By Application
· Diagnostics
· Drug Discovery
· Precision Medicine
· Other Applications
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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Contact Person: Sameer Joshi
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Global DNA Next Generation Sequencing Market – By End User
· Academic & Research Institutes
· Pharmaceutical & Biotechnology Companies
· Hospitals & Clinics
· Other End Users
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
