DNA sequencing is a technique for determining the sequence of a DNA molecule in the lab. Using different sequencing techniques available on the market, the arrangement of four nucleotide bases, namely Guanine, Cytosine, Adenine, and Thymine, may be detected. The Human Genome Project was a significant step forward in studying the whole human genome sequence.
DNA Sequencing Market is anticipated to reach US$ 12.68 Bn. by 2029 from US$ 5.34 Bn. in 2021 at a CAGR of 11.4 % during a forecast period.
DNA Sequencing Market overview:
The DNA Sequencing market’s competitive landscape comprises information about rivals. A firm overview, financials, revenue produced, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product launch, and application domination are among the topics covered. The following information is only relevant to the organization’s focus on the DNA Sequencing market.
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DNA Sequencing Market scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To create percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the given market Size in the relevant area or nation determines the country-wise segmentation of the main market and its sub-segments.
Segmentation:
By Technology, in 2020, next-generation sequencing led the DNA sequencing market, accounting for 58.6 percent of total revenue. The rapid advancements in these technologies, together with the lowering cost of sequencing, have made genome sequencing quicker, more inexpensive, and more precise. Furthermore, with the pandemic of COVID-19 infection, NGS technology is gaining acceptance as a standard clinical diagnostic test, which benefits the segment’s revenue share.
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Key Players: Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data. The following are the key players of the DNA Sequencing market-
- ZS Genetics
• Siemens AG
• Pacific Biosciences
• Myriad Genetics
• Microchip Biotechnologies
• Johnson & Johnson
• Integrated DNA Technologies
• Hamilton Thorne Biosciences
• Commonwealth Biotechnologies
• Bayer Corporation
• Agilent Technologies
• Abbott Laboratories
• Abbott Laboratories
• LI-COR Biosciences
• GE Healthcare Life Sciences
Regional Analysis:
Individual market influencing components and changes in market rules that affect current and future market trends are also investigated in the geographical component of the research. Some of the factors used to forecast market scenarios for various countries include downstream and upstream value chain analysis, technological trends, Porter’s five forces analysis, and case studies.
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COVID-19 Impact Analysis on DNA Sequencing Market: Furthermore, the research assesses the impact of COVID-19 on the DNA Sequencing market. The fundamental purpose of this research is to help users understand the market in terms of definition, segmentation, market potential, key trends, and difficulties that the industry confronts across major regions. The paper provides a microeconomic and macroeconomic analysis of the overall impact of COVID-19 on the DNA Sequencing Market. The report focuses on market share and size, clearly demonstrating the pandemic’s influence on the worldwide DNA Sequencing Market in the next years.
Key Questions Answered in the DNA Sequencing Market Report are:
- What will be the DNA Sequencing market’s CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the DNA Sequencing industry?
- Who are the key players in the DNA Sequencing market?
- What important trends in the DNA Sequencing industry are anticipated to develop throughout the forecast period?
- How big will the DNA Sequencing market be in 2027?
- In 2020, which business segment had the highest proportion of the DNA Sequencing market?
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