The Business Research Company’s DNA Sequencing Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The DNA Sequencing Global Market Report 2023 evaluates dna sequencing market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global DNA sequencing market is expected to grow from $10.24 billion in 2022 to $11.84 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The DNA sequencing market is expected to reach $20.9 billion in 2027 at a CAGR of 15.3%.
The increasing prevalence of cancer is expected to propel the growth of the DNA sequencing market going forward. Cancer refers to uncontrolled cell growth, which impacts various organs and contributes to significant morbidity and mortality worldwide. DNA sequencing plays a crucial role in identifying genetic mutations, understanding tumor biology, and guiding treatment decisions, leading to improved outcomes in cancer care. For instance, in October 2022, Macmillan Cancer Support, the UK-based health care charity organization, there were 3 million people having cancer in 2020, and it is estimated that it will rise to 3.5 million by 2025, 4 million by 2030, and 5.3 million by 2040. Therefore, the increasing prevalence of cancer is driving the growth of the DNA sequencing market.
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The dna sequencing market segments in the report are:
1) By Product: Instruments, Consumables, Services
2) By Technology: Third Generation DNA Sequencing, Next-Generation Sequencing, Sanger Sequencing
3) By Application: Diagnostics, Biomarkers And Cancer, Reproductive Health, Personalized Medicine, Forensics, Other Applications
4) By End User: Hospitals And Healthcare Organizations, Academics And Research Institutions, Pharmaceutical And Biotechnology Companies, Other End Users
The table of contents in TBRC’s dna sequencing market report includes:
- Executive Summary
- DNA Sequencing Market Characteristics
- DNA Sequencing Market Trends And Strategies
- DNA Sequencing Market – Macro Economic Scenario
5.1. Global DNA Sequencing Market Drivers and Restraints
- DNA Sequencing Market Segmentation
- DNA Sequencing Market Regional And Country Analysis
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- Brazil DNA Sequencing Market
- Middle East DNA Sequencing Market
- Africa DNA Sequencing Market
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