DNA Sequencing Market Pegged for Robust Expansion by 2024
Global DNA Sequencing Market: Synopsis
The global DNA sequencing market is projected to achieve an impressive growth rate on the back of its extensive usage in a number of applications and ease of adoption with the emergence of innovative technologies in the field. A DNA sequencing Android app named GelApp 2.0 has been recently introduced with a 56.0% greater band detection accuracy for proteins and 36.0% for DNA than its original version. The interesting, rather most innovative, part of the app’s development procedure was the implementation of Monte Carlo Tree Search, a gaming algorithm, for cutting-edge image processing.
With a healthy CAGR of 17.5%, the worldwide DNA sequencing market is foretold to expand substantially from an estimated US$6.6 billion in 2016.
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The segmentation followed in this global DNA sequencing report touches four important parameters, including technology. With the help of such critical market segmentation, the analysts have provided a comprehensive study of the global market and significant segments that are envisaged to make a statement in the near future. An illustrative portion on SWOT analysis of the chief segments of the DNA sequencing sector, including characteristic graphics, helps to easily analyze the future outlook of the market.
The report on the international DNA sequencing market takes into account the industry growth drivers, challenges for market players, and current trends impacting the industry. With such conclusive data and accurate statistics, report buyers can devise result-oriented strategies to secure a competitive place in the global market. An in-depth evaluation of the key factors of the market illustrated in the report is a crucial stepping stone to make important business decisions.
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Global DNA Sequencing Market: Trends and Opportunities
New market players are envisioned to get attracted to the global DNA sequencing market as technological innovations keep taking precedence. Besides this, established players can expect to leverage new opportunities in the market with sophisticated technologies such as chain terminator DNA sequencing and next generation DNA sequencing. Vendors can also find lucrative opportunities in the clinical field as DNA sequencing is highly demanded in numerous clinical applications.
Next generation DNA sequencing, particularly, is receiving high attention with the providence of novel platforms from the ongoing quantum leaps in microfluidics, bioinformatics, nanotechnology, and imaging. Such breakthroughs are also predicted to revolutionize a number of life science fields, thus providing an easy path of growth for the global market.
The services segment of the international DNA sequencing market had secured a colossal share in 2016 while instruments and consumables was one of the most rapidly growing segments in the same year.
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Global DNA Sequencing Market: Geography
Considering the most critical geographical regions as a base, the analysts have offered an all-encompassing interpretation of the global DNA sequencing market. North America, Europe, Asia Pacific, and Rest of the World are the major geographies studied in the report. North America could hold a momentous share in the global market while Asia Pacific is anticipated to take advantage of the demand for personalized medicine and higher awareness.
Global DNA Sequencing Market: Company Profiling
Among other prominent players in the global DNA sequencing market, Microchip Biotechnologies, Beckman Coulter (Fullerton, CA), Abbott Laboratories, GE Healthcare Life Sciences, Johnson & Johnson, Commonwealth Biotechnologies, ZS Genetics, Agilent Technologies, Siemens AG, Pacific Biosciences, Myriad Genetics, Bayer Corporation, Integrated DNA Technologies, 454 Life Sciences, Hamilton Thorne Biosciences, and LI-COR Biosciences (Lincoln, NE) are expected to make their presence known.
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