Overview and Scope
DNA sequencing refers to determining a DNA molecule’s precise order or sequence of nucleotides (adenine, cytosine, guanine, and thymine). It is a fundamental molecular biology and genetics technique that allows scientists to unravel the genetic code within an organism’s DNA.
Sizing and Forecast
The dna sequencing market size has grown rapidly in recent years. It will grow from $11.84 billion in 2023 to $13.68 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to human genome project, cost reduction, biomedical research expansion, clinical diagnostics adoption, pharmaceutical r&d needs.
The dna sequencing market size is expected to see rapid growth in the next few years. It will grow to $24.49 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to next-generation sequencing (ngs) advancements, point-of-care sequencing, population genomics initiatives, ai and machine learning integration, precision medicine adoption. Major trends in the forecast period include single-cell sequencing advancements, epigenetics and transcriptomics focus, liquid biopsy development, ethical and privacy considerations, integration of nanotechnology.
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Segmentation & Regional Insights
The dna sequencing market covered in this report is segmented –
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
1) By End User: Hospitals And Healthcare Organizations, Academics And Research Institutions, Pharmaceutical And Biotechnology Companies, Other End Users
North America was the largest region in the DNA sequencing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dna sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the dna sequencing market report are F. Hoffmann-La Roche Ltd, Abbott Laboratories Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, Siemens Healthineers AG, Eurofins Scientific SE, Agilent Technologies Inc., Illumina Inc., PerkinElmer Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., BGI Genomics, Myriad Genetics Inc., Natera Inc., 10x Genomics Inc., GenScript Biotech Corporation, Novogene Corporation, Twist Bioscience, Genewiz LLC, Oxford Nanopore Technologies Ltd., Pacific Biosciences of California Inc., Macrogen Inc., LI-COR Inc., MGI Tech Co. Ltd., Zymo Research Corporation, Igenomix, Codex DNA, GenapSys Inc., SeqOnce Biosciences Inc.
The dna sequencing market report table of contents includes:
1. Executive Summary
2. DNA Sequencing Market Characteristics
3. DNA Sequencing Market Trends And Strategies
4. DNA Sequencing Market – Macro Economic Scenario
5. Global DNA Sequencing Market Size and Growth
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32. Global DNA Sequencing Market Competitive Benchmarking
33. Global DNA Sequencing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The DNA Sequencing Market
35. DNA Sequencing Market Future Outlook and Potential Analysis
36. Appendix
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