The global DNA Sequencing Market is forecasted to reach USD 11.28 Billion by 2027, according to a new report by Reports and Data. The market for DNA sequencing is experiencing high demand owing to its applications in biomarker discovery, personalized medicine, oncology studies, forensics, and others. Its demand has increased due to a surge in sequencing applications and advancement in technology in DNA sequencing. Growth in R&D investment is also encouraging the growth of the market.
Other factors propelling the demand for the market are growing partnerships and collaboration among market players and a rise in genome mapping programs all across the globe. Increased investment in research and development activities provides a lucrative opportunity for the industry. However, standardization concerns and legal & ethical limitations accredited with DNA sequencing hamper the demand for the market.
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Leading Players Profiled in the Report Include:
Thermo Fisher Scientific, Inc., Agilent Technologies, QIAGEN, Illumina, Inc., F. Hoffmann-La Roche Ltd., Macrogen, Inc., Oxford Nanopore Technologies, Pacific Biosciences Of California, Inc., Perkin Elmer, Inc., and Bio-Rad Laboratories, Inc., among others.
The COVID-19 impact:
The distribution of Covid-19’s has influenced industrial activities worldwide. Pharma company manufacturers are at the forefront of human response to the COVID-19 pandemic. An increase in the number of biotech firms to explore and develop a vaccine for the virus has developed a strict competition. DNA sequencing is playing a crucial role in the development of therapies for chronic diseases at an unprecedented rate, and a substantial amount of funds are being put into the research and development of the market product. The market will witness an increased demand in the coming years.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data has segmented into the Global DNA Sequencing Market on the basis of product and services, technology, application, end-user, and region:
Product and Services Outlook (Revenue, USD Billion; 2017-2027)
Technology Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
End-User Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. DNA Sequencing Market Segmentation & Impact Analysis
4.1. DNA Sequencing Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rise in incidence of genetic disorders and cancer
4.2.2.2. Technological advancements in sequencing techniques and data integration
4.2.2.3. Declining cost of genetic sequencing
4.2.3. Market restraints analysis
4.2.3.1. Limitations associated with DNA sequencing
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
Continued……
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