The global DNA sequencing products market size reached US$ 6.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.4 Billion by 2028, exhibiting a growth rate (CAGR) of 9.76% during 2023-2028.
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2. Report Description
About IMARC Group
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3. Report Description
Report Description and Highlights
Global DNA Sequencing Products Market Research Report:
The latest report by IMARC, titled “DNA Sequencing Products Market: Global Industry Trends, Share,
Size, Growth, Opportunity and Forecast 2023-2028” the global DNA sequencing products market size
reached US$ 6.3 Billion in 2022.
DNA sequencing products are sophisticated scientific tools and services used to determine the order of
nucleotide bases, including adenine, guanine, cytosine, and thymine, in a DNA molecule. This
fundamental biological process involves various methods and technologies, including Sanger
sequencing, next-generation sequencing (NGS), and third-generation sequencing, to produce accurate
genomic data. They come in a wide array of forms, such as instruments, reagents, consumables, and
software, that are instrumental in conducting this complex process. They form an essential part of
laboratories, research institutions, and clinics around the globe, aiding in genetic research, disease
diagnosis, personalized medicine, and other medical and scientific endeavors. The information gleaned
from DNA sequencing has become vital to modern biology and medicine, revolutionizing our
understanding of genetics and its impact on human health and disease.
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4. Report Description
Report Description and Highlights
Global DNA Sequencing Products Market Trends:
The global DNA sequencing products market is experiencing robust growth driven by the escalating prevalence of
genetic diseases. Along with this, the growing focus on personalized medicine, which requires comprehensive genetic
analysis provided by DNA sequencing, is significantly supporting the market. Also, the continued advancements in
sequencing technologies have made the process faster, more affordable, and more accurate, boosting its uptake in
various sectors. In addition, the rise in genomic research activities across the globe, underpinned by the growth in
funding for genomics-based research projects, is fueling the demand for DNA sequencing products.
Apart from this, the escalating interest in precision medicine and biomarker discovery is also contributing to the
market growth. Another notable trend is the increased adoption of NGS technologies, which offer high throughput
sequencing at a lower cost per base, paving the way for large-scale genomics projects. Furthermore, the emergence
of cloud-based solutions for the storage and analysis of sequencing data is propelling the market forward. Looking
forward, the market value is projected to reach US$ 11.4 Billion by 2028, expanding at a CAGR of 9.76% during 2023-
2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period
(2023-2028).
5. Report Description
Report Description and Highlights
Key Market Segmentation
The research report includes the following segments:
Breakup by Product Type:
•Consumables and Reagents
•Equipments
Breakup by Application:
•Biomarkers
•Diagnostics
•Reproductive Health
•Forensics
•Personalized Medicine
•Others
Breakup by End-User:
•Academic and Government Research Institutes
•Pharmaceutical and Biotechnology Companies
•Hospitals and Clinics
6. Report Description
Report Description and Highlights
•Others
Breakup by Region:
•North America
•Europe
•Asia Pacific
•Latin America
•Middle East and Africa
7. Competitive Landscape with Key Players:
• Illumina Inc.
• Thermo Fisher Scientific Inc.
• F. Hoffmann-La Roche Ltd.
• Pacific Biosciences of California. Inc.
• Beckman Coulter
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market
Report Description
Report Description and Highlights
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Partial List of Clients
9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients