DNA Sequencing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029
DNA Sequencing Market: Overview
Since the last decade, technologies and techniques for rapid sequencing of human genomes have made incredible strides. The advent of high-throughput sequencing technologies—sensors and tools—has opened up a vast area of research in human biology, human diseases, and treatment responses in animals. In particular, stakeholders in the DNA sequencing market with the help of newly-commercialized technologies have been able to unearth vast amount of information on genetic and genomic factors underlying diseases.
Over the years, exome sequencing and whole genome sequencing have established their role in clinical applications in population studies. A case in point is the diagnostic application of DNA sequencing in oncology research. Further, advances in DNA sequencing market have helped paved way to understanding the pathogenetic mechanisms of complex diseases such as neurodegenerative diseases. Also, strides in the DNA sequencing market is one of the key accelerators of research of numerous rare diseases.
DNA Sequencing Market: Key Trends
The emergence of new technologies has considerably reduced the cost of new generation sequencing (NGS), opening new vistas in biochemistry and molecular genetics. One of the key trends opening new application area in the DNA sequencing market is the growing use of sensors, increasingly assisted by incredible strides made in nanotechnology and computing. The adoption of NGS has led to massive parallelization of the sequencing process, enabling researchers to read millions of sequences simultaneously.
The DNA sequencing market has witnessed a rapid growth momentum on the back of the adoption of next generation sequencing platforms. Over the years, chip-based genotyping approaches have become increasingly attracted and have been combined with some of the first few generations of sequencing technologies. Further, the market has seen new application areas due to the adoption of NSG for studying cancer genomes in all their variation. In recent years, researchers have shown vast interest in harnessing the potential of third generation of DNA sequencing in diagnosis and therapeutics of cancer. For instance, the use of these technologies for detecting pharmogenetic variants has gathered steam among industry players. The advent of microarray platforms is also a promising development in the DNA sequencing market.
DNA Sequencing Market: Competitive Dynamics
In recent years, industry players and academia have been leaning on leveraging the potential of DNA sequencing platforms in massive human genome studies. Aspiring players are also keen on overcoming the challenges of understand DNA sequence variants related to human diseases. Some industry players are also increasing their bets on single molecule real-time sequencing (SMRT) in a bid to adopt the recent array of DNA sequencing methodologies. A case in point is Pac Bio sequencing.
Some of the lifesciences companies are trying to unlock new potential of NSG in cardiovascular diseases, apart from cancer, in order to gain a competitive edge over others in the DNA sequencing market. Some of the players have recently started breaking the norm. They are providing sequencing service that exceeds the expectation of end users. A case in point is Complete Genomics, Inc. Some of the top players are also eyeing opportunities in the analysis of high-throughput sequence data.
DNA Sequencing Market: Regional Assessment
The DNA sequencing market has seen vast strides in North America and Europe. A growing body of ambitious projects pertaining to NGS is a key trend broadening the canvas for stakeholders in the market. Further, numerous countries in the region have seen players forking out dollars in human genome project aimed toward studying human diseases, particularly cancer and rare diseases. The vast appetite for a wide variety of next generation sequencing technologies has unlocked new potential in countries such as the U.S. Players in these regional market are also keen on adopting new approaches, increasing the role of these markets in the global landscape.
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The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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