The DNA Sequencing Market is expected to develop at an impressive rate from 2021 to 2031, when it is expected to reach a value of $52,278.1 million. This projection assumes a strong annual growth rate of 15.4%. The proliferation of large-scale sequencing initiatives supported by significant governmental funding agencies, the rise in chronic disease prevalence, and the expanding use of DNA sequencing in animal and plant reproduction are the primary causes of this upsurge.

Genomic research has been transformed by improvements in DNA sequencing technologies, which have given scientists and medical practitioners new insights into the human genome and unlocked crucial data for illness diagnosis and treatment. Precision agriculture, genomic-based drug development, and personalised medicine have all benefited from the combination of next-generation sequencing (NGS) technology and cutting-edge bioinformatics tools. Additionally, the assistance given by significant government funding organisations for extensive sequencing initiatives has sped up the adoption of DNA sequencing across numerous industries, fueling market expansion.

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There is an urgent demand for precise and quick DNA sequencing solutions since chronic diseases including cancer, genetic disorders, and rare diseases are becoming more common. In the diagnosis, prognosis, and monitoring of the effectiveness of treatments for diseases, DNA sequencing is essential. The market has grown even more as a result of the rising uses of DNA sequencing in crop improvement, selective breeding, and trait identification in plants and animals. DNA sequencing has become an essential tool in the industry due to the ability to analyse and change genetic information, which has created new opportunities for improving the productivity and sustainability of agriculture.

In conclusion, the worldwide DNA sequencing market is anticipated to increase significantly and reach $52,278.1 million in revenue by 2031. The market is developing as a result of technological improvements, the backing of significant government funding agencies, the rise in chronic illness prevalence, and the expanding use of DNA sequencing in healthcare and agriculture. Market participants are working hard to improve sequencing technology and take advantage of the enormous potential of genomics-based solutions.

Highlighted with 81 tables and 89 figures, this 164-page report “Global DNA Sequencing Market 2021-2031 by Offering (Instruments, Consumables, Services), Sequencing Type (Sanger, Next-Gen, Others), Technology (Sequencing by Synthesis, Ion Semiconductor, Chain Termination, Pyrosequencing, SBL, SMRT), Application (Biomarker Discovery, Diagnostics, Personalized Medicine, Reproductive Health, Forensics), End User (Research Organizations, Pharma and Biotech Companies, Hospitals & Clinics), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global DNA sequencing market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)Global DNA Sequencing market will reach $ 13,291.3 million by 2031, growing by 6.4% annually over 2021-2031, driven by the rising incidences of cardiac disorders and lifestyle related diseases, constantly increasing incidences of casualties due to cardiovascular diseases (CVDs), the increase in geriatric population coupled with behavioral risk factors such as rise in alcohol consumption and smoking, technological advancement and innovations, and the increasing healthcare expenditure.

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https://www.marketwatch.com/press-release/global-dna-sequencing-market-it-is-expected-to-reach-a-value-of-522781-million-growing-by-154-cagr-2023-06-02?mod=search_headline

In-depth qualitative analyses include identification and investigation of the following aspects:

Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global DNA sequencing market in every aspect of the classification from perspectives of Offering, Sequencing Type, Technology, Application, End User, and Region.

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Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

Instruments
Consumables
Sequencing Services

Based on Sequencing Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

Sanger Sequencing
Next Generation Sequencing
Other Sequencing Types

By Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

Sequencing by Synthesis
Ion Semiconductor Sequencing
Chain Termination Sequencing
Pyrosequencing
Sequencing by Ligation (SBL)
Single-Molecule Real-Time Sequencing (SMRT)
Nanopore Sequencing
Other Technologies

By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

Biomarker Discovery
Diagnostics
Personalized Medicine
Reproductive Health
Forensics
Other Applications

By End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

Academics and Research Organizations
Pharmaceutical and Biotechnology Companies
Hospitals & Clinics
Other End Users

Geographically, the following regions together with the listed national/local markets are fully investigated:

North America (U.S., Canada, and Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (UAE, Saudi Arabia, South Africa, Other Nations)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of key national markets by Offering, Sequencing Type and End User over the forecast years are also included.

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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Agilent Technologies Inc.

BGI Genomics Co., Ltd.

Bio-Rad Laboratories Inc.

Danaher Corporation (Integrated DNA Technologies Inc.)

Eurofins Scientific SE

Hoffmann-La Roche Ltd.

Illumina Inc.

Merck KGaA

Pacific Biosciences of California Inc.

PerkinElmer Inc.

Thermo Fisher Scientific Inc.

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