DNA Sequencing Market will register a CAGR of 19% during 2020-2024. The market’s growth momentum will Accelerate.
Growing adoption of NGS | Increasing affordability of DNA sequencing | Expanding applications of DNA sequencing will be one of the major factors driving the growth of this market. Additionally, key DNA Sequencing Market trends such as the Emergence of third-generation sequencing methods | Development of sophisticated bioinformatics tools for NGS | Automation of DNA Sequencing will also influence market growth during the forecast period.
DNA Sequencing Market Size
During the forecast period, the DNA Sequencing Market size will grow by $ 17.92 bn.
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DNA Sequencing Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the DNA Sequencing Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Inadequate resources for DNA sequencing in developing countries | Limitations of DNA sequencing technologies | Unfavorable reimbursement scenario will also challenge the growth of the companies.
Agilent Technologies Inc. | BGI Genomics Co. Ltd. | Bio-Rad Laboratories Inc. | Danaher Corp. | Eurofins Scientific SE | F. Hoffmann-La Roche Ltd. | Illumina Inc. | PerkinElmer Inc. | QIAGEN NV | Thermo Fisher Scientific Inc..list
are some of the companies covered in Technavio’s DNA Sequencing Market report for 2021-2025.
DNA Sequencing Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the DNA Sequencing Market.
The North America will account for the largest DNA Sequencing Market share and during 2021-2025, the region will contribute to 33% of the market’s growth.
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