The Global DNA Sequencing Market is a leading source of growth-based growth and innovation. The market is expected to be led by consumable products, in terms of both size and growth during the forecast period (2018-2023). This is the extensive use of consumables for sample preparation, cluster generation, and other processes during the race of experiments.
DNA sequencing makes use of various technological platforms for fragmentation and sequencing studies. These methods include sequence sequencing, ion sequencing, sequencing by ligation, pyrosequencing, single-molecule-real-time sequencing, chain termination sequencing, and nanopore sequencing. Sequencing by synthesis is the most widely used platform in sequencing protocols and is the largest contributor to the DNA sequencing market, on the basis of product type. The category is also expected to grow during the period.
Globally, North America holds the largest share in the global market, and is one of the largest markets in the world and one of the largest markets in the world. Conversely, Asia-Pacific is expected to witness the fastest growth in demand during forecast period. The major factors driving the market demand in Asia-Pacific are increasing awareness of DNA sequencing, in the adoption of advanced technology for clinical applications.
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The DNA Sequencing Industry Provides Huge Opportunities for New Players to Grow, Due to the Emergence of Latest Innovative Technology in the Market. Subsequently, the key players are also exploring opportunities by leveraging their precedence in advancement. The advent of next generation DNA sequencing (NGS) also provides opportunities for the market players to grow in the future.
Some of the key players in the global market include Illumina, Inc., Pacific Biosciences of California, Inc., Siemens AG, ZS Genetics, Inc., Abbott Laboratories, Li-Cor, Inc., F. Hoffmann-La Roche Ltd., Oxford Nanopore Technologies and Agilent Technologies, Inc.