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 According to The Business Research Company’s DNA Sequencing Global Market Report 2023, the worldwide DNA sequencing market is projected to increase from $10.24 billion in 2022 to $11.84 billion in 2023, with a 15.6% CAGR. It is anticipated to reach $20.9 billion in 2027, maintaining a 15.3% CAGR.

What was the major driver in the DNA sequencing market?
The rising cancer rates drive the DNA sequencing market. Cancer, uncontrolled cell growth affecting organs, causes substantial global morbidity and mortality. DNA sequencing is vital for detecting genetic mutations, understanding tumor biology, and guiding treatment decisions, enhancing cancer care outcomes. In October 2022, Macmillan Cancer Support, a UK-based healthcare charity, reported 3 million people with cancer in 2020, projected to reach 3.5 million by 2025, 4 million by 2030, and 5.3 million by 2040, underscoring the market’s growth tied to increasing cancer prevalence.

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What was the key trend in the DNA sequencing market?
Single-cell DNA sequencing advancements are a notable trend in the DNA sequencing market. Leading companies are adopting new technologies to maintain their market position. In May 2023, Mission Bio Inc., a US biotech firm, launched Tapestri v3, an improved high-throughput single-cell DNA and multi-omics analysis platform. It enhances rare cell detection and allows researchers to uncover previously undetectable cells, aiding disease understanding, measurable residual disease (MRD) assessment in cancer, and cell and gene therapy quality assessment.

Which was the largest region in the DNA sequencing market?
North America was the largest region in the DNA sequencing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in DNA sequencing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the DNA sequencing market prominent players?
Major players in the DNA sequencing market are F. Hoffmann-La Roche Ltd, Abbott Laboratories Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, Siemens Healthineers AG, Eurofins Scientific SE, Agilent Technologies Inc., Illumina Inc., PerkinElmer Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., BGI Genomics, Myriad Genetics Inc., Natera Inc., 10x Genomics Inc., GenScript Biotech Corporation, Novogene Corporation, Twist Bioscience, Genewiz LLC, Oxford Nanopore Technologies Ltd., Pacific Biosciences of California Inc., Macrogen Inc., LI-COR Inc., MGI Tech Co. Ltd., Zymo Research Corporation, Igenomix, Codex DNA, GenapSys Inc., and SeqOnce Biosciences Inc.

Key DNA sequencing market segments
The global DNA sequencing market is segmented –
1) By Product: Instruments, Consumables, Services
2) By Technology: Third Generation DNA Sequencing, Next-Generation Sequencing, Sanger Sequencing
3) By Application: Diagnostics, Biomarkers And Cancer, Reproductive Health, Personalized Medicine, Forensics, Other Applications
4) By End User: Hospitals And Healthcare Organizations, Academics And Research Institutions, Pharmaceutical And Biotechnology Companies, Other End Users

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The DNA Sequencing Global Market Report 2023  provides a comprehensive overview on the DNA sequencing market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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