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How has the dna sequencing market size evolved in recent years?

In the past few years, there has been considerable growth in the DNA sequencing market size. It is projected to increase from $13.77 billion in 2024 to $15.84 billion in 2025, with a compound annual growth rate (CAGR) of 15.1%. Factors contributing to the growth during the historical period include the human genome project, reduced costs, the enlargement of biomedical research, improved clinical diagnostic practices, and the requirements of pharmaceutical R&D.

What are the predictions for the dna sequencing market size in the coming years?

The industry of DNA sequencing is projected to expand rapidly in the upcoming years, reaching a value of $29.16 billion in 2029 with a CAGR of 16.5%. The surge expected during the prediction timeline is due to several factors such as advancements in next-generation sequencing (NGS), point-of-care sequencing, initiatives in population genomics, the integration of artificial intelligence and machine learning, and the adoption of precision medicine. Key trends anticipated in the forecast period encompass the progress in single-cell sequencing, attention to epigenetics and transcriptomics, advancements in liquid biopsy, and considerations of ethics and privacy, along with the incorporation of nanotechnology.

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What key factors are fueling the growth of the dna sequencing market?

The escalating incidence rates of cancer is projected to fuel the DNA sequencing market’s expansion in the future. Cancer is characterized by unrestrained cellular growth affecting different organs, resulting in substantial worldwide morbidity and mortality. DNA sequencing is vital in detecting genetic aberrations, comprehending tumor biology, and steering therapy decisions, thereby enhancing cancer care results. For instance, data from the American Cancer Society, a US-based nonprofit organization advocating for cancer, indicated a surge in cancer cases to 2,001,140 in January 2024 from 1,958,310 in 2023, marking a 2.19% growth. Consequently, the rising incidence of cancer is stimulating the DNA sequencing market’s advancement.

How is the global dna sequencing market divided into key segments?

The DNA sequencing market covered in this report 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

Subsegments:

1) By Instruments: Next-Generation Sequencing (NGS) Systems, Sanger Sequencing Systems, Single-Molecule Sequencing Instruments

2) By Consumables: Reagents, Kits, Chips And Flow Cells

3) By Services: Sequencing Services, Data Analysis Services, Bioinformatics Services

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Who are the key firms paving the way for growth in the dna sequencing market?

Major companies operating in the DNA sequencing market include 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., SeqOnce Biosciences Inc.

Which trends are expected to transform the dna sequencing market?

The DNA sequencing market is seeing an increase in popularity for single-cell DNA sequencing advancements. Market leaders are exploring these new technologies to maintain their market dominance. An example of this is the US-based biotechnology company, Mission Bio Inc., who introduced Tapestri v3 in May 2023. This upgraded version of high-throughput single-cell DNA and multi-omics analysis platform offers groundbreaking advancements in chemistry, significantly boosting the detection of rare cells across a range of applications. Tapestri v3 presents superior cell-capturing capabilities, letting researchers discover deficient quantities of solo cells that were previously hidden. This enhances disease comprehension at a deeper level. This superior technology is particularly useful in fields like cancer’s measurable residual disease (MRD) assessment, where Tapestri v3 allows for the discovery of previously undetected relapse-driving clones. Additionally, it provides advantages to cell and gene therapy developers through quality evaluations at the single-cell level.

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What regions are contributing significantly to the growth of the dna sequencing market?

North America was the largest region in the DNA sequencing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the DNA sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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