A research study titled, DNA Sequencing Market by Product and Application - Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the DNA sequencing market is projected to be around $26 billion by 2025.
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DNA is a hereditary material which contains genetic instructions such as functioning and development of living organisms. It is made up of molecules called as nucleotides which contain a sugar group, a phosphate group, and a nitrogen base. There are four types of nitrogen bases, namely, adenine, guanine, cytosine and thymine. The process of determining the sequence of these nucleotides is known as DNA sequencing. DNA sequencing proves to be of use in forensic research and studying the fundamental processes.
The DNA sequence which contains genetic instructions to make a protein is known as gene. DNA has double helical structure with two strands running in opposite directions. Each step of the ladder is made up of two nitrogen bases which are paired together by hydrogen bonds. In DNA, base A will always pair with base T, and base C will always pair with G. There are three types of DNA sequencing techniques, namely, Sanger sequencing, next generation sequencing, and third generation sequencing. DNA sequencing has a very important role in the field of agriculture. To increase the resistance against insects and to increase the productivity, specific genes of some bacteria are used. In medical field, DNA sequencing can be used to determine the faulty genes.
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The major factor that drives the DNA sequencing market is increasing R&D activities by partnering of the pharmaceutical companies with research institutions. For instance, in April 2016, AstraZeneca launched a project to sequence 2 million genomes by partnering with research institutions which include the Well come Trust Sanger Institute and Human Longevity. Moreover, technological advancements will also fuel the growth of this market.
Major Market Players:
Some of the key players operating in the global DNA sequencing market are, Pacific Biosciences of California, Inc., Integrated DNA Technologies, Inc., Hamilton Thorne, Inc., Abbott Laboratories Inc., Myriad Genetics, Inc., Agilent Technologies Inc., General Electric Company, ZS Genetics, Beckman Coulter, Inc. (a part of Danaher Corporation), Commonwealth Biotechnologies, Inc., Siemens AG, Bayer AG and LI-COR, Inc.
Key Findings of the Research Study:
Consumables segment held a major share of the DNA sequencing market in 2016 due to their large scale utilization throughout the DNA sequencing process.
Sequencing by synthesis segment held a substantial segment of the overall market with respect to technology in 2016 due to widespread applications of the technology in various DNA sequencing platforms.
The personalized medicine application segment is anticipated to exhibit a fast growth throughout the forecast period due to rising demand for personalized and patient centric healthcare.
North America accounted for the largest share of the global market in 2016 owing to the availability of advanced R&D infrastructure in the region along with large scale funding for DNA research applications.
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About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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