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A research study titled, DNA Sequencing Market by Product and Application - Global Industry Analysis and Forecast to 2025â€ published by Crystal Market Research, states that the DNA sequencing market is projected to be around $26 billion by 2025.
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Growth Rate for 2016-2025
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
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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
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:
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market intelligence reports across a broad range of industries including healthcare, chemicals &
materials, technology, automotive, and energy.
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