In this report, Technavio covers the market outlook and growth prospects of the global DNA sequencing products market for 2016-2020. To calculate the market size, the report considers revenue generated from the sale of equipment, reagents, and consumables used in DNA sequencing.
“Advances in the applications of genome sequencing in molecular biology and biomedical research have helped scientists study some of most complex biological processes such as human brain function and disease predisposition. With reduction in the cost of genome sequencing, many medical facilities and research laboratories will start adopting DNA sequencing systems. This will consequently lead to the rapid growth of the global DNA sequencing products market in the coming years,” says Barath Palada, a lead analyst at Technavio for research on life science research tools.
Technavio’s research study segments the global DNA sequencing products market into the following regions:
Americas: largest market for DNA sequencing products
The DNA sequencing products market in the Americas is dynamic, with the presence of more than 20 established companies that compete for the sales of these products. “Many vendors are receiving CLIA certification for developing DNA sequencing products, some of which include Illumina, GE Healthcare, Expression Analysis, and Ambry Genetics. This will lead many vendors to develop advanced products and entering the market during the forecast period,” says Barath.
The global DNA sequencing products market presents significant opportunities for vendors, particularly in the US, as clinical laboratories and pharmaceutical companies are extensively adopting DNA sequencing technologies. The incidence of chronic diseases such as Alzheimer's disease, multiple sclerosis, autoimmune diseases, and cancer is on the rise in the region. For instance, in 2014, the Alzheimer's Association in the US estimated that 4.69 million people aged 65 and above have Alzheimer's disease, which increased to 5.2 million in 2015. DNA sequencing products help in analyzing the affected genes, leading to faster drug discovery and improved development of personalized medicine.
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DNA sequencing products market in EMEA
The market in EMEA will grow at a rapid pace during the forecast period. Germany, France, and Italy in Western Europe dominated the market in this region in 2015. In these countries, vendors are developing non-invasive prenatal testing and comprehensive oncology panels that require DNA sequencing products for accurate results.
However, reimbursement policies governing DNA sequencing products are uncertain, as public and private players in this region are undecided as to when to provide insurance coverage. The fundamental right of European citizens to access cross-border healthcare treatment makes the reimbursement scenario difficult for the market players. This has led to a geographical disparity in the availability of DNA sequencing test, which is further preventing medical facilities from implementing associated technologies. In countries such as Kenya and South Africa, only a few laboratories conduct DNA sequencing research due to limited government funding. This has led to decreased implementation of DNA sequencing products in MEA.
DNA sequencing products market in APAC
The DNA sequencing products market in APAC was valued at USD 428.8 million in 2015 and will reach USD 1.01 billion by 2020, growing at a CAGR of 18.92%.
The market in APAC will grow at a rapid pace during the forecast period. In countries such as Japan, China, and India, the use of DNA sequencing products is increasing. This is because the governments and private companies are establishing new research laboratories for new drug discoveries in medical areas such as oncology. For instance, the Beijing Genomics Institute in China has the world's highest sequencing capacity, with more than 150 units of DNA sequencers.
Some of the top vendors in the global DNA sequencing products market highlighted in the report are:
- Thermo Fisher Scientific
- Roche Diagnostics
- Pacific Biosciences
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