DUBLIN--(BUSINESS WIRE)--The "DNA Sequencing Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global DNA sequencing products market reached a value of US$ 3 Billion in 2017. On account of the below factors, the market is expected to reach a value of US$ 9 Billion by 2023, exhibiting a CAGR of around 19% during 2018-2023.
The Human Genome Project (HGP) was the first joint initiative by various organizations to map the human genome which took nearly 13 years to complete along with a huge investment. Since the completion of this project, a major transformation has been witnessed in the DNA sequencing technologies.
New-age technologies have been developed such as 454 sequencing or Illumina sequencing which involve low cost and deliver results in shorter period of time. Owing to the declining costs of sequencing, many countries are investing in the process which impels the growth prospects of the market. Further, the market is anticipated to be boosted by the rising demand for personalized medicines.
The report has segmented the global DNA sequencing products market on the basis of product type. Currently, consumables and reagents dominate the market, followed by equipment.
The market is also segregated on the basis of applications covering research organizations, and hospitals, pharmaceutical and life science companies. The research organizations sector is the largest application area, accounting for the majority of the global share.
Region-wise, North America is the leading market for DNA sequencing products. It is followed by Europe, Asia Pacific, Latin America, and Middle East and Africa.
- Illumina Inc.
- Thermo Fisher Scientific Inc.
- Roche Diagnostics
- Pacific Biosciences of California Inc.
- Beckman Coulter
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global DNA Sequencing Products Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Market Breakup by End-User
9 Market Breakup by Region
10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/g8ll4t/global_dna?w=4