DNA Sequencing Equipment and Services Market Size, Trends, Global Industry Analysis and Forecast to 2024
DNA sequencing equipment, also known as DNA sequencer, is an automated instrument, widely used for the determination of the precise order of nucleotide within a DNA molecule. The instrument reports the text string, technically known as read, in terms of the four bases namely guanine (G), cytosine (C), adenine (A) and thymine (T). DNA sequencer also performs the task of optical instruments, as the machine is capable of analyzing the light signals, which are originated from fluorochromes attached to nucleotides.
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DNA Sequencing Equipment and Services Market Scenario
DNA sequencing equipment and services market is expected to develop at an impressive growth rate during the forecast period (2016–2024), owing to diverse applications that include the detection of the genes responsible for the genetic disorders and diseases such as Alzheimer’s disease and cystic fibrosis. Various factors such as advancements in technology, increasing partnerships and collaborations in order to enhance the research in the field of DNA sequencing also fuel growth of the market. However, the lack of trained professionals along with accuracy concerns may hamper the growth of the market. The market is dominated by the third generation system of direct sequencing of the parent DNA molecule. The technology is exceptionally different from the first and the second generation system, to measure the pyrophosphate synthesis it uses luminescent method. Later Jonathan Rothberg invented the NGS (next-generation sequencing) technology. The developed countries of North America and the European region is dominating the global DNA sequencing market. Moreover due to rapid growth in the economy and awareness Asia Pacific region is expected to have a significant growth during the forecasted period.
DNA Sequencing Equipment and Services Market: Key players
Key players in the global DNA sequencing equipment and services market include Abbott Laboratories, Agilent Technologies, Bayer Corporation, Beckman Coulter, Commonwealth Biotechnologies, GE Healthcare Life Sciences, Hamilton Thorne Biosciences, Johnson & Johnson, Microchip Biotechnologies, Pacific Biosciences, Siemens AG, Thermo Fisher Scientific Inc., and ZS Genetics.
DNA Sequencing Equipment and Services Market Taxonomy
The DNA sequencing equipment and service market are segmented on the basis of product type, technology, application, and geography
On the basis of product type, the DNA sequencing equipment and service market can be classified as: Instruments & Consumables, Services,.
On the basis of technology, the DNA sequencing equipment and service market can be classified as: Sanger sequencing, Next-generation sequencing,.
On the basis of application, the DNA sequencing equipment and service market can be classified as: Medicine, Forensic, Agriculture,.
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As per WHO fact sheets, 1.54 million deaths occurred due to Alzheimer disease and 1 in 6 deaths was reported due to cancer, in 2015. Thus, with the changing era of awareness, the use of DNA sequencing equipment and services is also expected to gain traction in order to detect such deadly diseases and aid their treatment early stages. This creates a highly conducive environment for market growth.
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