DNA Sequencing is the type of biochemical method in which DNA strands can be sequenced through massive parallelization. High accuracy, high speed, low cost, and precise results from low sample input are the advantages of gene sequencing. DNA sequencing is classified according to two technologies such as chain terminator DNA sequencing, and next generation DNA sequencing.
Increase in technological advancements in DNA sequencing is expected to boost the global DNA sequencing market growth. Furthermore, rise in usage of gene sequencing technique in forensic lab will have positive impact on global DNA sequencing market growth.. Moreover, increase in demand of DNA sequencing in genomics research is expected to fuel the global DNA sequencing market growth.
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However, huge maintenance cost is the major restraining factor which is expected to hinder the growth of global DNA sequencing market. Also, government regulations and policies of various countries will affect the global DNA sequencing market growth.
Global DNA Sequencing Market Segmentation
Global DNA Sequencing Market is segmented into types such as, Services, Instruments and Consumables and Workflow Products. Further, Global DNA Sequencing Market is segmented into technology such as Next Generation DNA Sequencing, and Chain Terminator DNA Sequencing by application such as Oncology Studies, Personalized Medicines Biomarker Discovery, , Forensics, and Others.
Also, Global DNA Sequencing Market is segmented on the basis of five regions such as North America, Latin America, , Asia Pacific, Europe and Middle East and Africa.
The Global DNA Sequencing Market has been examined for the forecast period by considering Porter’s Five Force Model for the review period of 2020 to 2027. In addition, a detailed SWOT analysis has been conducted for an accurate understanding of the various factors influencing the Global DNA Sequencing Market.
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Global DNA Sequencing Market Key Players
Various key players are discussed in this report such as ZS Genetics, Siemens AG, Myriad Genetics, Microchip Biotechnologies, Integrated DNA Technologies, Hamilton Thorne Biosciences, Agilent Technologies, Abbott Laboratories, GE Healthcare Lifesciences, Bayer Corporation, and Johnson and Johnson.
However, the Global DNA Sequencing Market is quite fragmented and it is a tough competition which is going on, owing the presence of various established names vying for the top position. The target market is also witnessing an ingress of new entrants who are posing challenges to established names with tactical moves like product innovation & new product portfolios. Major companies are countering these challenges by having their own collaboration, merger, acquisition, and other strategies. The Global DNA Sequencing Market report is also keeping an eye on the geographies to understand demographical features.
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