Global genome sequencing market is expected to rise to an estimated value of USD 47.97 billion by 2026 registering a substantial CAGR of 13.95% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising government spending, rise in the applications of genomics and the declining sequencing costs. The genome sequencing market research report presents a clear and concise picture of market which essentially helps the clients to grow in this highly competitive market. In this way, genome sequencing market report is helpful to the clients in a wide assortment of activities, which incorporate deals anticipating; estimating market share; recognizing business sector patterns; estimating brand pictures; creating customers profiles; planning products and bundling; dissecting demand; estimating value discernments and learning publicizing viability. The genome sequencing report helps the clients to stay ahead in the competition. The researchers tried their best to prepare this report which brings out the appropriate recommendations or suggestions for the clients.
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Genome sequencing is the process of mapping and sequencing of the unique DNA of a person. Genome represents the entire blueprint of a person’s human body. Genome sequencing helps to identify any significant variations in the genes, which are a bundle of DNA, in a person’s body which can cause a disease or increase the likelihood of a disease. It can be used to find out genome information about almost anything including bacteria, plants, and animals. It has its wide applicability in the medicine and pharma industry.
Increased funding and initiative by the government to promote genome sequencing and its varied applicability in numerous projects accelerates the growth of this market
Reduction in the costs of genome sequencing further boosts the growth of this market
Growing applicability of genomes in various areas including diagnosis, animal research, agriculture, drug discovery, food and beverages etc.
With changing environment of operations and advancements in technology, several new opportunities have been created thereby leading to the entry of new players and start-ups that would foster the growth of this market
The genome sequencing market report furnishes the clients with all the significant information about the present happenings in the genome sequencing market and makes the firm recognize and handle issues related to launching of new products. It includes gathering of essential data related to genome sequencing market and this data is gathered by utilizing the primary and secondary research techniques. And for better comprehension, the data encapsulated in this report is technically accurate and understandable. The genome sequencing market report gives information about potential or future markets. Few of the major market competitors currently working in the genome sequencing market are Thermo Fisher Scientific, Illumina, Inc., QIAGEN, Eurofins Scientific, Agilent Technologies, Inc., Oxford Nanopore Technologies., F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories, Inc., BGI, Danaher., GENERAL ELECTRIC COMPANY, Eppendorf AG, Abbott, LI-COR, Inc., Siemens, PerkinElmer Inc., Macrogen Inc., DNASTAR, Geneious, Myriad Genetics, Inc., amongst others.
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Segmentation: Global Genome Sequencing Market
By Product and Services
Systems & Software
Nucleic Acid Extraction & Purification
Drug Discovery & Development
Agriculture & Animal Research
By End User
Academic & Government Institutes
Hospitals & Clinics
Pharmaceutical & Biotechnology Companies
Other End Users
North America (U.S., Canada, Mexico)
South America (Brazil, Argentina, Rest of South America)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)
Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)
Key Developments in the Market:
In November 2018, Illumina Inc., the genome sequencing giants acquires Pacific Biosciences, a developer and manufacturer of gene sequencing. With this acquisition it would combine its own short genome/DNA sequencing with the long-read sequencing technology of Pacific Biosciences in order to maintain its dominant position in the genomes market, and continue to remain the market leader. With this, it would be able to enter into a new market especially in the areas of rare and undiagnosed diseases, thereby expanding its customer base and providing innovative solutions and services to its clients.
In June 2017, GATC Biotech AG, a leading company in genome sequencing was acquired by Eurofins, the global pioneering leader in bio-analytical testing including DNA, genome testing. With this acquisition Eurofins would expand its product portfolio and better serve its present and future clients by strengthening its genomics and genomic sequencing testing by acquiring the market leader in genomes.
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