According to the research report titled ‘GLOBAL Dna Sequencing Market 2021-2028’, available with Market Study Report, global DNA sequencing market is likely to expand at 4.62% CAGR over 2021-2028.
 

Increasing pervasiveness of cancer and technological advancements are the key factors propelling global DNA sequencing market growth. Growing applications of DNA sequencing for animals & plants reproduction are enhancing the overall market outlook. Moreover, extensive research & development in the field and considerable progress in genome mapping programs are adding significant traction to the market development.
 

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Speaking of the factors restraining global DNA sequencing industry development, lack of skilled professionals in emerging countries and challenges associated with technologies in bioinformatics are posing a challenge to businesses in this domain. Additionally, limitations of DNA sequencing technology in diagnostic testing is also hindering the industry remuneration scope.
 

Based on product type, the market is divided into bioinformatics, sequencing services, and instruments & consumables. As per technology, the industry is categorized into sequencing by ligation (SBL), nanopore sequencing, single-molecule real-time sequencing (SMRT), pyrosequencing, chain termination sequencing, ion semiconductor sequencing, sequencing by synthesis, and others.
 

The application reach comprises personalized medicine, agriculture & animal research, drug discovery, reproductive health, diagnostics, biomarker discovery, forensics, and others. Moving on to industry verticals, the market segmentation consists hospitals & clinics, biotechnology companies, pharmaceutical, research centers and academic & government institutes, and others.
 

Geographically, Asia Pacific DNA sequencing industry value is projected to grow tremendously through 2028, creditable to increasing number of applications of the technology, like animal breeding and agriculture. In fact, agriculture is a major contributor to economic growth in countries such as China, India, and South Korea, among others.
 

Coming to the competitive dashboard, Thermo Fisher Scientific Inc., Spiral Genetics Inc., Siemens Healthineers AG, PerkinElmer Inc., Pacific Biosciences of California Inc., Merck KGaA, Illumina Inc., F. Hoffmann-La Roche Ltd., Eurofins Scientific SE, Danaher Corporation (Integrated DNA Technologies (IDT)), Bio-Rad Laboratories Inc., BGI Group, Asuragen Inc., Agilent Technologies Inc., and Adaptive Biotechnologies Corporation are the major firms operating in global DNA sequencing market.