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DNA Sequencing Market by Solution and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 135
  • SKU: IRTNTR40874
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The predicted growth of the DNA sequencing market share from 2021 to 2026 is USD 23.56 billion at a progressing CAGR of 20.85%.

This DNA sequencing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The DNA sequencing market report also offers information on several market vendors, including 10X Genomics Inc., Abbott Laboratories, Agilent Technologies Inc., Azenta US Inc., Becton Dickinson and Co., BGI Group, Bio Rad Laboratories Inc., Danaher Corp., Eurofins Scientific SE, F. Hoffmann La Roche Ltd., Illumina Inc., Macrogen Inc., Merck KGaA, Pacific Biosciences of California Inc., PerkinElmer Inc., QIAGEN NV, SeqLL Inc., Tecan Group Ltd., and Thermo Fisher Scientific Inc. among others.

This report extensively covers DNA sequencing market segmentation by the following:

  • Solution - Products and Services
  • Geography - North America, Europe, Asia, and Rest of World (ROW)

What will the DNA Sequencing Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the DNA Sequencing Market Size for the Forecast Period and Other Important Statistics

 

DNA Sequencing Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing adoption of NGS is notably driving the DNA sequencing market growth, although factors such as inadequate resources for DNA sequencing in developing countries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the DNA sequencing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key DNA Sequencing Market Driver

  • One of the key factors driving growth in the DNA sequencing market is the growing adoption of NGS DNA sequencing technology.
  • NGS has made it possible to sequence the entire human genome within one day and revolutionized genomic research.
  • NGS is increasingly used in the diagnosis and treatment of several prevalent chronic diseases such as cancer and infectious diseases.
  • While genome-wide association study (GAWS) could miss out on some potentially dangerous genetic variations, NGS technology can detect sequence variations effectively, and provide several genetic markers, including common and rare variants, further spurring its adoption.
  • With the growing incidence and prevalence of cancer, the adoption of NGC is growing, which in turn is boosting the DNA sequencing market growth.

Key DNA Sequencing Market Trend

  • The emergence of third-generation sequencing methods is a DNA sequencing market trend that is expected to have a positive impact in the coming years.
  • Third-generation sequencing reads the nucleotide sequences at the single-molecule level, without breaking the long strands of DNA into smaller segments; and is rapidly gaining prominence in the market.
  • Third generation sequencing also offers long-thread sequencing without clonal amplification or numerous preparative steps needed for NGS, thus overcoming the limitations of previous generations.
  • Subsequently, third-generation sequencing approaches can harvest genome musters of unprecedented quality. This is encouraging vendors operating in the global DNA sequencing market to explore and conduct R&D into third-generation sequencing and thus expand their market presence. 

Key DNA Sequencing Market Challenge

  • The inadequate resources for DNA sequencing in developing countries will be a major challenge for the DNA sequencing market during the forecast period.
  • Advances in DNA sequencing technologies have improved investigative accuracy and reduced overall sequencing cost significantly, which, in turn, has increased its utilization and expanded its applications.
  • However, DNA sequencing remains largely underutilized in developing countries, leading to limited R and D funding. This can be attributed to factors such as lack of skilled personnel, the high costs associated with establishing and maintaining a sequencing facility, the low quality of outsourcing services, and the limited access to tools for genomic data analysis and manipulation.
  • In developing countries, sequencing instruments may be more expensive than in developed regions due to the additional cost of shipment and customs. Additionally, the lack of proper computational infrastructure and limited operational funding also hinder the growth of the global DNA sequencing market in emerging economies.

This DNA sequencing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global DNA Sequencing market as a part of the global life science tools and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the DNA sequencing market during the forecast period.

Who are the Major DNA Sequencing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 10X Genomics Inc.
  • Abbott Laboratories
  • Agilent Technologies Inc.
  • Azenta US Inc.
  • Becton Dickinson and Co.
  • BGI Group
  • Bio Rad Laboratories Inc.
  • Danaher Corp.
  • Eurofins Scientific SE
  • F. Hoffmann La Roche Ltd.
  • Illumina Inc.
  • Macrogen Inc.
  • Merck KGaA
  • Pacific Biosciences of California Inc.
  • PerkinElmer Inc.
  • QIAGEN NV
  • SeqLL Inc.
  • Tecan Group Ltd.
  • Thermo Fisher Scientific Inc.

 

This statistical study of the DNA sequencing market encompasses successful business strategies deployed by the key vendors. The DNA sequencing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Agilent Technologies Inc. - Agilent Technologies Inc. is a public company headquartered in the US. It is a global company generating $6,319 million in revenues and has around 17,000 employees. Its revenue from the global DNA sequencing market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • Agilent Technologies Inc. - The company offers DNA sequencing and reagent kits such as  SureSelect XT HS2, SureSelectQXT and  SureSelectXT2 .

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The DNA sequencing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

DNA Sequencing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the DNA sequencing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for DNA Sequencing Market?

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38% of the market’s growth will originate from North America during the forecast period. The US is the key market for DNA sequencing in North America. Market growth in this region will be slower than the growth of the market in the European and Asian regions.

The rising incidence of chronic diseases, increasing healthcare expenditure, and the presence of several key vendors in the region will facilitate the DNA sequencing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 outbreak affected the region in three main ways, namely by creating supply chain and market disruptions for DNA sequencing consumables and instruments; by directly influencing the production of and demand for DNA sequencing products; and through its financial impact on DNA sequencing market players, which, in turn, adversely impacted the regional market growth in 2020. Since 2021, mass vaccination drive and ease of lockdown measures led to normalcy in the region which will positively impact the market in focus. Therefore, the above-mentioned factors are expected to boost the growth of the DNA sequencing market in the region during the forecast period.

What are the Revenue-generating Solution Segments in the DNA Sequencing Market?

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The DNA sequencing market share growth by the products segment will be significant during the forecast period. The products segment held the largest market share in 2021 among solutions due to the increasing demand for consumables in academic institutions and research centers and their expanding use in a wide range of genetic testing procedures. Based on products, the market can be divided into consumables and instruments. In 2020, the consumables segment held the largest market share among products, and it is expected to demonstrate rapid growth during the forecast period. This can be attributed to the high adoption of reagents and kits, as well as their cost-effectiveness.

This report provides an accurate prediction of the contribution of all the segments to the growth of the DNA sequencing market size and actionable market insights on post COVID-19 impact on each segment.

 

DNA Sequencing Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 20.85%

Market growth 2022-2026

$ 23.56 billion

Market structure

Fragmented

YoY growth (%)

19.53

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 38%

Key consumer countries

US, UK, Germany, China, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

10X Genomics Inc., Abbott Laboratories, Agilent Technologies Inc., Azenta US Inc., Becton Dickinson and Co., BGI Group, Bio Rad Laboratories Inc., Danaher Corp., Eurofins Scientific SE, F. Hoffmann La Roche Ltd., Illumina Inc., Macrogen Inc., Merck KGaA, Pacific Biosciences of California Inc., PerkinElmer Inc., QIAGEN NV, SeqLL Inc., Tecan Group Ltd., and Thermo Fisher Scientific Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this DNA Sequencing Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive DNA sequencing market growth during the next five years
  • Precise estimation of the DNA sequencing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the DNA sequencing industry across North America, Europe, Asia, and Rest of World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of DNA sequencing market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Solution
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Solution

    • 5.1 Market segments
      • Exhibit 24: Chart on Solution - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Solution - Market share 2021-2026 (%)
    • 5.2 Comparison by Solution
      • Exhibit 26: Chart on Comparison by Solution
      • Exhibit 27: Data Table on Comparison by Solution
    • 5.3 Products - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Products - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Products - Year-over-year growth 2021-2026 (%)
    • 5.4 Services - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Solution
      • Exhibit 36: Market opportunity by Solution ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 Asia - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)
    • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • 7.7 US - Market size and forecast 2021-2026
      • Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.8 UK - Market size and forecast 2021-2026
      • Exhibit 62: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 Market opportunity by geography
      • Exhibit 78: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 79: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 81: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 82: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 83: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 84: Matrix on vendor position and classification
            • 10.3 Agilent Technologies Inc.
              • Exhibit 85: Agilent Technologies Inc. - Overview
              • Exhibit 86: Agilent Technologies Inc. - Business segments
              • Exhibit 87: Agilent Technologies Inc. - Key news
              • Exhibit 88: Agilent Technologies Inc. - Key offerings
              • Exhibit 89: Agilent Technologies Inc. - Segment focus
            • 10.4 BGI Group
              • Exhibit 90: BGI Group - Overview
              • Exhibit 91: BGI Group - Product / Service
              • Exhibit 92: BGI Group - Key offerings
            • 10.5 Bio Rad Laboratories Inc.
              • Exhibit 93: Bio Rad Laboratories Inc. - Overview
              • Exhibit 94: Bio Rad Laboratories Inc. - Business segments
              • Exhibit 95: Bio Rad Laboratories Inc. - Key news
              • Exhibit 96: Bio Rad Laboratories Inc. - Key offerings
              • Exhibit 97: Bio Rad Laboratories Inc. - Segment focus
            • 10.6 Danaher Corp.
              • Exhibit 98: Danaher Corp. - Overview
              • Exhibit 99: Danaher Corp. - Business segments
              • Exhibit 100: Danaher Corp. - Key news
              • Exhibit 101: Danaher Corp. - Key offerings
              • Exhibit 102: Danaher Corp. - Segment focus
            • 10.7 Eurofins Scientific SE
              • Exhibit 103: Eurofins Scientific SE - Overview
              • Exhibit 104: Eurofins Scientific SE - Business segments
              • Exhibit 105: Eurofins Scientific SE - Key news
              • Exhibit 106: Eurofins Scientific SE - Key offerings
              • Exhibit 107: Eurofins Scientific SE - Segment focus
            • 10.8 F. Hoffmann La Roche Ltd.
              • Exhibit 108: F. Hoffmann La Roche Ltd. - Overview
              • Exhibit 109: F. Hoffmann La Roche Ltd. - Business segments
              • Exhibit 110: F. Hoffmann La Roche Ltd. - Key news
              • Exhibit 111: F. Hoffmann La Roche Ltd. - Key offerings
              • Exhibit 112: F. Hoffmann La Roche Ltd. - Segment focus
            • 10.9 Illumina Inc.
              • Exhibit 113: Illumina Inc. - Overview
              • Exhibit 114: Illumina Inc. - Business segments
              • Exhibit 115: Illumina Inc. - Key news
              • Exhibit 116: Illumina Inc. - Key offerings
              • Exhibit 117: Illumina Inc. - Segment focus
            • 10.10 PerkinElmer Inc.
              • Exhibit 118: PerkinElmer Inc. - Overview
              • Exhibit 119: PerkinElmer Inc. - Business segments
              • Exhibit 120: PerkinElmer Inc. - Key news
              • Exhibit 121: PerkinElmer Inc. - Key offerings
              • Exhibit 122: PerkinElmer Inc. - Segment focus
            • 10.11 QIAGEN NV
              • Exhibit 123: QIAGEN NV - Overview
              • Exhibit 124: QIAGEN NV - Product / Service
              • Exhibit 125: QIAGEN NV - Key news
              • Exhibit 126: QIAGEN NV - Key offerings
            • 10.12 Thermo Fisher Scientific Inc.
              • Exhibit 127: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 128: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 129: Thermo Fisher Scientific Inc. - Key news
              • Exhibit 130: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 131: Thermo Fisher Scientific Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 132: Inclusions checklist
                • Exhibit 133: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The dna sequencing market market growth will increase by $$ 23.56 bn during 2023-2026.
              The dna sequencing market market is expected to grow at a CAGR of 20.85% during 2023-2026.
              Technavio has segmented the dna sequencing market market by geography (North America, Europe, Asia, and Rest of World (ROW)) and geographic (North America, Europe, Asia, Rest of World (ROW), North America, Europe, Asia, and ROW).
              10X Genomics Inc., Abbott Laboratories, Agilent Technologies Inc., Azenta US Inc., Becton Dickinson and Co., BGI Group, Bio Rad Laboratories Inc., Danaher Corp., Eurofins Scientific SE, F. Hoffmann La Roche Ltd., Illumina Inc., Macrogen Inc., Merck KGaA, Pacific Biosciences of California Inc., PerkinElmer Inc., QIAGEN NV, SeqLL Inc., Tecan Group Ltd., Thermo Fisher Scientific Inc. are a few of the key vendors in the dna sequencing market market.
              North America will register the highest growth rate of 38% among the other regions. Therefore, the dna sequencing market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the dna sequencing market market growth are:
              • Growing adoption of NGS
              • Emergence of third-generation sequencing methods
              The dna sequencing market market vendors should focus on grabbing business opportunities from the north america segment as it accounted for the largest market share in the base year.
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