According to the latest report by IMARC Group “United States DNA Sequencing Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“. The United States DNA sequencing products market share reached US$2.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$5.5 Billion by 2027, exhibiting a growth rate (CAGR) of 16.2% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
DNA sequencing represents a laboratory method that is used to ascertain the nucleotide sequence of the deoxyribonucleic acid (DNA). These nucleotides are the building blocks of nucleic acid, which usually comprise adenine (A), guanine (G), cytosine (C), and thymine (T). This method aids research professionals in gaining insights into the genetic function or progression of living organisms to determine DNA-linked disorders. DNA sequencing products are also scientific instruments that are generally utilized to automate the sequencing process and enhance the metagenomic identification of closely related species to distinguish plasmids from the genome.
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United States DNA Sequencing Products Market Trends:
The growing advancements in the field of bioinformatics are among the key factors stimulating the United States DNA sequencing products market. Moreover, the development of advanced data toolkits, a new suite of workflow functionality, and data analysis tools by numerous key market players, which can assist researchers in detecting and identifying the SARS-CoV-2 viral sequence, is acting as another significant growth- inducing factor. Besides this, the escalating demand for sequencing by synthesis (SBS) and second-generation sequencing technologies is increasing the market growth. Furthermore, the rising investments by public and private firms to conduct extensive RD activities for introducing innovative DNA sequencing products with improved functions are propelling the market growth across the country. Apart from this, the increasing utilization of specific bacteria genes that improve crop production and enhance the quality of meat products is also bolstering the market growth. Additionally, the widespread adoption of genome mapping is anticipated to fuel the United States DNA sequencing products market over the forecast period.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- Consumables and Reagents
- equipment
Breakup by Application:
- Biomarkers
- Diagnostics
- Reproductive Health
- Forensics
- Personalized Medicine
- Others
Breakup by End User:
- Academic and Government Research Institutes
- Pharmaceutical and Biotechnology Companies
- Hospitals and Clinics
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- west
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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