DNA sequencing refers to determining the precise sequence of nucleotides in a DNA sample. The DNA sequencing market is likely to attain USD 10 billion by 2017. This is on account of improvements in the technologies and applications of DNA sequencing. The key factors driving the DNA sequencing market are diagnosis of diseases, non-invasive detection and modified treatment. However, high costs involves in medical treatment are likely to hinder the market over the forecast phase.
The DNA sequencing market can be segmented into three major categories. These are products, technologies and geographies. The products market can be divided into services, workflow products and instruments and consumables. Instruments and consumables are the fastest growing segment and are predicted to register significant growth. Services accounted for the second largest segment and were followed by workflow products.
The technologies DNA sequencing market can be bifurcated into next generation DNA sequencing and chain terminator DNA sequencing. Innovations in nanotechnology, bioinformatics, microfluidics and imaging have brought transformations in science and push the DNA sequencing market ahead.
Geographically, the DNA sequencing market can be segmented into four key regions, North America, Asia Pacific, Europe and ROW (rest of the world). Asia Pacific captured the largest share in the market. This is due foreign giants practically dominating the upstream segments of DNA sequencing market in China. Next generation DNA sequencing leads the China market followed by chain terminator DNA sequencing.
North America, Europe and ROW have shown steady growth over the recent past. This is due to various advancements in DNA sequencing in these regions.