The
DNA sequencing market is poised to grow by USD 12.5 billion during
2020-2024, progressing at a CAGR of over 19% during the forecast period.
The market is driven by the growing adoption of NGS. In addition, the
emergence of third-generation sequencing methods is anticipated to boost the
growth of the DNA sequencing market.
Next-generation sequencing (NGS) has revolutionized the genomic research
by enabling the sequencing of an entire human genome within a day. It is a
parallel DNA sequencing technology, which is used to diagnose and treat several
chronic conditions such as infectious diseases and cancer. It minimizes the
sequencing time and helps in administrating a more accurate treatment through
early diagnosis. It is used by many large-scale projects such as the Cancer
Genome Atlas and International Cancer Genome Consortium to study different
cancer-determining factors by procuring data from numerous cancer genomes. Such
wide use of NGS in DNA sequencing is expected to drive market growth during the
forecast period.
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Major Five DNA Sequencing Market Companies:
Agilent Technologies Inc.
Agilent Technologies Inc. is headquartered in the US and operates the
business under various segments such as Life Sciences and Applied Markets,
Diagnostics and Genomics, and Agilent CrossLab. The company offers Human
Reference DNA, SureSelect XT HS2 DNA Reagent Kit, SureSelect Custom DNA Target
Enrichment Probes, SureSelect Ion Proton, and SureSelectXT Methyl-Seq Library
Preparation Kit.
BGI Genomics Co. Ltd.
BGI Genomics Co. Ltd. is headquartered in China and offers products
through the following business units: Molecular genetics, Sequencing services,
Mass Spec services, and Pharma solutions. The company offers a wide range of
DNA sequencing services that are carried out using DNBseq NGS technology
platform and other platforms.
Bio-Rad Laboratories Inc.
Bio-Rad Laboratories Inc. is headquartered in the US and operates under
various business segments, namely Life Science and Clinical Diagnostics. The
company offers Sequi-Gen GT Sequencing Cell, PCR systems, PCR reagents,
consumables, and accessories, IncRNA RT qPCR Workflow, Nucleic acid
electrophoresis and blotting, and Nucleic acid sample preparation.
Danaher Corp.
Danaher Corp. is headquartered in the US and offers products through the
following business segments: Life Sciences, Diagnostics, Dental, and Environmental
& Applied Solutions. The company offers Adapters for next generation
sequencing, Lotus DNA Library Prep Kit, and Hybridization capture.
Eurofins Scientific SE
Eurofins Scientific SE is headquartered in Luxembourg and offers
products through the following business segments: Western Europe, North
America, and ROW. The company provides a wide range of DNA sequencing services
ranging from single reads to complete double strand sequences.
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