The Business Research Company’s “Sequencing Market By Type (Next Generation Sequencing, Third Generation Sequencing And Sanger Sequencing), By Products (Consumables, Software, Sequencing Services And Instruments), By Regions And By Trends – Global Forecast To 2023” under Medical Equipment category covers market characteristics, key players, market size and trends from 2019 to 2022
The sequencing market consists of sales of sequencing instruments, consumables, software and services. It includes the instruments, consumables, software and services used for sequencing deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) samples of human, animal, plant and microbial species.
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The Sequencing Market Segmentation
By Type – The sequencing market is segmented by type into
- a) Next Generation Sequencing
- b) Third Generation Sequencing
- c) Sanger Sequencing
- d) Global Sequencing
Third generation sequencing had the highest growth rate of nearly 15.5% during the historic period. This rapid growth can be attributed to due to portability and the faster sequencing speed it offers than NGS and Sanger sequencing.
By Products And Services – The sequencing market is segmented by products and services into
- a) Consumables
- b) Sequencing Services
- c) Instruments and Software
- d) Global Sequencing
Growth has accelerated in all the segments of the global sequencing market by products and services.
Major trends influencing the sequencing market include:
Increasing Use of Semiconductor Sequencing – Companies are using semiconductor sequencing for enhancing DNA sequencing. Semiconductor sequencing is a type of next generation sequencing that enables reading DNA sequences electronically. For example, in 2014 DNA Electronics Ltd (DNAe) commercialized its semiconductor DNA sequencing technology consisting of semiconductor chip for diagnosis of infectious disease. Ion Torrent’s semiconductor sequencing technology allows sequencing of templates of a length of up to 200 to 400?base pairs that directly translates chemically encoded information into voltage signals that are detected by a semiconductor device and so offers high throughput.
Innovations in the Sequencing Market – Sequencing companies are using innovative technologies and methods for DNA or RNA sequencing. This has increased genomic research and development of personalized medicines. Genomics is the study of genetic material of organisms to determine the entire sequence of DNA that helps to identify changes or variants in genes. Personalized medicine is the medical treatment specific to individual characteristics of the patient. Advances in sequencing technologies help to store and manage large amounts of data efficiently and deliver faster results. Technological advances such as next generation sequencing have enhanced DNA sequencing and driven research on various diseases.
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