Decoding the Future: The Evolving DNA Sequencing Market in Genomics Research and Precision Medicine
DNA sequencing technology refers to the technology which allows scientists for getting accurate sequencing of the whole genome within a short time. The identification of DNA variations has been made possible due to the rapid advancements in bioinformatics and sequencing technology. Moreover, these advancements determine variants allied with prominent disease risks.
In 2022, the Global DNA Sequencing Market was valued at US$ 10.1 billion. Between 2023 and 2032, this market is estimated to register the highest CAGR of 15.3%.
Read More - https://market.us/report/dna-sequencing-market/
Regional Analysis
North America held the largest revenue share of 44.3% of the overall market. The growing demand for genome sequencing, the rising need for personalized medicine, and higher adoption rates of new technology are some of the factors which were responsible for the dominance of the region.
Asia-Pacific is likely to raise at a comparatively faster rate. It is expected that the growth will be propelled by government efforts to create a genomic database due to the large population in this region. In the future, precautionary and preventive medicine will make use of this database. The market in the Middle East & Africa, and Latin America may demonstrate greater acceptance and growth, during the forecast period.
Another Source of Information- https://www.globenewswire.com/news-release/2023/05/26/2676838/0/en/DNA-Sequencing-Market-Is-Expected-To-Progress-at-a-CAGR-of-15-3-to-Reach-US-40-5-Billion-by-2032-Market-us.html
DNA sequencing technology refers to the technology which allows scientists for getting accurate sequencing of the whole genome within a short time. The identification of DNA variations has been made possible due to the rapid advancements in bioinformatics and sequencing technology. Moreover, these advancements determine variants allied with prominent disease risks.
In 2022, the Global DNA Sequencing Market was valued at US$ 10.1 billion. Between 2023 and 2032, this market is estimated to register the highest CAGR of 15.3%.
Read More - https://market.us/report/dna-sequencing-market/
Regional Analysis
North America held the largest revenue share of 44.3% of the overall market. The growing demand for genome sequencing, the rising need for personalized medicine, and higher adoption rates of new technology are some of the factors which were responsible for the dominance of the region.
Asia-Pacific is likely to raise at a comparatively faster rate. It is expected that the growth will be propelled by government efforts to create a genomic database due to the large population in this region. In the future, precautionary and preventive medicine will make use of this database. The market in the Middle East & Africa, and Latin America may demonstrate greater acceptance and growth, during the forecast period.
Another Source of Information- https://www.globenewswire.com/news-release/2023/05/26/2676838/0/en/DNA-Sequencing-Market-Is-Expected-To-Progress-at-a-CAGR-of-15-3-to-Reach-US-40-5-Billion-by-2032-Market-us.html
Decoding the Future: The Evolving DNA Sequencing Market in Genomics Research and Precision Medicine
DNA sequencing technology refers to the technology which allows scientists for getting accurate sequencing of the whole genome within a short time. The identification of DNA variations has been made possible due to the rapid advancements in bioinformatics and sequencing technology. Moreover, these advancements determine variants allied with prominent disease risks.
In 2022, the Global DNA Sequencing Market was valued at US$ 10.1 billion. Between 2023 and 2032, this market is estimated to register the highest CAGR of 15.3%.
Read More - https://market.us/report/dna-sequencing-market/
Regional Analysis
North America held the largest revenue share of 44.3% of the overall market. The growing demand for genome sequencing, the rising need for personalized medicine, and higher adoption rates of new technology are some of the factors which were responsible for the dominance of the region.
Asia-Pacific is likely to raise at a comparatively faster rate. It is expected that the growth will be propelled by government efforts to create a genomic database due to the large population in this region. In the future, precautionary and preventive medicine will make use of this database. The market in the Middle East & Africa, and Latin America may demonstrate greater acceptance and growth, during the forecast period.
Another Source of Information- https://www.globenewswire.com/news-release/2023/05/26/2676838/0/en/DNA-Sequencing-Market-Is-Expected-To-Progress-at-a-CAGR-of-15-3-to-Reach-US-40-5-Billion-by-2032-Market-us.html
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