The global DNA sequencing market is estimated to be over US$ 8,500.0 million in 2019. It is anticipated to grow at a CAGR of ~18.0% from 2019 to 2030.
Sequencing-services is one of the most prominent growth avenues in the global biotechnology sector. These technologies find wide scale applications in the field of cancer, reproductive health, genetic disorders and infectious diseases among others. Several other factors have also played a pivotal role in fuelling the growth of this market. Growing adoption of personalized & regenerative medicines and rising incidences of chronic disorders, and advent of novel technologies have also been significant in complimenting to the growth of this market. However, High cost related sequencing have limited the adoption of these techniques and ethical issues related to DNA sequencing in reproductive health are some of the factors likely to restrain the market to a certain extent.
No comments:
Post a Comment