DNA Sequencing Market is set to experience a significant growth rate

 

The Global DNA Sequencing Market is valued at around USD 4.7 Billion in 2019 and is projected to grow with a healthy growth rate of over 11.3% in the forecast period 2020-2027. DNA sequencing is a process of identifying or determining the nucleic acid sequence within a DNA molecule. DNA sequencing enables scientists and researchers to sequence genomes and genes.

 

By locating and analyzing genes from sequence information, researchers can obtain information related to mutations that cause disease, thus providing considerable medical information. Furthermore, the emergence of rapid DNA sequencing processes has greatly accelerated medical and biological research and discovery.

 

Regional analysis of the global DNA sequencing market is considered for key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the world leader in terms of market share due to the presence of a significant number of market vendors in the region as well as the early adoption of technologically advanced products and processes. Whereas Asia-Pacific is projected to exhibit the highest growth rate/CAGR in the forecast period 2020-2027. Factors such as increased awareness and adoption of DNA sequencing solutions in developing countries such as China and India, as well as increased cancer prevalence due to the growing geriatric population, will create attractive growth prospects for the DNA sequencing market across Asia-Pacific.

 

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