DNA Sequencing Market Analysis

Technology Segment Analysis

The next-generation sequencing segment in the DNA sequencing market is expected to account for the largest revenue share of 66.2% during the forecast period. NGS significantly lowers the cost of sequencing and can yield comprehensive and accurate results quickly. The demand for this segment is significantly high since millions of DNA fragments can undergo simultaneous analysis using NGS sequencing. In recent trends, NGS sequencing costs are continuing to decline, improving accessibility and scope of investments. For instance, in 2022, the American Society for Microbiology (ASM) was awarded funding from the Centers for Disease Control and Prevention (CDC) to offer advanced training on NGS.

Other factors playing a role in this segment’s market growth are the new product launches by the market players. For instance, Qiagen Digital Insights released QIAGEN CLC Genomics Workbench Premium in January 2023, which improves the speed for whole genome sequencing (WGS). With rising technological advancements to increase accuracy, the ability to read longer DNA stretches, and develop personalized medicines, this segment is poised to grow at a rapid rate.

Product Segment Analysis

The consumables segment in the DNA sequencing market will account for a significant revenue share by 2035. A large number of consumable goods i.e. sequencing consumables, are required during sequencing. Sequencing consumables are required in different stages of a DNA sequencing workflow. Some sequencing consumables are reagents including nucleotides and dye terminators, and kits such as sample preparation kits, and library preparation kits. The demand for consumables has increased due to the continuous advancement in DNA sequencing methods. The growth of this segment is expected to rise during the forecast period due to the increasing use of genomics in healthcare and research.

Our in-depth analysis of the DNA sequencing market includes the following segments: