According to the latest report by IMARC Group, titled “Europe DNA Sequencing Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The Europe DNA sequencing products market size reached US$ 1.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2027, exhibiting a growth rate (CAGR) of 17.33% during 2022-2027.
Deoxyribonucleic acid (DNA) sequencing products include reagents, equipment, and consumables used to determine the precise order of nucleotide bases and investigate the functions of genes. They assist researchers in analyzing the drug safety and efficacy, which further help in accurate diagnoses or developing personalized treatment plans for patients. Nowadays, DNA sequencing products are extensively used in numerous research studies and applications, including genome editing, forensic sciences, species discovery, hereditary disease detection, and phylogenetic analysis, across Europe.
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Europe DNA Sequencing Products Market Trends and Drivers:
The rising prevalence of congenital and genetic disorders, especially among infants and babies, represents one of the key factors bolstering the market growth across Europe. Apart from this, the introduction of precise DNA sequencing machines that are portable and compact and can be used in remote locations is contributing to the market growth. Furthermore, increasing investments in research and development (RD) activities, along with improving healthcare infrastructure and diagnostic technologies, are impelling the market growth.
Europe DNA Sequencing Products Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis on region, product type, application and end user.
Breakup by Product Type:
- Consumables and Reagents
Breakup by Application:
- Reproductive Health
- Personalized Medicine
Breakup by End User:
- Academic and Government Research Institutes
- Pharmaceutical and Biotechnology Companies
- Hospitals and Clinics
Breakup by Country:
- United Kingdom
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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