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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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
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 (R&D) activities, along with improving healthcare infrastructure and diagnostic technologies, are impelling the market growth.
Breakup by Product Type:
- Consumables and Reagents
- Equipments
Breakup by Application:
- Biomarkers
- Diagnostics
- Reproductive Health
- Forensics
- Personalized Medicine
- Others
Breakup by End User:
- Academic and Government Research Institutes
- Pharmaceutical and Biotechnology Companies
- Hospitals and Clinics
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Ital
- Spain
- Others
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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
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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