According to the latest report by IMARC Group, titled “United States DNA Sequencing Products Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026,” the market to grow at a CAGR of XX% during 2021-2026.
Deoxyribonucleic acid (DNA) sequencing products are medical instruments used to ascertain the nucleotide sequence of the DNA. They assist healthcare professionals in gaining insights into the genetic function of living organisms and enhancing the metagenomic identification of closely related species to separate plasmids from the genome. Presently, they are extensively utilized across the United States to facilitate precise diagnosing and provide effective and personalized treatment plans for fatal ailments like cancer.
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.
United States DNA Sequencing Products Market Trends:
Significant growth in the field of bioinformatics for identifying genes, establishing their functions, and developing gene-based strategies for diagnosing, preventing, and treating diseases represent one of the major factors primarily driving the market in the US. Additionally, key players in the country are launching advanced data analysis toolkits and a new suite of workflow functionality for detecting and identifying SARS-CoV-2 (COVID-19) viral sequences. Apart from this, increasing investments by public and private firms in the country to conduct extensive research and development (R&D) activities for introducing advanced DNA sequencing products are anticipated to propel market growth.
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United States DNA Sequencing Products Market 2021-2026 Analysis and Segmentation:
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 Region:
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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