Global DNA Sequencing Market 2022-2026

The market is driven by the growing adoption of NGS, increasing affordability of DNA sequencing, and expanding applications of DNA sequencing

The DNA sequencing market is poised to grow by $23.56 billion during 2022-2026, accelerating at a CAGR of 20.85% during the forecast period.

This report on the DNA sequencing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.

The market is driven by the growing adoption of NGS, increasing affordability of DNA sequencing, and expanding applications of DNA sequencing.

The DNA sequencing market analysis includes the solution segment and geographic landscape.

The DNA sequencing market is segmented as below:

By Solution

Product
Services

By Geographical Landscape

North America
Europe
Asia
Rest of World (ROW)

This study identifies the emergence of third-generation sequencing methods as one of the prime reasons driving the DNA sequencing market growth during the next few years. Also, the development of sophisticated bioinformatics tools for NGS and automation of DNA sequencing will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. This report covers the following areas:

DNA sequencing market sizing
DNA sequencing market forecast
DNA sequencing market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, the report provides a detailed analysis of several leading DNA sequencing market vendors that include 10X Genomics Inc., Abbott Laboratories, Agilent Technologies Inc., Azenta US Inc., Becton Dickinson and Co., BGI Group, Bio Rad Laboratories Inc., Danaher Corp., Eurofins Scientific SE, F. Hoffmann La Roche Ltd., Illumina Inc., Macrogen Inc., Merck KGaA, Pacific Biosciences of California Inc., PerkinElmer Inc., QIAGEN NV, SeqLL Inc., Tecan Group Ltd., and Thermo Fisher Scientific Inc. Also, the DNA sequencing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Solution
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Solution

5.1 Market segments
Exhibit 24: Chart on Solution - Market share 2021-2026 (%)
Exhibit 25: Data Table on Solution - Market share 2021-2026 (%)
5.2 Comparison by Solution
Exhibit 26: Chart on Comparison by Solution
Exhibit 27: Data Table on Comparison by Solution
5.3 Products - Market size and forecast 2021-2026
Exhibit 28: Chart on Products - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Products - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Products - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Products - Year-over-year growth 2021-2026 (%)
5.4 Services - Market size and forecast 2021-2026
Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Solution
Exhibit 36: Market opportunity by Solution ($ million)

6 Customer Landscape

6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
Exhibit 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 North America - Market size and forecast 2021-2026
Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 Asia - Market size and forecast 2021-2026
Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)
7.6 Rest of World (ROW) - Market size and forecast 2021-2026
Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
7.7 US - Market size and forecast 2021-2026
Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)
7.8 UK - Market size and forecast 2021-2026
Exhibit 62: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on UK - Year-over-year growth 2021-2026 (%)
7.9 Germany - Market size and forecast 2021-2026
Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.10 China - Market size and forecast 2021-2026
Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
7.11 Japan - Market size and forecast 2021-2026
Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
7.12 Market opportunity By Geographical Landscape
Exhibit 78: Market opportunity By Geographical Landscape ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 79: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends

9 Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 81: Overview on factors of disruption
9.4 Industry risks
Exhibit 82: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
Exhibit 83: Vendors covered
10.2 Market positioning of vendors
Exhibit 84: Matrix on vendor position and classification
10.3 Agilent Technologies Inc.
Exhibit 85: Agilent Technologies Inc. - Overview
Exhibit 86: Agilent Technologies Inc. - Business segments
Exhibit 87: Agilent Technologies Inc. - Key news
Exhibit 88: Agilent Technologies Inc. - Key offerings
Exhibit 89: Agilent Technologies Inc. - Segment focus
10.4 BGI Group
Exhibit 90: BGI Group - Overview
Exhibit 91: BGI Group - Product / Service
Exhibit 92: BGI Group - Key offerings
10.5 Bio Rad Laboratories Inc.
Exhibit 93: Bio Rad Laboratories Inc. - Overview
Exhibit 94: Bio Rad Laboratories Inc. - Business segments
Exhibit 95: Bio Rad Laboratories Inc. - Key news
Exhibit 96: Bio Rad Laboratories Inc. - Key offerings
Exhibit 97: Bio Rad Laboratories Inc. - Segment focus
10.6 Danaher Corp.
Exhibit 98: Danaher Corp. - Overview
Exhibit 99: Danaher Corp. - Business segments
Exhibit 100: Danaher Corp. - Key news
Exhibit 101: Danaher Corp. - Key offerings
Exhibit 102: Danaher Corp. - Segment focus
10.7 Eurofins Scientific SE
Exhibit 103: Eurofins Scientific SE - Overview
Exhibit 104: Eurofins Scientific SE - Business segments
Exhibit 105: Eurofins Scientific SE - Key news
Exhibit 106: Eurofins Scientific SE - Key offerings
Exhibit 107: Eurofins Scientific SE - Segment focus
10.8 F. Hoffmann La Roche Ltd.
Exhibit 108: F. Hoffmann La Roche Ltd. - Overview
Exhibit 109: F. Hoffmann La Roche Ltd. - Business segments
Exhibit 110: F. Hoffmann La Roche Ltd. - Key news
Exhibit 111: F. Hoffmann La Roche Ltd. - Key offerings
Exhibit 112: F. Hoffmann La Roche Ltd. - Segment focus
10.9 Illumina Inc.
Exhibit 113: Illumina Inc. - Overview
Exhibit 114: Illumina Inc. - Business segments
Exhibit 115: Illumina Inc. - Key news
Exhibit 116: Illumina Inc. - Key offerings
Exhibit 117: Illumina Inc. - Segment focus
10.10 PerkinElmer Inc.
Exhibit 118: PerkinElmer Inc. - Overview
Exhibit 119: PerkinElmer Inc. - Business segments
Exhibit 120: PerkinElmer Inc. - Key news
Exhibit 121: PerkinElmer Inc. - Key offerings
Exhibit 122: PerkinElmer Inc. - Segment focus
10.11 QIAGEN NV
Exhibit 123: QIAGEN NV - Overview
Exhibit 124: QIAGEN NV - Product / Service
Exhibit 125: QIAGEN NV - Key news
Exhibit 126: QIAGEN NV - Key offerings
10.12 Thermo Fisher Scientific Inc.
Exhibit 127: Thermo Fisher Scientific Inc. - Overview
Exhibit 128: Thermo Fisher Scientific Inc. - Business segments
Exhibit 129: Thermo Fisher Scientific Inc. - Key news
Exhibit 130: Thermo Fisher Scientific Inc. - Key offerings
Exhibit 131: Thermo Fisher Scientific Inc. - Segment focus

11 Appendix

11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 132: Inclusions checklist
Exhibit 133: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 134: Currency conversion rates for US$
11.4 Research methodology
Exhibit 135: Research methodology
Exhibit 136: Validation techniques employed for market sizing
Exhibit 137: Information sources
11.5 List of abbreviations
Exhibit 138: List of abbreviations

List of Exhibits

Exhibit 1: Executive Summary - Chart on Market Overview
Exhibit 2: Executive Summary - Data Table on Market Overview
Exhibit 3: Executive Summary - Chart on Global Market Characteristics
Exhibit 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 5: Executive Summary - Chart on Market Segmentation by Solution
Exhibit 6: Executive Summary - Chart on Incremental Growth
Exhibit 7: Executive Summary - Data Table on Incremental Growth
Exhibit 8: Executive Summary - Chart on Vendor Market Positioning
Exhibit 9: Parent market
Exhibit 10: Market Characteristics
Exhibit 11: Offerings of vendors included in the market definition
Exhibit 12: Market segments
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
Exhibit 24: Chart on Solution - Market share 2021-2026 (%)
Exhibit 25: Data Table on Solution - Market share 2021-2026 (%)
Exhibit 26: Chart on Comparison by Solution
Exhibit 27: Data Table on Comparison by Solution
Exhibit 28: Chart on Products - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Products - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Products - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Products - Year-over-year growth 2021-2026 (%)
Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)
Exhibit 36: Market opportunity by Solution ($ million)
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibit 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)
Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibit 62: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on UK - Year-over-year growth 2021-2026 (%)
Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 78: Market opportunity By Geographical Landscape ($ million)
Exhibit 79: Impact of drivers and challenges in 2021 and 2026
Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
Exhibit 81: Overview on factors of disruption
Exhibit 82: Impact of key risks on business
Exhibit 83: Vendors covered
Exhibit 84: Matrix on vendor position and classification
Exhibit 85: Agilent Technologies Inc. - Overview
Exhibit 86: Agilent Technologies Inc. - Business segments
Exhibit 87: Agilent Technologies Inc. - Key news
Exhibit 88: Agilent Technologies Inc. - Key offerings
Exhibit 89: Agilent Technologies Inc. - Segment focus
Exhibit 90: BGI Group - Overview
Exhibit 91: BGI Group - Product / Service
Exhibit 92: BGI Group - Key offerings
Exhibit 93: Bio Rad Laboratories Inc. - Overview
Exhibit 94: Bio Rad Laboratories Inc. - Business segments
Exhibit 95: Bio Rad Laboratories Inc. - Key news
Exhibit 96: Bio Rad Laboratories Inc. - Key offerings
Exhibit 97: Bio Rad Laboratories Inc. - Segment focus
Exhibit 98: Danaher Corp. - Overview
Exhibit 99: Danaher Corp. - Business segments
Exhibit 100: Danaher Corp. - Key news
Exhibit 101: Danaher Corp. - Key offerings
Exhibit 102: Danaher Corp. - Segment focus
Exhibit 103: Eurofins Scientific SE - Overview
Exhibit 104: Eurofins Scientific SE - Business segments
Exhibit 105: Eurofins Scientific SE - Key news
Exhibit 106: Eurofins Scientific SE - Key offerings
Exhibit 107: Eurofins Scientific SE - Segment focus
Exhibit 108: F. Hoffmann La Roche Ltd. - Overview
Exhibit 109: F. Hoffmann La Roche Ltd. - Business segments
Exhibit 110: F. Hoffmann La Roche Ltd. - Key news
Exhibit 111: F. Hoffmann La Roche Ltd. - Key offerings
Exhibit 112: F. Hoffmann La Roche Ltd. - Segment focus
Exhibit 113: Illumina Inc. - Overview
Exhibit 114: Illumina Inc. - Business segments
Exhibit 115: Illumina Inc. - Key news
Exhibit 116: Illumina Inc. - Key offerings
Exhibit 117: Illumina Inc. - Segment focus
Exhibit 118: PerkinElmer Inc. - Overview
Exhibit 119: PerkinElmer Inc. - Business segments
Exhibit 120: PerkinElmer Inc. - Key news
Exhibit 121: PerkinElmer Inc. - Key offerings
Exhibit 122: PerkinElmer Inc. - Segment focus
Exhibit 123: QIAGEN NV - Overview
Exhibit 124: QIAGEN NV - Product / Service
Exhibit 125: QIAGEN NV - Key news
Exhibit 126: QIAGEN NV - Key offerings
Exhibit 127: Thermo Fisher Scientific Inc. - Overview
Exhibit 128: Thermo Fisher Scientific Inc. - Business segments
Exhibit 129: Thermo Fisher Scientific Inc. - Key news
Exhibit 130: Thermo Fisher Scientific Inc. - Key offerings
Exhibit 131: Thermo Fisher Scientific Inc. - Segment focus
Exhibit 132: Inclusions checklist
Exhibit 133: Exclusions checklist
Exhibit 134: Currency conversion rates for US$
Exhibit 135: Research methodology
Exhibit 136: Validation techniques employed for market sizing
Exhibit 137: Information sources
Exhibit 138: List of abbreviations

Executive Summary

The analyst recognizes the following companies as the key players in the global DNA sequencing market: 10X Genomics Inc., Abbott Laboratories, Agilent Technologies Inc., Azenta US Inc., Becton Dickinson and Co., BGI Group, Bio Rad Laboratories Inc., Danaher Corp., Eurofins Scientific SE, F. Hoffmann La Roche Ltd., Illumina Inc., Macrogen Inc., Merck KGaA, Pacific Biosciences of California Inc., PerkinElmer Inc., QIAGEN NV, SeqLL Inc., Tecan Group Ltd., and Thermo Fisher Scientific Inc.

Commenting on the report, an analyst said: ''The latest trend gaining momentum in the market is the emergence of third-generation sequencing methods.''

According to the report, one of the major drivers for this market is the growing adoption of NGS.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.