Macro and Microeconomic Factors Continue to Impact DNA Sequencing Market During 2020– 2027
Market Scenario Market Research Future (MRFR) postulates that the global DNA sequencing market is predicted to demonstrate a CAGR of 17.64% during the forecast period (2018-2023). Augmenting requirement for animal breeders is estimated to favor the market growth. DNA sequencing is referred to as a technology where several DNA strands are sequenced through massive parallelization. It involves both Sanger’s and non-Sanger’s method of sequencing. The arrangement of the four nucleotide bases such as Cytosine, Guanine, Thymine, and Adenine can be identified with the help of several sequencing techniques available in the market. DNA sequencing comprises information associated with the IQ level of the human beings and genetically determined illness. Market Potential and Pitfalls The accelerating adoption of precision medicine along with the augmenting use of applications such as forensic biology, biotechnology, molecular biology, and virology are considered to foster the D...