Gene Sequencing Market Revenue Analysis & Region and Country Forecast To 2030

Posted by sneha j on July 22nd, 2022

Gene sequencing is a procedure in which the nucleotides are identified in the DNA of an organism. This method is used to learn about the genome of the organism as a whole and to identify specific areas of interest or required. Low cost, precise results, high accuracy, and rapid results are the key features of gene sequencing technique. Gene sequencing is used to execute various applications such as oncology studies, reproductive health, clinical investigation, and others. It consists of widely replaced conventional tools of genomics, especially, microarray, genotyping, and others. Maxam-Gilbert Sequencing and Sanger Sequencing are the types of gene sequencing. 

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COVID-19 Impact Analysis             

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

At the early phase of COVID-19 pandemic, there was no availability of specific diagnostic tests to detect the disease in patients. Alternative diagnostic tests were used initially but were not much effective. This unavailability of specific COVID-19 diagnostic tests presented lucrative opportunities for diagnostic manufacturers to introduce their COVID-19 diagnostic kits. Many leading players as well as some start-ups from various countries utilized this opportunity and introduced COVID-19 diagnostics kits into local as well as global market. These players achieved edge over other diagnostics players capitalizing the opportunity from demand for COVID-19 diagnostic tests, which, in turn, helps them in maintaining their revenues in such a crisis.

Owing to such factors, COVID 19 is expected to have a significant impact on the gene sequencing market.

Key Benefits of the Report

• This study presents the analytical depiction of gene sequencing market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed from 2020 to 2028 to highlight the market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

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