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United States DNA Sequencing Products Market Size, Share, Analysis Demand and Forecast 2027

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According to the latest report by IMARC Group, titled United States DNA Sequencing Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The United States DNA sequencing products market size reached US$ 2.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2027, exhibiting a growth rate (CAGR) of 16.2% during 2022-2027.

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.

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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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.

United States DNA Sequencing Products Market 2022-2027 Analysis and Segmentation:

The report has segmented the market on the basis on region, product type, application, end user.

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 Region:

  • Northeast
  • Midwest
  • South
  • West

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/united-states-dna-sequencing-products-market

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