Assessment of the Whole Exome Sequencing Market
TMRR, in its recently published market research study, provides an out-an-out analysis of the current and future prospects of the Whole Exome Sequencing market over the forthcoming decade. The study thoroughly analyzes all-round prospects of the Whole Exome Sequencing market in various regional markets. In addition, the report examines the political and economic scenarios in different regions and their impact on the overall dynamics of the Whole Exome Sequencing market.
The study reveals that the Whole Exome Sequencing market is expected to reach a value of ~US$XX in 2019 and grow at a CAGR of ~XX% between 2019 and 2029. Furthermore, the study provides a thorough analysis of the quantitative and qualitative aspects of the Whole Exome Sequencing market across various geographies.
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Critical information that can be drawn from the Whole Exome Sequencing market report:
- Evaluation of the key success factors that are expected to propel the growth of the Whole Exome Sequencing market
- Recent technological advances and innovations relevant to the Whole Exome Sequencing market
- The growth potential of emerging market players in various regions
- Current and upcoming trends expected to influence the growth of the Whole Exome Sequencing market
- Import-export and supply-demand ratio analysis of the Whole Exome Sequencing
The report addresses the following queries pertaining to the Whole Exome Sequencing market:
- What are the different organic and inorganic growth strategies adopted by players in the Whole Exome Sequencing market?
- Which region is expected to dominate the Whole Exome Sequencing market in terms of share in the forecast period?
- How are market players reducing their environmental footprint?
- What are the latest innovations in the Whole Exome Sequencing market?
- What is the estimated value of the Whole Exome Sequencing market in 2019?
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Whole Exome Sequencing Market Segmentation
The report bifurcates the Whole Exome Sequencing market to offer a microscopic view of the various aspects of the market. The Whole Exome Sequencing market is segmented on the basis of region, product type, end-user, and more.
Drivers and Restraints
Technological progression in sequencing systems, collaborations and partnerships amongst leading research organizations for improved drug discovery, and an increasing expenditure on research and development are the major factors driving the global whole exome sequencing market. However, factors such as unavailability of trained workforce, increasing trend of funds and grants from universities and research organizations, and high instrument costs are challenging the growth of this market.
Global Whole Exome Sequencing Market: Regional Outlook
North America, Europe, Asia Pacific, and Rest of the World are the regional segments of the whole exome sequencing market. Amongst these, North America stands as the largest whole exome sequencing market. This is mainly due to the increasing application of whole exome sequencing for detection of rare diseases, increasing awareness programs through industry meets and conferences, and government funding for whole exome sequencing studies. In 2010, as per the Centers for Disease Control and Prevention (CDC), approximately 1,148,200 persons above the age of 13 and more were diagnosed with HIV infection in the United States, including 207,600 individuals whose infections had not been diagnosed.
Europe is the second largest market for whole exome sequencing. This is because Europe is a leading region for the diagnostics and treatment of cancer and HIV diseases. As per the World Health Organization (WHO), Europe is home to almost one quarter of the world’s cancer patients with 3.2 million new patients diagnosed every year. In 2010, UNAIDS estimated that approximately 2.3 million people were living with HIV in Europe. The prevalence of HIV among adults varies from less than 0.2% of the population in Central Europe to more than 1% of the population in parts of Eastern Europe.
Asia Pacific and Rest of the World are expected to be lucrative markets for whole exome sequencing in the coming years. Increasing research and development initiatives and strategic expansion and acquisitions among research organizations in the emerging economies of Asia Pacific are favoring the growth of this regional market. The increasing impact of bioinformatics and biotechnology research in Latin America is anticipated to fuel the growth of whole exome sequencing market. An increasing number of patients diagnosed with HIV in the emerging economies of India, China, and Brazil will lead to significant growth of the whole exome sequencing market in these regions.
Companies Mentioned in Report
The report mentions top players in the whole exome sequencing market, namely Agilent Technologies, BGI, Eurofins Genomics, Macrogen Inc., GENEWIZ Inc., Ambry Genetics, Illumina Inc., Thermo Fisher Scientific Inc., Roche NimbleGen Inc., Sengenics, and Knome Inc. among others.
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