The global DNA testing machine market size was significantly large in 2022, and is expected to continue to register a rapidly inclining revenue CAGR between 2023 and 2032. Key factors responsible for driving market revenue growth are increasing demand for these machines for disease risk assessment and rising need to obtain medically useful information for future care.
Genomic sequencing can provide information on genetic variations that might cause illnesses or raise the likelihood of disease development. It also delivers information on medication efficacy and side effects. Automatic sequencing equipment became commercially accessible in the late 1980s and made DNA sequencing considerably faster and more reliable. It would make large-scale sequencing initiatives unfeasible. A person may create a full sequence of 20,000 to 50,000 bases in a year, while a computer can create a rough draft of that length of the sequence in only a few hours.
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Slab-gel and capillary devices are used in most large-scale sequencing studies. Capillary sequencers are newer devices that run DNA through an array of 96 gel-filled capillaries, rather than a slab of gel. These machines, just like slab-gel machines, can read the base sequence as DNA passes through the gel. They can automatically fill and clean the capillaries between runs, thereby requiring a little amount of human attention—about 15 minutes each day—to replace the gel, water, and other solutions present in the machine.
Major Factors Driving Growth Of The Global DNA Testing Machine Market:
Revenue growth of the global DNA testing machine market is significantly driven by rising knowledge and use of this testing in criminal cases. DNA testing machines have evolved in the past few years. Today, these machines have various advanced features. Besides, chance to help educate other family members about the potential hazards, awareness of informed medical and lifestyle decisions, and better understanding of health & cancer risks are also anticipated to propel the DNA testing machine market growth in the near future.
Moreover, police agencies are devoting more time and resources to technologies that can swiftly analyze and categorize DNA to enhance the justice system. According to police agencies of several states, usage of DNA testing machines has made a noticeable impact. They take less time and produce more precise findings.
Factors Restraining Growth Of The Global DNA Testing Machine Market:
The global DNA testing machine market growth is substantially hampered by several unfavorable factors. Testing can cause tension and worry, which, in turn, may provide ambiguous or imprecise results in certain situations. If a person does not meet specific testing standards, they may not be eligible. Procedures used for prenatal diagnostic testing carry a small risk of miscarriage because the test requires a sample of amniotic fluid or tissue present around the fetus. At the same time, issues, such as sample deterioration, excessive bacterial contamination, and improper quantities may also hamper the DNA testing machine market growth in the near future.
Opportunities For Players Operating In The Global DNA Testing Machine Market:
Increasing number of universities and medical facilities globally are undertaking genome sequencing for human diagnoses under the Clinical Laboratory Improvement Amendments (CLIA) license. These institutions are highlighting the growing significance of genomics in medical practice. Nowadays priority is mainly given to the development of metrics to evaluate healthcare outcomes of genetic sequencing. It would help in proving the clinical usefulness of genomic medicine for successful patient care. New entrants and large companies in the DNA testing machine market are anticipated to gain new growth opportunities, owing to rising demand for clinical genomic interpretation. Hence, the demand for systems that can offer better performance standards is also surging at a fast pace.
Global DNA Testing Machine Market Revenue Led By Product Type Segment:
Based on product type, the medium scale DNA testing machine segment is expected to showcase the highest revenue share throughout the forecast period. Rising use of DNA testing machines for criminal cases, cancer diagnosis, and other health issues is expected to boost the segment. Also, technological advancements and distinguishing properties of DNA would aid growth.
Global DNA Testing Machine Market Leading End-use Segment:
Based on end-use, the laboratory segment is anticipated to outperform all other segments in terms of revenue generation throughout the projected period. Advancements in DNA testing machine technology, increasing number of laboratories, and surging usage of government financing are anticipated to drive this segment in the near future.
North America Accounts For Largest Revenue Share In Global DNA Testing Machine Market:
Among regional markets, North America emerged as the largest market for DNA testing machines, with the highest revenue share. Presence of various key companies and increasing research & development activities by them are expected to propel growth. External managers, organizations, and administration organizations are nowadays focusing on creating client-driven products that would further contribute to growth. At the same time, rising awareness programs, launch of modern equipment, rapid innovations, and high disposable incomes are also expected to boost the DNA testing machine market growth in North America.
Asia Pacific Continues To Lead In Terms Of Revenue CAGR:
Over the projected period, the Asia Pacific DNA testing machine market is predicted to develop at the quickest rate. Increased government expenditures in the construction industry, rising crime rates, surging health concerns, and newly released fast DNA testing machines, particularly in emerging nations, such as India, China, New Zealand, and Indonesia, are the key drivers fueling the APAC market. High danger of classical illnesses in nations, such as Japan and rising need for efficient DNA testing machines, are driving the APAC market forward.
Major Companies Profiled In The Report:
- BJS Company
- DNA SOLUTIONS
Strategies And Objectives Of Major Companies:
- The first gap-less, telomere-to-telomere construction of a human chromosome, the X chromosome, was published in 2020. This breakthrough brings together sequencing technology and computational techniques developed over the previous decade.
- DNA fingerprint technology has aided in crime scene gathering, sample storage, chain of custody, contamination prevention, data analysis, and other operations.
- Use of a DNA sequencing machine has decreased the workload of keeping track of sequences. It has also reduced the time it takes to enter them in a database.
What Our Report Provides And Why Our Offering Is Better:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financial, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation In Our Report:
For the purpose of this report, global DNA testing machine market is segmented on the basis of product type, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2023-2032)
- Small Scale DNA Testing Machine
- Medium Scale DNA Testing Machine
- Large Scale DNA Testing Machine
End-use Outlook (Revenue, USD Billion; 2023-2032)
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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