Whole Exome Sequencing Market to reach USD 6.1 Billion by 2029 at a growth rate of 21.06 percent over the forecast period

(IT-NEWSWIRE.COM, November 30, 2023 )

As per Maximize Market research, the Whole Exome Sequencing Market was USD 1.6 Bn in 2022 and is expected to grow at a CAGR of 21.06 percent over the forecast period to reach USD 6.1 Bn by 2029.

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Whole Exome Sequencing Market Report Scope and Research Methodology

Whole Exome Sequencing Market report provides a detailed analysis of the market through segments and multiple sub-segments. The bottom-up approach was used to estimate the size of the market by value and volume. Primary and secondary research methods were used to collect data. The collected data were later analyzed by SWOT and PESTLE analysis.

Whole Exome Sequencing Market Dynamics

The Whole Exome Sequencing Market is propelled by advancements in genomic technologies, increasing applications in clinical diagnostics, and rising demand for personalized medicine. The expanding understanding of genetic diseases and decreasing sequencing costs contribute to the market's growth, fostering innovations in genomic analysis and diagnostics.

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Whole Exome Sequencing Market Regional Insights

Rapid growth in genomics research infrastructure and widespread adoption of advanced sequencing technologies drive regional expansion. North America, holding the highest market share in 2022, is anticipated to sustain its dominance through 2029, fueled by continued growth and advancements.

Whole Exome Sequencing Market Segmentation

By Product

Kits

Sequencer

Services

By Technology

Sequencing by Synthesis (SBS)

ION Semiconductor Sequencing

By Application

Diagnostics

Drug Discovery and Development

Agriculture and Animal Research

By End-User

Research Centers and Government Institutes

Hospitals and Diagnostics Centers

Pharmaceuticals & Biotechnology Companies

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Whole Exome Sequencing Market Key Competitors include:

Thermo Fisher Scientific Inc.,

QIAGEN, Illumina, Inc.

Beckman Coulter, Inc.

Eurofins Scientific

Eurofins Scientific

Maximize Market Research is leading Biotechnology research firm, has also published the following reports:

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Whole Exome Sequencing Market to reach USD 6.1 Billion by 2029 at a growth rate of 21.06 percent over the forecast period