According to a new report published by Allied Market Research, titled, “sanger’s Sequencing Service Market by Application and End User: Global Opportunity Analysis and Industry Forecast, 2013-2025. The global sanger’s sequencing service market was valued at $192 million in 2013 and is projected to reach $1,085 million by 2025, at a CAGR of 14.2% from 2018 to 2025. The growth of the market is driven by factors such as increase in the usage and applications of sanger’s sequencing, especially in oncology research, diagnostics, reproductive health, and others. Furthermore, the market for sanger’s sequencing services has witnessed tremendous growth in the recent years, due to upsurge in demand for this technique in genomics, transcriptomics, and other life science-related research areas.
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sanger’s sequencing has the potential to precisely differentiate between the genetic variations and facilitate the generation of potent biomarkers for medicine and disease diagnosis. In addition, low sequencing time, concise protocol length, and rise in cost of sequencing have increased its usage in biomarker discovery and cancer. The global biomarker & cancer sanger’s sequencing service market is expected to reach $390 million by 2025.
COVID-19 Impact Analysis:
1) The COVID-19 impact on the Sangers Sequencing Service Market is unpredictable and is expected to remain in force till the fourth quarter of 2021.
2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.
3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.
4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.
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Key Benefits for Stakeholders
- This report entails a detailed quantitative analysis along with the current global Sangers Sequencing Service Market trends from 2018 to 2027 to identify the prevailing opportunities along with the strategic assessment.
- The Sangers Sequencing Service Market forecast is studied from 2018 to 2027.
- The Sangers Sequencing Service Market size and estimations are based on a comprehensive analysis of key developments in the endoscopic retrograde cholangiopancreatography industry.
- A qualitative analysis based on innovative products facilitates strategic business planning.
- The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the Sangers Sequencing Service Market.
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