albany, New York -- Sep 10, 2012 / (http://www.myprgenie.com) -- The global DNA sequencing market is forecast to grow to $6.6 billion over the year 2016 at the compounded annual growth rate of 17.5% as a result of emerging technologies in this field and its use in a number of applications.DNA sequencing industry is segmented into instruments and consumables, services, and workflow products. Instruments and consumables segment are the rapidly emerging segments accounting for about $2.2 billion by the year 2016. Services segment is expected to grow significantly and reach market value of $3.5 billion with CAGR of 29% over the year 2016.
The workflow segment will reach $883.6 million at CAGR of 16.6% by 2016. The chain terminator DNA sequencing market and next generation DNA sequencing market are constantly undergoing technological changes, thus creating new opportunities and attracting new market players to this industry. The DNA sequencing industry is expected to penetrate the clinical field in the near future as DNA sequencing technologies can be used in a number of clinical applications.
The current breakthroughs in bioinformatics, imaging, nanotechnology and microfluidics are revolutionizing many life science fields and providing a novel platform for next generation DNA sequencing. This report includes comprehensive analysis of current trends in the market, industry growth drivers, factors affecting market growth, market structure, and industry projections for upcoming years. This report also includes detailed analysis of technological improvements in the field, Porter's five force model analysis, and complete company profiles of top industry players. The report provides review of micro and macro factors significant with respect to new entrants and existing market players with value chain analysis.
To BUY This Report Kindly Visit Us @:
90 State Street, Suite 700
Albany, NY 12207