Staff Reporter
Published:
Global DNA sequencing market to witness 18.6% CAGR growth through 2029
However, high costs and data interpretation difficulties pose challenges to the sector.
The global DNA sequencing market is projected to hit $34.8b by 2029, with a compound annual growth rate of 18.6%, said BCC Research.
The sector’s expansion is driven by developments in sequencing technologies, growing applications in clinical diagnostics, the rise of precision medicine, and the increased awareness of non-invasive prenatal testing.
Meanwhile, challenges such as high costs and difficulties in data interpretation and management may impact market growth.
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