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.