The use of duplex sequencing to improve DNA sequencing accuracy may gain considerable momentum and serve as a prime growth generator for the growth of the duplex sequencing market across the forecast period of 2019-2029.
The use of duplex sequencing to improve DNA sequencing accuracy may gain considerable momentum and serve as a prime growth generator for the growth of the duplex sequencing market across the forecast period of 2019-2029. The growing use of duplex sequencing in the diagnosis of cancer and forensic applications may bring good growth opportunities for the duplex sequencing market. Prominent end-uses of the duplex sequencing market are clinical research organizations, academic institutes and research institutes, diagnostic laboratories, and forensic laboratories.
Increased Funding Fueling Growth of Duplex Sequencing Market
The duplex sequencing market has garnered considerable attention from various investors and funding corporations. Key players of the duplex sequencing market are always in the process of securing good funding for carrying research and development activities across various parameters of duplex sequencing. For instance, TwinStrand Biosciences recently secured $16 million in a Series A funding round led by Madrona Venture Group. This funding will accelerate the process of TwinStrand’s development of the next-gen duplex sequencing method that leads to the rapid detection of carcinogens. Such developments lead to an increase in the growth of the duplex sequencing market.
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Advancements in technology may bring tremendous growth opportunities for the duplex sequencing market. The use of cloud technologies and advanced error correction algorithms for 10000x more accuracy, when compared to standard sequencing processes, may assist the duplex sequencing market to climb the growth ladder.
Based on product type, duplex sequencing market has been segmented into instruments, reagents, kits and software application tools. Based on by application type, duplex sequencing market is segmented into metagenomics, paleogenomic, cancer research, forensic testing, and whole-genome analysis. Based on by end user type, duplex sequencing market is segmented into diagnostic laboratories, academic institutes and research institutes, clinical research organizations, forensic laboratories.
North America to Serve as Key Region for Growth Generation
North America may paint strokes of growth on the regional canvas of the duplex sequencing market due to growing cases of cancer. In addition, the presence of well-equipped health infrastructure and great research facilities may also aid in boosting the growth rate of the duplex sequencing market. East Asia is likely to display promising growth across the forecast period.
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Europe is anticipated to be the second largest duplex sequencing market in terms of revenue due to presence of advanced medical facilities and well-developed infrastructure. Amongst fastest growth region, East Asia will show robust growth in duplex sequencing market in the forecast period. Overall, the growing demand for genomic research globally will help in the growth of duplex sequencing market.
Key players in the Duplex Sequencing Market:
- GE Healthcare
- Merck KGaA
- Kapa Biosystems
- Thermo Fisher Scientific
- Promega Corporation
- xGen®
- Illumina, Inc,
- AlphaHelix Technologies
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