
Report ID: UCMIG35H2153
SkyQuest Technology's Targeted sequencing and resequencing market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Targeted Sequencing And Resequencing Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
In 2022, the global targeted sequencing and resequencing market reached a significant valuation of USD 5.08 billion. Going forward, this market is projected to witness substantial growth, with a compound annual growth rate (CAGR) of 22.59% anticipated from 2023 to 2030. The escalating adoption of targeted sequencing and resequencing techniques, particularly in the field of genomics research and personalized medicine, is a key driver for this growth. These advanced technologies enable precise analysis of specific regions of DNA, facilitating the identification of genetic variations and aiding in disease diagnosis, treatment selection, and drug development. The continuous advancements in sequencing technologies, coupled with decreasing costs and growing investments in genomics research, are expected to fuel the expansion of the global targeted sequencing and resequencing market in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Biotechnology by segment aggregation, the contribution of the Biotechnology in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35H2153
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