Genome Sequencing Market Predicted To Reach USD 61.5 Bn By 2032, With An Approximate 15.9% CAGR
The genome sequencing market has witnessed impressive growth, driven by advancements in technology and decreasing costs. High-throughput sequencing technologies like Next-Generation Sequencing (NGS) and Single-Molecule Sequencing (SMS) had revolutionized the industry, enabling faster and more accurate DNA sequencing. Major players like Illumina and Thermo Fisher Scientific dominated the competitive market. The applications of genome sequencing extended beyond healthcare. In agriculture, genome sequencing played a pivotal role in crop improvement and breeding programs. It helped identify beneficial traits in plants and animals, facilitating targeted genetic modifications. However, challenges in data management, ethical considerations regarding genetic information, and interpreting vast genomic data…
- Date: August 3, 2023
- Author: Robert Shaw
- Category: Taiwan News