Whole exome sequencing is a technique used for strategically sequencing all the protein coding genes in a genome known as exon. There are around 1, 80,000 exons, which constitute about 1% of the human genome. Whole exome sequencing is widely used for identifying genetic variants responsible for diseases such as Miller Syndrome and Alzheimer’s disease. Low cost associated with the whole exome sequencing, as compared to the whole genome sequencing. The whole exome sequencing market is segmented on the basis of products and services into kits, systems and services. The whole exome sequencing market is segmented on the basis of application into personalized medicine, diagnostics, drug discovery and others. The whole exome sequencing market is segmented on the basis of end-user into hospitals and clinics, research centers, pharmaceuticals companies and others.
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North America represents the largest market for whole exome sequencing. Increasing use of whole exome sequencing for diagnosis of rare diseases and increasing awareness about whole exome sequencing technology with the large number of sequencing-related conferences and annual meetings hosted by the U.S. drives the whole exome sequencing market in the North America region. Europe represents the second largest market for whole exome sequencing. Huge investment in rare diseases research and increasing awareness about whole exome sequencing technology with the large number of sequencing-related conferences and annual meetings hosted by the Europe boost the whole exome sequencing market in the Europe. Asia-Pacific is expected to be the fastest growing market for whole exome sequencing. Regular government funding and large numbers of conferences related to whole exome sequencing technique are the major driving force for whole exome sequencing market in the Asia-Pacific region.
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The low cost and high speed associated with whole exome sequencing technology, technological advancement in the whole exome sequencing technique and global alliances amongst leading research institute are some of the major driving force for whole exome sequencing market. The need for skilled professionals and high instrument costs are the major factors that are restraining the growth of whole exome sequencing market.
The major companies operating in the whole exome sequencing market include Roche NimbleGen, Inc., Illumina, Inc., BGI (Beijing Genomics Institute, China), Ambry Genetics, Sengenics, Knome, Inc., GENEWIZ, Inc. and Eurofins Genomics, Inc.
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Whole Exome Sequencing Overview
The Whole Exome Sequencing market report has numerous segments clarifying the significance of statistical surveying for the following forthcoming decade (2020-2027). This report is intended to oblige requests of those organizations that wish to move into new market section. This step is majorly done by those organizations who want to expand their business portfolio along with realizing profits. The test run using the report guidelines help in gauging the market that further leads to fortifying the plan. This can be considered a smart marketable strategy. This tactic not only saves time but also the capital of the companies.
Whole Exome Sequencing Market was valued at USD 1.01 Billion in 2019 and is projected to reach USD 4.7 Billion by 2027, growing at a CAGR of 21.2% from 2020 to 2027.
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It is essential to follow the past trends as they give a detailed vision of the upcoming trends. With the idea about the latest trends, the Whole Exome Sequencing report underlines the market drivers, weaknesses, opportunities and threats present in the existing market. Due to ongoing COVID-19 pandemic, majority of the businesses have succumbed to the market dip.
It must be noted that the Whole Exome Sequencing market is one of the industries that were able to push past the market turbulence. This report gives background details of the market scenario along with suggesting steps to increase the ROI along with improving the probability of demand in the new market.
The study provides a comprehensive qualitative and quantitative analysis of the factors affecting the market with an aim to provide an in-depth analysis of growth trends in the market. The report aims to provide an accurate insight into the current and emerging trends of the market. Moreover, the report covers technological developments, market value analysis, volume, and micro- and macro-economic factors affecting the growth of the industry, along with the latest industry trends.
The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:
The study provides a detailed analysis of the market with respect to historical data, futuristic outlook of the market size and volume along with regulatory framework and development trends. The report further explores the market trends and demands in the major geographical regions of the global Whole Exome Sequencing market along with a detailed analysis of the segments and sub-segments of the market.
Whole Exome Sequencing Market, By Product
Whole Exome Sequencing Market, By Technology
• Sequencing by Synthesis
• Ion Semiconductor Sequencing
Whole Exome Sequencing Market, By Application
• Drug Discovery and Development
• Personalized Medicine
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A regional outlook containing market size, volume, share, volume, and cost analysis is offered in the report. Moreover, an in-depth analysis of the import/export, production and consumption ratio, gross profit, revenue generation, cost analysis, and other key data pertaining to the competitive landscape is offered in the report.
Radical information covered in the report:
- Regulatory framework of the industry and government policies of the industry
- Cost analysis, manufacturing and production analysis, and revenue estimations
- Micro- and macro-economic factors affecting the growth of the industry
- Regional outlook with analysis of key segments of the market
The report offers:
- An extensive overview of the Whole Exome Sequencing industry and its workings
- Analysis of the market dynamics including drivers, constraints, challenges, threats, and opportunities of growth in the Whole Exome Sequencing industry
- Current and emerging market trends observed at each key geographical region in the Whole Exome Sequencing industry
- A thorough forecast estimation of the growth and size of the market
- Detailed coverage of research and development of the Whole Exome Sequencing sector and study of the demands and application exploration of the products offered in the sector
- Thorough and detailed analysis of the competitors and their product portfolio
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Key Questions Answered by the Report:
- Which market segment or sub-segment is expected to grow at the highest CAGR during the forecast timeline?
- What is the forecast valuation of the Whole Exome Sequencing market?
- Who are the leading players in the industry? What are the weaknesses and strengths of these players?
- What are the strategic business steps and initiatives taken by the key competitors in the industry?
- What region is expected to dominate the market in the forecast period?
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