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Market Research Forecasts DNA Sequencing Market Growth at 17% CAGR by 2016(April 30, 2012)
ROCKVILLE, MD -- (Marketwire) -- 04/30/12 -- MarketResearch.com has announced the addition of the new report "DNA Sequencing: Emerging Technologies and Applications," to their collection of Biotechnology market reports. For more information, visit http://www.marketresearch.com/BCC-Research-v374/DNA-Sequencing-Emerging-Technologies-Applications-6904455/
The global market for sequencing products was nearly $3 billion in 2011, and it is forecast to grow at a compound annual growth rate (CAGR) of 17.5% to reach $6.6 billion by 2016.
Sequencing instruments and consumables made up the largest market segment in 2011, with revenues of nearly $1.6 billion. BCC expects this market to grow to $2.2 billion by 2016, a CAGR of 7.3%.
The sequencing services market was $838 million in 2010, which reached nearly $988 million in 2011. Sequencing services comprise the fastest-growing market segment with a 29% CAGR estimated to reach $3.5 billion by 2016.
For more information, visit http://www.marketresearch.com/BCC-Research-v374/DNA-Sequencing-Emerging-Technologies-Applications-6904455/
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