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DNA Diagnostics Market is Expected to Reach $19 Billion by 2020 – Allied Market Research

August 28, 2014

PORTLAND, Oregon, August 28, 2014 /PRNewswire/ –

The new report by Allied Market Research titled, “DNA diagnostics Market (products,
applications, techniques, end users and Geography) Global Size, Industry Analysis, Trends,
Opportunities, Growth and Forecast, 2013 – 2020,” indicates that the global DNA
diagnostics market would reach $19 billion by 2020 registering a CAGR of 9.8% from 2014 to
2020. The potential to provide accurate diagnosis and cost effectiveness over alternative
diagnostic techniques are factors which supplement the growth of the DNA diagnostics
market.

The latest figures suggest that approximately 8.2 million people are living with
cancer and 39 million with HIV. These numbers are set to increase consistently; however,
advanced automated DNA diagnostics technologies such as next generation sequencing could
play a crucial role in diagnosing and curbing these diseases. “Next generation sequencing
has had a significant impact on diagnostic procedures and is set to gain momentum in the
foreseeable future.”, states AMR analyst Sharayu Dhabale. “Next generation sequencing not
only reduces the cost of sequencing, but increases the throughput as well; it could thus
help in bridging the gaps in traditional and personalized medications”, adds the analyst.
This makes it a promising investment opportunity for key players. Illumina Inc’s new
cost-effective genome machine HiSeq X Ten -the world’s first DNA crunching supercomputer-
is leading to a significant reduction in the price of sequencing a human genome.

To View the complete report, visit the website at

http://www.alliedmarketresearch.com/DNA-diagnostics-market

AMR analysis suggests that the tremendous potential of novel DNA diagnostic
technologies and the probability of them being adopted in personalized medicines has not
only reduced the expenditure in diagnostic procedures but has also helped in increasing
the efficiency of chronic disease identification. Furthermore, the emergence of
personalized medicines and the rising number of initiatives vis-a-vis product development
and clinical trials from key players has laid the groundwork for DNA diagnostics
technologies. Various technologies such as PCR, sequencing technology, microarray, in situ
hybridization and mass spectrometry are considered in this report, with special emphasis
on key market trends and their growth potential. Given its wide scope of application in
almost all activities related to DNA diagnostics, the polymerase chain reaction (PCR)
technology holds the largest share of DNA diagnostics market revenue.

Market analysis in terms of geography suggests that developed economies would retain
their dominance in the market. This could be attributed to the early adoption of the
technology due to potential reduction offered by DNA diagnostic to their high healthcare
expenditure. However, developing economies, such as in Asia-Pacific, will significantly
influence the DNA diagnostic market during the extended forecast period (2020-2025),
largely due to potential growth in per capita healthcare expenditure and very large
undiagnosed population.

Several companies operating in this region are seeking novel technologies to gain
traction in the competitive market. Product launch is the key strategy adopted by
companies operating in this market. These companies are developing novel products for the
treatment of various diseases such as infectious diseases, cancer, prenantal diagnosis,
pre-implantation diagnostics and myogenic disorder. Additionally, these companies are also
adopting collaboration and acquisition to retain their respective positions and to gain
traction in the market. Key companies profiled in the report are Bayer Diagnostic, Sysmex,
Roche Diagnostics, Abbott laboratories, Cephide, Gene-probe Inc., Illumina, Inc., Thermo
Fisher Scientific, Bio-Rad Laboratories, Johnson and Johnson, and Novartis.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting
wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides
global enterprises as well as medium and small businesses with unmatched quality of
“Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view
to provide business insights and consulting to assist its clients to make strategic
business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in
digging out market data that helps us generate accurate research data tables and confirms
utmost accuracy in our market forecasting. Each and every data presented in the reports
published by us is extracted through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement methodology includes deep
online and offline research and discussion with knowledgeable professionals and analysts
in the industry.

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SOURCE Allied Market Research


Source: PR Newswire



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