Semiconductor sequencing is a method of DNA sequencing, in which hydrogen ions are detected which are released during polymerization of DNA. Semiconductor sequencing is a type of sequencing, which is adopted by various researchers to obtain better outcomes. Economic growth and inflation, is an important macro- economic factor, which can affect the semiconductor sequencing market. The biomedical research field is growing, especially in the emerging regions, which can lead to the significant growth of semiconductor sequencing market. Changing biomedical research dynamics, especially in emerging economies, such as India, China, Brazil etc., can fuel the growth opportunities in the semiconductor sequencing market.
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Increasing research and developmental activities in the field of biotechnology and life sciences, is one of the important factor, which is expected to increase the growth of semiconductor sequencing market. Increasing number of research laboratories, in developed as well as in developing regions can also increasing the growth of semiconductor sequencing market. Other factors such as favourable reimbursement, introduction of various government programs etc. can increase the growth of semiconductor sequencing market. Increasing prevalence of cancer, is expected to increase the growth of semiconductor sequencing market. Increasing biomedical research, using clinical oncology next generation sequencing, is expected to boost the overall semiconductor sequencing market. Another major factor, which can be responsible for the growth of overall market is the substantial decrease in the prices of next generation sequencing. Next generation sequencing provides cost effectiveness per read, which is expected to increase the growth of semiconductor sequencing market. Introduction of different bioinformatics tools, due to technological advancement, is expected to increase the growth of semiconductor sequencing market. Introduction of life science research in various academic research institutes, is expected to increase the growth of semi-conductor sequencing market.
There are a few factors, which can hinder the overall growth of the semiconductor sequencing market. High cost, associated with the establishment of sequencing platforms, can be a major factor, expected to decline the growth of the semiconductor sequencing market.
The global Semiconductor Sequencing market is segmented on the basis of treatment type, distribution channel, and geography:
- Segmentation by Components
- Sequencing Platforms
- Sequencing Products
- Kits and Reagents
- Segmentation by Application Type
- Whole Tumor Genome Sequencing
- Whole Tumor Exome Sequencing
- Targeted Tumor Genome Profiling
- Tumor-Normal Comparisons
- Segmentation by End users
- Hospital Laboratories
- Clinical Research Organizations
- Diagnostic Laboratories
Based on the components, semiconductor sequencing market is segmented into sequencing platforms, sequencing products, kits and reagents and other components. Kits and reagents are expected to hold a large revenue share in the semiconductor sequencing market. Based on the applications, the global semiconductor sequencing market has been segmented into whole tumor genome sequencing, whole tumor exome sequencing, targeted tumor genome profiling, tumor-normal comparisons and other applications. Whole tumor genome sequencing is expected to hold a large revenue share in the semiconductor sequencing market. Based on the end user, the semiconductor sequencing market has been segmented into hospital laboratories, clinical research organizations, diagnostic laboratories and other end users. Clinical research organization is expected to grow at a significant rate in the semiconductor sequencing market.
Geographically, global Semiconductor Sequencing market is segmented into several key regions viz. North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America will continue to dominate the global semiconductor sequencing market because of the technological advancements in the field of research and developmental activities. Europe is expected to hold second largest share in global semiconductor sequencing market. Asia Pacific is also expected to hold a large revenue share in the global semiconductor sequencing market because of the increasing government support for life science projects.
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There are many key players in the semi-conductor sequencing market. Some of the players identified in the global Semiconductor Sequencing market include Thermo Fisher Scientific, Inc., Illumina Inc., Baylor Scott & White Health, Ion Torrent Systems Inc., Bio- Rad Laboratories Inc. etc.