DNA Sequencing Market Will Exceed USD 74 Billion by 2033
- The DNA sequencing market was valued at USD 14.88 billion in 2024.
- Rapid growth is anticipated due to advancements in technologies and applications in health care and agriculture.
- The market is expected to exceed USD 74 billion by 2033, indicating a robust expansion.
On November 11, 2024, Straits Research reported significant growth in the global DNA sequencing market, valued at USD 14.88 billion in 2024. The market is expected to grow at a compound annual growth rate (CAGR) of 21.65% from 2025 to 2033, indicating a strong demand for DNA sequencing technologies. Applications span across various sectors, including oncology, agrigenomics, and food safety, emphasizing the role of sequencing in personalized medicine and agricultural advancements. Key drivers include advancements in sequencing technologies and government support for genomics research, particularly in personalized medicine. The market comprises segments such as consumables, instruments, and services, with pharmaceutical and biotechnology companies being the largest revenue contributors.