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The North America DNA sequencing products market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 15.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
DNA sequencing is the process used to know the precise sequence of the four DNA nucleotide bases. These include cytosine, adenine, thymine and guanine bases within a DNA molecule. DNA sequencing plays an important role in mapping out the human genome. It has other research applications, such as determining numerous nucleotide variations related to distinctive genetic diseases. This helps in understanding these diseases in order to advance the treatments associated with them.
North America DNA sequencing products market is currently being driven by several factors. The presence of high R&D investments pertaining to new drug discoveries and developments have catalyzed the demand for DNA sequencing products in the region. Additionally, the rising per capita incomes have induced the high healthcare expenditures in the region, thus escalating the market growth. Moreover, growing geriatric population and prevalence of several chronic diseases have also fueled the demand for DNA sequencing products. Apart from this, the presence of prominent drug manufacturers and availability of skilled professionals in the healthcare sector are also expected to spur the market growth in the coming years.
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Report Customization: Although IMARC has tried to cover everything in the North America DNA sequencing products market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
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