Pyrosequencing Market Size| 2021 Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players And Regional Forecast latest study published by Fortune Business Insights. The rising prevalence of chronic diseases all over the world is boosting the global pyrosequencing market, says Fortune Business Insights in their new study. The study is titled, “Pyrosequencing Market”, Share and Global Trend By Application (Diagnostics, Drug discovery, Biomarker discovery, Personalized medicine, Agriculture and animal research), End-User (Research centers & academic/government institutes, Hospitals, Clinics, Pharmaceutical & biotechnology companies) and Geography Forecast till 2026.”
According to the study, the increase in investments made on personalized medicine has helped the personalized medicine sub-segment to dominate the global market, with respect to application segment. This is likely to remain the same during the forecast period as well.
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Global Pyrosequencing Market Highlights:
The Pyrosequencing Market report offers an in-depth analysis of the Pyrosequencing industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Pyrosequencing market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Pyrosequencing Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Pyrosequencing market to figure out and study the market’s needs, market size, and competition.
Increasing Number of Chronic Diseases among Geriatric Population to Boost Market
The rising number of geriatric population is among a major driver for the growth of the pyrosequencing market. This is because aged people are more vulnerable towards their health and are prone to fall prey to chronic diseases of the heart, kidney, or acquire diabetes, cancer, and others. The rise in prevalence of chronic diseases is among the major drivers for the market for pyrosequencing.
Additionally, with the advancement in medical technology and up gradation of healthcare equipment, the market is anticipated to witness robust speed in growth. Both the government and private sectors of the healthcare and medical industry are increasing their investments in pyrosequencing market in order to develop a better cure. Such initiatives are likely to bode well for the global market in the long run.
On the flipside, the high cost of equipment and high cost associated with the maintenance of such equipment may hinder the market in the future. Again, unfavorable reimbursement policies by the government in some under developed or developing regions may restrict the market from growing further during the forecast period.
Some of the Main Key Players Covered in the Report
- Eurofins Genomics
- Macrogen Inc.
- Source BioScience
- Biotage AB, Sweden
- EpigenDx, Inc
- Macrogen, Inc.
- SEQOMICS Ltd.
The Asia Pacific to Witness Fastest Growth with Increasing Demand for Personalized Medicines
Fortune Business Insights foresees the global pyrosequencing market to be dominated by North America. This is owing to the higher adoption of advanced diagnostic and analytical tool, combined with rising awareness about personalized medicines among the patient population. Personalized medicines are gaining popularity due to the increasing incidences of a new type of cancer every year, in developed nations such as the U.S.
The American Society of Cancer states an estimate of 1.6 million new cancer cases in the year 2017 in America, followed by Europe. However, the market in the Asia Pacific is anticipated to show faster growth rates on account of riding disposable incomes and the willingness of people to spend more on healthcare and medical expenses. Again, the increasing number of geriatric population and their susceptibility towards acquiring various chronic diseases is also expected to boost the market in the region during the forecast period.
Key Industry Developments:
- In August 2018, Institute of Biology and Ecology in collaboration with Institute of Animal Physiology used 454 pyrosequencing by for the analysis of the bacterial community from high alkaline (pH > 13) drainage water at a brown mud disposal site in a region of Slovakia.
- In July 2017, PyroTyping, a novel pyrosequencing-based assay was developed for the mycobacterium tuberculosis genotyping.
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