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Pyrosequencing Market Size, Share and Analysis 2019- Global Industry Details Outlook by Share, Forecasts Analysis, Competitive Landscape and Key Regions 2023 |Available at Market Reports World

Pyrosequencing Market Size, Share 2020 - Global Key Leaders Analysis, Segmentation, Growth, Future Trends, Gross Margin, Demands, Emerging Technology by Regional Forecast to 2026

Cross Linked Polyethylene (XLPE) Cables MarketThe 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 Size, 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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Some of the Main Key Players Covered in the Report

  • Eurofins Genomics
  • Illumina
  • Macrogen Inc.
  • Source BioScience
  • Biotage AB, Sweden
  • EpigenDx, Inc
  • Macrogen, Inc.
  • SEQOMICS Ltd.

Key Segmentation:

By Application

  • Diagnostics
  • Drug discovery
  • Biomarker discovery
  • Personalized medicine
  • Agriculture and animal research

By End User

  • Research centers & academic/government institutes
  • Hospitals
  • Clinics
  • Pharmaceutical & biotechnology companies

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

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.

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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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.

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An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Pyrosequencing Market. Please visit: https://www.fortunebusinessinsights.com/industry-reports/pyrosequencing-market-100327

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Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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