China's DNA Sequencing Market To Grow At 21.5% CAGR By 2030
| Report Metric | Details |
| Base year considered | 2024 |
| Forecast period considered | 2025-2030 |
| Base year market size | $981.3 million |
| Market size forecast | $3.1 billion |
| Growth rate | CAGR of 21.5% for the forecast period of 2025-2030 |
| Segments covered | Products and Services, Technology, Applications, End-Users, and Provinces |
| Regions covered | Guangdong, Beijing, Shanghai, and Other Chinese Regional Markets |
| Market Drivers |
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Interesting facts:
- China has quickly become a leader in DNA sequencing. For example, the China Precision Medicine Initiative, which is federally funded, aims to sequence over 1 million genomes by 2030.
- The emergence of Chinese companies like BGI Genomics and MGI Tech is driving down the cost of sequencing and presenting a challenge to global players like Illumina by deploying homegrown technologies
- The increasing support from governments and institutions for genomics research and its applications are having a positive impact on the market's growth.
- The industry is witnessing the entry of startups focusing on technologies such as AI and data analytics.
Emerging startups:
- Element Biosciences Twist Bioscience MedGenome
The report addresses the following questions:
What are the market's projected market size and growth rate?- The Chinese DNA sequencing market is projected to grow from $981.3 million in 2024 to $3.1 billion by the end of 2030 at a CAGR of 21.5% during the forecast period.
- Technological advances in sequencing techniques and the rising applications of DNA sequencing in clinical diagnostics are driving the market's growth.
- The market is segmented by product and services, technology, application, and end-user.
- The instruments and consumables segment will dominate the market through the end of 2030.
- Guangdong province has the largest market share.
Market leaders include:
- ANNOROAD GENE TECHNOLOGY AGILENT TECHNOLOGIES INC. BURNING ROCK DX BGI BERRY GENOMICS CAPITALBIO TECHNOLOGY CO. LTD. ILLUMINA INC. NOVOGENE CO. LTD. OXFORD NANOPORE TECHNOLOGIES PLC PACBIO THERMO FISHER SCIENTIFIC INC.
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