DNA Sequencing Market Size

DNA Sequencing Market size is estimated at USD 12.9 billion in 2024 and is expected to reach USD 69.7 billion by the end of 2037, registering a CAGR of 15.1% during the forecast period., i.e., 2025-2037. In 2025, the industry size of DNA sequencing is assessed at USD 14.8 billion.  

The demand for faster cancer diagnosis is one of the most prominent drivers to boost global DNA sequencing market growth during the forecast period. DNA sequencing has seen a broader use in various applications due to the rapid advances in bioinformatics. The rising cases of cancer globally have boosted the demand for advanced DNA sequencing to help identify the changes in the cancer genome.

DNA sequencing helps identify the DNA changes that can increase the cancer risks in an individual. As per a World Health Organization (WHO) report in February 2024, there were an estimated 20 million new cancer cases and 9.7 million deaths. The report stated that 1 in 5 people develop cancer in their lifetime. DNA sequencing can identify the acquired changes and help in choosing appropriate targeted therapies. National governments are now investing more in DNA sequencing research to expand the DNA sequencing market growth to streamline the future care of its citizens.

As per the current trends in DNA sequencing research, next-generation sequencing (NGS) has led to the ability to analyze DNA molecules accurately and cost-effectively. In April 2023, researchers at MIT and Harvard developed Concatenating Original Duplex for Error Correction (CODEC), which increases the efficacy of next-generation sequencing by 1000%. CODEC can monitor minute cancer mutations in blood samples and identify mutations leading to rare diseases. Groundbreaking research such as this is enhancing global DNA sequencing market growth.