The process of determining the order and precise sequence of nucleotides in genomes and chromosomes is known as DNA sequencing. DNA sequencing comprises the technology that determines the order of all the four bases of nucleotides, such as, guanine, adenine, thymine, and cytosine. DNA sequencing is an efficient way by which a protein or RNA is sequenced, and hence, this technology has become a key process in the area of medicine, diagnosis of diseases, molecular biology, evolution biology, metagenomics, forensics, anthropology, and other sciences. It is performed through different methods, such as, Maxam and Gilbert Method, Sanger’s Method, Pal Nyren’s Method, Hybridization Method, Slab Gel Sequencing Systems, Automatic DNA Sequencer, and Capillary Gel Electrophoresis. Better accuracy, low cost, high speed, and precise result from a small sample are some of the major advantages of DNA sequencing as compared to other methods of genome analysis. DNA sequencing platforms are used for the process of DNA sequencing and used or refurbished platforms are comparatively less expensive as compared to new platforms.
Technological advancements in the field of DNA sequencing platform, increase in the application of DNA sequencing, and low cost of the process are the key driving factors of the refurbished DNA sequencing platforms market. The emerging technologies for DNA sequencing platform is primarily based on nanopore and are manufactured by leading market players, such as, Illumina, Roche, etc. These platforms are low cost and have better accuracy and higher capacity of multiplexing. Also, increase in the number of genome mapping programs is expected to boost the refurbished DNA sequencing platforms market during the forecast period. However, dearth of skilled professionals and stringent regulations related to DNA sequencing are expected to restraint the market in the near future.
The global refurbished DNA sequencing platforms market can be segmented based on application, end-user, and region. In terms of application, the market can be divided into plant biotechnology, biomarker discovery, forensics, personalized medicines, oncology study, metagenomics, and epigenomics. DNA sequencing has been used for more than 30 years for identifying human and plant genetics and for increasing productivity in agriculture. Increase in the ability to map complete genome provides better information on plant breeds and helps in understanding the mutational and epimutational process. Based on end-user, the refurbished DNA sequencing platforms market can be classified into biotechnology and pharmaceutical companies, research laboratories, academic institutes, and hospitals & clinics.
In terms of region, the global refurbished DNA sequencing platforms market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the leading market share and dominated the global market in 2017 owing to well-developed health care system and research industry, significant adoption of technologically-advanced products, presence of a large number of manufacturers in the U.S. Asia Pacific and Latin America are expected to be lucrative markets for refurbished DNA sequencing platforms and exhibit significant growth during the forecast period owing to rise in awareness related to DNA sequencing and their applications in these regions.
Key players operating in the global refurbished DNA sequencing platforms market include Illumina, Inc., Abbott laboratories, Thermo Fisher Scientific, Inc., Beckman Coulter, Roche Holding AG, 454 Life Sciences, Agilent Technologies, Pacific Biosciences of California, Inc., Macrogen Inc., and LI-COR, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.