China 's gene sequencing market is predicted to grow from Global Market Insights ($ 1.06bn ) last year to CNY18.3bn by annual , thanks to increased investment from equipment makers and rising consumer income, according to Beijing -based CCID Consulting . Published: 10:02am, 30 Jul, 2018 Updated: 11:01pm, 30 Jul, 2018 The international market is currently worth $ 1bn , but Global Market Insights predicted it will expand to $ 22bn by annual . It is good news for firms such as Tencent-backed Centrillion, which has developed third -generation DNA-sequencing semiconductor chips. It has two plants based in China and harbours ambitions of achieving annual revenues of $ 1bn .
China 's gene sequencing market is predicted to grow from Global Market Insights ($ 1.06bn ) last year to CNY18.3bn by annual , thanks to increased investment from equipment makers and rising consumer income, according to Beijing -based CCID Consulting . The international market is currently worth $ 1bn , but Global Market Insights predicted it will expand to $ 22bn by annual . It is good news for firms such as Tencent-backed Centrillion, which has developed third -generation DNA-sequencing semiconductor chips. It has two plants based in China and harbours ambitions of achieving annual revenues of $ 1bn .