As per this study the Global Genomics Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Genomics is the study of the genome or deoxyribonucleic acid (DNA) of an organism and associated technology. It’s a field within genetics that determine the entire DNA sequence of organisms and fine-scale genetic mapping efforts. Genomic technology enables researchers to understand drug response and disease based on genetics and also helps in the efforts to achieve personalized medicine.
The rising implementation of human genetics study for consumer wellness intends to optimize preventive care for common chronic diseases is driving the market growth. In addition, rising investments from government bodies, funding agencies, and biotechnology companies for R&D are further fuelling market growth. On the other hand, high cost of equipment used in genomics is likely to restrict the market growth during the forecast period. Whereas, higher acceptance of the sequencing procedure and rising applications in genomics is expected to boost the market growth in upcoming years.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of genomics.
The broad genomics market has been sub-grouped into product & services, technology, application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product & Services
- Polymerase Chain Reaction (PCR)
- Nucleic Acid Extraction and Purification
- Drug Discovery & Development
- Precision/Personalized Medicine
- Agriculture & Animal Research
- Research Centers
- Hospitals & Clinics
- Pharmaceutical & Biotechnology Companies
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for genomics in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Genomics Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the genomics market include Agilent Technologies, BGI, Bio-Rad Laboratories, Inc., Danaher, Eurofins, F. Hoffmann-La Roche AG, GE Healthcare, Illumina Inc., Qiagen and Thermo Fisher Scientific Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.