Genomics Market was worth US$ 26.74 Bn. in 2022 and total revenue is expected to grow at a rate of 15.35% CAGR from 2023 to 2029, reaching almost US$ 72.67 Bn. in 2029.
Genomics Market Overview
The Genomics Market Research Report provides a comprehensive overview of the market, including its current state, definitions, classifications, applications, industry chain structure, and key players. The report also includes unbiased professional commentary on the present market scenario, market performance, production and consumption rates, demand and supply ratios, and income generation over the forecast period. In addition, the report provides information on the leading businesses functioning in the Genomics industry, their strategic ambitions, and company growth strategies.The report also evaluates mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches in the Genomics market.
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Genomics Market Scope
Maximize Market Research’s Genomics Market Report provides a comprehensive analysis of the market, using a dynamic research methodology. The report covers major growth drivers, market dynamics, challenges, and scope, as well as PESTLE, Porter, and SWOT analyses. It also includes information on the latest developments and technologies in the global Genomics market.
The report provides detailed information on the global Genomics market, including market shares, supply chain analysis, and key success factors. It also includes the opinions of industry experts from top leading organizations in the global Genomics market.
The report covers the following historical years (2017-2021), base year (2022) and forecast period (2023-2029).
Genomics Market Segmentation
The market is divided into Sequencing, Microarray, PCR, Nucleic Acid Extraction and Purification, and Others based on technology. In 2022, the genomics market’s greatest share, or xx%, belonged to the PCR category. The market for genomics is expanding mostly due to technological advancements, an increase in genomics research, and decreased costs for DNA amplification using PCR. The market is primarily driven by technology investment and DNA expansion utilizing PCR. In 2022, the second segment will have the highest share of xx%. Sequencing technology has benefits including ultra-high throughput, scalability, and fast speed. It is utilized for a variety of tasks, including farming and animal breeding.
The market is further divided into the Application sub-segments of Diagnostic, Drug Discovery, Precision Medicine, and Others. The genomics market’s largest and fastest-growing application sector is diagnostics. The expansion of this market can be due to rising study of diseases including cancer and genetic disorders as well as falling sequencing costs. With more research being done on diseases like cancer and genetic disorders, together with lower sequencing costs, the drug discovery segment is currently holding the second-place spot in the market.
The market is further divided into Consumables, Systems and software, and Services based on Product and Service. In 2022, consumables will have the biggest market share (xx%). Consumables are still being used in the genomic system, and the number of genomic tests being performed worldwide is rising. This is one of the market-influencing elements. The segment’s income is produced by significant players using nucleic acids and reagents. With the debut of a product meant to make whole genome sequencing accessible and inexpensive for laboratories of all sizes in June 2021, Illumina Inc. announced the NovaSeqTM 6000 reagent kit in August 2021. The Magbind viral RNA Xpress kit was introduced by Omega bio-tek Inc. to quickly and accurately isolate viral RNA from swab samples.
Genomics Market Size and Forecast, by Product & Service (2022-2029)
1. Consumables
2. Systems and software
3. Services
Genomics Market Size and Forecast, by Technology (2022-2029)
1. Sequencing
2. Microarray
3. PCR
4. Nucleic Acid Extraction and Purification
5. Others
Genomics Market Size and Forecast, by Test Type (2022-2029)
3. Diagnostic Test
3. Genetic Test
3. Newborn Screening
4. Pre-implantation Testing
5. Prenatal Testing
6. Carrier Testing
Genomics Market Size and Forecast, by Application (2022-2029)
1. Diagnostic
2. Drug Discovery
3. Precision Medicine
4. Others
Genomics Market Size and Forecast, by Method (2022-2029)
1. Molecular Test
2. Chromosomal Test
3. Biochemical Test
Genomics Market Size and Forecast, by End User (2022-2029)
1. Research Centers
2. Hospitals and Clinics
3. Pharmaceutical Companies
Genomics Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Genomics Market Key Players
1. Thermo Fisher Scientific Inc
2. Illumina Inc.
3. QIAGEN N.V.
4. Agilent Technologies Inc
5. Eurofins Scientific
6. BGI
7. GE Healthcare
8. Bio-Rad Laboratories Inc
9. F. Hoffmann-La Roche Ltd
10.Oxford Nanopore Technologies
11.Beijing Genomics Institute
12.Foundation Medicine, Inc
13.23andMe, Inc
14.Pacific Biosciences of california
15.Myriad Genetics, Inc.
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Regional Analysis
The report provides the statistical market growth data for every influencing economy in the global Genomics market. The various countries like North America, Asia-Pacific, Europe, Latin America, and MEA are considered while preparing report. All the emerging trends with population growth along with government strategies and regulations are covered in the report. The final conclusion part of regional insights consists, of all economies’ in the market influencing data in the form of historical as well as forecasted period.
Key Questions answered in the Genomics Market Report are:
- What is the forecast period of the Genomics Market?
- What is the competitive scenario of the Genomics market?
- Which region held the largest market share in the Genomics Market?
- What are the opportunities for the Genomics Market?
- What are the restraining factors in the Genomics market?
- Who are the key players of the Genomics market?
Key offerings:
- Past Market Size and Competitive Landscape (2017 to 2022)
- Past Pricing and price curve by region (2017 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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