The new report by Expert Market Research titled, ‘Global Genomics Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global genomics market, assessing the market based on its segments like product, technology, application end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/genomics-market/requestsample
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 19.6 Billion
• Forecast CAGR (2023-2028): 9.5%
The growth of the global market for genomics is driven by the increasing research and development activities in life sciences sector. The widespread application of genomics in pharmaceutical and biotechnology industries for drug development, diagnostics, toxicogenomic and pharmacogenomics, among others are expected to propel the market growth. Additionally, rising government funding, increasing genome studies, and declining cost for genome sequencing may likely push the growth further.
Moreover, the factors such as the ability to diagnose predisposition for genetic illness at earlier stage and development of precise and efficient personalised medicines through genomic studies are anticipated to bolster the genomics market growth over the forecast period.
Genomics Industry Definition and Major Segments
Genomics is the branch of molecular biology dealing with the study of genomes. Genome refers to the genetic material of an organism consisting of nuclear, plasmid, mitochondrial and chloroplast DNA and RNA. Genomics includes study of structure, function, evolution, and mapping of genomes.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/genomics-market
The genomics industry is broadly divided on the basis of product into:
• Consumables
• Systems and Software
• Services
Based on technology, the genomics market is divided into:
• PCR
• Sequencing
• Microarray
• Nucleic Acid Extraction and Purification
• Others
The genomics market is segmented on the basis of application into:
• Diagnostics
• Drug Discovery and Development
• Precision Medicine
• Agriculture and Animal Research
• Others
Based on end-uses, the genomics market is divided into:
• Research Centres and Academic and Government Institutes
• Hospitals and Clinics
• Pharmaceutical and Biotechnology Companies
• Others
The regional markets for genomics include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Genomics Market Trends
Regionally, North America is expected to dominate the global genomics market. This can be attributed to the increasing research activities and demand for precision medicines. Europe is projected to follow North America due to the presence of key biotechnology and pharmaceutical players in the region. Additionally, the rising incidences of genetic disorders in the geriatric population is further expected to aid the market growth. Meanwhile, Asia Pacific is projected to witness the fastest growth rate over the forecast period owing to the increasing expenditure for pharmaceutical industry.
Key Market Players
The major players in the market are Oxford Nanopore Technologies, F. Hoffmann-La Roche, Illumina, Inc. (NASDAQ: ILMN), Qiagen, Eurofins Scientific, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., BGI Group and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us:
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: John Millence, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
LinkedIn: https://www.linkedin.com/company/expert-market-research
