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The global Genomics Market was valued at USD 13.2 billion in 2016 and is projected to reach USD 30.59 billion by 2025, growing at a CAGR of 9.78% from 2017 to 2025.
Genomics is sequencing based technology which relies on finding out the nucleotide bases coupling and placement of DNA or genetic material of target organism or patient. The sequences are utilized in diverse ways, either in Healthcare and Pharmaceutical sector or in Gene therapy and Research Projects of evolutionary Biology.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing Growth and funds for Genomics projects
1.2 Growing demand due to less sequencing costs
1.3 Growing demands and applications of genomics in Healthcare
1.4 New company launches in Genomics sector of biotech and Bioinformatics
2. Market Restraints
2.1 High equipment cost
Market Segmentation:
1. Global Genomics Market, by Technology:
1.1 Sequencing
1.2 Microarray
1.3 PCR
1.4 Nucleic Acid Extraction and Purification
1.5 Other Technologies
2. Global Genomics Market, by Products and Services:
2.1 Instruments and Systems
2.2 Consumables
2.3 Services
3. Global Genomics Market, by Application:
3.1 Diagnostics
3.1.1 Cancer Diagnostics
3.1.2 Monogenic (Mendelian) Disorders
3.1.3 Other Diagnostic Applications
3.1.3.1 Common Diseases and Complex Disorders
3.1.3.2 Movement Disorders
3.1.3.3 HIV
3.2 Drug Discovery and Development
3.3 Precision Medicine
3.4 Agriculture & Animal Research
3.5 Other Applications
4. Global Genomics Market, by Process:
4.1 Sequencing
4.2 Library Preparation
4.3 Data Analysis
5. Global Genomics Market, by End User:
5.1 Research Centers and Academic & Government Institutes
5.2 Hospitals and Clinics
5.3 Pharmaceutical & Biotechnology Companies
5.4 Other End Users
6. Global Genomics Market, by Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Illumina
2. Agilent Technologies
3. Thermo Fisher Scientific
4. Eurofins Scientific
5. Qiagen
6. GE Healthcare
7. F. Hoffmann-La Roche
8. Oxford Nanopore Technologies
9. Bio-Rad Laboratories
10. BGI
11. Eppendorf
12. Pacific Biosciences of California
13. Danaher
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Genomics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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