Press release
Genomics Market to Reach USD 72.67 Bn by 2029, emerging at a CAGR of 15.35 percent and forecast 2023-2029
Genomics Market
The research is based on 2022 as the base year, leveraging real numbers and outputs from key players globally. Five years of past trends are considered, and the exceptional circumstances of 2022, including the impact of regional lockdowns, are analyzed. The methodology ensures a robust understanding of the market dynamics.
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What are Genomics Market Dynamics:
The government is increasing funding in genomics projects. In the US to study the treatment of tumor expenses will increase 7% to 10% yearly in 2021 with cost exceeding to $ 150 Bn. in India the department of biotechnology starts the project 'Genome India Project'. Under that project 10,000 samples are collected to build a reference genome. In Canada the ministry of science and sport raised the funding of USD 33.4 million to support 36 research projects. One of the important factors, which are likely to have a significant impact on the genomics market, is how much and to what extent the medical community will make use of existing genomic information in personalized medicine.
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Genomics Market Regional Insights:
North America dominated the market with over 39% share in 2022, driven by abundant funds and extensive research in molecular biology. Europe, spurred by initiatives from the European Union, is also a significant market. Asia Pacific is expected to witness substantial growth, fueled by strengthening economies in India and China and increased government focus on genomics research.
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What is Genomics Market Segmentation:
by Product & Service
Consumables
Systems and software
Services
by Technology
Sequencing
Microarray
PCR
Nucleic Acid Extraction and Purification
Others
by Test Type
Diagnostic Test
Genetic Test
Newborn Screening
Pre-implantation Testing
Prenatal Testing
Carrier Testing
by Application
Diagnostic
Drug Discovery
Precision Medicine
Others
by Method
Molecular Test
Chromosomal Test
Biochemical Test
by End User
Research Centers
Hospitals and Clinics
Pharmaceutical Companies
Who are 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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Table of content for the Genomics Market includes:
Global Genomics Market: Research Methodology
Global Genomics Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Genomics Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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