Genomics Market Anticipated for Progressive CAGR Growth During 2012-2022: Affymetrix, Inc., Agilent Technologies, BGI

This study provides insights about the Genomics Market in regards to its uses and benefits. We at Crystal Market Research (CMR) provide updated information that is beneficial in decision making regarding business investments.

Competitive Outlook and Trend Analysis:

The major market players for global genomics market include Affymetrix, Inc., Agilent Technologies, BGI, Bio-Rad Laboratories Inc., GE Healthcare, Illumina Inc., Qiagen, Roche Diagnostics, Life Technologies Corporation, Cepheid, Inc., and others. Tactical partnerships, acquisitions, new product launches and geographic growth are the most frequently used strategies by the majority companies in the global market.

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Industry Trend Analysis:
The global genomics market was evaluated around USD 10.06 billion in the 2012 and is expected to reach approximately USD 27.24 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 10.48% over the forecast period. Genomics is a division of biology that includes the study of genes and their works and implements bioinformatics, recombinant DNA, and DNA sequencing methods to study sequence, and pull together the function and structure of genomes. It involves functional genomics, comparative genomics, Pharmacogenomics, structural genomics, and epigenomics. Genomics has rendered numerous applications in several fields like biotechnology, anthropology, genomic medicine, and other sciences. The global genomics market has experienced a rise in industry potential owing to technological innovations as new informatics accesses that amalgamate various forms of data with genomic data in illness research which permitting researchers to understand the genetic bases of a variety of drug response and diseases more effectively. Additionally, a rise in partial or full compensation for this industry by the government of particular countries, growing the occurrence of fatal diseases like diabetes, cancer, and others provide the rise in their requirement in the global development. Escalating accesses for novel genomics tools and techniques, calculate their benefit to the patient and concentrate on steps to execute it and rising genome profiling technologies are anticipated to expand the genomics industry at the rapid rate. The finely-distributed network of medical laboratories is contributing to faster and easy acceptance of genomics techniques and products.

Genomics Market, By Product, Estimates and Forecast, 2012-2022 ($Million)
Instruments
Consumables
Services

Genomics Market, By Application, Estimates and Forecast, 2012-2022 ($Million)
Drug Discovery and Development
Academic Research
Agriculture
Diagnostics
Personalized Medicines

Genomics Market, By End User, Estimates and Forecast, 2012-2022 ($Million)
DNA Microarray
Nucleic Acid Extraction and Purification
PCR
DNA Sequencing

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Regional Outlook and Trend Analysis
In 2013, European regional market reported for the leading share of the global genomics market at around 43.0% market share. The rising incidence of cardiovascular disorders and genetic disorders along with growing investments in genomics and proteomics is anticipated to fuel the market growth. Though, the market is anticipated to lose its share over the projected period since European economic crisis and the occurrence of irregular refund policies are a few of the restraining factors for the market growth. The Asia Pacific regional genomics market is projected to grow at the top compound annual growth rate of around 12.7% over the forecast period owing to rising awareness as well as adoption of a variety of genomics techniques in developing countries like China and India for treatment, prognosis and detecting a range of genetic diseases like diabetes, cancer, and others. Besides to this, amending medical infrastructure, high unfulfilled medical requirements, increasing disposable earnings of incomes and rising health care spendings are also the driving factors for the expansion of this market.

By Region:

North America (U.S, Canada, Mexico)

Europe (Germany, France, UK, Italy, Spain, Rest of Europe)

Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia Pacific)

Rest of the World (Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others)

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Technology Outlook and Trend Analysis:
On the basis of its technology, the global genomics market is classified as DNA sequencing, DNA microarray, PCR, and nucleic acid purification and extraction. In 2013, PCR held the major industry share at 48.9% owing to growing research and development processes in proteomics and genomics, innovations in technology and involvement of government regulations concerning the R&D funding. Nucleic acid purification and extraction technology market is estimated to expand at the maximum compound annual growth rate around 10.1% over the forecast years on account of increasing approaches for innovative diagnostic tools and techniques, analyze their advantages for the patient and concentrate on steps to employ it and promising genome profiling technologies.

Major Points Covered in Table of Contents –

1. Introduction

2. Executive Summary

3. Market Overview

4. Genomics Market, By Product

5. Genomics Market, By Application

6. Genomics Market, By Technology

7. Genomics Market, By Region

8. Company Profiles

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This release was published on openPR.