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Genomics Market worth 35.7 Billion USD till 2024 | QIAGEN , Thermo Fisher Scientific, Bio-Rad Laboratories, Agilent Technologies, Illumina and Others.

05-26-2019 12:53 PM CET | Industry, Real Estate & Construction

Press release from: RnRMarketResearch.com

The Global Genomics Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.

(Get Free Research Report @ http://www.rnrmarketresearch.com/contacts/request-sample?rname=494897 )

The Global Genomics Market is projected to reach USD 35.7 Billion by 2024 from USD 18.9 Billion in 2019, at a CAGR of 13.5% during the forecast period. Factors such as the rising government funding and growth in the number of genomics projects, decreasing sequencing costs, growing application areas of genomics, and the entry of new players and start-ups in the genomics field are driving the growth of the genomics market.

“The services segment is projected to grow at the highest CAGR during the forecast period”
Based on product & service, the genomics market is segmented into consumables, systems & software, and services. During the forecast period, the services segment is expected to grow at the highest CAGR majorly due to the increasing awareness of genomics and the reducing cost of DNA sequencing.

“Diagnostic applications to grow at the highest CAGR during the forecast period”
Based on application, the genomics market is segmented into diagnostics, drug discovery and development, personalized medicine, agriculture and animal research, and other applications. During the forecast period, the diagnostic applications segment is projected to grow at the highest CAGR majorly due to the increasing awareness of genomics among patients and the improving efficiency of genomic sequencing in the diagnosis of diseases.

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“In the end-user market, the hospitals and clinics segment is estimated to witness the highest growth during the forecast period”
Based on end user, the genomics market is segmented into research centers and academic & government institutes, hospitals and clinics, pharmaceutical and biotechnology companies, and other end users. During the forecast period, the hospitals and clinics segment is estimated to grow at the highest CAGR owing to the growing availability of genetic tests and pharmacogenomics and the rising emphasis on providing personalized medicine in hospitals.

“Growing investments and favorable government initiatives for genomics research to offer growth opportunities in North America during the forecast period”
During the forecast period, the North American market is estimated to witness high growth owing to factors such as the implementation of favorable initiatives by governments in the US and Canada and rising investments in the pharmaceutical, biotechnology, medical, and academic research sectors in these countries.

Breakdown of supply-side primary interviews:
• By Company Type – Tier I: 55%, Tier II: 25%, and Tier III:20%
• By Designation – C-level: 43%, Director-level: 32%, and Others: 25%
• By Region – North America: 38%, Europe: 23%, Asia Pacific: 29%, and RoW: 10%

Reason to access this report:
• Market Penetration: Comprehensive information on product and service portfolios offered by the top players in the global genomics market

• Product and Service Enhancement/Innovation: Detailed insights on upcoming trends and service launches in the global genomics market

• Market Development: Comprehensive information about the lucrative emerging markets byproduct and services, technology, process, application, end user and region

• Market Diversification: Exhaustive information about new services or service enhancements, growing geographies, recent developments, and investments in the global genomics market

• Competitive Assessment: In-depth assessment of growth strategies, products, and services of leading players in the market

Target Audience for Genomics Market:
• Genomics products and services companies and distributors
• Genomics instrument and consumables manufacturers and suppliers
• Out–licensing life sciences companies (pharmaceutical/biopharmaceutical/biotechnology)
• In–licensing life sciences companies (pharmaceutical/biopharmaceutical/biotechnology)
• Genomics research organizations
• Academic institutes
• Government and private research institutes
• Medical research centers
• Public and private health agencies
• Genomics and biotechnology associations
• Business consultancies
• Venture capitalists

(Buy this report @ https://www.reportsnreports.com/purchase.aspx?name=496119 )

Top Companies profiled in the Genomics Market include Thermo Fisher Scientific (US), Agilent Technologies, (US), Illumina (US), Eurofins Scientific (Germany), QIAGEN (Netherlands), BGI (China), GE Healthcare (UK), Bio-Rad Laboratories (US), F. Hoffmann-La Roche (Switzerland), Oxford Nanopore Technologies (UK), Pacific Biosciences of California (US), and Eppendorf (Germany) among others.

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