Genomics Market to Reach USD 94.66 Billion by 2028

The global genomics market size is projected to reach USD 62614.6 million by 2026. Genomics has successfully transformed the way of preventing, managing and treating diseases. Researchers at the University of Paris-Saclay believe that we have entered into the third revolution of sequencing technology in the world of genetics. Moreover, several companies are planning to build third-generation sequencing technology to stay abreast of new trends. As per a recent report published by Fortune Business Insights, titled “Genomics Market Size, Share and Industry Analysis By Type (Products, Services), Technology (Polymerase Chain Reaction, Next-generation Sequencing, Microarray, Sanger Sequencing), Application (Diagnostics, Research), End-User (Research Institutes, Healthcare Facilities & Diagnostic Centers, Pharmaceutical & Biotechnological Companies, Contract Research Organization (CROs)) & Regional Forecast, 2019 – 2026,” the market value stood at USD 15888.8 million in 2018 and is anticipated to exhibit an exponential CAGR of 18.7% during the forecast period.

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Leading Players operating in the Genomics Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

Thermo Fisher Scientific Inc.
Oxford Nanopore Technologies
Danaher
QIAGEN
BGI
IntegraGen
Global Genomics Market Highlights:

The Genomics Market report offers an in-depth analysis of the Genomics industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Genomics market concentration, and maturity analysis is elaborated in this report.

Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.

Advancements in Bioinformatics to Boost the Market in North America

Among regions, North America is anticipated to emerge dominant in the global genomics market throughout the forecast years. In 2018, the market value stood at USD 6959.3 million. This is ascribable to the rising focus on pharmacogenomics and technological advancements in bioinformatics. This, coupled with increasing adoption of new sequencing technologies, will create growth opportunities for the market in this region. Rising preference for personalized medicines is another factor responsible for the dominance of market in this region.

Apart from North America, the market in Europe is expected to exhibit a higher CAGR owing to the robust support from governments, especially in the U.K. Asia Pacific is expected to hold a considerable genomics market share over the projected horizon. Factors such as increasing the aging population, high demand for genetic sequencing in China, and expansion of healthcare system are positively impacting the genomics market growth in this region.

A Myriad of R&D Activities Has Spurred Growth Prospects for Genomics Market

“Several services and start-up companies are paving their way into genomics industry by offering services which include ancestry services, direct-to-customer genomic services, among others,” stated a lead analyst at Fortune Business Insights. “Rising support from governments regarding research and funding is expected to contribute to the growth of the market,” he added.

Several genomic institutes are supporting the industry by granting funds for performing research and development activities. Stanford healthcare uses genomic information to develop a personalized treatment for patients suffering from chronic illness.The lower costs of genetic procedures is likely to contribute to the development of the genomic market in the forthcoming years. Technological advancements in genomic medicine which include Next-generation Sequencing (NGS), Sanger sequencing, Polymerase Chain Reactions (PCR), and microarray are likely to drive the market.

Detailed Table of Content:

1 Market Overview

1.1 Genomics Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook (2020-2026)

1.4.1.2 Canada Market States and Outlook (2020-2026)

1.4.1.3 Mexico Market States and Outlook (2020-2026)

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook (2020-2026)

1.4.2.2 France Market States and Outlook (2020-2026)

1.4.2.3 UK Market States and Outlook (2020-2026)

1.4.2.4 Russia Market States and Outlook (2020-2026)

1.4.2.5 Italy Market States and Outlook (2020-2026)

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook (2020-2026)

1.4.3.2 Japan Market States and Outlook (2020-2026)

1.4.3.3 Korea Market States and Outlook (2020-2026)

1.4.3.4 India Market States and Outlook (2020-2026)

1.4.3.5 Southeast Asia Market States and Outlook (2020-2026)

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook (2020-2026)

1.4.4.2 Egypt Market States and Outlook (2020-2026)

1.4.4.3 Saudi Arabia Market States and Outlook (2020-2026)

1.4.4.4 South Africa Market States and Outlook (2020-2026)

1.4.4.5 Turkey Market States and Outlook (2020-2026)

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

3 Global Genomics Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)

3.1 Global Genomics Sales and Market Share by Manufacturer (2017-2018)

3.2 Global Genomics Revenue and Market Share by Manufacturer (2017-2018)

3.3 Market Concentration Rate

3.3.1 Top 3 Genomics Manufacturer Market Share in 2018

3.3.2 Top 6 Genomics Manufacturer Market Share in 2018

3.4 Market Competition Trend

4 Global Genomics Market Analysis by Regions

4.1 Global Genomics Sales, Revenue and Market Share by Regions

4.1.1 Global Genomics Sales and Market Share by Regions (2020-2028)

4.1.2 Global Genomics Revenue and Market Share by Regions (2020-2028)

4.2 North America Genomics Sales and Growth Rate (2020-2028)

4.3 Europe Genomics Sales and Growth Rate (2020-2028)

4.4 Asia-Pacific Genomics Sales and Growth Rate (2020-2028)

4.5 South America Genomics Sales and Growth Rate (2020-2028)

4.6 Middle East and Africa Genomics Sales and Growth Rate (2020-2028)

5 North America Genomics by Country

5.1 North America Genomics Sales, Revenue and Market Share by Country

5.1.1 North America Genomics Sales and Market Share by Country (2020-2028)

5.1.2 North America Genomics Revenue and Market Share by Country (2020-2028)

5.2 United States Genomics Sales and Growth Rate (2020-2028)

5.3 Canada Genomics Sales and Growth Rate (2020-2028)

5.4 Mexico Genomics Sales and Growth Rate (2020-2028)

8 South America Genomics by Country

8.1 South America Genomics Sales, Revenue and Market Share by Country

8.1.1 South America Genomics Sales and Market Share by Country (2020-2028)

8.1.2 South America Genomics Revenue and Market Share by Country (2020-2028)

8.2 Brazil Genomics Sales and Growth Rate (2020-2028)

8.3 Argentina Genomics Sales and Growth Rate (2020-2028)

8.4 Colombia Genomics Sales and Growth Rate (2020-2028)

9 Middle East and Africa Genomics by Countries

9.1 Middle East and Africa Genomics Sales, Revenue and Market Share by Country

9.1.1 Middle East and Africa Genomics Sales and Market Share by Country (2020-2028)

9.1.2 Middle East and Africa Genomics Revenue and Market Share by Country (2020-2028)

9.2 Saudi Arabia Genomics Sales and Growth Rate (2020-2028)

9.3 Turkey Genomics Sales and Growth Rate (2020-2028)

9.4 Egypt Genomics Sales and Growth Rate (2020-2028)

9.5 Nigeria Genomics Sales and Growth Rate (2020-2028)

10 Genomics Market In Developing Countries

11 South America Genomics Market Analysis by Countries

Continued...

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