Genomics Market Booming Worldwide Opportunity, Upcoming Trends & Growth Forecast 2020-2029
Genomics is a field of science that deals with the genetic material of an organism, which includes understanding the structure, function, evolution, mapping, and editing of the genomes. Genomics involves collective characterization and quantification of genes and their interrelations and impact on the organism. Genomics research deals with genome sequencing and analysis by bioinformatics and DNA sequencing uses to collect and analyze the function and structure of entire genomes. Advances in genomics have led to a science-focused revolution in discovery and complex biological systems. It also involves studies of intragenomic phenomena such as the influence of one gene on another (epistasis), one gene that affects more than one phenotype (pleiotropy), and other interactions between loci and alleles within the genome.
The Major Players Covered in this Report:
23andMe, Agilent Technologies, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Hoffmann-La Roche Ltd., Myriad Genetics, Inc., Foundation Medicine, Inc., Danaher, Pacific Biosciences, Illumina, Inc., Stratos Genomics, Inc., Qiagen, Oxford Nanopore Technologies, BGI
The genomics market was valued at USD 17,500 million in 2019 and is expected to grow with a CAGR of 8.0% during the forecast period, 2020–2029.
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Genomics Market Segmentation-
By Product- Instruments and Software, Consumables and Reagents
By Services- Core Genomics Services, DNA Sequencing services, Biomarker Translation Services, Computational Services
By Application- Functional Genomics, Mutational Analysis, Microarray Analysis, Epigenetic
By End-User- Clinical and Research Laboratories, Academics and Government Institutes, Hospitals and Clinics, Pharmaceutical and Biotechnology Companies
Noninvasive cancer screening-based research is one of the prime factors driving the market growth. Gene-based liquid biopsy tests are commonly used by researchers engaged in clinical cancer diagnostics as they aid in the early detection of cancer by identifying cancer-causing DNA mutations. Several market players have started leveraging applications of genomics to develop efficient DNA liquid biopsy tests in order to detect cancer at an early stage. Apart from this, implementation of human genomics studies across public health programs such as population screening and consumer wellness programs provide an impetus to the market growth.
Regional Analysis For Genomics Market:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
In this study, the years considered to estimate the market size of the Genomics are as follows:
• History Year: 2014-2019
• Base Year: 2019
• Estimated Year: 2020
• Forecast Year 2021 to 2029
The study objectives of this report are:
• To study and forecast the market size of the Genomics in the global market.
• To analyze the global key players, SWOT analysis, value, and global market share for top players.
• To define, describe and forecast the market by type, end-use, and region.
• To analyze and compare the market status and forecast among global major regions.
• Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
• Identify the key trends and factors that are driving or holding back market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
• Strategic analysis of each submarket in light of individual growth trends and market contributions.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• Complete analysis of the strategic strategy and growth of key players
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