Genomic Market to rising at 18.7% CAGR by Top Players | Illumina, Inc., Thermo Fisher Scientific Inc., Hoffmann-La Roche Ltd and more till 2029

Genomics Market | 2022 Size, Growth, Share, Cap, Regional Analysis With Global Industry Forecast To 2027The 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. 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.

Key Companies and Manufacturers Covered:

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight.

Thermo Fisher Scientific Inc.
Oxford Nanopore Technologies
Danaher
QIAGEN
BGI
IntegraGen
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Start-ups to Focus on Providing Genomics Services to Customers

Veritas Genomics announced the launch of new genome sequencing products in November 2018. The company aims to enhance its customer service and expand its product portfolio. Other companies such as Agilent Technologies, Inc., Illumina, Inc., and F. Hoffmann-La Roche Ltd are expected to lead the market in the forecast period. This is mainly on account of their strong product portfolio and wide geographical reach. Among these companies, Illumina acquired a leading position in 2018 owing to the acquisition of Pacific Biosciences.

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.

Detailed Table of Content:

1 Genomics Market Overview

1.1 Genomics Product Overview

1.2 Genomics Market Segment by Type

1.3 Global Genomics Market Size by Type (2015-2027)

1.3.1 Global Genomics Market Size Overview by Type (2015-2027)

1.3.2 Global Genomics Historic Market Size Review by Type (2015-2021)

1.3.2.1 Global Genomics Sales Market Share Breakdown by Type (2015-2027)

1.3.2.2 Global Genomics Market Share Breakdown by Type (2015-2027)

1.3.2.3 Global Genomics Average Selling Price (ASP) by Type (2015-2027)

1.3.3 Global Genomics Market Size Forecast by Type (2021-2027)

1.3.3.1 Global Genomics Sales Market Share Breakdown by Application (2021-2027)

1.3.3.2 Global Genomics Revenue Market Share Breakdown by Application (2021-2027)

1.3.3.3 Global Genomics Average Selling Price (ASP) by Application (2021-2027)

1.4 Key Regions Market Size Segment by Type (2015-2021)

1.4.1 North America Genomics Sales Breakdown by Type (2015-2027)

1.4.2 Europe Genomics Sales Breakdown by Type (2015-2027)

1.4.3 Asia-Pacific Genomics Sales Breakdown by Type (2015-2027)

1.4.4 Latin America Genomics Sales Breakdown by Type (2015-2027)

1.4.5 Middle East and Africa Genomics Sales Breakdown by Type (2015-2027)

2 Global Genomics Market Competition by Company

2.1 Global Top Players by Genomics Sales (2015-2021)

2.2 Global Top Players by Genomics Revenue (2015-2021)

2.3 Global Top Players Genomics Average Selling Price (ASP) (2015-2021)

2.4 Global Top Company Genomics Manufacturing Base Distribution, Sales Area, Product Type

2.5 Genomics Market Competitive Situation and Trends

2.5.1 Genomics Market Growth Rate (2015-2021)

2.5.2 Global 5 and 10 Largest Company by Genomics Sales and Revenue in 2019

2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Genomics as of 2019)

2.7 Date of Key Company Enter into Genomics Market

2.8 Key Company Genomics Product Offered

2.9 Mergers and Acquisitions, Expansion

3 Global Genomics Status and Outlook by Region (2015-2027)

3.1 Global Genomics Market Size and CAGR by Region: 2015 VS 2021 VS 2027

3.2 Global Genomics Market Size Market Share by Region (2015-2021)

3.2.1 Global Genomics Sales Market Share by Region (2015-2021)

3.2.2 Global Genomics Revenue Market Share by Region (2015-2021)

Continued...

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Research Methodology:

Fortune Business Insights follows a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.

Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Reasons to Purchase this Report:

Estimates Genomics Market trends with SWOT analysis.
Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players.
Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion.
Market dynamics and opportunities for growth for players in the near future.
Competitive landscape describing the market revenue shares of key players.
Market segmentation analysis that deals with quantitative and qualitative research, discussing the influence of policy-based and economical aspects.
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