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Genomics Market Share, Size 2022 Comprehensive Insights, Future Demand, Industry Overview, Business Strategies, and Regional Forecast to 2030

05-10-2022 03:01 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: We Market Research

Genomics Market

Genomics Market

Genomics Market is appreciated to demonstrate a substantial upswing of a CAGR of 19.40% during the forecasted period of 2021 to 2030. The Genomics Market was valued at USD 23.5 billion in 2021 and is estimated to display a significant improvement to reach USD 137.16 billion by 2030.

Genomics is the study of genomes, and it includes DNA sequencing, recombinant DNA, and bioinformatics for sequencing, assembling, and analysing genome structure and functions. The growing use of NGS (Next-Generation Sequencing) in cancer research, as well as the entrance of new businesses and start-ups, will fuel the industry's revenue growth.

In terms of technology, the sequencing segment's genomics market share will grow due to their increased involvement in research in animal breeding, agriculture, and human genomes. Sequencing technologies are widely employed in scientific research, modern molecular biology, and diagnostic medicine due to their advantages such as fast speed, scalability, and ultra-high throughput.

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The rise in use of genomics in drug R&D, increased competition in the global pharmaceutical industry, surge in demand for genetically modified animals and plants, constantly lowering prices of genetic procedures, market growth initiatives taken by private and public organisations, rise in demand for nucleic acid sequencing, and entry of new players into the genomics market are the key factors driving the market's growth. Furthermore, the rising popularity of customised medicine and the growing popularity of alliances between research institutes and companies are likely to provide new growth prospects for genomics market players. However, the shortage of experienced specialists, the high costs of genomics equipment, and a lack of awareness in some countries are expected to limit the industry's expansion.

Global Genomics Market- Segment Analysis
Products
Instruments/Systems/Software
Consumables & Reagents
Services
NGS-based Services
Core Genomics Services
Biomarker Translation Services
Computational Services
Others

By Application & Technology:
Functional Genomics
Real-time PCR
Transfection
SNP Analysis
Mutational Analysis
Microarray Analysis
RNA Interference
Pathway Analysis
Microarray Analysis
Bead-based Analysis
Proteomics Tools (2-D PAGE; yeast 2-hybrid studies)
Real-time PCR
Biomarker Discovery
DNA Sequencing
Microarray Analysis
Real-time PCR
Mass Spectrometry
Statistical Analysis
Bioinformatics
Epigenetics
Bisulfite Sequencing
Microarray Analysis
Chromatin Immunoprecipitation (ChIP & ChIP-Seq)
Methylated DNA Immunoprecipitation (MeDIP)
High Resolution Melt (HRM)
Chromatin Accessibility Assays
Others

By End use:
Pharmaceutical and Biotechnology Companies
Hospitals and Clinics
Academic and Government Institutes
Clinical Research
Other

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Competitive Landscape
Companies are focusing on development and inauguration of new products and collaboration with other entities to rise the market share. The main purpose of this collaboration is to manage the work flows. Some of the prominent companies are as follows Thermo Fisher Scientific, Inc.; Agilent Technologies; Beijing Genomics Institute (BGI); Bio-Rad Laboratories; Oxford Nanopore Technologies; Pacific Biosciences of California, Inc.; QIAGEN N.V.; Quest diagnostics; Myriad Genetics, Inc.; Eppendorf AG; Eurofins Scientific; Color; 23andMe, Inc. Danaher Corporation; F. Hoffmann-La Roche Ltd.; GE Healthcare; Illumina, Inc.

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FAQs
1)What is this market growth?
2) Which product segment accounts for the highest market share in this market?
3) Does the Genomics market company is profiled in the report?
4) Which are the top companies hold the market share in Genomics market?
5) How can I get sample reports/company profiles for the Genomics market?

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About We Market Research
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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