Genomics Market Growth 2022-2028 With Top Countries Data, Key Players, Future Growth, Upcoming Trends and Key Region Analysis

The genomics market was valued at US$ 19,084.74 million in 2019 and is projected to reach US$ 49,996.15 million by 2027; it is expected to grow at a CAGR of 13.1% from 2020 to 2027.

The Genomics market research report provides an in depth examination of the key factors stimulating market expansion. It also sheds light on the challenges or restraining factors that are poised to hinder industry growth over the forecast timeframe. Growth rate, market share captured, and valuation estimates for each region, segment, and company are documented as well.

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The report makes inclusion of vital information such as market size, growth rate, and valuation of each segmental, regional and country level market, and growth opportunities in related niche market segments. This information has been incorporated after a thorough study of primary and secondary sources.

List of Companies operating in this report are:
• Illumina, Inc.
• Danaher
• F. HOFFMANN-LA ROCHE LTD.
• BIO-RAD LABORATORIES INC.
• General Electric Company
• Thermo Fisher Scientific Inc.
• Agilent Technologies, Inc.
• Eurofins Scientific
• QIAGEN
• BGI

Furthermore, the market is segmented based on Technology, Product & Services, Application and region in order to study it exhaustively and provide the data in a systematic manner. Speaking of competitive landscape, the study includes a list of leading companies along with their product and service offerings, strategic decisions, SWOT analysis, latest developments, market share captured, growth rate, and valuation. The challenges faced by these companies are analyzed and solutions for them are given as well.

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Technology -Based Insights
Based on technology, the genomics market is segmented into sequencing, microarray, PCR, nucleic acid extraction and purification, and others. The sequencing segment held the largest share of the market in 2019, whereas the microarray segment is anticipated to register the highest CAGR during the forecast period. The market growth for the microarray segment is attributed to increasing use of technology in the diagnosis of infectious and genetic diseases, drug discovery, pharmacogenomic research, cancer diagnostics, and forensic applications.
Additionally, the microarray technology is also used in immunology research such as the study of the relation between phenotype and gene expression, activation and differentiation of immune cells, regulation of immune responses, analysis of the molecular mechanisms of allergy, and immunological pharmacology.

Product & Services -Based Insights
Based on product & services, the genomics market is segmented into instruments/systems, consumables, and services. The consumables segment held the largest share of the market in 2019, whereas the services segment is anticipated to register the highest CAGR during the forecast period. The market growth of the consumables segment is attributed to rising government funding and surging 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.

Application -Based Insights
Based on application, the genomics market is segmented into diagnostics, drug discovery & development, precision/personalized medicine, agriculture & animal research, and others. The diagnostics segment held the largest share of the market in 2019, and the same segment is estimated to register the highest CAGR during the forecast period. The clinical applications of genomic technologies are vast and offer opportunities to enhance diagnosis and treatment capabilities for chronic disease. For instance, they offer huge potential in gene discovery and diagnosis of rare monogenic disorders.

End User-Based Insights
Based on end user, the genomics market is segmented into research centers, hospitals & clinics, pharmaceutical & biotechnology companies, and other end users. The research centers segment held the largest share of the market in 2019, whereas the hospitals & clinics segment is estimated to register the highest CAGR during 2020-2027.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Genomics Market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Genomics market by each region is later sub-segmented by respective countries and segments.
The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Several market forces such as drivers and restraints and political, social, economic and technological advancements help shape up the industry in specific manner. All such forces are studied in detail to arrive at a market forecast which can help build the investment strategies in Genomics market.

Essential points covered in Genomics market report are:-
1 What will the market size and the growth rate be in 2027?
2 What are the key growth stimulants of Genomics market?
3 What are the key market trends impacting Genomics market valuation?
4 What are the challenges to market proliferation?
5 Who are the key vendors in the Genomics market?
6 Which are the leading companies contributing to Genomics market valuation?
7 What was the market share held by each region in 2027?
8 What is the estimated growth rate and valuation of Genomics market in 2027?

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