Genomics market to see 13.1 % CAGR to 2027
The genomics market is projected to reach US$ 49,996.15 million by 2027 from US$ 19,084.74 million in 2019; it is estimated to grow at a CAGR of 13.1% during 2020-2027.
Genomics revolves around understanding genes and their functioning, interaction with other genetic and environmental factors which can then be used in diagnostics, drug discovery, and development, personalized medicine, agriculture & animal research, among others. The applications of genomics ranges from medicine to biotechnology to various social sciences. The market report aims to develop an understanding of the genomics market scope and trends expected to drive the market.
Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPTE100000730/?utm_source=OpenPR&utm_medium=10366
Furthermore, the Genomics market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.
The structure of the Genomics market report can be categorized into following sections:
Section 1: scope of the report & research methodology
Section 2: key takeaways
Section 3: market variables & their impact on growth and analytical tools providing high level insights into the market dynamics and growth pattern
Section 4: market estimates and forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2021 to 2027). Regional and country level estimates and forecasts for each category which are summed up to form the global market.
Section 5: competitive landscape. Attributes such as strategy framework, competitor categorization are included to provide elaborate details on the market structure & strategic undertakings as well as their impact.
The global genomics market, based on technology, is segmented into sequencing, microarray, PCR, nucleic acid extraction and purification, and others. The sequencing segment held the largest market share during 2019 and is expected to continue its dominance of the genomics market with the highest contribution to the market growth during the forecast period. The growth of the segment is attributed to the increasing applications of sequencing to provide more precise treatment for ailments.
Product & Service-Based Insights
The global genomics market, based on product & service, is segmented into instruments/systems, consumables, and services. The consumables segment of the market, based on product and service, held the largest market share in 2019, encompassing almost half of the market genomics share. While the consumables segment is expected to dominate the market during the forecast period, the services segment is expected to have the highest CAGR during 2020-2027, aiding the growth of the genomics market size. The market growth of the consumables segment is attributed to rising government funding and the 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.
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 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.
The prominent/emerging players in the Genomics market research include:
HOFFMANN-LA ROCHE LTD.
BIO-RAD LABORATORIES INC.
General Electric Company
Thermo Fisher Scientific Inc.
Agilent Technologies, Inc.
The Genomics market company profiles are individually represented for all major participants and indices such as financial performance, strategic initiatives, product portfolio & company overview.
Have a 15-minute-long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well -
Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title "financial performance" (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (sbus) and others.
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
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The Genomics market research study is designed keeping in focus all the major countries. Although, all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.
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