Press release
Genomics Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Illumina, Inc and Bio-Rad Laboratories, Inc are key players
Genomics Market is expected to grow at a CAGR of 11.46% to reach a market size worth US$48.188 billion by 2028.The prime factors propelling the growth of the genomics market are increasing government and corporate attempts to launch new genetic research programs and a surge in the range of diseases.
As per the report, the market about genomics market is expected to grow at a steady pace.
Studying an organism's entire genome is called genomic research, which draws on genetics concepts. The study, synthesis, and analysis of the structure and function of genomes are done using recombinant DNA, DNA sequencing methods, and bioinformatics. It considers all of an organism's genetic makeup as opposed to only one gene or one gene product at a time, as in "classical genetics." The desire for gene therapy, personalized medicine, clinical research, and a rise in the number of cancer cases globally are some factors influencing the expansion of the genomics business. The genomics market is also expected to grow because more industry actors are collaborating, entering into joint ventures, and signing agreements.
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The genomics market has been categorized based on technology, application, end-user, and geography.
By technology, the market has been classified based on PCR, sequencing, microarray, nucleic acid extraction and purification, and others. The PCR segment held the largest market share over the anticipated period due to the technology's widespread adoption and simplicity of accessibility.
Based on application, the classification has been done into drug discovery and development, diagnostics, precision medicine, agriculture and animal research, and other applications. However, the market's largest share belonged to the diagnostics segment, which also experienced rising demand for genomics-based diagnostics.
By end-user, the market has been classified into hospitals & clinics, research centers & government institutes, pharmaceutical & biotechnology companies, and others. The pharmaceutical & biotechnology companies are expected to be the main growth drivers of the genomic market. In January 2020, the ambitious "Genome India Project" was introduced by the Department of Biotechnology (DBT). (GIP). It supported this countrywide effort, sequencing the genomes of 10,000 representative individuals from throughout India.
By region, North America is one of the most significant locations for this industry due to the support of significant pharmaceutical corporations and research institutions. The Human Genome Project and Cancer Genome Atlas Program in the United States are examples of this evolution. Because of the influence of genetic expression on human health, genomics is an essential part of all disease research and therapy development.
As a part of the report, the major players operating in the genomics market, that have been covered are Illumina, Inc, Thermo Fisher Scientific, Inc, Qiagen, Bio-Rad Laboratories, Inc, Danaher, BGI Genomics, F. Hoffmann-La Roche.
This genomics market has been analyzed into the following segments:
• By Technology
o PCR
o Sequencing
o Microarray
o Nucleic Acid Extraction and Purification
o Others
• By Application
o Drug discovery and development
o Diagnostics
o Precision medicine
o Agriculture and animal research
o Other applications
• By End-User
o Hospitals & clinics
o Research centers & government institutes
o Pharmaceutical & biotechnology companies
o Others
• By Geography
o North America
• USA
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• Germany
• France
• United Kingdom
• Others
o The Middle East and Africa
• Saudi Arabia
• UAE
• Others
o Asia Pacific
• China
• India
• Japan
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others
Related Report:
• https://www.knowledge-sourcing.com/report/global-biologics-market
• https://www.knowledge-sourcing.com/report/sample-preparation-market
• https://www.knowledge-sourcing.com/report/global-cell-line-development-market
• https://www.knowledge-sourcing.com/report/genome-editing-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts, who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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