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Genomics Market Size, Share, Trends, Growth And Industry Forecast 2023-2032 | Major Players: 10X Genomics Inc., Qiagen NV, Standard BioTools Inc., Johnson and Johnson, Illumina Inc.
Genomics Market Report
The Business Research Company's Genomics Global Market Report 2023 identifies Rising government funds for research on genomics as the major driver for the genomics market's growth in the forecast period. The government funding focuses on efforts to resolve the complexity of the human genome, define the genomic basis of human health and disease, and ensure that genomics is used safely to enhance patient care and benefit society through government, public and private institutions.
The genomics market size has grown rapidly in recent years. It will grow from $38.7 billion in 2023 to $45.95 billion in 2024 at a compound annual growth rate (CAGR) of 18.7%. The growth in the historic period can be attributed to reduction in sequencing costs, research and discovery, healthcare applications, personalized medicine.
The genomics market size is expected to see rapid growth in the next few years. It will grow to $93.79 billion in 2028 at a compound annual growth rate (CAGR) of 19.5%.
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Major competitors in the genomics market are 10X Genomics Inc., Qiagen NV, Standard BioTools Inc., Johnson and Johnson, Illumina Inc.
A key trend in the genomics market includes innovative personalized medicine. Major companies operating in genomics market are developing innovative personalized medicine to drive the revenues in the market. Personalized medicine enables medical practitioners to identify the exact needs of a patient and then prescribe medicines and treatments accordingly. This approach guarantees better care outcomes. Moreover, it is expected that advancements in the field of gene therapy have the potential to replace traditional drugs and surgeries by enabling doctors to treat a disorder by inserting a gene into a patient's cell.
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The genomics market is segmented -
•By Product Type: Instrument (Including Systems, Service Contract And Software), Reagents (Including Reagents And Consumables)
•By Process: Cell Isolation, Sample Preparation, Genomic Analysis
•By End User: Academic Institutes, Biopharmaceutical Companies, Clinical Research Institutes
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the genomics market.
The Business Research Company's "Global Genomics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Genomics Market Include:
1. Executive Summary
2. Genomics Market Characteristics
3. Genomics Market Trends And Strategies
4. Genomics Market - Macro Economic Scenario
5. Global Genomics Market Size and Growth
……
31. Global Genomics Market Competitive Benchmarking
32. Global Genomics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Genomics Market
34. Genomics Market Future Outlook and Potential Analysis
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