Press release
Genomics Market Size, Share, Growth, Industry Analysis and Forecast to 2024 | Hexa Research
The worldwide Genomics Market is systematically categorized on the basis of products, applications, technologies, and regions. Instruments, services, and consumables are the three key product segments. With a nearly 60% share, consumables dominated the industry in 2013. This segment is expected to grow at a CAGR surpassing 11% during the forecast period. Popularity of genomic testing in a host of commercial applications is a key driver of this segment.
Browse Details of Report@
https://www.hexaresearch.com/research-report/genomics-industry
On the basis of applications, the global genomics industry is divided into academic research, drug discovery, diagnostics, personalized medicine, and others. Diagnostics held the highest market share in 2013. Preference for molecular diagnostics tests and awareness among medical practitioners about the advantages of genetic-based diagnostics are factors that propel this segment. It is expected that personalized medicine will register a high growth rate throughout the forecast period. Treatment optimization, affordable treatments, patient compliance, early disease prognosis, and drug safety are vital drivers of this segment. North America emerged a global leader in the market for personalized medicine in 2013. This was due to progress in the world of genetics and robust technological developments.
As per technologies, the industry is segmented as DNA microarray, nucleic acid extraction & purification, PCR (polymerase chain reaction), and DNA sequencing. PCR led the market in 2013 due to factors, such as R&D in genomics & proteomics, encouraging government policies on R&D funding, and technological advancements. Ongoing industry trends suggest that the nucleic acid extraction & purification segment may grow at a CAGR exceeding 10% till 2024.
Europe, Asia Pacific, North America, and Rest of the World are the four regional segments of the global Genomics Industry. Prevalence of cardiovascular & genetic disorders and high investments in genomics & proteomics drive the Europe genomics market. This region held the largest industry share in 2013. However, volatile economic conditions and uneven reimbursement policies may hamper regional growth in the forthcoming years.
Asia Pacific is expected to grow rapidly over the forecast period because of widespread adoption of genomics techniques in emerging countries, such as China and India. These regions utilize genomics technologies to diagnose & treat diseases, like cancer and diabetes. Other factors that fuel the Asia Pacific region are surging medical expenditure, high disposable incomes, and better healthcare infrastructure. Key players in the global genomics market are Life Technologies, Roche Diagnostics, GE Healthcare, Agilent Technologies, and Cepheid.
Researchers have developed a microscope that uses a cell phone camera for detecting fluorescent components of DNA sequencing responses in tissues & cells. This special device can identify point mutations in KRAS genes. The KRAS gene is found in more than thirty percent of colon cancers. A number of sequencing techniques are used to fluorescently label & amplify copies of the target DNA transcript or sequence.
Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/biotechnology-industry
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
Visit Our Blog - https://hexaresearchinc.wordpress.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Genomics Market Size, Share, Growth, Industry Analysis and Forecast to 2024 | Hexa Research here
News-ID: 568911 • Views: …
More Releases from Hexa Research
Acetic Acid Market Research & Development | Industry Report, 2022
The global acetic acid market will be valued at more than $13 billion in 2022. Growing demand for applications like Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) will contribute to this growth. PTA is increasingly being consumed for manufacturing polyester, which is an important constituent of the textile and packaging industries. PTA is expected to witness the fastest growth with a CAGR of more than 4.9% from 2015…
Digitally Printed Wallpaper Market Research & Development | Industry Report, 202 …
The global digitally printed wallpaper market is anticipated to reach USD 13.07 billion by 2025 from USD 2.33 billion in 2017 and is expected to register a CAGR of 24.01% from 2017 to 2025. Growing awareness of home decor market is expected to drive the market for the residential and nonresidential segments. Increased construction in the emerging economies, growth in the residential sector and increasing consumer desire for premium home…
Enhanced Oil Recovery (EOR) Market offshore segment is expected to grow at CAGR …
The global enhanced oil recovery (EOR) market size is estimated to reach USD 55.02 billion by 2025, fueled by the increasing demand for energy in a broad range of applications including manufacturing, infrastructure and utilities. Rising number of aged wells resulting in low oil output has paved the way for advanced technologies including EOR to achieve optimum production.
Keeping these driving factors in mind, companies are focusing on developing advanced technologies…
U.S. Organic Food Market Size and Share | Industry Report, 2025 | Hexa Research
The U.S. organic food market size is expected to reach USD 70.4 billion by 2025 as a result of increasing demand from consumers. Consumers in U.S. seek convenient purchasing options and organic food, which is now easily available, is gaining popularity. These food products are available in more than 20,000 natural food stores and conventional grocery stores across the country.
Over the past decade, organic food has witnessed significant growth. Sold…
More Releases for Genomics
Spatial Genomics and Transcriptomics Market to Witness Huge Growth by Key Player …
This report provides an informative view about the competitive aspect of the global market. It includes detailed picture of the exhibition of a portion of the essential global players working in the Spatial Genomics and Transcriptomics market. The research study also provides historical record with profits predictions and forecasts from 2022 to 2028. Also, the business manufacturing of the notable manufacturers is also emphasized with technical data in the report.
This…
Artificial Intelligence for Genomics and Personalised Medicine Market 2021-28|| …
An artificial neural network can reveal patterns in huge amounts of gene expression data, and discover groups of disease-related genes. Scientists hope that the new method can eventually be applied within precision medicine and individualized treatment.
Similar to diagnosing a disease using a genomic basis, AI can help identify which genes have been affected by harmful mutations so that they can be targeted in gene therapy. DNA repair after editing is…
Artificial Intelligence In Genomics Market have Huge Growth of CAGR 52% By 2021- …
The recent report on the Artificial Intelligence In Genomics market offers a thorough assessment of the business vertical as well as a comprehensive overview of the industry and its key segments. According to the report, the growing technological developments and research advancements are contributing to the market's expansion. The report provides extensive insight into key market elements such as drivers, restraints, challenges, strategic expansions, market size and share, growth prospects,…
AI in Genomics Market Top Manufacturers 2030 Fabric Genomics Inc., Verge Genomic …
Allied Market Research published a latest report titled, “AI in Genomics Market : Global Opportunity Analysis and Industry Forecast 2020-2027’’.
The market report features the factors and top market trends that fuel the growth of the market.
Avail sample report with Industry Insights @
https://www.alliedmarketresearch.com/request-sample/11921
Frontrunners in the AI in Genomics Market:
The report includes the frontrunners in the market including Fabric Genomics Inc., Verge Genomics, Freenome Holdings, Inc., MolecularMatch Inc. These market…
What's Driving the Spatial Genomics Market Growth? 10x Genomics, S2 Genomics, Na …
This Spatial Genomics Market research document is structured with the most excellent and advanced tools of collecting, recording, estimating and analysing market data. A profound knowledge of industrial unanimity, market trends and incredible techniques give client's an upper hand in the ABC industry. Businesses can effectively use the data, statistics, research, and insights about the market included in this Spatial Genomics Market report to make decisions about business strategies and…
Spatial Genomics and Transcriptomics Market Latest Trends and Forecast Analysis …
Los Angeles, United State: QY Research announced the publication of a new research report to its ever-growing repository. It sheds light on the global Spatial Genomics and Transcriptomics market. The research report is collated using primary and secondary research methodologies to provide the users with a precise analysis of the market dynamics. Analysts have used SWOT analysis and Porter's five forces analysis for providing the readers with a detailed understanding…
