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Wednesday, October 27, 2021

Global Genomics Market to be Driven at a CAGR of 9.3% in the Forecast Period of 2021-2026

 The new report by Expert Market Research titled, ‘Global Genomics Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global genomics market, assessing the market based on its segments like product, technology, application end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 16.21 Billion
• Forecast CAGR (2021-2026): 9.3%

The growth of the global market for genomics is driven by the increasing research and development activities in life sciences sector. The widespread application of genomics in pharmaceutical and biotechnology industries for drug development, diagnostics, toxicogenomic and pharmacogenomics, among others are expected to propel the market growth. Additionally, rising government funding, increasing genome studies, and declining cost for genome sequencing may likely push the growth further. Moreover, the factors such as the ability to diagnose predisposition for genetic illness at earlier stage and development of precise and efficient personalised medicines through genomic studies are anticipated to bolster the genomics market growth over the forecast period.

Industry Definition and Major Segments

Genomics is the branch of molecular biology dealing with the study of genomes. Genome refers to the genetic material of an organism consisting of nuclear, plasmid, mitochondrial and chloroplast DNA and RNA. Genomics includes study of structure, function, evolution, and mapping of genomes.

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The genomics industry is broadly divided on the basis of product into:

• Consumables
• Systems and Software
• Services

Based on technology, the genomics market is divided into:

• Sequencing
• Microarray
• Nucleic Acid Extraction and Purification
• Others

The genomics market is segmented on the basis of application into:

• Diagnostics
• Drug Discovery and Development
• Precision Medicine
• Agriculture and Animal Research
• Others

Based on end-uses, the genomics market is divided into:

• Research Centres and Academic and Government Institutes
• Hospitals and Clinics
• Pharmaceutical and Biotechnology Companies
• Others

The regional markets for genomics include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

Regionally, North America is expected to dominate the global genomics market. This can be attributed to the increasing research activities and demand for precision medicines. Europe is projected to follow North America due to the presence of key biotechnology and pharmaceutical players in the region. Additionally, the rising incidences of genetic disorders in the geriatric population is further expected to aid the market growth. Meanwhile, Asia Pacific is projected to witness the fastest growth rate over the forecast period owing to the increasing expenditure for pharmaceutical industry.

Key Market Players

The major players in the market are Oxford Nanopore Technologies, F. Hoffmann-La Roche, Illumina, Inc. (NASDAQ: ILMN), Qiagen, Eurofins Scientific, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., BGI Group and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
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Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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