Genomics Market Projected for Impressive CAGR of 9.2% to 10.2% through to 2025
Genomics Market: Demand Analysis and Growth Forecast
Genomics is the sequencing and analysis of the genome that uses DNA sequencing and bioinformatics for assembling and analyzing the genome functions. Genomics market is undoubtedly influenced by global health imbalance, which is substantially divided into small and mid-size companies. Genomics is involved in determining complete DNA, DNA sequencing, and genesis mapping to understand diseases. According to the World Health Organization, Low- to middle-income countries account for 85% of the world’s population and 92% of the global burden of disease. Pharmaceutical companies are highly influenced by the genomics market for value chain. These companies can reduce cost by using genomics information that helps them in making better decisions. Considering achieving the global health goals by the government, the global health inequalities are to be brought down by providing an efficient and cost-effective initiative to the developing countries. The government is aiming at raising awareness of genomics amongst people that aren’t aware of it. This will eventually popularize the effectiveness of genomics and drive growth in the genomics market.
According to a recent business publication by IndustryARC titled “Genomics Market: By Product Types (Microarray chip, Sequencers, Others); By Services (Bioinformatics, Laboratory, Others); By Technique (PCR, Electrophoresis, others); By Application (Genotyping, SNP analysis, others); (By End-User (Anthropology, Diagnostics, Others); By Geography – Forecast (2019-2025),” there were opportunities worth $16.0 billion to 16.5 billion as of 2018, and the analyst estimates the demand to grow with a CAGR of 9.2% to 10.2% during the forecasted period of 2019 to 2025.
Genomics Market: Leading Segment
North America is currently home for the genomics market. The market is gaining tremendous revenue due to the huge development in vaccines and drugs. Genomics is widely used in biotechnology, healthcare, agriculture, and diagnostics in North America due to which the North American region is flourishing with the regional genomics market share of nearly 39% to 40%. The drug discovery application of genomics is estimated to have a CAGR of 10.1% to 10.7% through to 2025. The country has plunge cost of series enabling the whole genome market series at a very less price.
Genomics Market: Market Trends
Since DNA sequencers are very expensive the companies are mainly focusing on developing a cost-effective sequencing methods and equipment. These products improve the data quality and are very useful for various applications such as whole genome protein binding replacing the old equipment. When the circulating tumor cells in DNA die, they release fragments in the bloodstream. Many R&D companies and sectors are exploring a lot of information for the biomarkers for cancers, as these cells grow quickly and cause damage to neighboring cells. This is chiefly influencing the genomics market growth.
New technologies have boosted the genomics market drastically. Biologists are launching revolutionary genomes in the market, by developing sequencing technologies which have led to high-quality plant and animal genomes. The biotechnology industry has grown in recent years and has generated good revenue. The genomic and biotech impacts the agriculture sector by improving the crop yielding quality and by developing crops that are stress tolerant. Biotechnology companies that are investing in Asian countries are PierianDx and ScienceVision.
Genomics Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority genomics market shares are Cepheid, Inc., Affymetrix, Inc., Bio-Rad Laboratories, Inc., Agilent Technologies, GE Healthcare, Illumina, Inc.,, Danaher Corporation, and F. Hoffmann-La Roche.
View Full Table of Contents of Genomics Market:
https://industryarc.com/Report/1275/genomics-market-analysis-and-forecast-report.html
Related Reports:
A. Genomics Data Service Storage Market
https://industryarc.com/Report/18913/genomics-data-storage-services-market
B. Single Celled Genome Sequencing Market
https://industryarc.com/Research/Single-Cell-Genome-Sequencing-Market-Research-503991
What can you expect from the report?
The Genomics Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Genomics Market Size by Product Categories & Application
2. Genomics Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Genomics Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Genomics Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Genomics Market Strategic Analysis
18. Genomics Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Genomics Market Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in Genomics market segment?
Answer: Yes, we do have separate reports as mentioned below:
LATAM Genomics Market
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in the application or end-user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
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