Genomics Market was worth US$ 26.74 Bn. in 2022 and total revenue is expected to grow at a rate of 15.35% CAGR from 2023 to 2029, reaching almost US$ 72.67 Bn. in 2029.
Genomics Market Scope
MMR's research provides a comprehensive overview of the Genomics market, identifying the leading global companies based on factors such as volume, value, market share, strategies, and industry growth. The research also offers strategies for existing and new market entrants, and is expected to help businesses improve their market position. The report includes market revenue by region and country, as well as segmentation by type and end users.
Genomics Market Overview
The Global Genomics Market 2021 report by Maximize Market Research is a comprehensive analysis of the market, including its regional insights, changing trends, industry environment, and key players. The report is based on both primary and secondary research, and the results are presented in a logical and easy-to-understand format.
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Genomics Market Segmentation
The market is further divided into submarkets for sequencing, microarray, PCR, nucleic acid extraction and purification, and others based on technology. In 2022, the PCR category held the highest proportion (xx%) of the genomics market. Growing genomics research, technological advancements, and the decreasing cost of PCR-amplification of DNA are the main drivers of the genomics market's expansion. The two main reasons propelling the market are the technical investment and the PCR-based expansion of DNA. In 2022, the second segment will have the biggest share, or xx%. Sequencing technology has several uses, including agriculture and animal breeding, and is connected with benefits including high speed, scalability, and ultra-high throughput.
The market is divided into submarkets based on application, including diagnostics, drug discovery, precision medicine, and others. Within the genomics market, the largest and fastest-growing application segment is diagnostics. This market is expected to grow as a result of growing research into genetic abnormalities and diseases including cancer, as well as falling sequencing costs. Thanks to lower sequencing costs and greater research on genetic abnormalities and diseases like cancer, the drug discovery segment currently maintains the second position in the industry.
The market is divided into three sub-sectors based on product and service: consumables, systems and software, and services. With a market share of xx% in 2022, consumables have the largest share. Consumables are still being used in the genomic system and are being used in more and more genomic tests worldwide. Which is one of the factors driving the market. The segment's revenue is produced by the major players' use of reagent and nucleic acid. With the debut of a product intended to make whole genome sequencing accessible and inexpensive for labs of all sizes in June 2021, Illumina Inc. announced the NovaSeqTM 6000 reagent kit in August 2021. The Magbind viral RNA Xpress kit was released by Omega Bio-tek Inc. to isolate viral RNA from swab samples in a dependable and quick manner.
Genomics Market Size and Forecast, by Product & Service (2022-2029)
1. Consumables
2. Systems and software
3. Services
Genomics Market Size and Forecast, by Technology (2022-2029)
1. Sequencing
2. Microarray
3. PCR
4. Nucleic Acid Extraction and Purification
5. Others
Genomics Market Size and Forecast, by Test Type (2022-2029)
3. Diagnostic Test
3. Genetic Test
3. Newborn Screening
4. Pre-implantation Testing
5. Prenatal Testing
6. Carrier Testing
Genomics Market Size and Forecast, by Application (2022-2029)
1. Diagnostic
2. Drug Discovery
3. Precision Medicine
4. Others
Genomics Market Size and Forecast, by Method (2022-2029)
1. Molecular Test
2. Chromosomal Test
3. Biochemical Test
Genomics Market Size and Forecast, by End User (2022-2029)
1. Research Centers
2. Hospitals and Clinics
3. Pharmaceutical Companies
Genomics Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Genomics Market Key Players
1. Thermo Fisher Scientific Inc
2. Illumina Inc.
3. QIAGEN N.V.
4. Agilent Technologies Inc
5. Eurofins Scientific
6. BGI
7. GE Healthcare
8. Bio-Rad Laboratories Inc
9. F. Hoffmann-La Roche Ltd
10.Oxford Nanopore Technologies
11.Beijing Genomics Institute
12.Foundation Medicine, Inc
13.23andMe, Inc
14.Pacific Biosciences of california
15.Myriad Genetics, Inc.
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Regional Analysis
The report is focused on the five most important regions for the Genomics market: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. These regions are responsible for the majority of the world's Genomics consumption.
Key Questions answered in the Genomics Market Report are:
- What is Genomics?
- What is the forecast period of the Genomics Market?
- What is the competitive scenario of the Genomics market?
- Which region held the largest market share in the Genomics Market?
- What are the opportunities for the Genomics Market?
- What are the restraining factors in the Genomics market?
- Who are the key players of the Genomics market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Genomics#
- Landscape- Leading key players and other prominent key players.
- Price Trends
- Key Opinion Leaders Offerings
- Government Initiatives
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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