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 Overview
The Global Genomics Market Report for the forecast period of 2020-2029 examines the factors driving market growth, conducts regional-level analysis, evaluates Genomics market distributors, and provides a comprehensive competitive landscape analysis of major industry players. The research report thoroughly explores every sector of the global Genomics market. By studying different segments, the report identifies crucial opportunities in the global Genomics industry. The regional research of the global Genomics market helps readers gain a comprehensive understanding of recent and future developments in various geographic marketplaces. Additionally, the report includes a comprehensive analysis of the main dynamics of the global Genomics market, including market influence, market effect variables, drivers, threats, restrictions, trends, and growth prospects. Furthermore, the Genomics market report covers various types of analysis, including qualitative and quantitative approaches.
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Genomics Market Scope
The Genomics Market report provides a comprehensive analysis of the industry, presenting key findings such as major market drivers, opportunities, challenges, regional outlook, and growth rate. Serving as a valuable guide for investors and stakeholders in the Genomics industry, the report also includes the market size and Compound Annual Growth Rate for the forecast period from 2022 to 2029.
For estimating various market sectors, a bottom-up approach is employed. Additionally, the report conducts regional analysis of the Genomics Market at the local, regional, and global levels, providing a comprehensive understanding of the market dynamics across different geographical areas.
Genomics Market Segmentation
The market is divided into Sequencing, Microarray, PCR, Nucleic Acid Extraction and Purification, and Others based on technology. In 2022, the genomics market's PCR category held the biggest market share of%. The market for genomics is expanding mostly due to technological advancements, an increase in genomics research, and decreased costs for DNA amplification using PCR. The market is primarily driven by technology investment and DNA expansion utilizing PCR. In 2022, the second segment will have the highest share of xx%. Sequencing technology has benefits including ultra-high throughput, scalability, and fast speed. It is utilized for a variety of tasks, including farming and animal breeding.
The market is further divided into the Application sub-segments of Diagnostic, Drug Discovery, Precision Medicine, and Others. The genomics market's largest and fastest-growing application sector is diagnostics. The expansion of this market can be due to rising study of diseases including cancer and genetic disorders as well as falling sequencing costs. With more research being done on diseases like cancer and genetic disorders, together with lower sequencing costs, the drug discovery segment is currently holding the second-place spot in the market.
The market is further divided into Consumables, Systems and software, and Services based on Product and Service. In 2022, consumables will have the biggest market share. Consumables are still being used in the genomic system, and the number of genomic tests being performed worldwide is rising. This is one of the market-influencing elements. The segment's income is produced by significant players using nucleic acids and reagents. With the debut of a product meant to make whole genome sequencing accessible and inexpensive for laboratories of all sizes in June 2021, Illumina Inc. announced the NovaSeqTM 6000 reagent kit in August 2021. The Magbind viral RNA Xpress kit was introduced by Omega bio-tek Inc. to quickly and accurately isolate viral RNA from swab sample.
Global Genomics Market Analysis and Forecast, by Product & Service
1. Introduction and Definition
2. Key Findings
3. Global Genomics Market Value Share Analysis, by Product & Service
4. Global Genomics Market Size (US$ Bn) Forecast, by Product & Service
5. Global Genomics Market Analysis, by Product & Service
6. Global Genomics Market Attractiveness Analysis, by Product & Service
Global Genomics Market Analysis and Forecast, by Technology
1. Introduction and Definition
2. Key Findings
3. Global Genomics Market Value Share Analysis, by Technology
4. Global Genomics Market Size (US$ Bn) Forecast, by Technology
5. Global Genomics Market Analysis, by Technology
6. Global Genomics Market Attractiveness Analysis, by Technology
Global Genomics Market Analysis and Forecast, by Test Type
1. Introduction and Definition
2. Key Findings
3. Global Genomics Market Value Share Analysis, by Test Type
4. Global Genomics Market Size (US$ Bn) Forecast, by Test Type
5. Global Genomics Market Analysis, by Test Type
6. Global Genomics Market Attractiveness Analysis, by Test Type
Global Genomics Market Analysis and Forecast, by Method
1. Introduction and Definition
2. Key Findings
3. Global Genomics Market Value Share Analysis, by Method
4. Global Genomics Market Size (US$ Bn) Forecast, by Method
5. Global Genomics Market Analysis, by Method
6. Global Genomics Market Attractiveness Analysis, by Method
Global Genomics Market Analysis and Forecast, by Application
1. Introduction and Definition
2. Key Findings
3. Global Genomics Market Value Share Analysis, by Application
4. Global Genomics Market Size (US$ Bn) Forecast, by Application
5. Global Genomics Market Analysis, by Application
6. Global Genomics Market Attractiveness Analysis, by Application
Global Genomics Market Analysis and Forecast, by End User
1. Introduction and Definition
2. Key Findings
3. Global Genomics Market Value Share Analysis, by End User
4. Global Genomics Market Size (US$ Bn) Forecast, by End User
5. Global Genomics Market Analysis, by End User
6. Global Genomics Market Attractiveness Analysis, by End User
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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 on the growth of the Genomics Market presents a comprehensive regional analysis, focusing on key regional divisions including North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, all of which have a global impact. Conducting Genomics market research enables businesses to gain a better perspective and understanding of the market and target audience, ensuring they stay ahead of the competition.
Key Questions answered in the Genomics Market Report are:
- What is Genomics Market?
- 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 factors are affecting the Genomics market growth?
- Who are the key players of the Genomics market?
- Which company held the largest share in the Genomics market?
- What will be the CAGR of the Genomics market during the forecast period?
- What key trends are likely to emerge in the Genomics market in the coming years?
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.
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