According to a new market research report published by Global Insight Services “Genomics Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Genomics is the study of genes and their function. The market for genomics is expected to grow in the coming years as the technology becomes more affordable and accessible.
Products in the genomics market include sequencing, microarrays, and PCR. Sequencing is the most popular product, accounting for over half of the market share. Microarrays are used for gene expression and SNP analysis, while PCR is used for DNA amplification and sequencing.
The applications of genomics include drug discovery, disease diagnosis, and agricultural biotechnology. The drug discovery market is the largest application, accounting for over half of the market share. Genomics is also used in disease diagnosis, such as cancer, and in agricultural biotechnology, such as crop improvement.
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Key Players
- Oxford Nanopore Technologies
- Danaher Corporation
- Thermo Fisher Scientific Inc.
- Eurofins Scientific
- F. Hoffmann-La Roche Ltd.
- Illumina Inc.
Key Trends and Drivers
The key trends in the genomics market are the increasing demand for personalized medicine and the increasing funding for genomics research.
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Market Segments
By Type
- Consumable
- Software
- Services
By Technology
- PCR
- Sequencing
- Microarray
- Nucleic Acid Extraction and Purification
- Others
By Application
- Diagnostics
- Drug Discovery and Development
- Precision Medicine
- Agriculture and Animal Research
- Others
By End-Use
- Research Centers and Academic Institutes
- Hospitals & Clinics
- Pharmaceutical & Biotechnology Companies
- Others
Reasons to buy Genomics Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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