Genomics, the branch of science that deals with the study of genomes and their communication with variety of stimuli, that has been the focus of widespread research and development activities in the few years. Genomics has witnessed an important rise in technologies that offer a better understanding of genomes and their interaction with the environment and apparatus that use research results for the understanding of genomes in the growth and survival of all organisms.
Global Genomics Market accounted to USD 14.0 billion in 2016 growing at a CAGR of 9.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Drivers and Restraints:
- Increasing Government Funding and Development in the Number of Genomics Projects
- Rising Application Areas of Genomics
- Declining Cost Of Sequencing
- Higher Prices of Equipment Used in Genomics
- Use of Genomics in Specialized/Personalized Medicine
- Dearth Of Skilled Professionals
By product and services the global genomics market is segmented into instruments/systems, consumables, and services.
On the basis of technology the global genomics market is segmented into sequencing, microarray, PCR, nucleic acid extraction and purification.
On the basis of process the global genomics market is segmented into sequencing, library preparation, and data analysis.
On the basis of end-user the global genomics market is segmented into research centers and academic & government institutes, hospitals and clinics, pharmaceutical & biotechnology companies, and other end users.
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On the basis of application the global genomics market is segmented into research, drug discovery, and diagnostics.
The diagnostics segment is further sub-segmented into cancer diagnostics, monogenic (mendelian) disorders, and other diagnostic applications. The other diagnostic application is further sub-segmented into common diseases and complex disorders, movement disorders, and HIV.
The global genomics market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of genomics market for global, Europe, North America, Asia Pacific and South America.
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Major Market Competitors:
Some of the major players operating in global genomics market are General Electric, Danaher, Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd, Illumina, Inc., QIAGEN, Merck & Co., Inc., Agilent Technologies, Bio-Rad Laboratories, Inc., Genotypic Technology Pvt Ltd, QIAGEN, Macrogen, Inc., Eurofins Scientific, PerkinElmer Inc., Personalis Inc., Pacific Biosciences of California, Inc., Oxford Nanopore Technologies, Pacific Biosciences of California, Inc., Eppendorf AG, Novogene Corporation, SciGenom Labs Pvt. Ltd, TAKARA HOLDINGS INC., Kohlberg Kravis Roberts & Co. L.P., GENEWIZ, Agilent Technologies, Genomatix GmbH, Biomatters Limited, Strand Life Sciences Pvt. Ltd, DNASTAR, Inc., and New England Biolabs among others
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