Globally the growing competition in the healthcare industry, coupled with other growth driving factors such as rising demand for genetically modified plants and constant technological advancement in genetic procedures are anticipated drive the genomics market in near future. According to Goldstein Research, global genomics market size is expected to reach USD 24.5 billion by 2025, growing at a compounded annual growth rate of 11.2% during the forecast period 2017-2025. Global genomics market segmentation has been carried out on the basis of product type, technology, application, end user and geography. On the basis of application, diagnostics segment accounted for the highest market share of 32.5%.
Moreover, genome editing market, growing at a CAGR of 13.2% over the forecast period to reach USD 8.56 billion by 2025, is attracting huge government investments and thus it is one of the most attractive markets.
Further, Global genomics industry is estimated to be dominated by Europe with a market share of 37.25% in 2017. Whereas, the Asia Pacific is growing at the fastest growth rate on the back of developments in the Asian countries such as China & India. China also has the world’s largest genomic research institute.
Market Segmentation
On the basis of our in-depth analysis, Global Genomics Market can be segmented as follows:
By Product Type
- Instruments
- Consumables
- Services
By Technology
- Microarray Technology
- PCR
- DNA Sequencing
- Nucleic Acid Extraction & Purification
- Others (Gene Expression, etc)
By Application
- Diagnostics (Prenatal diagnosis and testing)
- Infectious diseases
- Pharmacogenetics and targeted therapy
- Personalized Medicines
- Gene Therapy
- Genome Editing
- Agriculture Research
- Others (Marine Research, biofuels, and coal mines)
By End User
- Hospitals & Clinics
- Research & Development Centers
- Pharmaceutical and Biotechnology Companies
- Agri-genomics organizations
By Region
- North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
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“Global Genomics Market Outlook 2025” contains a detailed overview of the global genomics market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, technology, application and end user.
Further, for the in-depth analysis, Global Genomics Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This market research report also includes competitive outlook of some of the major players profiling of companies such as Bayer AG, Affymetrix Inc., Agilent Technologies, Inc., Genomatix Software Inc., Navigenics, Inc., Roche Diagnostics, Myriad Genetics, Inc., Qiagen, Inc., Illumina, Inc., GE Healthcare, Thermo Fisher Scientific, Eurofins Scientific, BGI, Bio-Rad Laboratories, Oxford Nanopore Technologies, Pacific Biosciences of California, Eppendorf, 23andme, Futura Genetics, Veritas Genetics, Counsyl, Verge Genomics, Deep Genomics, IBM Watson for Genomics, Verily Life Sciences, DeCODE, Foundation Medicine, Rosetta Genomics, Color Genomics, Quest Diagnostics, National Geographic’s ancestry test, Ancestry, Illumina, Nanopore Technologies, Edico Genome, BGI, Intellia Therapeutics, Editas Medicine, CRISPR Therapeutics, etc.
The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global genomics market trends along with the market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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