According to a new market research study titled ‘Genomics Market to 2025 – Global Analysis and Forecasts by Technology, Product & Services, Application and End User’. The global genomics market is expected to reach US$ 32,995.3 Mn in 2025 from US$ 14,728.6 in 2017. The market is estimated to grow with a CAGR of 10.8% from 2018-2025. The report highlights the trends prevalent in the global genomics market and the factors driving the market along with those that act as deterrents to its growth.
Sequencing Segment is expected to grow the Market for Genomics over the Forecast Period for Technology Segment.
The market for genomics is expected to grow as growth in investments & funds for genomics, declining cost of sequencing procedures, increasing number of start-up companies, technological advancements in genomics are expected to fuel the market growth during the forecast period. In addition, the technologies of genomics are likely to have a positive impact on the growth of the market in the coming years.
The major players operating in the genomics market include Thermo Fisher Scientific Inc., Illumina Inc., and Eurofins, Qiagen, Agilent Technologies, BGI, Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche AG, Danaher, and GE Healthcare. For instance, in October 2018, Roche launched the three new next-generation sequencing (NGS) AVENIO Tumor Tissue Analysis Kits, the AVENIO Tumor Tissue Targeted Kit, Expanded Kit and Surveillance Kit. The kits detect all four mutation classes in solid tumours, complement Roche’s NGS ctDNA kits for oncology research. The developments performed by the companies are helping the market to grow in the coming years.
The objective of the study is to describe, define, and forecast the genomics market by technology, product & services, application, end user and region. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall market.
The report analyzes factors affecting genomics market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key genomics manufacturing companies along with their SWOT analysis and market strategies.
TABLE OF CONTENTS
1. INTRODUCTION 23
1.1 SCOPE OF THE STUDY 23
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 23
2. GLOBAL GENOMICS MARKET – KEY TAKEAWAYS 25
3. GLOBAL GENOMICS MARKET – MARKET LANDSCAPE 28
3.1 OVERVIEW 28
3.2 MARKET SEGMENTATION 28
3.2.1 Global Genomics Market – By Technology 29
3.2.2 Global Genomics Market – By Product & Services 29
3.2.3 Global Genomics Market – By Application 30
3.2.4 Global Genomics Market – By End User 30
3.2.5 Global Genomics Market – By Geography 30
3.3 PEST ANALYSIS 31
3.3.1 North America – PEST Analysis 31
3.3.2 Europe– PEST Analysis 33
3.3.3 Asia Pacific– PEST Analysis 35
3.3.4 Middle East And Africa– PEST Analysis 37
3.3.5 South and Central America – PEST Analysis 39
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