The global genomics market was valued at $11.11 billion in 2013, and is expected to grow at a CAGR of over 12.0% from 2013 to 2018. The penetration of new markets through the expansion of genomics applications, and advancements in existing technologies plays an important role in attracting new market participants to invest in this market. Next Generation Sequencing (NGS) in personalized medicine and molecular diagnostics is considered as a high growth area for the global genomics market. This new technology provides an affordable and accurate screening solution for genetic mutations. Moreover, the increasing volume of novel genetic tests for personalized medicine and biomarker discovery ensures the continued growth of this market.
Tier I and Tier II companies were found to be dominant in the instrument and consumables segments of the genomics market. The genomics market is becoming increasingly consolidated.
The genomics market is becoming increasingly consolidated. Among all market players, Roche Diagnostics, Life Technologies, and QIAGEN together accounted for over 47.0% of the revenues earned by the global genomics market in 2013. This concentration of market shares with Tier I market players is expected to challenge market growth. However, technological advancements, and increasing investments are expected to continue to drive the growth of the global genomics market.
This report provides comprehensive analysis of market dynamics - drivers, restraints, key market metrics, current market trends, competitive structure, and market revenues and forecasts from 2013 to 2018. It also includes an analysis of mergers and acquisitions in the global genomics market over the last ten years, in addition to technology roadmaps for key technology areas in this market. As a part of the premium insights section, current growth strategies adopted by market participants in the global genomics market have been detailed and analyzed.
Global Market Reports is a distributor of market research spanning 160 industries. Our extensive database consists of over 100,000 quality publications sourced from 400 plus publishers, this puts our research specialists in the unique position of been able to offer truly unbiased advice on what research provides the most valuable insights.