Genomics Market to Rise by $23.88 billion in 2022

Press Release   •   Jan 11, 2018 08:09 EST

The global genomics market is estimated to grow at a CAGR of 10.2% from 2017 to 2022, global genomics market reach to USD 23.88 billion in 2022 from 14.71 billion in 2017. The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies.

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North America is expected to grow at the highest CAGR in the global genomics market during the forecast period of 2017–2022. The new pan – Canadian program, Research grants and funding by the government institutes in the US, and the US Precision Medicine Initiative are expected to drive the market growth during the forecast period. Get direct access complete report copy of Genomics Market by Product and Services (Instruments/Systems, Consumables, Services), Technology (Sequencing, Microarray, PCR), Process (Library Preparation, Sequencing, Data Analysis), Application (Diagnostics) - Forecast to 2022 at http://www.rnrmarketresearch.com/contacts/purchase?rname=494897

The key factors driving the growth of the overall genomics market include the growing demand for rise in research activities in the field of genomics; increasing number of start-up companies; and increasing application of genomic sequencing in the diagnostics, personalized medicine, growing investments, grants, and funds by the government;. However, the high costs of genomic sequencing instruments/systems are expected to restrain the growth of this market to a certain extent during the forecast period.

Based on products and services, the genomics market is segmented into instruments/systems, consumables and services. During the forecast period, the services segment is expected to grow at the highest CAGR.

Based on application, the genomics market is segmented into diagnostics, drug discovery and development, personalized medicine, agriculture and animal research, and other applications such as bio fuels, marine research and coal mines. During the forecast period, the diagnostics market is poised to grow at the highest CAGR.

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Genomics Market Target Audience followed by:

  • Genomics products and services companies and distributors
  • Genomics instrument and consumables manufacturers and suppliers
  • Out–licensing life sciences companies (pharmaceutical/biopharmaceutical/biotechnology)
  • In–licensing life sciences companies (pharmaceutical/biopharmaceutical/biotechnology)
  • Genomics research organizations
  • Academic institutes
  • Government and private research institutes
  • Medical research centers
  • Public and private health agencies
  • Genomics and biotechnology associations
  • Business consultancies
  • Venture capitalists

The various players in the Genomics market include Thermo Fisher Scientific (US), Agilent Technologies, (US), Illumina (US), Eurofins Scientific (Germany), QIAGEN (Netherlands), BGI (China), GE Healthcare (UK), Bio-Rad Laboratories (US), F. Hoffmann-La Roche (Switzerland), Oxford Nanopore Technologies (UK), Pacific Biosciences of California (US), and Eppendorf (Germany) among others.

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