Global $49.99 Bn Genomics Market Forecast to 2027 - COVID-19 Impact and Analysis by Technology, Product & Service, Application, and End User and Geography - ResearchAndMarkets.com

b'The "Genomics Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Technology, Product & Service, Application, and End User and Geography" report has been added to ResearchAndMarkets.com\'s offering.\nGenomics Market was valued at US$ 19,084.74 million in 2019 and is projected to reach US$ 49,996.15 million by 2027; it is expected to grow at a CAGR of 13.1% from 2020 to 2027.\nBased on technology, the genomics market is segmented into sequencing, microarray, PCR, nucleic acid extraction and purification, and others.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Monday, April 12, 2021
Information
Tags: 
Health, Genetics, Branches of biology, Biology, Life sciences, Molecular biology, Biotechnology, DNA, Genomics, DNA sequencing, In science, Whole genome sequencing, Sequencing
Geotags: 
DANAHER
⚠generated by AI ↴
Summary
Key Points: 
  • b'The "Genomics Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Technology, Product & Service, Application, and End User and Geography" report has been added to ResearchAndMarkets.com\'s offering.\nGenomics Market was valued at US$ 19,084.74 million in 2019 and is projected to reach US$ 49,996.15 million by 2027; it is expected to grow at a CAGR of 13.1% from 2020 to 2027.\nBased on technology, the genomics market is segmented into sequencing, microarray, PCR, nucleic acid extraction and purification, and others.
  • The sequencing segment held the largest share of the market in 2019.
  • The market growth for this segment is ascribed to its growing applications in medical, biotechnology, agriculture, diagnostics, and DNA Sequencing.\nAlso, increasing government genome sequencing programs, declining sequencing cost, and genomics studies.
  • However, the market for microarray segment is expected to grow at the fastest rate during the coming years.\nThe growth of the genomics market is attributed to the increasing prevalence of chronic diseases, declining cost of sequencing procedures, and growing funding for genomics.\nHowever, the lack of skilled professionals hinders the growth of this market.


The "Genomics Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Technology, Product & Service, Application, and End User and Geography" report has been added to ResearchAndMarkets.com's offering.

Microarray Segment to Register Highest CAGR in Genomics Market During 2020-2027

Genomics Market was valued at US$ 19,084.74 million in 2019 and is projected to reach US$ 49,996.15 million by 2027; it is expected to grow at a CAGR of 13.1% from 2020 to 2027.

Based on technology, the genomics market is segmented into sequencing, microarray, PCR, nucleic acid extraction and purification, and others. The sequencing segment held the largest share of the market in 2019. The market growth for this segment is ascribed to its growing applications in medical, biotechnology, agriculture, diagnostics, and DNA Sequencing.

Also, increasing government genome sequencing programs, declining sequencing cost, and genomics studies. However, the market for microarray segment is expected to grow at the fastest rate during the coming years.

The growth of the genomics market is attributed to the increasing prevalence of chronic diseases, declining cost of sequencing procedures, and growing funding for genomics.

However, the lack of skilled professionals hinders the growth of this market. Illumina, Inc.; Danaher; F. HOFFMANN-LA ROCHE LTD.; BIO-RAD LABORATORIES INC.; General Electric Company; Thermo Fisher Scientific Inc.; Agilent Technologies, Inc.; Eurofins Scientific; QIAGEN; and BGI are among the leading companies operating in the global genomics market.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the genomics market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global genomics market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Key Topics Covered:

1. Introduction

1.1 Scope of the Study

1.2 Research Report Guidance

1.3 Market Segmentation

2. Genomics Market- Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Global Genomics Market- Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Expert Opinion

5. Genomics Market- Industry Dynamics

5.1 Market Drivers

5.1.1 Growing Funding for Genomics

5.1.2 Declining Cost of Sequencing Procedures

5.1.3 Increasing Prevalence of Chronic Diseases

5.2 Market Restraints

5.2.1 Dearth of Skilled Professionals

5.3 Market Opportunities

5.3.1 Increasing Technological Advancement in Genomics Field

5.4 Future Trends

5.4.1 Increasing Demand for Personalized Medicines

5.5 Impact analysis

6. Genomics Market- Global Analysis

6.1 Global Genomics Market Revenue Forecast and Analysis

6.2 Global Genomics Market, By Geography - Forecast and Analysis

6.3 Market Positioning of Key Players

7. Genomics Market Analysis - By Technology

7.1 Overview

7.2 Genomics Market Revenue Share, by Technology (2019 and 2027)

7.3 Sequencing

7.4 Microarray

7.5 Polymerase Chain Reaction (PCR)

7.6 Nucleic Acid Extraction and Purification

8. Genomics Market Analysis - By Product & Service

8.1 Overview

8.2 Genomics Market Revenue Share, by Product & Service (2019 and 2027)

8.3 Instruments/Systems

8.4 Consumables

8.5 Services

9. Genomics Market - By Application

9.1 Overview

9.2 Genomics Market, by Application, 2019 and 2027 (%)

9.3 Diagnostics

9.4 Drug Discovery and Development

9.5 Precision/Personalized Medicine

9.6 Agricultural & Animal Research

10. Genomics Market - By End-User

10.1 Overview

10.2 Genomics Market, by End-User, 2019 and 2027 (%)

10.4 Research Centres

10.5 Hospitals & Clinics

10.6 Pharmaceutical & Biotechnology Companies

11. Genomics Market - Geographical Analysis

12. Impact Of COVID-19 Pandemic on Global Genomics Market

13. Genomics Market- Industry Landscape

13.1 Overview

13.2 Growth Strategies Done by the Companies in the Market, (%)

13.3 Organic Developments

13.3.1 Overview

13.4 Inorganic Developments

13.4.1 Overview

14. Company Profiles

14.1 Key Facts

14.2 Business Description

14.3 Products and Services

14.4 Financial Overview

14.5 SWOT Analysis

14.6 Key Developments

  • Illumina, Inc.
  • Danaher,
  • F. HOFFMANN-LA ROCHE LTD.
  • BIO-RAD LABORATORIES INC.
  • General Electric Company
  • Thermo Fisher Scientific Inc.
  • Agilent Technologies, Inc.
  • Eurofins Scientific
  • QIAGEN
  • BGI

For more information about this report visit https://www.researchandmarkets.com/r/w8trm8

Copyright: 
Copyright Business Wire 2021