Global Genomics Market, By Product and Service (Systems & Software, Consumables, Services), By Techn

Published Date: | Report Code : HC1958549

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The Genomics Market is expected to promise high growth owing to increasing cases of genetic predisposition to certain diseases in the recent years. Increasing demand from Applications including Diagnostic, Precision Medicine is expected to drive the growth of genomics market. This market has witnessed number of key developments by major companies including Bio-Rad Laboratories, Inc; Danaher; BGI; F. Hoffmann-La Roche Ltd..; Illumina, Inc; Pacific Biosciences; Oxford Nanopore Technologies with focus on organic as well as inorganic growth strategies.  Developing regions including Asia Pacific and Middle East have been among the high potential markets with high growth in some of the key economies.

There has been a growth of genomic data pool due to research activities that have enabled the physicians, biologists, and patients to further investigate the genetic predisposition to certain diseases. The clinical application of this plays a vital role in the transformation of the healthcare system was it provides more accurate, effective, and reliable disease management solutions.

Segment Analysis:

On the basis of products and services, it is segmented into Systems & Software, Consumables, Services. The consumables segment is majorly used and its growth is attributed to the rising number of genomic services start-ups.

By the basis of technology, it is segregated into sequencing, microarray, and PCR. The PCR segment has seen a rise in its growth. The technological advancements, increasing research in the field of genomics, and the lower cost of DNA amplification using PCR are the key factors that are driving the growth of this market.

On the basis of application, it is segregated into, diagnostic application, and precision medicine. There has been a significant rise in the growth of diagnostic applications in the genomics market. The growth of diagnostics can be attributed to the increasing research on diseases such as cancer and genetic disorders and the decreasing cost of sequencing.

Key Factors Impacting Market Growth:

  • Increasing cases of genetic predisposition to certain diseases

  • It provides more accurate, effective, and reliable disease management solutions.

Regional Analysis:

North America, Western Europe, and Asia Pacific by region are estimated to dominate the genomics market during the forecast period. These regions have been market leaders for the overall healthcare sector in terms of technological developments and advanced medical treatments. Moreover, government policies have been favorable for the growth of the healthcare infrastructure in these regions. North America and Western Europe have an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for genomics market during the forecast period. The US, Germany, France, UK, Canada, and Spain have been some of the major markets in the region.

Asia Pacific is estimated to register one of the highest CAGR for genomics market during the forecast period. This region has witnessed strategic investments by global companies to cater the growing demand in recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for genomics market in the region. Other regions including Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for genomics during the forecast period.

Companies Covered: Bio-Rad Laboratories, Inc; Danaher; BGI; F. Hoffmann-La Roche Ltd..; Illumina, Inc; Pacific Biosciences; Oxford Nanopore Technologies.; 23andMe, Inc, Foundation Medicine, Inc, and Myriad Genetics, Inc.

Market Segmentation:

By Product and Service:

  • Systems & Software

  • Consumables

  • Services

By Technology:

  • Sequencing

  • Microarray

  • PCR

By Application:

  • Diagnostic

  • Precision Medicine

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Product and Service

    • By Technology

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Product and Service

    • By Technology

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Product and Service

    • By Technology

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Product and Service

    • By Technology

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Product and Service

    • By Technology

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Product and Service

    • By Technology

    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global genomics market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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