Global Genomics Market is Thriving with Rising Latest Trends by 2027 | Top Players- Danaher, Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd, Illumina, Inc., Qiagen, Merck & Co., Inc

Genomics is the study of genomes and their communication with different stimuli, which is become the focus of development activities and widespread research in past few years. Genomics has become the reason of rise in technologies that gives a better apprehension of genomes and a better understanding of interaction of genomics with the apparatus and the environment

Genomics market is set to witness a healthy CAGR of 12.24% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. The rise in the market value can be attributed to the increasing applications of genomics, growing number of research projects in genomics, development of the drug discovery and molecular biology.

 

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Key Market Competitors:

 

Some of the major players operating in global genomics market are General Electric, Danaher, Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd, Illumina, Inc., Qiagen, Merck & Co., Inc, Agilent Technologies Inc, Bio-Rad Laboratories, Inc., Genotypic Technology Pvt Ltd, Macrogen, Inc., Eurofins Genomics LLC, PerkinElmer Inc., Personalis Inc., Pacific Biosciences of California, Inc., Oxford Nanopore Technologies., Eppendorf AG, Novogene Corporation, SciGenom Labs Pvt. Ltd, Takara Holdingd Inc., Kohlberg Kravis Roberts & Co. L.P., Dnastar and New England Biolabs among others.

 

Competitive Analysis:

 

Global genomics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of genomics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

 

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Market Definition: Global Genomics Market

Genomics is the study of genomes and their communication with different stimuli, which is become the focus of development activities and widespread research in past few years. Genomics has become the reason of rise in technologies that gives a better apprehension of genomes and a better understanding of interaction of genomics with the apparatus and the environment

According to World Health Organization (WHO), monogenic diseases occur from changes in a single gene of the body. The nature of disease depends on the functions performed by the modified gene. These diseases are relatively rare but these can affect millions of people worldwide. Scientists estimated that over 10,000 of human diseases are found to be monogenic.

 

Market Drivers

  • Increasing government funding and development in the number of genomics projects is driving the growth of the market
  • Rising incidence of chronic diseases is driving the market growth in the forecast period
  • Investment in research and developments on genomic application will boost the growth of the market
  • Technological advancements in data analysis tools have motivated healthcare community for the creation of precision-based therapies from surplus, available DNA data which is the driving force of the market

 

Market Restraints

 

  • Shortage of skilled professionals is hampering the market growth
  • Problems in intellectual property protection, data management and public policies is also acting as a restraint for the growth of the market

 

  • High cost of genomic equipment is also limit the market growth in the forecast period

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Segmentation: Global Genomics Market

By Deliverables

  • Product
    • Reagents
    • Instruments
  • Services
    • Core Genomics
    • NGS-Based
    • Biomarker Translation
    • Computational
    • Others

By Technology

  • Sequencing
  • Microarray
  • PCR
  • Nucleic Acid Extraction and Purification

By Application

  • Epigenomics
    • Chromatin Immunoprecipitation
    • Bisulfite Sequencing
    • Methylated DNA Immunoprecipitation
    • Chromatin Accessibility Assays
    • High-Resolution Melt
    • Microarray Analysis
  • Functional
    • Real-Time PCR
    • Transfection
    • RNA Interference
    • SNP Analysis
    • Mutational Analysis
  • Biomarker Discovery
    • Real-Time PCR
    • Mass Spectrometry
    • Microarray Analysis
    • Bioinformatics
    • Statistical Analysis
    • DNA Sequencing
  • Pathway Analysis
    • Microarray Analysis
    • Bead-Based Analysis
    • Real-Time PCR
    • Proteomics Tools
    • Others

By Process

  • Sequencing
  • Library Preparation
  • Data Analysis

By End-User

  • Government and Academic Institutes
  • Clinical Research
  • Biotechnology and Pharmaceutical Companies
  • Hospitals and Clinics
  • Others

Key Developments in the Market:

 

  • In June 2019, Eurofins Scientific announced that they have acquired the Transplant Genomics Inc. This acquisition would enable the company to launch TruGraf subclinical kidney rejection assay and it would further help to improve organ transplant outcomes for as many patients as possible
  • In June 2019, Invitee announced the acquisition of Singular Bio, Inc. the company is developing a technology that would enable the lower costs, use of high-quality, cell-free and nucleic acid analysis. This technology would be initially use in non-invasive prenatal screening. The acquisition will enable the  lower cost NIPS testing

Reasons to Purchase this Report

 

  • Current and future of global genomics market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

 

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

 

About Data Bridge Market Research:

 

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