Global Genomics Market Tends to Expand at a CAGR of 11.2% during Forecast Period 2017-2025

By | June 30, 2018

According to Goldstein Research, Global genomics market is anticipated to grow at a CAGR of 11.2% over the forecast period 2017-2025 to reach USD 24.5 billion by 2025. Adoption of genome editing/genome engineering in genomics which are used for cell line engineering, genetic engineering, diagnostics and therapeutics are expected to positively reinforce genomics market. However, the complex nature of the drugs coupled with high development costs, sub-optimal development framework and inter-patient variability of effects contributing to potential barriers that are integrating genomics into underserved medical settings are intensely challenging the growth of market. Global genomics market segmentation has been done on the basis of product type, technology, application, end user and geography.

Global Genomics Market segmentation based on application, diagnostics application segment dominated in 2017 with 32.5% market share due to accuracy of gene-based diagnostics of variable diseases. Personalized medicine market is expected to grow at the highest CAGR of 11.42% during the forecast period. Genomics market is largely dominated by Europe with a market share of 37.25% in 2017. Whereas APAC is expected to witness the most significant development owing to strengthening economies of developing countries such as India and China. North America genomics market will grow at the substantial rate due to the ample amount of funds and presence of companies undertaking research in the field of genomics.

Market Segmentation

On the basis of our in-depth analysis, Global Genomics Market can be segmented and sub-segmented as follows:

Genomics Market, Based on Product Type

  • Instruments
  • Consumables
  • Services

Genomics Market, Based on Technology

  • Microarray Technology
  • PCR
  • DNA Sequencing
  • Nucleic Acid Extraction & Purification
  • Others (Gene Expression, etc)

Genomics Market, Based on Application

  • Diagnostics (Prenatal diagnosis and testing)
  • Infectious diseases
  • Pharmacogenetics and targeted therapy
  • Personalized Medicines
  • Gene Therapy
  • Genome Editing
  • Agriculture Research
  • Others (Marine Research, biofuels, and coal mines)

Genomics Market, Based on End User

  • Hospitals & Clinics
  • Research & Development Centers
  • Pharmaceutical and Biotechnology Companies
  • Agri-genomics organizations

Genomics Market, By Region

  • North America (United States, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific genomics Market(China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

“Genomics Market Outlook 2025” contains a detailed overview of the global genomics market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, technology, application and end user.

Further, for the in-depth analysis, Global Genomics Market Report technology and end-user encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This industry analysis report also includes competitive outlook of some of the major players profiling of companies such as Bayer AG, Affymetrix Inc., Agilent Technologies, Inc., Genomatix Software Inc., Navigenics, Inc., Roche Diagnostics, Myriad Genetics, Inc., QIAGEN, Inc., Illumina, Inc., GE Healthcare, Thermo Fisher Scientific, Eurofins Scientific, BGI,  Bio-Rad Laboratories, Oxford Nanopore Technologies, Pacific Biosciences of California, Eppendorf, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Objective of Report:

  • To analyze and forecast market size of genomics market.
  • To calculate the expected growth rate of genomics market.
  • To classify and forecast genomics market based on product type, technology, application, end user and geography.
  • To identify market key players, driving factors, & trends of genomics market with the help of SWOT Analysis.
  • To identify and analyze the profiles of leading players involved in the manufacturing and supplying of genomics market.
  • To identify market opportunities for the existing and entry level players.

 

Overall, the report represents the global genomics market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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