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Genomics Market Size, Growth, Segmentation and Forecast-2029
Genomics Market Size, Growth, Segmentation and Forecast-2029
Genomics Market was worth US$ 23.18 Bn. in 2021 and total revenue is expected to grow at a rate of 15.35% CAGR from 2021 to 2029, reaching almost US$ 72.67 Bn. in 2029.

Genomics Market Overview

Maximize Market Research a global business consulting firm has published a report on the Genomics Market. The report covers of the Genomics Markets major key drivers and restraints. It helps detecting the drivers that are steering the market growth and discovering ways to use these drivers as strengths. Opportunities are created by external components like changes in the market and new consumer trends. This will guide to understand the elements that will influence your potential to take advantage of your opportunities.

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Market Scope

The reports gives the readers in-depth analysis of the Genomics market with help of tabular data and graphical representation. It focuses on the major and minor components of the market and also the key competitors in the industry and their growth strategies. The report deals with the market trends and provides the regional analysis of potential investment opportunities for existing and new market entrants. It covers in depth analysis of different segments of the Genomics market. Methods like SWOT, PESTLE and PORTER’s five forces were undertaken to understand to the strength and weakness of the Genomics market.

Market Dynamics: 

Government support for genomics projects is growing. The cost of researching tumour treatments in the US will exceed $150 billion in 2021. In India, the department of biotechnology has launched the "Genome India Project." To create a reference genome, 10,000 samples are being collected as part of that project. For 36 research projects, the Ministry of Science and Sport of Canada raised $33.4 million in funding. How much and to what extent the medical community will use current genomic information in personalised medicine is one of the crucial factors that is likely to have a significant impact on the genomics market.

Market Segmentation :

The market is divided into Sequencing, Microarray, PCR, Nucleic Acid Extraction and Purification, and Others based on technology. The market for genomics is expanding primarily due to technological advancements, an increase in genomics research, and decreased costs for DNA amplification using PCR. The market is primarily driven by technological investment and DNA expansion using PCR. In 2021, the second segment will have the largest share. Sequencing technology has benefits like ultra-high throughput, scalability, and high speed. It is used for a variety of tasks, including farming and animal breeding.

The market is further divided into the Application sub-segments of Diagnostic, Drug Discovery, Precision Medicine, and Others. The genomics market's largest and fastest-growing application segment is diagnostics. The expansion of this market can be attributed to rising study of diseases like cancer and genetic disorders as well as falling sequencing costs. With more research being done on diseases like cancer and genetic disorders, along with lower sequencing costs, the drug discovery segment is currently holding the second-place spot in the market.

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Key Players

• Thermo Fisher Scientific Inc
• Illumina Inc.
• QIAGEN N.V.
• Agilent Technologies Inc
• Eurofins Scientific
• BGI
• GE Healthcare
• Bio-Rad Laboratories Inc
• F. Hoffmann-La Roche Ltd
• Oxford Nanopore Technologies
• Beijing Genomics Institute
• Foundation Medicine, Inc
• 23andMe, Inc
• Pacific Biosciences of california
• Myriad Genetics, Inc.

Regional Analysis

The report on the Genomics market growth provides a detailed regional analysis. It helps in understanding the regions which are expected to grow in forecast period. To keep ahead of the competition the regional analysis gives a better perspective and understanding of the market and target audience in a specific country or a region.

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Key Questions answered in the Genomics Market Report are:

  • What is Genomics Market?
  • What is the forecast period of the Genomics Market?
  • What is the competitive scenario of the Genomics market?
  • Which region held the largest market share in the Genomics Market?
  • What are the opportunities for the Genomics Market?
  • What factors are affecting the Genomics market growth?
  • Who are the key players of the Genomics market?
  • Which company held the largest share in the Genomics market?
  • What will be the CAGR of the Genomics market during the forecast period?
  • What key trends are likely to emerge in the Genomics market in the coming years?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key
  • trends
  • Market Segmentation: A detailed analysis by Genomics
  • Landscape- Leading key players and other prominent key players.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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