Genomics Market was worth US$ 30.84 Bn. in 2023 and total revenue is expected to grow at a rate of 15.35% CAGR from 2024 to 2030, reaching almost US$ 83.81 Bn. in 2030.
Genomics Market Report Overview:
The report encompasses the latest revenue and trends within the Genomics Market It provides an introduction to the Genomics market, defining its scope, structure, and strategies for proactive and pre-planned management. The report hones in on the factors that impact the Genomics Market in both positive and negative ways. Additionally, it assists in gauging the prospective growth of the Genomics Market in the upcoming forecast years. The report serves as a valuable tool for shaping market strategies and understanding the contextual landscape of the Genomics industry.
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Genomics Market Report Scope and Research Methodology:
The primary objective of the Global Genomics Market report is to deliver a comprehensive analysis of the market in accessible language for stakeholders. The research has involved segmenting the Genomics market into major categories, which were further subdivided into various sub-segments. The report offers a detailed examination of drivers, opportunities, restraints, and challenges within the Genomics industry, segmented both regionally and by segment.
The report on the Genomics Market furnishes an exhaustive analysis, incorporating historical data, insightful perspectives, facts, and statistically validated market statistics. These statistics are based on a well-founded set of assumptions and methodologies. The collection of data for the Genomics market report relied on both primary and secondary research methods. This amalgamated data was meticulously analyzed to produce precise and reliable findings.
Incorporating secondary research, the report delves into annual and financial reports of leading players, while primary research involves interviews with key opinion leaders and experts within the Genomics industry, including frontline personnel, entrepreneurs, and marketing professionals. The estimation of the Genomics market size was achieved through a bottom-up approach. The report employs SWOT analysis to outline the strengths and weaknesses of the Genomics Market, and leverages PESTLE and PORTER analyses to outline the impacts of macroeconomic and microeconomic factors on the global Genomics Market.
Genomics Market Key Players:
1. Thermo Fisher Scientific Inc
2. Illumina Inc.
3. QIAGEN N.V.
4. Agilent Technologies Inc
5. Eurofins Scientific
6. BGI
7. GE Healthcare
8. Bio-Rad Laboratories Inc
9. F. Hoffmann-La Roche Ltd
10.Oxford Nanopore Technologies
11.Beijing Genomics Institute
12.Foundation Medicine, Inc
13.23andMe, Inc
14.Pacific Biosciences of california
15.Myriad Genetics, Inc.
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Genomics Market Segmentation:
by Product & Service
Consumables
Systems and software
Services
Consumables are still being used in the genomic system and are being used in more and more genomic tests worldwide. This is among the elements influencing the market. The segment's revenue is produced by the major players' use of reagent and nucleic acid. With the debut of a product intended to make whole genome sequencing accessible and inexpensive for labs of all sizes in June 2021, Illumina Inc. announced the NovaSeqTM 6000 reagent kit in August 2021. The category is growing because of the introduction of the Magbind viral RNA Xpress kit by Omega Bio-Tek Inc., which allows for the fast and accurate isolation of viral RNA from swab samples.
by Technology
Sequencing
Microarray
PCR
Nucleic Acid Extraction and Purification
Others
Sequencing, Microarray, PCR, Nucleic Acid Extraction and Purification, and Others are the subsegments of the market. In 2023, the genomics market's greatest share belonged to the PCR category. Growing genomics research, technological advancements, and the decreasing cost of PCR-amplification of DNA are the main drivers of the genomics market's expansion. The two main reasons propelling the market are the technical investment and the PCR-based expansion of DNA. In 2023, the second segment will have the biggest share. The benefits include fast speed, scalability, and ultra-high throughput.
by Test Type
Diagnostic Test
Genetic Test
Newborn Screening
Pre-implantation Testing
Prenatal Testing
Carrier Testing
by Application Diagnostic
Drug Discovery
Precision Medicine
Others
The market is divided into four smaller segments: precision medicine, drug discovery, diagnostics, and others. Within the genomics market, the largest and fastest-growing application segment is diagnostics. This market is expected to grow as a result of growing research into genetic abnormalities and diseases including cancer, as well as falling sequencing costs. Thanks to lower sequencing costs and greater research on genetic abnormalities and diseases like cancer, the drug discovery segment currently maintains the second position in the industry.
by Method
Molecular Test
Chromosomal Test
Biochemical Test
by End User
Research Centers
Hospitals and Clinics
Pharmaceutical Companies
Genomics Market Regional Insights:
Geographically, the report is segmented into several key countries, with Genomics market size, growth rate, import and export of Genomics market in these countries, which cover North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.
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Key Questions answered in the Genomics Market Report are:
1.How has the Genomics Market performed so far and how will it perform in the coming years?
2.What is the market segmentation of the global Genomics Market ?
3.What is the regional breakup of the global Genomics Market ?
4.What are the price trends of various feedstocks in the Genomics Market industry?
5.What is the structure of the Genomics Market industry and who are the key players?
6.What are the various unit operations involved in a Genomics Market processing plant?
7.What is the total size of land required for setting up a Genomics Market processing plant?
8.What is the layout of a Genomics Market processing plant?
9.What are the machinery requirements for setting up a Genomics Market processing plant?
10.What are the raw material requirements for setting up a Genomics Market processing plant?
11.What are the packaging requirements for setting up a Genomics Market processing plant?
12.What are the transportation requirements for setting up a Genomics Market processing plant?
13.What are the utility requirements for setting up a Genomics Market processing plant?
14.What are the human resource requirements for setting up a Genomics Market processing plant?
15.What are the infrastructure costs for setting up a Genomics Market processing plant?
16.What are the capital costs for setting up a Genomics Market processing plant?
17.What are the operating costs for setting up a Genomics Market processing plant?
18.What should be the pricing mechanism of the final product?
19.What will be the income and expenditures for a Genomics Market processing plant?
20.What is the time required to break even?
21.What are the profit projections for setting up a Genomics Market processing plant?
22.What are the key success and risk factors in the Genomics Market industry?
23.What are the key regulatory procedures and requirements for setting up a Genomics Market processing plant?
24.What are the key certifications required for setting up a Genomics Market processing plant?
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size Forecast by Revenue | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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