Genomics Market Uncharted Territory: Size, Share, Revenue, and Worth Statistics Overview | 2024-2030
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 Genomics Market research report provides an in-depth analysis that is required to make informed industry decisions and develop strategic growth plans. Regardless of the production method or cost structures, the Genomics market report provides a full understanding of advanced tactics and plans. The report provides a detailed analysis of the dynamics influencing the market with key players in the Genomics industry.
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Genomics Market Report Scope and Research Methodology:
The main objective of the report is to provide an analysis of the market’s growth rate, market size and valuation. Global Genomics market research is a complete investigation of the variables that influence global demand, growth, opportunities, challenges, and restrictions. The Genomics market report provides the competitive landscape of key companies in the global market, as well as their revenue and business strategies. It thoroughly analyzes the composition and outlook for both international and local Genomics markets. For each of the regions and countries, the report is separated into qualitative and quantitative industrial features. The full research of the Genomics Market by region includes a graphical overview and a diagrammatic breakdown.
Genomics Market Segmentation:
by Product & Service
Consumables
Systems and software
Services
The market is divided into three submarkets: services, systems and software, and consumables. As of 2023, consumables will have the largest market share, at xx%. 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.
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. 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. Sequencing technology has several uses, including agriculture and animal breeding, and is connected with benefits including high 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
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Genomics Market Key Players include:
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 Regional Analysis:
The Genomics market report consists of an analysis of all the regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The market's primary geographic condition, as well as segments and sub-segments, are examined in the Genomics Industry Research. The current state of the regional market is provided in the report in terms of market size, share, and volume.
Key questions answered in the Genomics Market are:
- What is Genomics Market?
- What are the global trends in the Genomics Market?
- What are the major challenges that the Genomics Market could face in the future?
- How is the intervention from regulatory authority is shaping the Genomics Market?
- What growth strategies are the players considering to increase their presence in Automotive Relay Market?
- Who held the largest market share in Genomics Market?
Key Offerings:
- 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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