Overview:

Genomics focuses on study of genomes of organisms. It uses complete set of DNAs and sequencing methods to assemble, analyze, and study the functions and structure of genomes. Genomics is used for functional genomics, epigenetics, pathway analysis, biomarker discovery, among others.

Market Dynamics:

Rising focus on targeted and personalized healthcare and medicine is a key factor driving growth of the target market globally. This factor is expected to further fuel the market growth to a significant extent during the forecast period. In addition, rising focus on genetic testing services is another factor further propel the market growth.  Moreover, increasing government funding for research and development and rising number of genomics projects is another factor expected to drive the growth of the market to a significant extent during the forecast period. However, high cost of equipment is a major factor hampering the growth of the target market.

Key Trends:

Rising collaborations between key pharmaceutical companies and genetic testing companies is a key trend observed in the global market. For instance, in July 2018, GSK collaborated with 23andME. Under the collaboration GSK will utilities the genetic data from 23andME to develop novel medicines.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounted for highest share in terms of revenue in the global genomics Market. The market in Asia Pacific is expected to witness highest growth rate in terms of revenue during the forecast period, owing to rising investment in R&D, and increased focus on personalized medicines. The market in Europe is expected to witness significant growth rate during the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Genomics Market, By Technology:

• Sequencing
• Microarray
• PCR (polymerase chain reaction)
• Nucleic acid extraction and purification
• Other

Global Genomics Market, By Application:

• Diagnostics
• Drug discovery and development
• Precision medicine
• Agriculture and animal research
• Other

Global Genomics Market, By End User:

• Research Centers
• Academic & government institutes
• Hospitals & clinics
• Pharmaceutical & biotechnology companies
• Others

Key Players Covered:

Key players operating in the market includes, Illumina, Inc., Thermo Fisher Scientific, Qiagen, Eurofins Scientific, Agilent Technologies, Oxford Nanopore Technologies, F. Hoffmann-La Roche, Bio-Rad Laboratories, BGI, and Danaher Corporation.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Genomics Market by technology, application, end user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global genomics market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.