Over the years, genomics has had a significant impact on health care. Medicine and biomedical sciences are undergoing a profound transformation, fueled by the genomics revolution. Genomics is the study of deciphering, interpreting, and applying DNA code to real-world problems. The most transformative technology of the twenty-first century is genomics. Therefore, owing to the rise in government funding to support genomics projects will further aid the market expansion over the forecasted period.
Global genomics market was valued at USD 27.12 billion in 2021 and is expected to reach USD 112.80 billion by 2029, registering a CAGR of 19.5% during the forecast period of 2022-2029.
The "PCR" accounts for the largest technology segment in the genomics market within the forecasted period owing to the lower cost of DNA amplification using PCR, the surge in research in the field of genomics, and other technological advancements. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Global Genomics Market Scope
The genomics market is segmented on the basis of deliverables, technology, process, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Deliverables
Product
Services
On the basis of deliverables, the genomics market is segmented into product and services.
Technology
Sequencing
Microarray
PCR
Nucleic Acid Extraction
Purification
On the basis of technology, the genomics market is segmented into sequencing, microarray, PCR, nucleic acid extraction and purification. PCR will hold the largest market share in the forecasted period owing to the lower cost of DNA amplification using PCR, the surge in research in the field of genomics and other technological advancements in this segment.
Process
Sequencing
Library Preparation
Data Analysis
On the basis of process, the genomics market is segmented into sequencing, library preparation and data analysis.
Application
Epigenomics
Functional
Biomarker Discovery
Pathway Analysis
On the basis of application, the genomics market is segmented into epigenomics, functional, biomarker discovery and pathway analysis. Epigenomics are further segmented into chromatin immunoprecipitation, bisulfite sequencing, methylated DNA immunoprecipitation, chromatin accessibility assays, high-resolution melt and microarray analysis. Functional is further segmented into real-time PCR, transfection, RNA interference, SNP analysis and mutational analysis. Biomarker discovery is further segmented into real-time PCR, mass spectrometry, microarray analysis, bioinformatics, statistical analysis and DNA sequencing. Pathway analysis is further segmented into microarray analysis, bead-based analysis, real-time PCR, proteomics tools and others.
End-User
Government and Academic Institutes
Clinical Research
Biotechnology and Pharmaceutical Companies
Hospitals and Clinics
Others
On the basis of end-user, the genomics market is bifurcated into government and academic institutes, clinical research, biotechnology and pharmaceutical companies, hospitals and clinics and others.
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Genomics Market Regional Analysis/Insights
The global genomics market is analyzed and market size insights and trends are provided by country, deliverables, technology, process, application and end-user as referenced above.
The countries covered in the genomics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the genomics market because of the U.S.'s genomics research grants and funds and support from key industrial players and increasing incidences of cancer within the region.
Competitive Landscape and Genomics Market Share Analysis
The genomics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to genomics market.
Some of the major players operating in the genomics market are Illumina, Inc. (U.S.), Thermo Fisher Scientific (U.S.), QIAGEN (Netherlands), Agilent Technologies, Inc. (U.S.), McKesson Corporation (U.S), R1 RCM Inc., (U.S), HCL Technologies Limited (India), Atos S.E., (France), Allscripts Healthcare, LLC, (U.S), Accenture, (Ireland), Cognizant, (U.S), Siemens, (Germany), F. Hoffmann-La Roche Ltd. (Switzerland), Bio-Rad Laboratories, Inc. (U.S.), and BGI (China) among others.
The main factors behind the growth of the market are:
Increasing government funding: With this field of study still in its early stages, various organizations and authorities are focusing their interests on advancements of their understanding genomes. This interest is translated into high levels of financial expenditure being incurred on research & development so that an enhanced quality of resources to be presented with this field of study
Rising application areas of genomics: One of the major factors responsible for the growth of the market is the increasing areas of application wherein the usage of genomics is being extended. The application area of genomics includes diagnostic process for various disorders, drug discovery for different diseases and the development of these drugs, delivery of precision medication, research fields for agriculture and animal-based. These areas are set to expand, once as greater information regarding this field of study is grasped by various scientific resources and authorities
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