Genomics market is anticipated to grow at a significant CAGR of 15.3% during the forecast period. The key factors contributing to the market growth include, the glove governments in several countries are doing and made investments/funding in the field of genomics. For instance, in April 2021, UK Government made an investment of $4.2 billion for genomics projects and data-driven initiatives which are to be delivered through the Genome UK Implementation Plan and the UK Functional Genomics Initiative. This funding is made to transform the UK into a life sciences superpower and is supporting medicines and vaccine development. Thus attributed to such government investments, funding is playing a key impacting factor in the development of new technologies, and that further increases the market growth.
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The global genomics market is segmented based on the deliverable, technology, application, and end-user. On the basis of type, the market is segmented into products and services. Based on the technology, the market is segmented into sequencing, PCR, nucleic acid extraction and purification, microarray, and others. Based on the application, the market is subdivided into drug discovery and development, diagnostics, agriculture and animal research, and others. Based on the end-user, the market is subdivided into hospitals & clinics, academic and research centers, pharmaceutical & biotechnology companies, and others. Among end-user segments pharmaceutical & biotechnology companies segments are estimated to hold a prominent share in the market due to the growing number of genetic research studies, increasing number of drug discoveries, and increasing new players’ entrance into genomics services to meet the increasing demand by the end-user market. For instance, in June 2020, Illumina, Inc., has acquired Bluebee to analyze and interpret the data produced by its sequencing systems. The new capabilities by BlueBee company lower the cost of storing, sharing, and managing the enormous volumes of genomic data for a base of more than 15,000 sequencing systems.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Genomics Market By Deliverable
- Product
- Services
Global Genomics Market By Technology
- Sequencing
- PCR
- Nucleic Acid Extraction and Purification
- Microarray
- Other
Global Genomics Market By Application
- Drug Discovery and Development
- Diagnostics
- Agriculture and Animal Research
- Other
Global Genomics Market By End-User
- Hospitals & Clinics
- Academic and Research Centers
- Pharmaceutical & Biotechnology Companies
- Other (Clinical Research)
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- 23andMe
- Agilent Technologies, Inc.
- BEX CO.,LTD.
- Bio-Rad Laboratories, Inc.
- BGI
- Color Health, Inc.
- DEEP GENOMICS
- DNA and U
- Eppendorf SE
- Hoffmann-La Roche Ltd.
- General Electric Co.
- GenScript Biotech Corp.
- IntegraGen SA
- Intellia Therapeutics, Inc.
- Invitae Corp.Myriad Genetics, Inc.
- Oxford Nanopore Technologies
- Pacific Biosciences,
- Parexel International Corp
- QIAGEN GmbH
- Verge Analytics, Inc.
- VERITAS INTERCONTINENTAL
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global genomics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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