Global Genomics Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Genomics is a process and is completely computer-aided technology. It involves the study of genes at a molecular level, and in the determination of complete DNA sequences and perform genetic mapping to understand the disease. Global genomics market value was valued at $14.71 Billion in 2017 and is expected to generate revenue of around $29.03 Billion by the end of 2024, growing at a CAGR of around 10.2% between 2017 and 2024. Growing application areas of genomics and rising government funding and growth in the number of genomics projects are the factors enhancing the growth of the market. The high cost of equipment used in genomics and dearth of trained professionals are the factors which hamper the market growth.  Use of genomics in specialised/ personalised medicine and emerging economies which offer significant growth are the opportunities for genomics market.

Research Study Objectives:

• Define, estimate, and forecast the Genomics market statistics by product and service, technology, process, application, end user and regions concerning the individual growth drivers, market trends and their contribution toward the Genomics market growth
• Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
• Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
• Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Genomics Market Analysis
• Analysis and conclusions on the future Genomics market outlook.

Top-down and bottom-up approaches are used to validate the Genomics Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Genomics Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Genomics market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.

The scope of the Report

The Genomics market segmentation is as follows:

By Product and Service

• Instruments
• Consumables
• Services

 By Technology

• Sequencing
• Microarray
• PCR
• Nucleic acid extraction and purification
• Other technologies

By Process

• Sequencing
• Library preparation
• Data analysis

By Application

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

By End User

• Research centres
• Academic & government institutes
• Hospitals and clinics
• Pharmaceutical & biotechnology companies
• Other end users

Geographical Analysis:

Genomics market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.

Customization Options:

With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Genomics Market include:

• Scope Revision
• Geographic Analysis
• Company Profiles
• Historical Data & Forecasting
• Key Contact Persons in companies

Global Genomics Market Research Report Includes:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
• Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact on altering market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the significant Genomics market players, such as
  • Thermo Fisher Scientific, Inc.
  • Agilent Technologies Inc.
  • Bio-Rad Laboratories.
  • Illumina, Inc.
  • Bayer Healthcare LLC.
• Along with these companies, many other companies are considered in the report while analysing the Global Genomics market competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.