Genomics Market: Good Value & Room to Grow Ahead Seen
Advance Market Analytics published a new research publication on "Genomics Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Genomics market was mainly driven by the increasing R&D spending across the world.
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Some of the key players profiled in the study are: Thermo Fisher Scientific, Inc. (United States), Illumina, Inc. (United States), QIAGEN N.V. (Netherlands), Agilent Technologies, Inc. (United States), Eurofins Scientific (Germany), BGI (China), GE Healthcare (United States),? Bio-Rad Laboratories, Inc. (United States), F. Hoffmann-La Roche Ltd. (Switzerland), Oxford Nanopore Technologies (United Kingdom),. Scope of the Report of Genomics Genomics is defined as the branch of molecular biology that includes mapping genes and sequencing the DNA. It includes functional genomics, structural genomics, comparative genomics, pharmacogenomics, and others. The global genomics market is propelled by several key drivers, including advancements in genomic technologies, rising demand for personalized medicine, and increasing research activities in the fields of genetics and biotechnology. Additionally, government initiatives and funding for genomics research, along with growing awareness about the potential benefits of genomic sequencing in disease diagnosis and treatment, further stimulate market growth. However, the market faces restraints such as high costs associated with genomic testing, ethical concerns related to genetic privacy, and the complexity of interpreting vast genomic data. Despite these challenges, opportunities abound in the form of expanding applications of genomics in areas like agriculture, forensics, and drug discovery, as well as the emergence of innovative sequencing technologies and data analysis tools, which are expected to drive the market forward. According to AMA, the market for Genomics is expected to register a CAGR of 14.2% during the forecast period to 2028. This growth is primarily driven by Rising Government Funding and Growth in the Number of Genomics Projects and Decreasing Sequencing Costs and Growing Application Areas of Genomics such as Diagnostic Application and Precision Medicine and Entry of New Players.
Key Developments in the Market: In January 2023, Moderna, Inc., a leading biotechnology firm specializing in messenger RNA (mRNA) therapeutics and vaccines, has recently finalized an agreement to acquire OriCiro Genomics K.K., a trailblazer in cell-free DNA synthesis and amplification technologies. This strategic partnership marks a significant step for Moderna in expanding its capabilities and expertise in the field of genomics.
The titled segments and sub-section of the market are illuminated below: by Application (Diagnostic Application, Precision Medicine), Services (NGS-based Services, Core Genomics Services, Biomarket Translation Services, Computational Services, Others), Technology (Sequencing, Microarray, PCR), Product (Instruments/Systems/Software, Consumables & Reagents), End User (Hospitals, Research Institutes, Others)
Market Trends:
Growing R&D in the field of Genomics, and the Lower Cost of Deoxyribonucleic Acid Amplification using PCR
Opportunities:
Increasing Use of Genomics in Specialized/Personalized Medicine across the World
Market Drivers:
Rising Government Funding and Growth in the Number of Genomics Projects
Decreasing Sequencing Costs and Growing Application Areas of Genomics such as Diagnostic Application and Precision Medicine and Entry of New Players
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Genomics Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Genomics market
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Chapter 2: Exclusive Summary – the basic information of the Genomics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Genomics
Chapter 4: Presenting the Genomics Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Genomics market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2028)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source finally, Genomics Market is a valuable source of guidance for individuals and companies.
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