Genomics Market

Genomics is defined as the study of the structure, function, and inheritance of the genetic material exist in the deoxyribonucleic acid (DNA) of an organism. It addresses the intrarelationship of all genes to discover their combined impact on the overall growth and development. It includes several consumables, systems, software and services for diagnostics, drug discovery, development of precision medicine and agricultural research. Few of the technologies used for genomics are microarray, polymerase chain reaction (PCR), sequencing, nucleic acid extraction and purification and single-cell genomics analysis. The key factors accounted for the growth of the genomics market are rising government support and surged number of genomics studies, reducing sequencing cost, increased genomics applications. The genomics market is geared to rapid growth as a result of the vital genetic developments and also because of its applications in numerous areas of study, such as intragenomic phenomena, which include heterosis, epistasis, pleiotropy, and other associations within the genome between alleles and loci. Moreover, there are some more factors which are playing prominent roles in taking the genomics market to the next level; among them, one is on-bioengineering and synthetic biology applications, which are anticipated to further accelerate the growth of the genomics market. In Addition, the governments in several countries are investigating in research and developments in the area of genomics for development of new technologies. For examle, in January 2020, the Department of Biotechnology (DBT) commenced the “Genome India Project” (GIP) in India. In this project, 10,000 genetic samples of Indian citizen will be accumulated to build a reference genome. This project is intended to the precision health, mutation spectrum of genetic and complex diseases, genetic epidemiology of multifactorial lifestyle diseases, rare genetic disorders, and translational research. Such initiatives are projected to increase the usage of genomics products, which will propel the overall market growth. Moreover, the factors which are restraining the market are high price of genomics equipment and lack of trained workforce.

Furthermore, the rise in the personalized medicine market is set to provide an array of opportunities for players in the genomics market. Several pharmaceutical companies are highly investing in personalized medicine research. Personalized medicine allows medical practitioners to identify the precise requirements of a patient and then prescribe medicines and treatments accordingly. This approach assures better care outcomes. In addition to this, it is anticipated that advancements in the field of gene therapy have the potential to replace conventional drugs and surgeries by allowing doctors to treat a disorder by inserting a gene into a patient’s cell.

The global Genomics Market is segregated on the basis of Product and Service as Systems & Software, Consumables and Services. Based on Technology the global Genomics Market is segmented in Sequencing, Microarray and PCR. Based on Application the global Genomics Market is segmented in Diagnostic Application and Precision Medicine.

The global Genomics Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Genomics Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Thermo Fisher Scientific, Inc., Agilent Technologies, Beijing Genomics Institute (BGI), Bio-Rad Laboratories, Danaher Corporation and others are among the major players in the global Genomics Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In 2021, Illumina (US) partnered with Helix OpCo (US) to enhance the national surveillance infrastructure in the US so as to track the emergence and incidence of new strains of SARS-CoV-2 with support from the CDC. Illumina’s sequencing technology and expertise and Helix’s national COVID-19 testing footprint will majorly expand the country’s current surveillance efforts to identify and characterize emerging variants of SARS-CoV-2.
• In 2020, BGI (China) extended its DNA sequencing and laboratory automation products available in Latin America by signing contracts with top distributors in Brazil, Argentina, Ecuador, Peru, Colombia, and Mexico.

The global Genomics Market has been segmented as below:

Genomics Market, By Product And Service

• Systems & Software
• Consumables
• Services

Genomics Market, By Technology

• Sequencing
• Microarray
• PCR

Genomics Market, By Application

• Diagnostic Application
• Precision Medicine

Genomics Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Genomics Market, By Company

• Thermo Fisher Scientific, Inc.
• Agilent Technologies
• Beijing Genomics Institute (BGI)
• Bio-Rad Laboratories
• Danaher Corporation
• F. Hoffmann-La Roche Ltd.
• GE Healthcare
• Illumina, Inc.
• Oxford Nanopore Technologies
• Pacific Biosciences of California, Inc.
• QIAGEN N.V.
• Quest diagnostics
• Myriad Genetics, Inc.
• Eppendorf AG
• Eurofins Scientific
• Color
• 23andMe, Inc.

The report covers the below scope:

• Global Genomics Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Genomics Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Genomics Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Genomics Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Genomics Market share. Major industry players with significant revenue share include Thermo Fisher Scientific, Inc., Agilent Technologies, Beijing Genomics Institute (BGI), Bio-Rad Laboratories, Danaher Corporation and others.

Why to Buy this Report:

• Gain detailed insights on the Genomics industry trends
• Find complete analysis on the market status
• Identify the Genomics Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Genomics Market, By Product And Service

5.1.      Key Points

5.2.  Systems & Software

5.3.  Consumables

5.4.  Services

6.    Genomics Market, By Technology

6.1.      Key Points

6.2. Sequencing

6.3. Microarray

6.4. PCR

7.     Genomics Market, By Application

7.1.      Key Points

7.2.  Diagnostic Application

7.3.  Precision Medicine

8.    Competitive Landscape

8.1.      Introduction

8.2.     Start-up companies- Genomics Market

8.3.     Recent Developments

8.3.1.     Mergers & Acquisitions

8.3.2.    New Product Developments

8.3.3.    Portfolio/Production Capacity Expansions

8.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5.    Others

9.    Company Profile

9.1.  Thermo Fisher Scientific, Inc.

9.2. Agilent Technologies

9.3. Beijing Genomics Institute (BGI)

9.4. Bio-Rad Laboratories

9.5.  Danaher Corporation

9.6. F. Hoffmann-La Roche Ltd.

9.7.  GE Healthcare

9.8. Illumina, Inc.

9.9. Oxford Nanopore Technologies

9.10.    Pacific Biosciences of California, Inc.

9.11.      QIAGEN N.V.

9.12.    Quest diagnostics

9.13.     Myriad Genetics, Inc.

9.14.    Eppendorf AG

9.15.     Eurofins Scientific

9.16.    Color

9.17.     23andMe, Inc.