Jun 08, 2020 (SUPER MARKET RESEARCH via COMTEX) -- According to IMARC Group's latest report, titled "Genomics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,". Looking forward, IMARC Group expects the market the global genomics market to continue its strong growth during the next five years.
Genomics refers to the study of structure, function, and inheritance of the genetic material present in the deoxyribonucleic acid (DNA) of an organism. It identifies the effect of a combined intrarelationship of genes on the overall growth and development of the organism. Genomics includes various consumables, software, and services for diagnostics, drug discovery, precision medicine development, and agricultural research. It aids in the production of targeted and personalized medicines, along with enabling newborn genetic screening programs and military genomics. Few technologies used in genomics are microarray, sequencing, polymerase chain reaction (PCR), nucleic acid extraction and purification, and single-cell genomics analysis.
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The growth in non-invasive cancer screening-based research, along with the high prevalence of chronic diseases has augmented the demand for personalized medicines, involving genomics. Additionally, the integration of clinical workflows with genomic data has further catalyzed the market growth. Moreover, the propelling demand for genetically modified plants and organisms in the agriculture industry is also catalyzing the market growth. Rising technological advancements have led to the development of genomics-based apps and tests, thereby inducing the demand for genomics. Robust research and development (R&D) in the bioinformatics sector, coupled with the growing demand for next-generation sequencing services, is further anticipated to bolster the genomics market.
Genomics Market 2020-2025 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
? 23andMe Inc.
? Agilent Technologies Inc. /zigman2/quotes/207081878/composite A -0.70%
? Bayer Aktiengesellschaft (etr:BAYN)
? BGI Genomics Co. Ltd. (she:300676)
? Bio-RAD Laboratories Inc. /zigman2/quotes/207953537/composite BIO -1.94%
? Danaher Corporation /zigman2/quotes/210555154/composite DHR -0.93%
? Illumina Inc. /zigman2/quotes/203509482/composite ILMN -3.29%
? Oxford Nanopore Technologies
? PerkinElmer Inc. /zigman2/quotes/203769792/composite PKI -0.75%
? Myriad Genetics Inc. /zigman2/quotes/208126816/composite MYGN +1.39%
? Roche Holding AG (swx:RO)
? Thermo Fisher Scientific Inc. /zigman2/quotes/201150432/composite TMO -0.96%
The report has segmented the market on the basis of component, application, technology, end-user and region.
Breakup by Component:
o Instruments and Software
o Consumables and Reagents
o Core Genomics Services
o NGS-Based Services
o Biomarker Translation Services
o Computational Services
Breakup by Application:
? Functional Genomics
? Biomarkers Discovery
? Pathway Analysis
Breakup by Technology:
? Polymerase Chain Reaction
? Nucleic Acid Extraction and Purification
Breakup by End-User:
? Research Centers
? Hospitals and Clinics
? Pharmaceutical and Biotechnology Companies
Explore full report with table of contents: https://www.imarcgroup.com/genomics-market
Breakup by Region:
? North America
o United States
? Asia Pacific
o South Korea
o United Kingdom
? Latin America
? Middle East and Africa
Key highlights of the report:
? Market Performance (2014-2019)
? Market Outlook (2020- 2025)
? Porter's Five Forces Analysis
? Market Drivers and Success Factors
? SWOT Analysis
? Value Chain
? Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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