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Press Release
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
According to a new report by EMR titled, ‘Global Genomics Market Report and Forecast 2021-2026’, the global genomics market size reached a value of around USD 16.21 billion in 2020. The market is likely to increase at a CAGR of 9.3% in the forecast period 2021-2026.
The global genomics market was led by North America in 2020. North America is leading the market due to the increased funding for research and government genomics initiatives. On the other hand, the Asia Pacific region is expected to report the highest CAGR during the forecast period. China hosts the Beijing Genomics Institute, the world's largest genomics research institution, which helps the Asia Pacific genomics market sustain its growth.
In February 2021, Illumina, Inc. (NASDAQ: ILMN), one of the key players in the industry, announced its partnership with the University of Melbourne to combat challenging cancers. The collaboration focuses on scientific research and innovation focused on genomics, helping in the identification and treatment of diseases like cancer. Illumina will have its Australian headquarters in the Melbourne Biomedical Precinct with the University. The program addresses the most complex cases of cancer, like rare or aggressive tumours, which are resistant to normal or typically difficult to diagnose.
Market Analysis by Product, Technology, Application, End Use, and Region:
Key Findings of the Report:
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The major key players in the global genomics market include companies like Illumina, Inc, Qiagen, Eurofins Scientific, Agilent Technologies, Inc., Oxford Nanopore Technologies, F. Hoffmann-La Roche, Bio-Rad Laboratories, Inc., and BGI Group, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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