Press Release

Global Genomics Market is Expected to Grow at a CAGR of 9.3% in the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘Global Genomics Market Report and Forecast 2020-2025’, the global genomics market size reached a value of around USD 16.21 billion in 2019. The market is likely to increase at a CAGR of 9.3% in the forecast period 2020-2025.

The global genomics market was led by North America in 2019. 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 2020, 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:

  • The products in the genomics market can be divided into consumables, systems and software, and services.
  • The technology available in the industry is segmented into PCR, sequencing, microarray, nucleic acid extraction and purification, and others.
  • It finds application in diagnostics, drug discovery and development, precision medicine, and agriculture and animal research, among others.
  • The end-uses of the industry include research centres and academic and government institutes, hospitals and clinics, pharmaceutical and biotechnology companies, and others.
  • The regional markets of genomics include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global genomics market is being driven by the rising application of the technology in various genetic research in health programs.
  • The rising support by the governments and financing departments in the form of investments is boosting the market growth.
  • The growth in the genomics industry is majorly supported by the growth of the genomic data market.
  • The increased application of genomics in pharmaceutical industries, as well as research programs, is propelling the market growth.
  • The entry of new key players is propelling the market development further.

Key Offerings of the Report:

  • The EMR report gives an overview of the global genomics industry for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the product, technology, application, end-use, and regional markets of genomics.
  • The EMR report also provides an insight into the regional price analysis of the global genomics market for the (2015-2019) and (2020-2025) periods.
  • It assesses the market based on the SWOT and Porter’s Five Forces models.

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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EMR is a leading business intelligence company, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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