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.

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.

About Us:

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.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Dry Eye Syndrome Market Report and Forecast 2020-2025


China Diabetes Market Report and Forecast 2020-2025


Indian Diabetes Market Report and Forecast 2020-2025


Canada Diabetes Market Report and Forecast 2020-2025



NEWSLETTER