Genomics Market segment, Size, Share, Growth, Demand, Emerging Trends and Forecast by 2030

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Data Bridge Market Research analyses that the genomics market which was USD 31.56 billion in 2022, is expected to reach USD 106.14 billion by 2030, growing at a CAGR of 16.37% during the forecast period of 2023 to 2030.

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Data Bridge Market Research analyses that the genomics market which was USD 31.56 billion in 2022, is expected to reach USD 106.14 billion by 2030, growing at a CAGR of 16.37% during the forecast period of 2023 to 2030.

Explore Further Details about This Research Genomics Market Report https://www.databridgemarketresearch.com/reports/global-genomics-market

Genomics Market Scope and Segmentation

REPORT METRIC

DETAILS

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Deliverables (Product, Software and Services), Technology (Sequencing, Microarray,  Polymerase Chain Reaction (PCR), Nucleic Acid Extraction, Purification, Others ), Process ( Library Preparation, Data Analysis), Application (Epigenomics, Functional, Biomarker Discovery, Pathway Analysis, Diagnostics, Drug Discovery, Development, Precision Medicine, Agriculture, Animal Research, Others), End-User (Government and Academic Institutes, Clinical Research, Healthcare Facilities, Biotechnology and Pharmaceutical Companies, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Agilent Technologies, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), BGI (China), Color Health, Inc. (U.S.), Danaher  (U.S.), Eppendorf SE (Germany), Eurofins Scientific (Luxembourg), F. Hoffmann-La Roche Ltd. (Switzerland), GE Healthcare (U.S.), Illumina, Inc. (U.S.), Myriad Genetics, Inc. (U.S.), Oxford Nanopore Technologies plc. (U.K.), PacBio (U.S.), QIAGEN (Germany), Quest Diagnostics Incorporated (U.S.), Thermo Fisher Scientific, Inc. (U.S.), 23andMe, Inc. (U.S.), FOUNDATION MEDICINE, INC. (U.S.), IntegraGen (France), Genome Diagnostics Pvt. Ltd. (India), Cytiva (U.S.).

Market Opportunities

  • Research and development on genomics.
  • Applications of genomics in rare disorder diagnosis.

Market Definition

Genomics is the study of deciphering, interpreting, applying, and interpreting DNA code to various problems. Genomics is one of the most helpful technologies in today’s world. Genomics is significant for genome sequencing as different generic variants can be identified through genomics which can be riskier for asymptomatic people for disease development. Genomics helps identify different undiscovered antimicrobial compounds and for keeping bacterial diseases away.

Genomics Market Dynamics

Drivers

  • Growing incidence of cancer

The incidence of cancer and the increasing applications of next-generation sequencing in cancer research is a significant factors helping in the market's growth. Genomics is modifying the way cancer is diagnosed and treated. Genome research is improving the methods of diagnosing cancer using a blood sample. Screening tests to find cancer that are inherited are increasing due to genomics.  Therefore, the growing incidents of cancer and the successful use of genomics for diagnosing and treating cancer are boosting the market's growth.

  • Implementation of artificial intelligence

Artificial intelligence (AI) implementation in genomics has increased in the past few years. The data generated through sequencing technologies are analysed by artificial intelligence algorithms, enabling quick and precise diagnosis of genetic variations responsible for a particular disease. Artificial intelligence is also used to develop personalized patient treatment plans. This helps doctors prescribe the most beneficial treatment for the patient. Thus, the use of artificial intelligence provides accurate results, therefore, AI is becoming a major opportunity for the market’s growth.  

Opportunities

  • Research and development on genomics

The growing focus on genomics research and developments is contributing to the growth of the genomics market. In July 2022, WHO's Science Council of Experts was launched for the equitable expansion of genomics. It includes a focus on increasing access to genomic technologies, majorly in countries with low and middle incomes, by directing the shortfalls in the financing, materials, highly trained professionals, and laboratory infrastructure. Therefore, all these initiatives are expected to help in the significant growth of the market.

  • Applications of genomics in rare disorder diagnosis

Through large-scale genetic testing, it is possible to increase diagnosis and treatment options for patients with rare diseases. The ability to understand genomes quickly and inexpensively has led to advances in the diagnosis of rare disorders. This increased diagnosis and treatment provide significant relief to patients suffering from rare disorders, as well as help the patients to understand the risk of disorder to future generations. Thus, applications of genomics in diagnosing and treating rare disorders would help grow the market.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Genomics Market Report

Part 03: Research Methodology

Part 04: Genomics Market Landscape

Part 05: Pipeline Analysis

Part 06: Genomics Market Sizing

Part 07: Five Forces Analysis

Part 08: Genomics Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Genomics Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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