Genomics is defined as the study of a gene and its functioning. Genomics is used to examine the molecular mechanisms and the interaction of genetic and environmental factors in diseases. Genomics primarily encompasses four phenomena or disciplines—genomes, epistasis, heterosis, pleiotropy. The application of genomics is in various fields including medicine, biotechnology, anthropology, and other social sciences. The market scope provides detailed data and growth potential for the genomics market in diagnostics, drug discovery and development, precision/personalized medicine, agriculture & animal research, and others. The market report studies the lucrative areas in the market and aims to understand the ongoing genomics market trends and opportunities.

The application of genomics in research, diagnosis, and treatment has increased significantly in recent years with the genomic data from over 60 million patients expected to be generated within the healthcare industry by 2025, as per estimates by a study in 2017. The “Genomics in healthcare: GA4GH looks to 2022” study discusses the application of genomics in four major categories—infectious diseases, rare diseases, cancer, and common or chronic disease. The funding in the field of genomics stood at US$ 4 billion in 2019. The funding dropped due to the COVID-19 pandemic but is expected to see further growth in the coming years, with various countries looking to invest in genomics and the life science sector.

Key Players Analysis-

Illumina, Inc.
Danaher,
F. HOFFMANN-LA ROCHE LTD.
BIO-RAD LABORATORIES INC.
General Electric Company
Thermo Fisher Scientific Inc.
Agilent Technologies, Inc.
Eurofins Scientific
QIAGEN
BGI

For instance, the UK government, through the Genome UK Implementation Plan and the UK Functional Genomics Initiative, announced funding of US$ 48.80 million for genomics and data projects to support the life sciences sector. As per the initiative, Genomics England projects working on the implementation of the Genome UK strategy will receive US$ 22.41 million, including funds to explore public attitudes and the potential value of newborn sequencing to support next-generation approaches for cancer diagnosis and increasing the data from various ethnicities. The remaining funds will be provided to initiatives to harness UK health data for life sciences research to improve the country’s data-driven clinical research capabilities.

The report analyses these key players in the global Genomics Market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their Industry penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.

Leading Industry players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position are explained to help make a well informed decision. Competitive landscape of Genomics Industry is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.

Market Segments-

Product & Service-Based Insights
The global genomics market, based on product & service, is segmented into instruments/systems, consumables, and services. The consumables segment of the market, based on product and service, held the largest market share in 2019, encompassing almost half of the market genomics share.
Application-Based Insights
Based on application, the genomics market is segmented into diagnostics, drug discovery & development, precision/personalized medicine, agriculture & animal research, and others.

End User-Based Insights
Based on end user, the genomics market is segmented into research centers, hospitals & clinics, pharmaceutical & biotechnology companies, and other end users.

The Genomics Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Genomics market in these regions.

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