According to SPER Market Research, the Genomics Market Size has prompted the urgent need to reduce medical costs. For improved safety, better treatment efficiency, and lower healthcare costs, personalized medicine is becoming more and more popular.
The study of an organism’s genetic makeup, interactions between genes, and relationship to its environment are known as genomics. This work aids in the discovery of gene expression that can be used to create individualized medicines.
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Market Overview (2022-2030):
| Forecast CAGR (2022-2030): | 18.6% |
| Forecast Market Size (2030): | 124.99 Billion |
The use of genomics can aid in disease diagnosis and the development of treatment plans. With the introduction of genes into the patient’s cell, it has the potential to replace conventional medications and operations. In addition to improving patient care, this will lower healthcare expenses. Because genetic research has the potential to completely transform specialized and personalized medicine, funding for these studies has been rising.
Impact of COVID-19 on the Genomics Market:
The healthcare business has been greatly touched by COVID-19 and has seen several improvements and modifications. In order to speed up the discovery and development of vaccines, pharmaceutical corporations and governmental organizations have accelerated research operations and increased funding. The transmission of the virus in humans and its effects on the human genome can be determined with the use of SARS-CoV-2 genome sequencing. Effective treatment strategies can be created using the data acquired using this strategy.
Global Genomics Market Insights, Size and Growth Forecast To 2030
Industry Definition and Major Segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
Genomics Market by Product & Service:
- Systems & Software
- Consumables
- Services
Genomics Market by Technology:
- Sequencing
- PCR
- Nucleic Acid Extraction and Purification
- Microarray
- Other Technologies
Genomics Market by application:
- Drug Discovery and Development
- Diagnostics
- Agriculture and Animal Research
- Other Applications
Genomics Market by End User:
- Hospitals & Clinics
- Research Centers and Academic & Government Institutes
- Pharmaceutical & Biotechnology Companies
- Other
Genomics Market by Region:
- North America
- Europe
- Asia-Pacific
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Key Market Players:
The global genomics market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as Agilent Technologies, Inc., BGI, Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd., Illumina, Inc., QIAGEN N.V., Thermo Fisher Scientific.
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