Healthcare Services

Global Genomics Market Outlook, Opportunities And Strategies

December 9, 2021December 9, 2021 by The Business Research Company

Learn about the global genomics market through The Business Research Company, which provides information on genomics market size, genomics market drivers and restraints, genomics market players, the COVID-19 impact on the genomics market, and more.

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The global genomics market is expected to grow from $0.94 billion in 2020 to $1.07 billion in 2021 at a compound annual growth rate (CAGR) of 13.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The genomics market is expected to reach $1.78 billion in 2025 at a CAGR of 14%.

Rising government funds for research on genomics is expected to drive innovation in genomics manufacturing, thus driving the market during the forecast period.

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The genomics market consists of sales of single-cell genomics and related goods. The study of genomes is called genomics. Single-cell genomics is an innovative method of classifying individual cells from a tissue sample, capable of defining unique traits and identifying rare cell types. Genomics is used in different fields of study such as intragenomic phenomenon including pleiotropy, epistasis, heterosis, and other interactions between loci and alleles within the genome.

Global genomics market segments include:

By Product Type: Instrument (Including Systems, Service Contract And Software), Reagents (Including Reagents And Consumables)

By Process: Cell Isolation, Sample Preparation, Genomic Analysis

By End User: Academic Institutes, Biopharmaceutical Companies, Clinical Research Institutes

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Companies are investing in new product launches to increase their revenue and expand their consumer base and also for gaining a competitive edge over their rivals.

TBRC’s genomics market report covers:

Major Market Players: 10X Genomics, Qiagen NV, Fluidigm Corporation, Johnson & Johnson Private Limited, Zephyrus Biosciences Inc., Illumina, Inc., Affymetrix, Angle PLC, Denovo Sciences Inc. and Diagnologix LLC.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Genomics Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides genomics market overviews, analyzes and forecasts market size, share, genomics market players, genomics market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s genomics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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