Genomics Market Size to grow by USD 14.51 billion | Market Research highlights Key Market Drivers, Trends, and Vendor Solutions

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Seller Insights

The global genomics market is segmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

The increasing competition in the market is forcing local sellers to adopt various growth strategies such as adopting competitive pricing and low cost customization options to improve the outreach of their services. Most emerging genomics solution providers focus more on developing innovative solutions by entering into partnership agreements with government organizations and end users.

The report analyzes the competitive landscape of the market and provides information on several market vendors, including:

  • Abcam Plc
  • Agilent Technologies Inc.
  • Becton Dickinson Share.
  • BGI Genomics Co. Ltd.
  • Bio-Rad Laboratories Company
  • Danaher Corporation.
  • Eppendorf AG
  • Eurofins Scientific SE
  • F. Hoffmann-La Roche Ltd.
  • 10X Genomics Inc

Find out more highlights about vendor growth strategies and their product offerings, Read a free sample report.

Geographical market analysis

North America It will provide maximum growth opportunities in the genomics market during the forecast period. According to our research report, the region will contribute 38% of the global market growth and is expected to dominate the market until 2025. North America will achieve growth across all years of the forecast period between 2020 and 2025. – The annual growth rate during this period will be between 9.45% and 10.97%.

The United States is the main market for genomics in North America. As vendors in this region are constantly focused on developing and using innovative technologies in oncology. Moreover, vendors are particularly focused on increasing their product penetration among companies such as biopharmaceuticals and research institutes involved in cancer-based translation research.

On the other side, Europe It stands out as the second largest dominant region in the global genome market. The growing number of sequencing projects and the growing demand for genome databases in therapeutic developments mainly in countries such as the United Kingdom, Germany, And France.

Major Sector Analysis

The growth of global genome market share by product segment will be significant during the forecast period. Use of products such as tools and consumables in genomic research and testing. Furthermore, the increasing focus of vendors on offering advanced products with a variety of features leads to reduced hands-on time, higher accuracy, and fewer errors. This segment is expected to occupy the largest share of the genomics market during the forecast period.

Learn more about the geographical distribution of this market along with detailed analysis of the top regions. https://www.technavio.com/report/genomics-market-industry-analysis

Market Drivers and Key Challenges:

Increased investment in genomic research and development is one of the major factors driving the growth of global genomics market share during the forecast period. The implementation of advanced techniques in genetics often attracts investments in genomics. These investments are helping global genomics institutes and organizations develop customized drugs and treatments to treat incurable diseases and validate treatments.

Various regulations in genomic research and testing are a major challenge for the growth of genomics market share. Most of the genomics market vendors operate globally, so compliance with various regulatory standards mainly affects genomics market vendors. Moreover, sellers trade in highly censored products such as diagnostics, research and drug discovery which also expose their products to strict compliance.

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Genome market scope

Report coverage

details

page number

120

base year

2020

prediction period

2021-2025

Growth Momentum and CAGR

Accelerate at a compound annual growth rate of 10.36%

Market Growth 2021-2025

$14.51 billion

Market Structure, Market Structure

fragmented

Annual Growth (%)

9.71

Regional Analysis

North America, Europe, Asia, ROW

Market share performance

North America with 38%

Main consuming countries

United States, United Kingdom, Germany, France and China

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

10x Genomics Inc. and Abcam Plc and Agilent Technologies Inc. and Becton Dickinson and Co. and BGI Genomics Co. Ltd. and Bio Rad Laboratories Inc. and Danaher Corp. and Eppendorf AG, Eurofins Scientific SE, and F. Hoffmann-La Roche Ltd..

market dynamics

Key market analysis, market growth triggers and obstacles, Analysis of fast-growing and slow-growing segments, Impact of COVID-19 and future consumer dynamics, Market status analysis for the forecast period,

field of personalization

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about us:
Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .

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