The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s genomics market report forecasts the genomics market size to grow to $76.28 Billion by 2027, with a CAGR (compound annual growth rate) of more than 18%.

Learn More On The Genomics Market Report 2023 – https://www.thebusinessresearchcompany.com/report/genomics-global-market-report

Genomics Market Size Forecast
The global genomics market is expected to grow from $32.56 billion in 2022 to $38.45 billion in 2023 at a compound annual growth rate (CAGR) of 18.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The genomics market is expected to grow from $76.28 billion in 2027 at a CAGR of 18.7%.

North America held the largest genomics market share.

Key Genomics Market Driver ­– Rise In Government Funds For Research On Genomics
For instance, in April 2021, US government announced an investment of $1.7 billion for improving the detection, monitoring, and reduction of SARS-CoV-2 variants and to improve infrastructure for further genomic sequencing. The funds were announced through the American Rescue Plan. The funding would be distributed through three separate initiatives at different times.

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Key Genomics Market Trend – Launching New Product
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. For instance, in June 2021, QIAGEN, a Netherlands-based provider of sample and assay technologies for molecular diagnostics, applied testing, academic, and pharmaceutical research, has announced the release of the QIAprep& CRISPR Kit and CRISPR Q-Primer Solutions, which enable researchers to analyse edited genetic material with unprecedented speed and efficiency to determine how their interventions have changed the function of the DNA sequence in question.

Genomics Market Segment
1) By Product Type: Instrument (Including Systems, Service Contract And Software), Reagents (Including Reagents And Consumables)
2) By Process: Cell Isolation, Sample Preparation, Genomic Analysis
3) By End User: Academic Institutes, Biopharmaceutical Companies, Clinical Research Institutes

Genomics Market Major Players and Strategies
Major players in the genomics market are 10X Genomics, Qiagen NV, Fluidigm Corporation, Johnson & Johnson Private Limited, Zephyrus Biosciences Inc., Illumina Inc., Affymetrix, Angle PLC., Denovo Sciences Inc., Diagnologix LLC., DNA Electronics Ltd., Enumeral, Epic Sciences, Kellbenx Inc., Resolution Bio Science Inc., Wafergen Bio-systems Inc., Yikon Genomics Co. Ltd., Thermo Fisher Scientific Inc., CellBio, Beckman Coulter, Becton Dickinson, Bio-Rad, Carl Zeiss Microscopy, Cell Microsystems, Cellsee Diagnostics, CellSorter, Cytena, CytoTrack, Dolomite Bio, Agilent Technologies Inc., and Fluxion Biosciences.

In November 2021, Myriad Genetics, an American genetic testing company, acquired Gateway Genomics, for $67.5 million. The acquisition is an effort by Myriad towards their goal of bringing relevant genetic information to consumers to add value to their lives. Gateway Genomics is an American personal genomics company and manufacturer of the SneakPeek® early gender DNA test for detecting a baby’s gender.

The Genomics Global Market Report 2023 covers regional data on genomics market size, genomics market trends and drivers, opportunities, strategies, and genomics market competitor analysis. The countries covered in the genomics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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 phenomena such as pleiotropy, epistasis, heterosis, and other interactions between loci and alleles within the genome.

View More Reports Related To The Genomics Market –
Metabolomics Global Market Report 2023
Microbiome Global Market Report 2023
Bioinformatics Global Market Report 2023

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