Genomic Market Report: Trends, Forecast and Competitive Analysis


Posted December 24, 2019 by shubhamverma

Trends, opportunities and forecast in the global genomic market to 2024 by product and services , technology, application, end user and region.

 
According to a new market report published by Lucintel, the future of the genomic market looks promising with opportunities in the research centers, academic and government institutes, hospitals and clinics, and pharmaceutical and biotechnology companies. The genomic market is expected to grow with a CAGR of 10% from 2019 to 2024. The major drivers for this market are increasing government funding and growth in the number of genomic projects, decreasing sequencing costs, growing application areas of genomic, and entry of new players and start-ups in the genomic market.
In this market, instruments/systems, consumables, and services are the major product and services segment of genomic. On the basis of comprehensive research, consumables will remain the largest segment. Services is expected to witness highest growth over the forecast period due to growing number of genomic services start-up.
With in the genomics market, diagnostics, drug discovery and development, precision medicine, and agriculture and animal research are the major applications. Diagnostics will remain the largest market and it is also expected to witness the highest growth in the forecast period.
North America will remain the largest market over the forecast period due to increasing research funding and government initiatives in genomic.
Illumina, Agilent Technologies, Thermo Fisher Scientific, Eurofins Scientific, Qiagen, GE Healthcare, F. Hoffmann-La Roche, Oxford Nanopore Technologies, Bio-Rad Laboratories, BGI, Eppendorf, Pacific Biosciences, and Danaher are among the major manufacturers of genomic market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the genomic market by product and services, technology, application, end user, and region. Lucintel has prepared a comprehensive research report entitled "Genomic Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the genomic market by product and services, technology, application, end user, and region as follows:
By Product and Services [$M shipment analysis for 2013 – 2024]:
• Instruments/Systems
• Consumables
• Services
By Technology [$M shipment analysis for 2013 – 2024]:
• Sequencing
• Microarray
• PCR (Polymerase Chain Reaction)
• Nucleic Acid Extraction and Purification
• Library Preparation
• Data Analysis
• Other Technologies
By Application [$M shipment analysis for 2013 – 2024]:
• Diagnostics
• Drug Discovery and Development
• Precision Medicine
• Agriculture and Animal Research
• Other applications
By End User [$M shipment analysis for 2013 – 2024]:
• Research Centers, Academic and Government Institutes
• Hospitals and Clinics
• Pharmaceutical and Biotechnology Companies
• Other End User
By Region [$M shipment analysis for 2013 – 2024]:
• North America
o United States
o Canada
o Mexico
• Europe
o United kingdom
o Germany
o France
o Italy
o Spain
• Asia-Pacific
o China
o India
o Japan
• Rest of the World (ROW)
o Brazil

This research report of more than 150 pages will enable you to make confident
business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1. What are some of the most promising potential, high-growth opportunities for the genomic market by product and services (instruments/systems, consumables, and services), technology (sequencing, microarray, PCR (polymerase chain reaction), nucleic acid extraction and purification, library preparation, data analysis, and other ), application (diagnostics, drug discovery and development, precision medicine, agriculture and animal research and others), end user (research centers, academic and government institutes, hospitals and clinics, pharmaceutical and biotechnology companies and others), and region (North America, Europe, Asia-Pacific, Rest of the World(ROW))?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which regions will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the genomic market?
Q.5. What are the business risks and threats to the genomic market?
Q.6. What are emerging trends in this genomic market and the reasons behind them?
Q.7. What are some changing demands of customers in the genomic market?
Q.8. What are the new developments in the genomic market? Which companies are leading these developments?
Q.9. Who are the major players in this genomic market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products and processes in this genomic area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M & A activities have taken place in the last 5 years in this genomic market?
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Last Updated December 24, 2019