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The global genomics market was valued at US$ 25.11 Billion in 2021.
We expect the global genomics market to exhibit a CAGR of 15.54% during 2022-2027.
The extensive utilization of genomics for research activities and finalizing treatment options for
numerous diseases, such as Alzheimer's, diabetes, cancer, etc., is primarily driving the global
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of genomics to
study the impact of the coronavirus infection and develop vaccines, drugs, and testing kits for its
Based on the component, the global genomics market has been divided into products and services,
where products, including consumables and reagents currently exhibit a clear dominance in the
Based on the application, the global genomics market can be categorized into functional genomics,
epigenomics, biomarkers discovery, pathway analysis, and others. Currently, functional genomics
hold the majority of the total market share.
Based on the technology, the global genomics market has been segmented into sequencing,
microarray, polymerase chain reaction, nucleic acid extraction and purification, and others. Among
these, sequencing represents the largest market share.
Based on the end-user, the global genomics market can be bifurcated into research centers,
hospitals and clinics, pharmaceutical and biotechnology companies, and others. Currently,
pharmaceutical and biotechnology companies account for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global genomics market include 23andMe, Inc, Agilent
Technologies, Inc., Bayer AG, BGI Group, Bio-Rad Laboratories, Inc., Danaher Corporation, Illumina,
Inc., Oxford Nanopore Technologies, PerkinElmer, Inc., Myriad Genetics, Inc., F. Hoffmann-La Roche
Ltd, and Thermo Fisher Scientific Inc.
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