Genomics Market was worth US$ 26.74 Bn. in 2022 and total revenue is expected to grow at a rate of 15.35% CAGR from 2023 to 2029, reaching almost US$ 72.67 Bn. in 2029.

Genomics Market Overview: 

The primary goal of this research is to assist the user in understanding the Genomics Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Genomics industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals. 

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Genomics Market Scope:

The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals. 

Genomics Market Segmentation: 

The market is divided into Sequencing, Microarray, PCR, Nucleic Acid Extraction and Purification, and Others based on technology. In 2022, the genomics market's greatest share, or xx%, belonged to the PCR category. The market for genomics is expanding mostly due to technological advancements, an increase in genomics research, and decreased costs for DNA amplification using PCR. The market is primarily driven by technology investment and DNA expansion utilizing PCR. In 2022, the second segment will have the highest share of xx%. Sequencing technology has benefits including ultra-high throughput, scalability, and fast speed. It is utilized for a variety of tasks, including farming and animal breeding.

The market is further divided into the Application sub-segments of Diagnostic, Drug Discovery, Precision Medicine, and Others. The genomics market's largest and fastest-growing application sector is diagnostics. The expansion of this market can be due to rising study of diseases including cancer and genetic disorders as well as falling sequencing costs. With more research being done on diseases like cancer and genetic disorders, together with lower sequencing costs, the drug discovery segment is currently holding the second-place spot in the market.

The market is further divided into Consumables, Systems and software, and Services based on Product and Service. In 2022, consumables will have the biggest market share (xx%). Consumables are still being used in the genomic system, and the number of genomic tests being performed worldwide is rising. This is one of the market-influencing elements. The segment's income is produced by significant players using nucleic acids and reagents. With the debut of a product meant to make whole genome sequencing accessible and inexpensive for laboratories of all sizes in June 2021, Illumina Inc. announced the NovaSeqTM 6000 reagent kit in August 2021. The Magbind viral RNA Xpress kit was introduced by Omega bio-tek Inc. to quickly and accurately isolate viral RNA from swab samples.

Genomics Market Size and Forecast, by Product & Service (2022-2029)
1. Consumables
2. Systems and software
3. Services
Genomics Market Size and Forecast, by Technology (2022-2029)
1. Sequencing
2. Microarray
3. PCR
4. Nucleic Acid Extraction and Purification
5. Others
Genomics Market Size and Forecast, by Test Type (2022-2029)
3. Diagnostic Test
3. Genetic Test
3. Newborn Screening
4. Pre-implantation Testing
5. Prenatal Testing
6. Carrier Testing
Genomics Market Size and Forecast, by Application (2022-2029)
1. Diagnostic
2. Drug Discovery
3. Precision Medicine
4. Others
Genomics Market Size and Forecast, by Method (2022-2029)
1. Molecular Test
2. Chromosomal Test
3. Biochemical Test
Genomics Market Size and Forecast, by End User (2022-2029)
1. Research Centers
2. Hospitals and Clinics
3. Pharmaceutical Companies
Genomics Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America

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Genomics Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Genomics market are

1. Thermo Fisher Scientific Inc
2. Illumina Inc.
3. QIAGEN N.V.
4. Agilent Technologies Inc
5. Eurofins Scientific
6. BGI
7. GE Healthcare
8. Bio-Rad Laboratories Inc
9. F. Hoffmann-La Roche Ltd
10.Oxford Nanopore Technologies
11.Beijing Genomics Institute
12.Foundation Medicine, Inc
13.23andMe, Inc
14.Pacific Biosciences of california
15.Myriad Genetics, Inc.

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Regional Analysis:

The report focuses on Global Regions and Market Size of Genomics, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.

COVID-19 Impact Analysis on Genomics Market:

The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Genomics industry in 2021.

Key Questions Answered in the Genomics Market Report are: 

• What is the function of Genomics?

• What is the predicted revenue generation of the Genomics market?

• At what growth rate is the Genomics market evolving?

• Who are the major market giants operating in the Genomics market?

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