Increasing Adoption of Several Strategies by Prominent Players are Driving in the Global Genomics Market

Published: Nov 2022

The global genomics market is anticipated to grow at a considerable CAGR of 15.3% during the forecast period.  The key factors that are contributing to the market growth are key players operating in the market are adopting various strategies such as acquisition, mergers, new product launches, and other are such factors that assist in market growth. For instance,

Browse the full report description of “Genomics Market Size, Share & Trends Analysis Report by Deliverable (Product, and Services), by Technology (Sequencing, PCR, Nucleic Acid Extraction and Purification, Microarray, and Other) by Application (Drug Discovery and Development, Diagnostics, Agriculture and Animal Research, and Other), and by End-User (Hospitals & Clinics, Academic and Research Centers, Pharmaceutical & Biotechnology Companies, and Other), Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/genomics-market

In February 2022, Intellia Therapeutics, Inc., has acquired Rewrite Therapeutics, Inc., for the further expansion of Intellia's industry-leading genome editing toolbox with the addition of CRISPR/Cas9 and base editing technologies to make precisely targeted changes to DNA for new possibilities and the potential to target diseases. 

In April 2021, the Biden administration has invested $1.7 billion to improve the detection, monitoring, and mitigation of SARS-CoV-2 variants and also for building infrastructure for future genomic sequencing. This funding is made to expand the capacity for genomic sequencing, with additional future funding to follow that will reach $1 billion.

In December 2020, AstraZeneca has acquired Alexion Pharmaceuticals, Inc., to build combined expertise in immunology and precision medicines to accelerate innovation and deliver enhanced value for shareholders, patients, and the rare disease communities.

In June 2020, Merck and 10x Genomics, Inc., developed a new option for biological experiments with barcode technology to screen single cells using CRISPR libraries. Under this collaboration, companies are innovating two new technologies such as single cell transcriptomics and pooled CRISPR screening under the  10x Compatible Partnership Program.

Market Coverage

The market number available for – 2021-2028

Base year- 2021

Forecast period- 2022-2028

Segment Covered- 

o By Deliverable

o By Technology

o By Application 

o By End-User

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Agilent Technologies, Inc., Danaher Corp., Eurofins Scientific Ltd., F. Hoffmann-La Roche Ltd., Illumina Inc., Quest Diagnostics, Thermo Fisher Scientific, and others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

Who is the leader in the market?

How players are addressing challenges to sustain growth?

Where is the investment opportunity?

Global Genomics Market Report Segment

By Deliverable

  • Product
  • Services

By Technology

  • Sequencing
  • PCR
  • Nucleic Acid Extraction and Purification
  • Microarray
  • Other

By Application

  • Drug Discovery and Development
  • Diagnostics
  • Agriculture and Animal Research
  • Other

By End-User

  • Hospitals & Clinics  
  • Academic and Research Centers 
  • Pharmaceutical & Biotechnology Companies
  • Other

Global Genomics Market Report by Region

North America

US

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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