Genomics Industry Review 2015-2019 and Opportunity Outlook 2020-2030

News provided by

Apr 16, 2020, 19:00 ET

DUBLIN, April 16, 2020 /PRNewswire/ -- The "Genomics Market Global Report 2020-30" report has been added to ResearchAndMarkets.com's offering.

The global genomics market was worth $851.96 million in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 14.71% and reach $1,475.11 million by 2023. North America was the largest region in 2019.

Rising government funds for research on genomics drives the growth of the single-cell genomics market. The government funding focuses on efforts to resolve the complexity of the human genome, define the genomic basis of human health and disease, and ensure that genomics is used safely to enhance patient care and benefit society through government, public and private institutions.

For instance, in 2018, in the U.S, The All of Us Research Program, a part of the National Institutes of Health, gave funds of $28.6 million for establishing three genome centers in the USA. These centers will start generating genomic data from the biosamples contributed by the participants of the program.

The technology limitation in single-cell genomics hinders the growth of the single-cell genomics market. Due to cost and technical constraints, the use of genetic sequencing to better target and treat rare and chronic diseases was largely out of reach for most health care organizations. Therefore, limiting the market's growth.

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 2018, NanoString Technologies, Inc., a USA-based biotech company, specialized in developing cancer diagnostics tools launched a CAR-T characterization panel, a new gene expression panel for the molecular characterization of CAR-T cells in research, development, and manufacturing. The panel was developed in partnership with eight leading CAR-T therapy centers and helps in ease of workflow and aims to advance the field of CAR-T therapy.

In November 2019, Exact Sciences Corp., a USA-based molecular diagnostics company specialized in colon cancer screening, screening test research, and development, non-invasive cancer screening for early detection and prevention of colorectal cancer, acquired Genomic Health Inc. for $2.8 billion in cash. The acquisition is expected to help Exact Sciences Corp. to broaden its offering of cancer tests and expand its footprint in more than 90 countries. Genomic Health Inc. is a USA-based life science company that specializes in the development of genomic-based clinical diagnostic tests for cancer.

Major players in the market are 10X Genomics, Qiagen, Fluidigm Corporation, Johnson & Johnson, Zephyrus Biosciences, Illumina, Affymetrix, Angle, Denovo Sciences and Diagnologix LLC.

Key Topics Covered

1. Executive Summary

2. Genomics Market Characteristics

3. Genomics Market Size and Growth
3.1. Global Genomics Historic Market, 2015-2019, $ Billion
3.1.1. Drivers of the Market
3.1.2. Restraints on the Market
3.2. Global Genomics Forecast Market, 2019-2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers of the Market
3.2.2. Restraints on the Market

4. Genomics Market Segmentation
4.1. Global Genomics Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Instrument (Including Systems, Service Contract and Software)
Reagents (Including Reagents and Consumables)

4.2. Global Genomics Market, Segmentation By Process, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Cell Isolation
Sample Preparation
Genomic Analysis

4.3. Global Genomics Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Academic Institutes
Biopharmaceutical Companies
Clinical Research Institutes

5. Genomics Market Regional and Country Analysis
5.1. Global Genomics Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Genomics Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Companies Mentioned

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

For more information about this report visit https://www.researchandmarkets.com/r/pd3y8j

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets