The use of genomics is expanding in the medical industry, which is creating growth opportunities for the Global Genomics Market. Fortune Business Insights in a new report, titled “Genomics: Global Market Analysis, Insights and Forecast, 2019-2026” offers valuable insights into the factors enabling growth in the market.
Genomics Market is most commonly used for the diagnosis of cancer. Recent advancements in personalized medicine and genomics have bought significant transformations in disease management. The growing use of genomics in several clinical trials is reflecting a growing trend. Consequently, The Global Industry is expected to rise at an exponential CAGR of 18.7% between 2018 and 2026. In 2018, the market was valued at US$ 15,888.8 Mn and it is anticipated to reach US$ 62,614.6 Mn by 2026.
Browse Complete Report Details@ https://www.fortunebusinessinsights.com/industry-reports/genomics-market-100941
Some major points from Table of Content:
4.1GenomicsResearch Spending – For Key Countries, 2018
4.2RegulatoryScenario – For Key Countries
4.3Overview ofGenomics Service Provider
4.5Start-upswith their Funding Overview
4.5Key IndustryDevelopments – Mergers, Acquisitions and Partnerships
5.Global Genomics Industry Analysis,Insights and Forecast, 2015-2026
5.1.KeyFindings / Summary
5.2.MarketAnalysis, Insights and Forecast – By Type
5.3.MarketAnalysis, Insights and Forecast – By Technology
5.3.1PolymeraseChain Reaction (PCR)
5.4.MarketAnalysis, Insights and Forecast – By Application
5.5.MarketAnalysis, Insights and Forecast – By End User
5.5.2HealthcareFacilities & Diagnostic Centers
5.5.3Pharmaceutical& Biotechnological Companies
5.5.4ContractResearch Organization (CROs)
5.6.MarketAnalysis, Insights and Forecast – By Region
5.6.5MiddleEast & Africa
A Myriad of R&D Activities Has Spurred Growth Prospects for Market
“Several services and start-up companies are paving their way into genomics industry by offering services which include ancestry services, direct-to-customer genomic services, among others,” stated a lead analyst at Fortune Business Insights. “Rising support from governments regarding research and funding is expected to contribute to the growth of the market,” he added. Several genomic institutes are supporting the industry by granting funds for performing research and development activities. Stanford healthcare uses genomic information to develop a personalized treatment for patients suffering from chronic illness.
The lower costs of genetic procedures is likely to contribute to the development of the genomic market in the forthcoming years. Technological advancements in genomic medicine which include Next-generation Sequencing (NGS), Sanger sequencing, Polymerase Chain Reactions (PCR), and microarray are likely to drive the market. Of these, Polymerase Chain Reactions (PCR) covered the maximum share in the global market in 2018. The easy availability and extensive use of this technology are responsible for this segment’s growth. Owing to the increasing number of genetic studies, the demand for genomics is expected to fuel in healthcare facilities & diagnostic centers, Contract Research Organization (CROs) and others.
Secondary Data Sources That We Refer To
- Annual reports, investor presentation, SEC filings, and press releases of companies operating in the market
- Studies published by relevant associations MedTech Europe; American College of Radiology; Cancer Council Australia; Japan Hospital Association, etc.), government sources (Centers for Disease Control & Prevention, Ministry of Health, Labour & Welfare, Japan; National Health Service, England, etc.), international organizations (World Health Organization, The Organization for Economic Co-operation and Development, Eurostat, etc.), and articles published by Research Gate, NCBI, etc.
- Website, reports, and press releases of end user facilities – Hospitals, Ambulatory Surgery Centres, Clinics
- Industry journals and paid databases
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