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Global Genomics Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Genomics market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
The factors for the growth of the Genomics market are the gradually increasing number of genomics projects and rising government funding are catalyzing the growth of genomics. According to MarkNtel Advisors’ research report titled “Global Genomics Market Analysis, 2020”, the Global Genomics market is anticipated to grow at a CAGR of around 10.5% during 2020-25.
PCR Segment Gained Lion’s Share of the Market in 2019
Based on the technology, the PCR segment grew at a sturdy pace during 2015-19 owing to the augmenting technological advancements coupled with the lower cost of DNA magnification using PCR. Besides this, extensive research in the field of genomics also contributed to the growth of the PCR segment.
Consumables Segment Accounted for the Major Market Share
Based on the deliverables, the consumables segment contributed to the major market share in 2019 and the share is further anticipated to escalate during 2020-25. The rising number of genomic service start-ups is also leading to a growth in the service component in the consumables segment as stated in the MarkNtel Advisors’ research report “Global Genomics Market Analysis, 2020”.
Surging Research Activities in the North America Region
In 2019, the North America region was the largest market for genomics globally largely due to the increasing degree of grants and funds to finance research on genomics in the US. Asia-Pacific region is emerging as a lucrative market on an account of considerable focus of governments toward research in the field of genomics.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Genomics market include Thermofisher Scientific, Qiagen, Illumina, Danaher Corporation, Bio-Rad Laboratories, GE Healthcare, Agilent Technologies, Oxford Nanopore Technologies, Perkin Elmer, Luminex Corporation, etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Genomics Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of units sold (Thousand).
Q. What would be the growth rate or CAGR of Global Genomics Market during 2020-25?
A. The growth rate of Global Genomics Market during 2020-25 is forecast to be around 8.5%.
Q. Who are the key competitors or players operating in Global Genomics Market?
A.Thermofisher Scientific, Qiagen, Illumina, Danaher Corporation, Bio-Rad Laboratories, GE Healthcare, Agilent Technologies, Oxford Nanopore Technologies, Perkin Elmer, Luminex Corporation are few of the leading players in the Global Genomics Market.
Q. Which deliverable segment would emerge as an opportunity area for players in Global Genomics Market?
A. Consumables segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which end user would emerge as an opportunity area for players in Global Genomics Market?
A. The academic and government institutes grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Genomics Market.
