Genomics Services Market Growth: Market Entry and Expansion Strategies
Genomics
Services Market size was valued at USD 16.4 billion in 2022 and is
estimated to reach USD 46.4 billion in 2030, and grow at a compound annual
growth rate approx. CAGR of 12.8% over the forecast period of 2023-2030.
The Genomics Services Market Report provides a comprehensive
analysis of the global Genomics Services market, highlighting key trends,
growth drivers, challenges, and opportunities. The report aims to assist
industry stakeholders in making informed decisions and formulating effective
strategies.
The genomics services market is a rapidly growing sector
that encompasses a wide range of services related to the study and analysis of
an individual's genetic material. With advancements in technology and
decreasing costs of genomic sequencing, the demand for genomics services has
witnessed a significant surge in recent years.
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One of the key drivers behind the growth of this market is
the increasing adoption of personalized medicine. Genomic information plays a
crucial role in tailoring medical treatments to an individual's unique genetic
makeup, allowing for more precise and effective therapies. As a result,
healthcare providers are increasingly relying on genomics services to guide
their treatment decisions, leading to a higher demand for genetic testing,
sequencing, and analysis.
Moreover, the expanding applications of genomics in various
fields such as oncology, rare diseases, reproductive health, and
pharmacogenomics have further fueled the growth of this market. Researchers are
continuously discovering new genetic markers associated with diseases or drug
responses, creating opportunities for genomics service providers to offer
specialized tests and analysis.
KEY MARKET SEGMENTS
By Application &
Deliverables
·
Functional Genomics
·
Epigenomics
·
Pathway Analysis
·
Biomarker Discovery
·
Others
By Deliverables
·
Products
o Instruments/Systems/Software
o Consumables & Reagents
·
Services
o NGS-based Services
o Core Genomics Services
o Biomarker Translation
Services
o Computational Services
o Others
By End users
·
Clinical Research
·
Academic & Government Institutes
·
Hospitals & Clinic
·
Pharmaceutical & Bio Technology Companies
·
Other End Users
Major Players Listed in the Report
are as Follows:
F. Hoffmann-La Roche Ltd, Agilent Technologies, Thermo
Fisher Scientific, Inc, Bio-Rad Laboratories, Inc, 23andMe, Inc., Illumina,
Inc, Myriad Genetics, Inc., Foundation Medicine, Inc., Danaher, Pacific
Biosciences, Oxford Nanopore Technologies, BGI and others.
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