Title: Genomics Market worth $19.0 Billion by 2018
1MarketsandMarkets Presents
Genomics Market worth 19.0 Billion by 2018
2- New analysis from Markets and Markets "Genomics
Market by Products - Instruments (NGS platform,
Microarray, RT-PCR), Consumables (Gene chips,
Reagents for DNA Extraction Purification,
Sequencing), Services (Sequencing Microarray
Services, and Software) - Global Forecast to
2018" finds that the Global Genomics Market
earned revenues of 11.11 billion in 2013 and
estimates this market to reach over 19.0 billion
by 2018. - Browse 49 market data tables and 52 figures
spread through 248 pages and in-depth TOC on
Genomics Market by Products- Instruments (NGS
platform, Microarray, RT-PCR), Consumables (Gene
chips, Reagents for DNA Extraction
Purification, Sequencing), Services (Sequencing
Microarray Services, and Software) - Global
Forecast to 2018" - http//www.marketsandmarkets.com/Market-Reports/g
enomics-market-613.html -
3 4-
- The report segments the Global Genomics market by
products (instrument, consumables, and services),
by technology (Nucleic acid extraction
purification, PCR, DNA sequencing, and DNA
microarray), by application (diagnostics,
personalized medicine, academic research,
agriculture animal health, and academic
research), and by geography (North America,
Europe, APAC, and RoW). Technological
advancements (Nanopore sequencing, customized
microarray, and d-PCR), increasing capital
investment by public and private capitalists in
genetic researches, as well as innovations in
bioinformatics tools for advanced application in
drug discovery and academic research are
considered the key drivers for the global
genomics market. - The future of genomics lies in the personalized
medicine industry. Government initiatives and
considerable investments are expected to drive
genetic research on personalized medicines that
utilize base pairs of the human genome sequence.
5- As of now, the application of personalized
medicine is primarily focused on drug discovery
for oncology, vaccine production, as well as
infectious disease-therapeutic areas. The usage
and application areas for genomic research in
personalized medicine are expected to increase
significantly in coming years. - Over the last decade, Tier I and Tier II
companies were found to be dominant in the
instruments and consumables product segments of
the genomics market. Moreover, increasing market
consolidation through consecutive restructuring
activities by leading players has proved to be a
challenge for new entrants. Market penetration
in the genomics services sub-segment would be a
suitable strategy for start-ups. Increasing
dependency of small and medium scale research
institutes on outsourced services is expected to
drive the market significantly, concludes Antan.
Partnering with Tier I and Tier II manufacturers
reduces the initial capital investment, and
allows small scale service providers to leverage
established brand names for market penetration.
Leading market players in this market include
Roche Diagnostic (Switzerland), Life
Technologies, Corp. (U.S.), QIAGEN (Netherlands),
Illumina, Inc. (U.S.), and Bio-Rad Laboratories,
Inc. (U.S.).
6- The Global Genomics Market study is part of the
Biotechnology subscription title, which also
includes research in the following markets Next
Generation Sequencing (NGS) Market Platforms
(Illumina HiSeq, MiSeq, Life Technologies Ion
Proton/PGM, 454 Roche), Bioinformatics (RNA-Seq,
ChIP-Seq), (Pyrosequencing, SBS, SMRT),
(Diagnostics, Personalized Medicine) Global
Forecast to 2017, and Proteomics Market (Protein
Microarray, Mass Spectrometry, NMR Spectroscopy,
Chromatography, Electrophoresis, Surface Plasmon
Resonance, X-ray Crystallography) - Instruments,
Reagents Services - Trends Global Forecasts
to 2017.All research reports from Markets and
Markets provide detailed tables and forecasts
following extensive interviews with market
participants.
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