Worldwide Genomics Markets, 2020-2027 – Comprehensive Analysis on the $31.1 Billion-Projected Industry – Yahoo Finance

DUBLIN, Feb. 26, 2020 /PRNewswire/ -- The "Genomics Market Size, Share & Trends Analysis Report by Application and Technology (Functional Genomics, Pathway Analysis), by Deliverables (Products, Services), by End Use, by Region, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.

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The global genomics market is expected to reach USD 31.1 billion by 2027, registering a CAGR of 7.7% over the forecast period according to this report. Significant changes in disease management processes along with advancements in genomics and personalized medicine are expected to propel the market.

Increasing pool of market innovators such as 23andMe, Oxford Nanopore Technologies, and Veritas Genetics that have launched breakthrough genomic technologies in recent years are also contributing toward market development. 23andMe has expertise in developing direct-to-consumer genomic tests targeted toward disease prognosis and has recently received FDA approval for its commercialization.

MinION - a trademark sequencing device of Oxford Nanopore Technologies, is witnessing significant traction owing to its ability to sequence any fragment length of DNA in real time. On the other hand, Veritas Genetics offers an affordable solution for a complete readout of the genomic sequence. Earlier procured only by doctors, these tests can now be taken by anyone curious about their DNA and costs approximately USD 1,000. The company has also begun the commercialization of this technique for newborn's genomic sequencing applications in China in 2017.

Further key findings from the report suggest:

Key Topics Covered

Chapter 1 Research Methodology

Chapter 2 Executive Summary2.1 Genomics Market Outlook, 2016-2027

Chapter 3 Industry Outlook3.1 Penetration & Growth Prospects Mapping3.2 Trend Analysis3.2.1 Application Trends3.2.2 Product Trends3.2.3 End-Use Trends3.2.4 Regional Trends3.3 Genomics - Market Dynamics3.3.1 Market Driver Analysis3.3.1.1 Growing Integration of Genomics Data into Clinical Workflows3.3.1.1.1 More Targeted and Personalized Healthcare3.3.1.1.2 Growth of Newborn Genetic Screening Programs3.3.1.1.3 Advancements in Non-invasive Cancer Screening3.3.1.1.4 Military Genomics3.3.1.2 Technological Advances to Facilitate Genomic R&D3.3.1.2.1 Emergence of Advanced Genome Editing Techniques3.3.1.2.2 Integration of New Data Streams3.3.1.2.3 RNA Biology3.3.1.2.4 Single Cell Biology3.3.1.3 Rising Adoption of Direct to Consumer Genomics3.3.1.4 Success of Genetic Tools in Agrigenomics3.3.1.5 Increasing Participation of Different Companies3.3.1.6 Increase in Government Role and Funding in Genomics3.3.2 Market Restraint Analysis3.3.2.1 Issues Regarding Intellectual Property Protection, Data Management, and Public Policies3.3.2.2 Dearth of Skilled Personnel3.4 Opportunity Analysis3.5 Industry Analysis - Porter's3.5.1 Supplier Power - Medium3.5.2 Buyer Power - High3.5.3 Substitution Threat - Low3.5.4 New Entrants Threat - Low3.6 Regulatory Landscape: Genomics - SWOT by PEST Analysis3.6.1 Political Landscape3.6.2 Economic Landscape3.6.3 Social Landscape3.6.4 Technology Landscape3.7 Company Market Share Analysis3.8 Competitive Landscape3.8.1 Strategy Framework3.8.2 Company Categorization3.8.2.1 New Entrants3.8.2.2 Mature Players & Leaders

Chapter 4 Genomics Market Categorization: Deliverable Outlook4.1 Genomics Market Share By Deliverable Outlook, 2016 to 20274.2 Products Market, 2016 to 20274.3 Services Market, 2016 to 2027

Companies Mentioned

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For more information about this report visit https://www.researchandmarkets.com/r/h2zfob

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Worldwide Genomics Markets, 2020-2027 - Comprehensive Analysis on the $31.1 Billion-Projected Industry - Yahoo Finance