The genomics market is expected to reach US$ 32,995.3 million by 2025 from US$ 14,728.6 million in 2017; it is estimated to grow at a CAGR of 10.8% from 2018 to 2025.
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Genomics is defined as the study of a gene and its functioning. The concept of genomics aims to understand the genome’s architecture, which comprises the deoxyribonucleic acid (DNA), ribonucleic acid (RNA), and proteins. Genomics is meant to examine the molecular mechanisms and the interaction of genetic and environmental factors in the diseases. Genomics is a broad spectrum that includes functional genomics, structural genomics, comparative genomics, epigenomics (epigenetics), and pharmacogenomics. Factors such as growth in investments & funds for genomics, declining cost of sequencing procedures, increasing number of start-up companies, technological advancements in genomics are expected to boost the market growth over years. However, the growth of the market is restrained by various factors such as nonexistence of skilled professionals and high cost of equipment used in genomics.
Thermo Fisher Scientific Inc.
Bio-Rad Laboratories, Inc.
F. Hoffmann-La Roche AG
Companies have also increased their research and development funds for the enhancement of gene synthesis. Additionally, in 2016, Twist Bioscience raised its revenue with US$ 61 million for the scale-up and commercial operation of the silicon chip-based high throughput low-cost gene synthesis platform.
Globally, the gene synthesis has set the benchmark with its innovations and dynamic results. The industry has attracted various global leaders to invest in gene synthesis. For instance, in November 2017, Bolt Threads raised US$123 million in Series D funding that was led by Ballie Gifford along with the others such as Formation above 8, Founders Fund, Fidelity Management, Research Company, and Temasek. Allen & Company LLC. Bolt Threads also announced in TechCrunch that it has added to the amount for the Series D round, to sum up, the amount of US$213 million.
Genomics Market Important Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
- Industry Trends: United States and Other Regions Revenue, Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends, Marketing Area
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Genomics Industry research report is a meticulous investigation of the current scenario of the Genomics global and regional market, which covers several industry dynamics. The Genomics market research report is a resource, which provides current as well as upcoming technical and financial details with market risk, growing demand and raw materials. The thorough analysis in this report enables investors, CEOs, regional traders, suppliers, top vendors to understand the market in a better way and based on that knowledge make well-informed decisions.
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