Genomics
Market by Product Type (Consumables, Software, and Others), by Technology
(PCR, Microarray, Next Gene Sequencing, Nucleic Acid Extraction and
Purification, and Others), by Application (Diagnostics, Drug Discovery and
Development, Precision Medicine, Agriculture & Animal Research, and
Others), by End Users (Academic and Research Institute, Pharmaceutical &
Biotechnology Companies, Hospital and Clinics, and Others), and by Region
(North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) -
Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2019 –
2026
Genomics is the study of human
genes and chromosomes. It focuses on structure, function, evolution, mapping,
and editing of genomes. Genome is the genetic material of organism, which
includes the Deoxyribonucleic acid (DNA). DNA consists the information needed
to build the whole human body. Human genome consists of 23 pairs of chromosomes
and 24000 genes. This study is divided into various types such as structural
genomics, functional genomics, and comparative genomics.
Global Genomics Market Drivers
Increasing new product launches
is expected to drive the global genomics market growth. For instance, in
January 2019, Contextual Genomics launched two molecular hotspot assays (Liquid
Biopsy Test and updated Solid Tumor Panel) for the detection of genomic mutations
in blood and solid tumors.
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Furthermore, in May 2015, Rosetta
Genomics Ltd. launched OncoGxOne. It is Next Generation Sequencing (NGS) test
that profiles tumors for targeted therapy selection and chemotherapeutic
tolerance.
Moreover, in September 2018,
Zenome launched the first decentralized genomic internet software, which is
expected to increase possibilities of safe storage of large amount of genetic
data. The main advantage of decentralized genomic internet software is that the
degree of security is much higher.
Global Genomics Market Restraints
Lack of qualified and trained
professionals in genomics study is a major challenge for the global genomics
market growth. For instance, in January 2019, according to express healthcare
report, genomics study needs highly qualified and trained professionals to
optimize lab workflows and run it efficiently.
Global Genomics Market Regional
Analysis
Europe is expected to gain
significant share in the global genomics market over the forecast period, owing
to increasing launches of new products by key players. For instance, in April
2017, Illumina, Inc. announced launch of its new product VeriSeq NIPT Solution,
it is a CE-IVD marked next-generation sequencing (NGS)-based approach to
non-invasive prenatal testing (NIPT).
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This approach includes the CE-IVD
marked library preparation and analysis software. This software enables fast,
highly accurate, cost-effective, and non-invasive parenteral testing (NIPT).
Furthermore, Asia Pacific is also
projected to witness significant growth in the global genomics market during
the forecast period, owing to increasing collaboration activities by key
players. For instance, in January 2018, 10X Genomics, Inc. collaborated with
the Berry Genomics Co. Ltd. Under this collaboration, 10x Genomics, Inc.
focuses on development of approaches for next generation non-invasive prenatal
testing (NIPT) and developing and offering new services for Berry Genomics Co.
Ltd.
Key players operating in the
global genomics market include Thermo Fisher Scientific, Inc., Agilent
Technologies, Bio-Rad Laboratories, Inc., Illumina, Inc., Pacific Biosciences,
Oxford Nanopore Technologies., 23andMe, Inc., Foundation Medicine, Inc.
Hoffmann-La Roche Ltd., and Myriad Genetics, Inc.
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