Precision Business Insights has published a report on the global genomics market, estimating its value at USD 31,156 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 11.9% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/genomics-market

The genomics market includes the tools, technology, and services used to investigate the entire set of DNA (genome) in organisms. This comprises sequencing platforms, bioinformatics software, consumables, and diagnostics for research, clinical use, and drug development. Genomics enables a better knowledge of hereditary illnesses, characteristics, and biological activities, making it an essential component of modern biotechnology and precision medicine.

Drivers:

• Increased awareness and diagnosis of conditions like cancer, diabetes, and rare genetic disorders are fueling demand for genomic solutions.
• Rapid innovations in NGS and other sequencing platforms have made genome analysis faster, cheaper, and more accurate.

The global genomics market segmentation:

1) By Product Type: Reagents and Kits, Instruments, Software and Services

2) By Technology: Next Generation Sequencing, Polymerase Chain Reaction, Nucleic Acid Extraction and Purification, Microarray, Others

3) By Application: Diagnostics, Drug Discovery and Development, Precision/Personalized Medicine, Others

4) By End User: Pharmaceutical and Biotechnology Companies, Hospitals and Clinics, Academic and Government Institutes, Clinical Research, Others

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Regional Overview:
The report also examines the current concerns and their Future Effects on the genomics market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the genomics market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Illumina, Inc., Thermo Fisher Scientific, QIAGEN N.V., Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories, Inc., Eurofins Scientific, MGI Tech Co., Ltd., MERCK KGAA, PROMEGA CORPORATION, 10x Genomics, 23andMe, Inc.

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