Genomics Market worth $19.0 Billion by 2018
DALLAS, January 27, 2014
DALLAS, January 27, 2014 /PRNewswire/ --
New analysis from MarketsandMarkets " Genomics Market by Products -
[Instruments (NGS platform, Microarray, RT-PCR), Consumables (Genechips,
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"
Early buyers will receive 10% customization on this report.
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", notes MarketsandMarkets Research Analyst.
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
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.).
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 MarketsandMarkets
provide detailed tables and forecasts following extensive interviews with
Browse related reports
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
Proteomics Market (Protein Microarray, Mass Spectrometry, NMR Spectroscopy,
Chromatography, Electrophoresis, Surface Plasmon Resonance, X-ray
Crystallography) - Instruments, Reagents & Services - Trends & Global
Forecasts to 2017
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