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Genomics Market by Product and Services, Technology, Process & Application - Forecast to 2022 - Research and Markets

[October 13, 2017]

Genomics Market by Product and Services, Technology, Process & Application - Forecast to 2022 - Research and Markets

The "Genomics Market - Forecast to 2022" report has been added to Research and Markets' offering.

The Global Genomics Market is expected to reach USD 23.88 Billion by 2022 from USD 14.71 Billion in 2017, at a CAGR of 10.2%.

The key factors driving the growth of the overall genomics market include the growing demand for rise in research activities in the field of genomics; increasing number of start-up companies; and increasing application of genomic sequencing in the diagnostics, personalized medicine, growing investments, grants, and funds by the government. However, the high costs of genomic sequencing instruments/systems are expected to restrain the growth of this market to a certain extent during the forecast period.

Based on products and services, the genomics market is segmented into instruments/systems, consumables and services. During the forecast period, the services segment is expected to grow at the highest CAGR. The increasing awareness of genomics and reducing DNA sequencing coss are expected to drive the growth of the segment.

Based on application, the genomics market is segmented into diagnostics, drug discovery and development, personalized medicine, agriculture and animal research, and other applications such as biofuels, marine research and coal mines. During the forecast period, the diagnostics market is poised to grow at the highest CAGR. Owing to the growing applications of genomics in the diagnosis of various rare and infectious diseases this segment is expected to grow during the forecast period.

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