How Global Genomics Market Players Should Strategize For 2022-2031

The global genomics market size is expected to grow from $27.58 billion in 2021 to $32.56 billion in 2022 at a compound annual growth rate (CAGR) of 18.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The genomics market is expected to reach $63.50 billion in 2026 at a CAGR of 18.2%.

What is the Global Genomics Market?

The genomics market consists of sales of single-cell genomics and related goods. The study of genomes is called genomics. Single-cell genomics is an innovative method of classifying individual cells from a tissue sample, capable of defining unique traits and identifying rare cell types. Genomics is used in different fields of study such as intragenomic phenomenon including pleiotropy, epistasis, heterosis, and other interactions between loci and alleles within the genome.

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What drives the Global Genomics Market?

Rising government funds for research on genomics drives the growth of the single-cell genomics market. The government funding focuses on efforts to resolve the complexity of the human genome, define the genomic basis of human health and disease, and ensure that genomics is used safely to enhance patient care and benefit society through government, public and private institutions. For instance, the HudsonAlpha Institute for Biotechnology in Huntsville, Alabama, has been selected by the All of Us Research Program to investigate the application of cutting-edge DNA sequencing technologies that could potentially enhance diagnosis and treatment of many common and rare diseases. The National Center for Advancing Translational Sciences (NCATS) has funded $7 million for the research.

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Global Genomics Market Segments
The global genomics market is segmented:
By Product Type: Instrument (Including Systems, Service Contract and Software), Reagents (Including Reagents and Consumables)
By Process: Cell Isolation, Sample Preparation, Genomic Analysis
By End User: Academic Institutes, Biopharmaceutical Companies, Clinical Research Institutes
By Geography: The regions covered in the genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Genomics Global Market Report 2022provides market size and growth forecasts for the global genomics market, global genomics market share, genomics market segments and geographies, genomics market competitive landscape including leading competitors’ revenues, profiles and market shares. The genomics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Genomics Industry Playersinclude 10X Genomics, Qiagen NV, Fluidigm Corporation, Johnson & Johnson Private Limited, Zephyrus Biosciences Inc., Illumina Inc., Affymetrix, Angle PLC, Denovo Sciences Inc., Diagnologix LLC, DNA Electronics Ltd, Enumeral, Epic Sciences, Kellbenx Inc., Resolution Bio Science Inc., Wafergen Bio-systems Inc., Yikon Genomics Co. Ltd, Thermo Fisher Scientific Inc., CellBio, Beckman Coulter, Becton Dickinson, Bio-Rad, Carl Zeiss Microscopy, Cell Microsystems, Cellsee Diagnostics, CellSorter, Cytena, CytoTrack, Dolomite Bio, Agilent Technologies Inc., and Fluxion Biosciences. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.