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North America's genomics market to grow to USD 7.58 billion by 2021 available in new report

Genomics Market By Product, By Technology, By Process , By Application, By End User And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021).

According to the report North America Genomics Market, published by Market Data Forecast, the market is projected to reach USD 7.58 billion by 2021, at a CAGR of 9.7% from 2016 to 2021.

Genomics is the sequencing and analysing of genomes. Genomics is also related to the structure, function, and development of genomes.

Advancements in genomics have led to a revolution in systems biology which allows the contemplation of complex biological systems like the brain.

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Genomics Market: Drivers & Restraints

The North America genomics market is majorly propelled by the augmenting level of competition in the pharmaceutical sector and the growing use of genomics in research and development of innovative drug classes. Rising demand for genetically altered animals and plants and the gradually decreasing rates of genetic methods are also giving rise to substantial developments in the North America genomics market.

However, the extremely expensive genomic instruments are mainly restricting the growth of this market.


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Genomics Market: Segmentation

By Product 

  • Instruments/systems
  • Consumables and Services

By Technology 

  • Sequencing
  • Microarray technology
  • PCR
  • Nucleic acid extraction
  • Other technologies

By Process 

  • Library preparation
  • Sequencing and Imaging
  • Data Analysis

By application 

  • Diagnostics
  • Drug discovery and Development
  • Personalized medicine
  • Agriculture& animal research
  • Other applications

By End User

  • Research centres
  • Hospitals and clinics
  • Pharmaceutical companies 
  • Other end users

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Genomics Market: Overview

The North America Genomics Market was valued at USD 4.77 billion as of 2016. The market is estimated to grow at a lucrative rate in the coming years due to the development in the medical sector.  The consumables category is estimated to hold the largest share of the genomics market.

This is due to factors like continuous usage of consumables for the genomic experiments, growing research programs by institutes and the non-profit bodies.

Genomics Market: Region-wise Outlook

On the basis of geography, the market is segmented into the regions namely U.S.A and Canada. North America is an important market owing to its growing focus and investments in different R&D projects related to biotechnology.

Key Questions Answered

  • What is the current and future North America Genomics Market outlook? What trends are affecting the market?
  • What is the competitive landscape and market share of major players in the Genomics Market space?
  • What are the key, high growth markets that Genomics Market manufacturers should expand into? Which market segments are growing the fastest?
  • What are the unmet needs with the Genomics currently on the market? How will emerging technologies fulfil these unmet needs?
  • What is the End User perception and market outlook of Genomics?
  • What are the challenges and barriers that have hindered widespread adoption of Genomics?

Genomics Market: Key Players

Some of the key players in this market include Affymetrix, Inc., Agilent Technologies, BGI, Bio-Rad Laboratories Inc., GE Healthcare, Illumina Inc., Qiagen, Roche Diagnostics, Life Technologies, Cepheid.


Reasons to access Genomics Market Report:

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
  • Segment-level analysis on basis of product, technology, process, application, and end users along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
  • A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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