Genome can be defined as an organism-2019s set of DNAs. Genomics is a branch of science that helps to understand the functions, structure, and evolution of genes. In the recent years, there has been an increase in the genomics owing to rising research activities and increase in number of initiatives to promote personalized medicine. The genomics market is also driven by increasing applications of genomics in cancer therapy and in early detection of other diseases.
The genomics market is expected to witness a significant growth rate in the coming years owing to rise in availability of funding for research activities, increasing government initiatives by governments of various countries, growth in the adoption of personalized medicine, declining costs of sequencing, and increase in number of genomic sequencing initiatives. Factors such as rise in number of star-up companies in India and China and application of genomics in prevention & treatment of genetic diseases are expected to offer opportunities for the market growth in the years to come.
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The Global Genomics Market can be segmented based on product & service, application, technology, and geography. The market based on product can be segmented into instruments and consumables. Based on the application the market can be classified as precision medicine, diagnostics, drug discovery & development, and other applications. The Genomics market based on technology can be segmented as PCR, sequencing, nucleic acid extraction & purification, microarray and other technologies. The market based on region, is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa (MEA).
Top Players:-
• Agilent Technologies
• Illumina
• Thermo Fisher Scientific
• Qiagen
• Eurofins Scientific
• F. Hoffmann-La Roche
• And Others
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Genomics also referred to as hybrid reality is the integration of real and virtual world to produce new environments and visualizations where physical and digital entities interact in real time. Due to the massive potential of the technology, the gaming and entertainment industries are the major focus for the growth of Genomics market. The aerospace and defense sector also contribute immensely to the growth of the market in the near future.