Demand Analysis of Genomics Market Overview:
The growth of genomics market include technological advancements in genomic instruments, rising incidence of genetic disorders, rising government funding, and growing applications of genomics. However, the high cost of genomic systems and the dearth of skilled professionals are some of the factors likely to hinder the market growth to a certain extent. Decreasing prices of genomic sequencing and growth in the genomic database have reduced the cost of the analysis.

The global genomics market was pegged at ~US$ 21.40 billion in2020. The market is expected to witness a CAGR of ~13.3% from 2021 to 2031.

The high cost of the equipment as well the consumables used in genomic sequencing are restraining the market growth to a certain extent. Additionally, the cost required for the maintenance of this equipment is also higher. Furthermore, the dearth of skilled professionals such as genomic counsellors and geneticists who interpret and translate highly complex and voluminous data is also one of the major factors hindering market growth.

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Key players:
Bio-Rad Laboratories, Inc., received FDA approval for its CFX96 Dx Real-Time PCR System for COVID-19 testing. Similarly, in December 2020, Agilent Technologies Inc. received clearance from the Ministry of Health, Labour, and Welfare (MHLW) in Japan for the GenetiSure Dx Postnatal Assay, a microarray-based assay for diagnostic purpose.

Segmentation By Technology:
• DNA Sequencing
• Fermentation
• Nanotechnology
• Cell Based Assay

By Products & Services:
• Systems & Software
• Consumables
• Services

By Technology
• Polymerase Chain Reaction (PCR)
• Nucleic Acid Extraction & Purification
• Microarray

Regional Analysis-
• The Asia-Pacific market is anticipated to grow at a higher CAGR during the forecast period.
• Major factors contributing to the growth of genomics market in this region include the rising incidence of chronic infectious diseases, rising awareness regarding growing applications of genomics, and increasing research activities in the field of genomics.
• The emergence of local players and new product launches has also played a critical role in boosting the genomics market in this region.

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Key Questions Answered in the Report Include:
(1) This report gives all the information about the industry analysis, revenue, and overview, of this market.
(2) What will be the rate of increase in market size and growth rate by the end of the forecast period?
(3) What are the major global Genomics Market trends influencing the development of the market?
(4) What are the vital results of SWOT analysis of the major players operating in the Genomics Market?
(5) What are the potential growth opportunities and threats faced by Major competitors in the market?

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