Genomic Testing Market Trends and Key Drivers Supporting Regional Outlook 2031
Author : Neeraj Kumar | Published On : 24 Apr 2024
As of 2022, The Global Genomic Testing Market was valued at approximately USD 13.7 billion and is projected to attain a valuation of 30.08 billion by 2031, at a CAGR of 9.54% During the Forecast Period, 2023-2031.
The genomic testing market has experienced a substantial surge in growth in recent years due to several factors. One of the key drivers of this growth is the continuous advancements in genomic technologies, which have revolutionized the field of medicine and enabled more precise and accurate diagnoses. The development of high-throughput sequencing techniques and other advanced genomic testing methods has paved the way for faster and more cost-effective testing, making it more accessible to a wider range of patients.
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List of Key Companies Profiled:
- Agilent Technologies, Inc.
- BGI Group
- Bio-Rad Laboratories
- Danaher Corporation
- Eurofins Genomics
- F. Hoffmann-La Roche
- Illumina, Inc.
- QIAGEN
- Singular Genomics Systems, Inc.
- Thermo Fisher Scientific, Inc.
- Other Prominent players
Market Overview
This report offers a meticulously researched evaluation of the market, emphasizing the strategic insights that enterprises need to navigate the competitive environment effectively. The study includes a detailed market valuation that quantifies the market's worth, helping stakeholders understand the financial dimensions and potential growth opportunities.
Market Dynamics
The global Genomic Testing Market report identifies several key drivers that are propelling market growth, which include technological advancements, shifts in consumer preferences, and regulatory changes across various industries. It also highlights emerging trends that are shaping the industry, providing businesses with the knowledge to stay ahead of the curve.
Regional Insights
The global Genomic Testing Market report provides in-depth insights into various regional markets, presenting a granular analysis of local trends, economic shifts, and cultural influences that affect market dynamics. This regional analysis ensures that businesses can tailor their strategies to fit different geographic locales, maximizing their market reach and efficacy.
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Segmentation Outlook?
The global Genomic Testing Market report segmentation insights break down the market into manageable segments based on type, application, and geography, allowing businesses to focus their efforts on the most relevant and profitable areas.
Market Segmentation Overview:
By Offering:
- System and Software
- Reagents & Consumables
- Services
- DTC Genomic Testing Service
- Sale of genomic data
By Testing Type:
- Sequencing Solution
- DNA Sequencing
- RNA Sequencing
- Methylation Sequencing
- NGS Library Preparation
- Sequencing Data Analysis
- Others
- Microarray Solution
- Human Genotyping with Arrays
- Non-Human Genotyping with Arrays
- Methylation Array Analysis
- Microarray Data Analysis
- Others
By Technology:
- Proteomics
- Pharmacogenomics
- Stem Cell Therapy
- Cloning
By Indication:
- Cancer
- Asthma
- Diabetes
- Hearth Diseases
- Other Indication
By Application:
- Drug Discovery & Development
- Disease Diagnosis
- Agricultural Production
- Others
By End-User:
- Hospitals & Clinics
- Research Centers & Academic Institutions
- Pharmaceutical & Biotechnology Companies
- Others
By Region:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Western Europe
- Asia Pacific
- Malaysia
- Thailand
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
This latest report reflects the commitment to provide the deepest insights and most actionable intelligence available. The global Genomic Testing Market report empowers businesses with the knowledge they need to make informed decisions and drive sustainable growth. In addition, the report is designed for a wide array of stakeholders, including business executives, investors, policymakers, and academic researchers, who will find the data and insights provided to be of exceptional value.
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