Genomics Market Business Segmentation by Revenue, Present Scenario and Growth Prospects 2030

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Genomics Market is set to demonstrate a substantial upswing of a CAGR of 19.40% during the forecasted period of 2021 to 2030. The Genomics Market was valued at USD 23.5 billion in 2021 and is estimated to display a significant improvement to reach USD 137.16 billion by 2030.

The study of individual organisms' genomes is covered under the branch of genetics known as genomics. Fine-scale genetic mapping projects and extensive efforts to discover the complete DNA sequence of organisms are both included in this field. The field also includes research on intragenomic phenomena such as pleiotropy (when a single gene influences multiple phenotypic traits), epistasis (where the effects of one gene are modified by one or more other genes, sometimes referred to as modifier genes), heterosis (outbreeding enhancement), and other interactions between loci and alleles within the genome.

The application of artificial intelligence (AI) in genomics focuses on the creation of computer systems that are capable of carrying out tasks like genome mapping. Additionally, AI makes it possible to investigate genetic material's structure, evolution, and function more quickly than with human interaction. While clinical genomics is designed to perform genomic analysis, which includes genome annotation, variant calling, phenotype-to-genotype correspondence, and genome annotation, the primary goal of AI algorithms is to emulate human intelligence. Furthermore, with minimal feature hand-crafting, AI techniques can directly predict DNA or protein structure. The field of customised medicine greatly benefits from the uses of genomics. AI can speed up the production of medications in this area.

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Genomics Market: Segmentation Analysis

Genomics Market based on Products and Services

Among the deliverable’s segment the products category was dominant factor with a revenue share of 69.3%.

Products

  • Instruments/Systems/Software
  • Consumables Reagents

Services

  • NGS-based Services
  • Core Genomics Services
  • Biomarker Translation Services
  • Computational Services
  • Others

Genomics Market by Application Technology:

Of all types of applications and technologies, functional genomics held the largest share in terms of revenue, a share of 32% in the global market. Following functional genomics, the Real-time PCR was a dominant revenue generator of the market.

Functional Genomics

  • Real-time PCR
  • Transfection
  • SNP Analysis
  • Mutational Analysis
  • Microarray Analysis
  • RNA Interference

Pathway Analysis

  • Microarray Analysis
  • Bead-based Analysis
  • Proteomics Tools (2-D PAGE; yeast 2-hybrid studies)
  • Real-time PCR

Biomarker Discovery

  • DNA Sequencing
  • Microarray Analysis
  • Real-time PCR
  • Mass Spectrometry
  • Statistical Analysis
  • Bioinformatics

Epigenetics

  • Bisulfite Sequencing
  • Microarray Analysis
  • Chromatin Immunoprecipitation (ChIP ChIP-Seq)
  • Methylated DNA Immunoprecipitation (MeDIP)
  • High Resolution Melt (HRM)
  • Chromatin Accessibility Assays
  • Others

Top Key Players:-

  • Thermo Fisher Scientific
  • QIAGEN N.V.
  • Agilent Technologies, Inc.
  • Hoffmann-La Roche Ltd.
  • Bio-Rad Laboratories, Inc.
  • Oxford Nanopore technologies
  • Danaher corporation
  • BGI (Beijing Genomics Institute)
  • IntegraGen
  • GE HEalthcare
  • Pacific Bioscience of california, Inc
  • Quest Diagnostics
  • Myriad Genetics, Inc.
  • Eppendorf AG
  • Eurofins Scientific

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Frequently Asked Questions (FAQ):

  1. What is the forecast for the AI in genomics market in 2030?
  2. What is the key application in the AI in genomics industry?
  3. How did COVID-19 impact the AI in genomics market?
  4. Which region holds the largest AI in genomics industry share?
  5. Which is the most-significant development in the AI in genomics market?

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