Genomics Market Size, Share, Key Developments and Segmentation

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The global genomics market size was valued at USD 28,736.5 million in 2023 and is poised to grow at a significant CAGR of 11.9% during the forecast period 2024-30. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and is further split by nations and categories within each region. The research also includes factors and barriers to the genomics market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.  

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The global genomics market segmentation:
1) By Product Type: Reagents and Kits, Instruments, Software and Services
2) By Technology: Next Generation Sequencing, Polymerase Chain Reaction, Nucleic Acid Extraction and Purification, Microarray, Others
3) By Application: Diagnostics, Drug Discovery and Development, Precision/Personalized Medicine, Others
4) By End User: Pharmaceutical and Biotechnology Companies, Hospitals and Clinics, Academic and Government Institutes, Clinical Research, Others

The primary factors of the genomics market drivers are implementation of artificial intelligence. The genomics market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.

The genomics market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the genomics market report, accounting for the highest share in 2023. It was followed by Asia Pacific, and then the other regions.

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The important profiles and strategies adopted by the genomics market key players are Illumina, Inc., Thermo Fisher Scientific, QIAGEN N.V., Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories, Inc., Eurofins Scientific, MGI Tech Co., Ltd., MERCK KGAA, PROMEGA CORPORATION, 10x Genomics, 23andMe, Inc is covered here to help them in strengthening their place in the market.

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