Market Research Insights

What is Genomics – Genomics is that part of biology which deals with all the operations on genomes, such as finding out information about its structure, function and evolution, along with mapping and editing it. So basically, it aims at the collective characterization and quantification of all of an organism’s genes, their interrelations and influence on the organism. Before diving deep into the sea of know-hows of genomics, lets just have a brief swim in the market value of the genomics.  Genomics market   is one of those upbeat markets that grows year-on-year with one of the highest growth rates. According to a market research company, Grand View Research, Inc., this market was valued at USD 20.1 billion in 2020 and is expected to grow at CAGR of 15.35% from 2021 to 2028. These numbers speak volumes about the potential this market holds. Now the question arises, why it holds such a potential and what is it exactly? Genomics – What & Why? To understand genomics as a subject, we ne

  San Francisco, 23 March 2021:   The Report  Genomics Market  Size, Share & Trends Analysis Report By Application & Technology (Functional Genomics, Pathway Analysis), By Deliverable (Products, Services), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global genomics market size is expected to reach USD 62.9 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 15.35% from 2021 to 2028. A rise in the demand for the solutions to catalog vast genomic information into a usable form and to utilize it in clinical workflows is expected to drive the market. This has also led to an increase in the market competition, coupled with the development of breakthrough genomic technologies by Veritas Genetics, 23andMe, and other key players. In August 2020, Ancestry launched a new next-generation sequencing-based tool to screen genes linked to blood disorders, colon cancer, heart diseases, and breast cancer. This product,