The global genomics market is anticipated to grow at a considerable CAGR of 15.3% during the forecast period. The key factors that are contributing to the market growth are key players operating in the market are adopting various strategies such as acquisition, mergers, new product launches, and other are such factors that assist in market growth. For instance,
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- In February 2022, Intellia Therapeutics, Inc., has acquired Rewrite Therapeutics, Inc., for the further expansion of Intellia's industry-leading genome editing toolbox with the addition of CRISPR/Cas9 and base editing technologies to make precisely targeted changes to DNA for new possibilities and the potential to target diseases.
- In April 2021, the Biden administration has invested $1.7 billion to improve the detection, monitoring, and mitigation of SARS-CoV-2 variants and also for building infrastructure for future genomic sequencing. This funding is made to expand the capacity for genomic sequencing, with additional future funding to follow that will reach $1 billion.
- In December 2020, AstraZeneca has acquired Alexion Pharmaceuticals, Inc., to build combined expertise in immunology and precision medicines to accelerate innovation and deliver enhanced value for shareholders, patients, and the rare disease communities.
- In June 2020, Merck and 10x Genomics, Inc., developed a new option for biological experiments with barcode technology to screen single cells using CRISPR libraries. Under this collaboration, companies are innovating two new technologies such as single cell transcriptomics and pooled CRISPR screening under the 10x Compatible Partnership Program.
Global Genomics Market Report Segment
By Deliverable
- Product
- Services
By Technology
- Sequencing
- PCR
- Nucleic Acid Extraction and Purification
- Microarray
- Other
By Application
- Drug Discovery and Development
- Diagnostics
- Agriculture and Animal Research
- Other
By End-User
- Hospitals & Clinics
- Academic and Research Centers
- Pharmaceutical & Biotechnology Companies
- Other
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Genomics Market– Segment by Region
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- 23andMe
- Agilent Technologies, Inc.
- BEX CO.,LTD.
- Bio-Rad Laboratories, Inc.
- BGI
- Color Health, Inc.
- DEEP GENOMICS
- DNA and U
- Eppendorf SE
- Hoffmann-La Roche Ltd.
- General Electric Co.
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