Genomics is the
study of the genetic material or genomes of an organism. It is expected to be a
strong basis for the discovery and development of diagnostic and therapeutic
solutions for a range of human diseases or health conditions. Genomics is
supported by three major product segments: Instruments, Consumables, and
Services. The key end-users of such products include the Diagnostics market,
academic and research institutions, and the Pharmaceutical industry.
Analysts forecast
the Global Genomics
market will grow at a CAGR of
11.21 percent over the period 2013-2018.
The Report
recognizes the following companies as the key players in the Global Genomics
Market: F. Hoffmann-La Roche Ltd., Illumina Inc., Life Technologies Corp. and
Qiagen NV.
Other Prominent
Vendors in this market are Affymetrix, Agilent Technologies, BGI,Bio-Rad
Laboratories, Biotage, Caliper Life Sciences, Cepheid, Cytocell, Enzo
Biochem, Exiqon, GE Healthcare, Genisphere, Genomatix Software,
Gen-Probe, Harvard Bioscience, Luminex
One of the emerging
trends I the market is the increasing demand for genomics products from the
Asia Pacific (APAC) region. The Diagnostics industry, in countries such as
China and India, is expected to generate high demand for genomics solutions,
thereby contributing to market growth.
Covered in this Report
This report covers
the present scenario and the growth prospects of the Global Genomics market for
the period 2014-2018. To arrive at a ranking of the leading vendors of the
market, and to calculate the market size, the report considers the revenue
generated by vendors through the sales of instruments, consumables, and
services for genomics. It also presents the vendor landscape and a
corresponding detailed analysis of the top four vendors in the Global Genomics
market. The report also provides data on the different segments of the Global
Genomics market, which are based on the following criteria: product, end-user,
and geography. In addition, the report discusses the major drivers that
influence the growth of the market. It also outlines the challenges faced by
the vendors and the market at large, as well as the key trends that are
emerging in the market.
Global Genomics
Market 2014-2018, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the Americas and EMEA and APAC
regions.
According to the
report, the most important driver of the market is an increase in the demand
for consumables. The growing adoption of genetic testing for various
applications, especially in regions such as the APAC, and an increase in
genetic testing volumes in North America and Western Europe is increasing the
demand for consumables.
Further, the report
states that one of the major challenges that the market confronts is the high
Research & Development (R&D) costs involved in the development and
commercialization of instruments and consumables for genomics research. Such
high R&D costs could limit the growth of smaller vendors that intend to
capture greater market share through innovation.
