Genomics is a branch of molecular biology that deals with the study of genes, chromosomes and their functions. It concerns with analysis and sequencing of individual’s genome for performing genetic mapping for disease diagnosis and treatment. Genomics involves the study of intragenomic processes such as heterosis, pleiotropy, epistasis and the interactions between loci and alleles within the genome. It includes comparative genomics, functional genomics, structural genomics, epigenomics and Pharmacogenomics. Dissection of architectural features of genes and chromosomes is referred to as structural genomics. Characterization of genes and their components encompasses functional genomics. Epigenomics is the study of complete set of epigenetic modifications which plays a vital role in gene regulation and expression. Comparative genomics is the study of evolutionary relationships between the genetic content of different species. Pharmacogenomics includes drug design ways and novel biological targets. Major applications of genomics include genomic anthropology, medicine, biotechnology and social sciences. Driving factors for genomics market include increasing prevalence of fetal diseases such cancer, diabetes and others, increasing approaches for novel genomics techniques and tools, growing geriatric population as ageing is considered as the greatest risk factor for the development of diseases such as cardiovascular and neurological diseases. Introduction of technological advancements such as next negation DNA sequencing, whole genome sequencing and bioinformatics is expected to drive the market at rapid pace.
Product segments include instruments, consumables and services. Application segment consists of drug discovery & development, personalized medicine, diagnostics, academic research and agricultural. DNA microarrays, DNA sequencing, PCR and nucleic acid extraction & purification are major technologies prevalent in the market. Personalized medicine uses individual’s genetic profile for diagnosing, preventing and treating diseases. Personalized medicine market is expected to grow during at a lucrative rate during the forecast period due to its ability to enable early detection of disease, cost effective treatments, patient compliance, drug safety and optimization of treatments.
Genomics market, by application, 2012 - 2014 (USD million)
Globally genomics market is segmented into four major regions namely Europe, North America, Asia Pacific and Row. North America dominated the overall genomics market owing to increasing prevalence of genetic and cardiovascular disorders and growing number of R&D initiatives pertaining to the fields of proteomics and genomics. Large presence of private and public funding organizations is also expected to drive market growth in this region. The Asia Pacific genomics market is expected to grow at a rapid pace due to increasing awareness and adoption of various genomics techniques like DNA sequencing in emerging countries for detection, prognosis and treating various genetic disorders such as cancer, diabetes and others. Some of the key players of this market include Affymetrix, Inc., Agilent Technologies, BGI, GE Healthcare, Bio-Rad Laboratories Inc., Illumina Inc., Qiagen, Life Technologies, Roche Diagnostics, Cepheid and others.
Grand View Research has recently published a detailed report titled “Genomics Market Analysis By Product (Instruments, Consumables, Services), By Application (Diagnostics, Personalized Medicines, Drug Discovery & Development, Academic Research, Agricultural), By Technology (PCR, DNA Sequencing, DNA Microarrays, Nucleic Acid Extraction & Purification) And Segment Forecasts To 2020”. This market research report provides complete estimate and forecast for major market segments on the basis of products, applications and regions. The report also contains detailed industry trends, market dynamics, drivers, restraints and key opportunities. In-depth market analysis such as Porter’s five force model, PESTEL, opportunity prioritization and comprehensive competitive landscape including detailed profiles of top companies are included in the report.
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