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Genomics in Cancer Care Market

Genomics in Cancer Care Market

Genomics in Cancer Care Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

167

Base Year:

2021

Date

Feb - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1285

Segments Covered
  • By Product Instruments, Consumables, Services
  • By Application Diagnostics, Personalized Medicine, Drug Discovery & Development, Research
  • By Technology Genome Sequencing, PCR, Microarrays, Nucleic Acid Extraction & Purification, Other
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 12.1 Billion
Revenue 2028Revenue 2028: USD 40.5 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 16.1%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Genomics in Cancer Care Market Share

Market Synopsis:

Global Genomics in Cancer Care market is valued at USD 12.1 Billion in 2021 and is projected to attain a value of USD 40.5 Billion by 2028 at a CAGR of 16.1% during the forecast period, 2022–2028. In the next years, the market is likely to develop due to rising demand for diagnostics and the availability of technologically improved and cost-effective diagnostic technology. The expansion of genomics in the cancer care market is attributed to rising investments in the biotech and pharmaceutical industries, as well as increased R&D activities for the development of novel treatment treatments. Furthermore, over the projection period, rising need for personalised medication is expected to drive demand.

In the most hopeful scenario, the COVID-19 pandemic would have a long-term positive impact on the global Genomics in Cancer Care business. In early 2020, the COVID-19 pandemic had a detrimental impact on the Genomics in Cancer Care market, as most dental offices, clinics, and laboratories were forced to close due to lockdowns and quarantine regulations in many regions of the world. However, most regions, particularly North America and Europe, are recovering as laboratory services has return to normalcy.

Supportive Government Policies

Genomics in Cancer Care Market Size, 2021 To 2028 (USD Billion)

The market is fueled by government regulations that favour synthetic biology. Investors have moved their focus to synthetic biology in recent years as demand for the technology has grown. By 2020, the synthetic biology field will have received around USD 8 billion in governmental and private funding. In terms of fresh growth potential, the ongoing COVID-19 epidemic has been beneficial to the market. Scientific communities are researching uncharted territory in the space, resulting in increased revenue. Researchers at the National Institute of Standards and Technology (NIST), for example, have created synthetic COVID-19 viral gene segments to aid diagnostic developers in developing more reliable and accurate diagnostic tests for the disease.

Long Approval Time

Long approval times for Genomics in Cancer Care and the goods synthesised with these products limit product producers' ability to gain a competitive advantage in the market, reducing total market size and so posing a hurdle to the Genomics in Cancer Care market's growth.

Also, the high cost associated with genomics equipment may create hindrances in the growth of the genomics in cancer care market in the forecast period.

The Genomics in Cancer Care market scope can be tabulated as below:

Market Segmentation:

The Genomics in Cancer Care Market is segmented by Product Type, Application, Technology, and Geography. By product type, the market is segmented into Instruments, Consumables, Services. By technology, the market is segmented into PCR, Microarrays, Genome Sequencing, and Others. By Application into Diagnostics, Personalized medicine, Drug discovery & development and Research. Based on Region, the Genomics in Cancer Care Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Below tree is interactive. You can click the nodes to get more information.

North America to Continue Dominating the Genomics in Cancer Care Market

In terms of sales, North America dominated the industry in 2020, accounting for about 33.6% of the total. The greatest market share of this region is due to a higher level of awareness regarding cancer genomics and a burgeoning biotechnology industry. The thriving genomics industry, combined with the presence of untapped potential, government assistance, and continuously growing healthcare infrastructure, is likely to drive significant growth in Asia-Pacific throughout the projection period.

Key Players:

Key participants operating in the Genomics in Cancer Care market are: Agilent Technologies, Illumina, Inc., Pacific Biosciences, Inc., ThermoFisher Scientific Inc., Intrexon Bioinformatics Germany GmbH are the major companies operating in Global Genomics in Cancer Care Market.

The Genomics in Cancer Care market is segmented as follows:

Parameter Details
Segments Covered
  • Product (Instruments, Consumables, Services)
  • Application (Diagnostics, Personalized Medicine, Drug Discovery & Development, Research)
  • Technology (Genome Sequencing, PCR, Microarrays, Nucleic Acid Extraction & Purification, Other)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Agilent Technologies
  • Illumina Inc.
  • Pacific Biosciences Inc.
  • ThermoFisher Scientific Inc.
  • Intrexon Bioinformatics Germany GmbH are the major companies operating in Global Genomics in Cancer Care Market.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Genomics in Cancer Care Market Projected to Reach USD 40.5 Billion by 2028
The Global Genomics in Cancer Care Market is expected to reach USD 40.5 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 16.1% from 2022 to 2028. The increased prevalence of cancer coupled with the development of diagnostics and therapeutics procedures is anticipated to augment th...
FAQ
Frequently Asked Question
  • The global Genomics in Cancer Care valued at USD 12.1 Billion in 2020 and is expected to reach USD 40.5 Billion in 2028 growing at a CAGR of 16.1%.

  • The prominent players in the market are Agilent Technologies, Illumina, Inc., Pacific Biosciences, Inc., ThermoFisher Scientific Inc., Intrexon Bioinformatics Germany GmbH are the major companies operating in Global Genomics in Cancer Care Market..

  • The market is project to grow at a CAGR of 16.1% between 2021 and 2028.

  • The driving factors of the Genomics in Cancer Care include

    • Supportive Government Policies

  • North America was the leading regional segment of the Genomics in Cancer Care in 2020.