North America Genomics Market

The North America Genomics Market was worth USD 4.77 billion in 2016 and estimated to
be growing at a CAGR of 9.7%, to reach USD 7.58 billion by 2021. Genomics, the science of
studying genomes and their interaction with a variety of stimuli, has been the focus of
extensive research and development activities in the few years. The field has witnessed a
significant rise in technologies that promise a better understanding of genomes and their
interaction with the environment and tools that use research results to understand the role
played by genomes in the growth and survival of all organisms. It finds its application in
various fields such as genomic medicine, biotechnology, anthropology and other social
sciences.
One of the major drivers of the North American market is the availability of abundant funds
and the presence of a large number of companies undertaking research in the field of
molecular biology. Genomics is being extensively used in pharmaceutical industries to
develop new classes of drugs. There has a rise in the demand for genetically modified plants
and animals due to which there has been a surge in the market. With genomics being used
in various industries the market growth is expected to boost during the forecast period.
However, the high cost of genomic instruments is likely to restrain the growth of the market
during the forecast period.
The report segments the market based on product, technology, process, application and
end user. The various product segments of the genomics market include
instruments/systems, consumables, and services. The consumables segment is expected to
account for the largest share of the genomics market. This is attributed to factors such as
repeated usage of consumables for the genomic experiments, increasing research programs
by academic institutes and non-profit organizations. The market by technology is segmented
into Sequencing, Microarray technology, PCR, Nucleic acid extraction and other
technologies. Based on the various application areas of genomics, the report segments the
market into diagnostics, drug discovery & development, personalized medicine, and
agriculture & animal research, among others. The market by process is segmented into the
library preparation, sequencing & imaging, and data analysis. Based on the end users the
genomics market is segmented into research centres, academic institutes, & government
institutes; hospitals & clinics; and pharmaceutical & biotechnology companies, among
others. The research centres, academic institutes, and government institutes segment
accounted for the largest share of the market, by end user. This largest share is attributed to
the increasing research initiatives and projects in the area of genomics worldwide. On the
basis of geography, the market is analysed under various regions namely U.S.A and Canada.
North America is a major market due to increasing R&D projects taken up by various
companies.
Market Segmentatio:
1 Product
1.1 Introduction
1.2 Instruments/systems