Europe Genomics Market

Europe Genomics Market is projected to reach a market value of USD 7.54 Billion by 2023.
Europe Genomics Market was valued at USD 4.77 Billion. By the year 2023, it is expected to
reach USD 7.54 Billion at pace of 9.6% CAGR.
Genomics is the study of the genetic material or genomes of an organism. It helps to identify
genetic diseases, discovery of new drugs, and development of diagnostic and therapeutic
solutions. It has different techniques which are used to analyze and decode the genomes such
as data analysis and interpretation, sampling, and sequencing techniques. Genomics is
comprised of comparative genomics, structural genomics, pharmacogenomics, epigenomics,
and functional genomics.
Europe Genomics Market Drivers and Restraints:
The growth for Genomics Market is driven due to factors like increasing use of genomics
concepts in the field of synthetic biology, to study gene sequences of plants and living
organisms, rising demand for genetically modified animals and plants which are constantly
reducing prices of genetic procedures, rising application in diagnostics for genomic sequencing,
increasing investments for R&D activities by government & private organizations. However,
high cost of genomic instruments, and strict regulatory policies are the restraining factors which
is expected to hinder the growth rate for Europe Genomics Market during the forecast period.
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Market Segmentation:
Product
Instruments/systems
Consumables
Services

Process
Library prepration
Sequencing and imaging
Data Analysis
Technology
Sequencing
Microarray technology
PCR
Nucleic Acid Extraction and Purification
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Market Geographic Segmentation:
Based on geography the Europe Genomics Market has been primarily divided into United
Kingdom, France, Spain, Italy and Germany. Europe holds the second largest market share in
the Genomics Market during the forecast period.
Market Key Players:
Leading companies for Europe Genomics Market are Affymetrix, Inc., Agilent Technologies, BGI,
Bio-Rad Laboratories Inc., GE Healthcare, Illumina Inc., Qiagen, Roche Diagnostics, Life
Technologies, and Cepheid.
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