Europe Genomics Market Size and Growth Rate:
It was
estimated that the Europe genomics market valued at 4.60 billion USD in 2018, with an average
annual growth of 10.60% between 2019 and 2025, and a turnover of about 10.10
billion dollars in 2025.
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Market @ https://www.researchcosmos.com/reports/europe-genomics-market/51239664
Europe Genomics Market overview:
Gems, the
science of studying the interaction of genomes with different stimuli, have
been at the center of vast research and development activities over the years.
This field provides a clear understanding of the genome and the use of research
to understand the role of gems in the growth and survival of all living
organisms and the importance of technologies that promise better understanding
of interactions with the environment.
Europe Genomics Market Growth Drivers and Restraints:
The growth
of genomics data in research has allowed doctors, biologists and patients to
investigate the genetic predisposition to certain diseases. The clinical
application of this data set is expected to play an important role in
transforming the health system by finding more effective and reliable disease
management solutions. The clinical application of genomics data is at an early
stage, but the health and research communities are trying to effectively
integrate genetic information into clinical workflows. To accelerate the investigation,
the market should grow as governmental, financial and biotechnological
companies grow their investments. International funding organizations like the
NIH and the Welcome Trust are involved in funding genetic research to help
research genomes.
One of the
key factors that should influence the Europe market is the amount and extent to
which the medical community uses the genomic information available in
personalized medicine. Scientists have shown that combining the data generated
by sequencing with diagnostics effectively improves the personalized treatment
environment. However, the lack of specialists, high equipment costs and a lack
of knowledge of genomics could limit the market in the future. The growing
popularity of research institutes and companies and the growing preference for
personalized pharmaceutical products will open new growth opportunities for the
genomics market in Europe.
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Europe Genomics Market Geographical Segmentation:
Developed
regions like Europe are leading the market after North America due to the
abundant availability of resources and the presence of a large number of
companies. Continuous funding of life sciences research by private
organizations and government agencies, development of personalized drugs,
increased investment by academic institutions in the field of genomic research,
the presence of medical facilities, the latest generation and rapid adoption of
the latest car technologies in the Europe market forward the economy. Increased
public investment in research, improved patient awareness and the availability
of sophisticated medical infrastructure have accelerated technological
development in this market.
Key players of the Europe Genomics Market:
Some of
the leading companies in this market include Thermo Fisher Scientific,
Illumina, QIAGEN NV, Agilent Technologies, Eurofins Scientific, GE Healthcare,
BGI, Inc., Oxford Nanopores Technologies, Bio-Rad Laboratories and F.
Hoffmann-La Roche Ltd.
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