North
America Genomics Market Size and Growth Rate:
According to the
Research Report, the North America Genomics Market Size was valued at USD
5.5 Billion in 2018 and was Expected to Reach USD 8.74 Billion by 2025 with a
CAGR of 9.7% during the forecast period 2019-2025.
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120 Pages of Research Report developed on North America Genomics Market @ https://www.researchcosmos.com/reports/north-america-genomics-market/26856198
North
America Genomics Market Overview:
Genomics market in North America is really
doing well with substantial growth opportunities from the past decade and is
also deemed to continue the same growth in the forecast period. Genomics is a
study of all characterization and quantification of organism genes and also
study regarding the roles in inheritance and individual genes. The selected
organism will involve in sequencing of DNA, assembly of that structure with the
related one to represent original chromosome and then analyzing the
representation.
North
America Genomics Market Growth Drivers and Restraints:
The advanced technologies have turned out
to improve the analysis of the genes with the representation of structures with
entire chromosomes. The performance of the genomes will be based on the
sequencing technologies. Attaching annotations into sequence by identifying
portions of the genome and other biological element information makes the
genome annotation more perfect.
The enormous growth in the applications of
genomics is a key driving factor for the market to grow in North America. Additionally,
the rise in the projects in accordance with the genomics and also increased
competition between the players in the market is leveling up the demand of the
market.
However, the equipment needs high cost for
installation and also for maintenance, which is certainly a declining factor
for the market growth. Lack of standardization and less knowledge regarding the
applications are also restraining the demand in the regional market.
The rise in the support from the government
through funding is greatly impacting towards the growth opportunities for the North
American market. The acceptance of advanced technology is influencing positive
growth on the market where the introduction innovative products are the main
factor in forwarding the demand.
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North
America Genomics Market Geographical Segmentation:
Regionally, the market in North America is
growing with certain supporting factors. North America is witnessed to highest
growth rate in genomics market, owing to adoption of latest technological
advancements and also launch of various applications in this region. The
decreasing sequencing costs in the North America arealso ascribed to fuel the
growth of the market. With the rise in the awareness, there is a lot of
improvement in sequencing the structure of the DNA that helps to analyze more
accurately, which is lavishing the growth of the market in this region.
Key
Players of the North America Genomics Market:
Some of the most important players in the
genomic market are Thermo Fisher Scientific, Inc., Illumina, Inc., QIAGEN N.V.,
Agilent Technologies, Inc., Eurofins Scientific, BGI, GE Healthcare, Bio-Rad
Laboratories, Inc., F. Hoffmann-La Roche Ltd., and Oxford Nanopore
Technologies.
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