Middle
East and Africa Genomics Market Size and Growth Rate:
Genomics market is promised to have steady
pace during the forecast period. In Middle East and Africa (MEA), the market is
expected to reach USD 2.17 billion by 2023 and to grow at a CAGR of 11.29%.
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Middle
East and Africa Genomics Market Overview:
Genomics is a study of DNA which deals with
the genetic of micro organisms. In health care institutes the study of DNA is essentials
which are very helpful for diagnosing. Genomics focus on the complete set of DNAs
along with structure, function, evolution and mapping.
The development of high throughput
sequencing technologies enhances the process productivity by producing
thousands of sequences at once. Gene by gene method is traditional approach in
the field of functional genomics where they focus on the dynamic aspects such
as gene transcription and translation. Rather than focusing on one particular
approach structural dynamics seeks to evolve in 3 dimensional structure of
protein by genomes.
Middle
East and Africa Genomics Market Growth Drivers and Restraints:
The rise in the applications of genomics in
life sciences technology for research and to ensure the efficiency in
functionalities is majorly propelling the demand of this market. The decrease
in the cost of sequencing is also boosting up the growth of the market in
Middle East and Africa.
However, lack of skilled persons in dealing
with the genomics is slightly hampering the growth of the market. The
equipments in this field are bit expensive which is also lagging the demand of
the genomics market.
Emerging of latest technologies and
introduction of innovative techniques in the area of genomics to ease the
procedures in sequencing the DNA is lavishing the growth opportunities for the
market. Another chance for the MEA market is depended on the rise in the
projects with huge investments by government.
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Middle
East and Africa Genomics Market Geographical Segmentation:
Regionally, the increased research and
institutes which are dealing with the genetics of microorganisms is
accelerating the demand of the market in the MEA. With the growth in the number
of genomics projects across the region is also substantially fueling the growth
of genomics market in Middle East and Africa. Government has changed its policy
and introducing new schemes in favor to the industries and also raised the
investments on the health care centers, which are also influencing the positive
growth of the market.
Key
Players of the Middle East and Africa Genomics Market:
Some of the prominent players in genomics
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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