Genomics Market Share , Size , Analysis , Growth , Trends and Forecasts to 2024 | Hexa Research
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Genomics Market Share , Size , Analysis , Growth , Trends and Forecasts to 2024 | Hexa Research
" Increasing usage of novel genomics techniques and tools , evaluation of their benefit to patient outcome and focusing on steps to implement it and rising genome profiling technologies are expected to grow the genomics market at the rapid speed ."
The global Genomics Market is propelled by the introduction of novel technologies that utilize genomic information in disease research . It helps researchers comprehend the genetic bases of drug responses & diseases . Favorable government reimbursement policies coupled with high incidence of lifestyle diseases , such as diabetes & cancer and are key industry drivers . Popularity of genome profiling technologies and widespread use of innovative genomics tools & techniques can fuel market demand over the forecast period ( 2016 - 2024 ). Genomics is that aspect of biology that deals with bioinformatics , DNA , and DNA sequencing to analyze , assemble , and sequence the structure & function of genomes . Genomes refer to the entire DNA set in a single cell of an organism .
The worldwide Genomics Market is systematically categorized on the basis of products , applications , technologies , and regions . Instruments , services , and consumables are the three key product segments . With a nearly 60 % share , consumables dominated the industry in 2013 . This segment is expected to grow at a CAGR surpassing 11 % during the forecast period . Popularity of genomic testing in a host of commercial applications is a key driver of this segment .
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