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IMARC Group, a leading market research company, has recently releases report titled “United States Genomics Market Report by Component (Products, Services), Technology (Sequencing, Microarray, Polymerase Chain Reaction, Nucleic Acid Extraction and Purification, and Others), Application (Functional Genomics, Epigenomics, Biomarkers Discovery, Pathway Analysis, and Others), End User (Research Centers, Hospitals and Clinics, Pharmaceutical and Biotechnology Companies, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the United States genomics market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the United States Genomics Market?
The United States genomics market size is projected to exhibit a growth rate (CAGR) of 19.60% during 2024-2032.
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United States Genomics Market Growth:
The United States genomics market is primarily propelled by the ongoing technological advancements in genomic sequencing techniques, such as the introduction of next-generation sequencing (NGS), which have significantly reduced the cost and time required for genome analysis.
Furthermore, the escalating adoption of NGS across various applications, including clinical diagnostics, drug discovery, and personalized medicine, is also contributing to the growth of the market across the country. Additionally, the rising cases of various chronic ailments like cancer, diabetes, and cardiovascular disorders are augmenting the demand for genomic testing and personalized treatment options, which is further driving the market growth.
United States Genomics Market Segmentation:
Breakup by Component:
- Products
- Instruments and Software
- Consumables and Reagents
- Services
- Core Genomics Services
- NGS-Based Services
- Biomarker Translation Services
- Computational Services
- Others
Breakup by Technology:
- Sequencing
- Microarray
- Polymerase Chain Reaction
- Nucleic Acid Extraction and Purification
- Others
Breakup by Application:
- Functional Genomics
- Epigenomics
- Biomarkers Discovery
- Pathway Analysis
- Others
Breakup by End User:
- Research Centers
- Hospitals and Clinics
- Pharmaceutical and Biotechnology Companies
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
United States Genomics Market Trends:
Apart from this, the expanding applications of genomics beyond healthcare are also propelling the growth of the United States genomics market. Industries, such as agriculture, biotechnology, and forensic science are increasingly leveraging genomic technologies for purposes like crop improvement, genetic engineering, and forensic identification. Moreover, the growing initiatives by government bodies and funding for genomics research and precision medicine initiatives are providing significant growth opportunities to the market.
Additionally, the emergence of direct-to-consumer genetic testing services is democratizing access to genomic information and empowering individuals to understand their genetic predispositions and make wise decisions regarding their health and lifestyle. This, in turn, is expected to further stimulate the growth of the United States genomics market in the coming years.
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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