SAN FRANCISCO, August 13, 2018 /PRNewswire/ --
The global genomics market size is expected to reach USD 27.6 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 9.7% during the forecast period. Over the past few years, there have been significant changes in disease management processes due to simultaneous
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Results from genomic studies enable a better understanding of diseases and underlying mechanisms for researchers, physicians, and consumers. This facilitates evidence-based decision-making and thus, helps improve personalized treatment regime. In addition, technological advancements in data analysis tools are motivating healthcare community to create precision-based therapies from surplus, available DNA data.
Advancements in genomics and associated technologies are significantly impacting crop genetics. Technological advancements in sequencing facilitate genomes & transcriptomes sequencing for several crops. Although a reference genome exists for several crops, resequencing and gene expression studies are required for in-depth study of key genes contributing to desired trait. Implementation of this information in crop breeding helps in development of advanced crops.
Companies are involved in strategic alliances with global as well as local entities to boost their revenue generation and enhance their share in the market. For instance, in March 2017, Foundation Medicine collaborated with Bristol-Myers Squibb Company. Through the collaboration, the latter was able to deploy former's molecular information solutions and comprehensive genomic profiling for identification of predictive biomarkers, such as Microsatellite Instability (MSI) and Tumor Mutational Burden (TMB), to accelerate its immunotherapy clinical trials. Such initiatives are aimed at increasing the adoption of genomic information in cancer management.
Browse full research report with TOC on "Genomics Market Size, Share & Trends Analysis Report By Application & Technology (Functional Genomics, Pathway Analysis, Biomarker Discovery, Epigenetics), By Product & Service, By End Use, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/genomics-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global genomics market on the basis of product & service, application & technology, end-use, and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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SOURCE Grand View Research, Inc.
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