Market Overview

Global Genomics Market 2018-2022 | Popularity of Personalized Medicine to Boost Demand | Technavio


analysts forecast the global genomics market to grow at a CAGR of close
to 11% during the forecast period, according to their latest
market research report.

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Technavio has published a new market research report on the global genomics market from 2018-2022. ( ...

Technavio has published a new market research report on the global genomics market from 2018-2022. (Graphic: Business Wire)

The increasing popularity of personalized medicine is one of the major
trends being witnessed in the global
genomics market 2018-2022
. Personalized medicine is modifying
medical treatment because it is based on the individual characteristics
of each patient. Personalized medicine is a multi-faceted method to
patient care, which improves the capacity to diagnose and treat
diseases, as well as offers the potential to distinguish disease at an
early stage when it is easier to treat effectively.

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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global genomics market is the rise in vaccines

Global genomics market: Rise in vaccines

Vaccines are beneficial for the prevention of infectious diseases such
as diphtheria, hepatitis B, and measles. Vaccination is one of the most
cost-effective and successful strategies for precaution against various
diseases. It is the best way of preventing the spread of seasonal
influenza, which is highly unpredictable.

According to a senior analyst at Technavio for research on life science
research tools, "In the recent past, the global vaccine market
witnessed growth, owing to the increasing awareness about the importance
of immunization. For instance, the National Immunization Program
organized by the World Health Organization aims at preventing disease,
death, and disability by providing vaccination against diseases.
Vaccines used in universal programs are highly effective in targeting,
controlling, and eliminating illness. Thus, the rising awareness along
with increasing investments by companies and a rise in an outbreak of
diseases such as pandemic influenza has resulted in increased production
of devices."

Global genomics market: Segmentation analysis

The global genomics market research report provides market segmentation
by product (products and services) and by region (the Americas, EMEA,
and APAC). It provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

Of the two major products, the products segment held the largest market
share in 2017, contributing to over 55% of the market, owing to the
growing need to produce new drugs against the increasing prevalence of
chronic illnesses.

The Americas held the largest share of the market in 2017, accounting
for around 41% share. It was followed by EMEA and APAC respectively. The
growth in the region can be due to the increasing number of research
studies assessing genetic anomalies to discover new therapies for
disease such as cancer.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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