Overview:

Genomics is the study of the genetic material or genomes of an organism. It helps to identify genetic diseases, discovery of new drugs, and development of diagnostic and therapeutic solutions. It has different techniques which are used to analyze and decode the genomes such as data analysis and interpretation, sampling, and sequencing techniques. Genomics is comprised of comparative genomics, structural genomics, pharmacogenomics, epigenomics, and functional genomics.

In the year 2018, Europe Genomics Market was valued at USD 4.77 Billion. By the year 2023, it is expected to reach USD 7.54 Billion at pace of 9.6% CAGR.

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Underlying Causes

The growth for Europe Genomics Market is driven due to factors like increasing use of genomics concepts in the field of synthetic biology, to study gene sequences of plants and living organisms, rising demand for genetically modified animals and plants which are constantly reducing prices of genetic procedures, rising application in diagnostics for genomic sequencing, increasing investments for R&D activities by government & private organizations. However, high cost of genomic instruments, and strict regulatory policies are the restraining factors which is expected to hinder the growth rate for Europe Genomics Market during the forecast period.

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Geographic Segmentation:

Based on geography the Europe Genomics Market has been primarily divided into United Kingdom, France, Spain, Italy and Germany. Europe holds the second largest market share in the Genomics Market during the forecast period.

Key Players:

The Main Key Players for Europe Genomics Market are Affymetrix, Inc., Agilent Technologies, BGI, Bio-Rad Laboratories Inc., GE Healthcare, Illumina Inc., Qiagen, Roche Diagnostics, Life Technologies, and Cepheid.

Contact Information:

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Organization: MarketDataForecast™
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