The International Genomics Market has revealed a growth projection of 16.8% CAGR during the forecast period and an estimated evaluation of USD 17,313 million by 2023. Identified challenges for this market include the high cost associated with the treatment and the lack of physicians qualified to provide genomics treatments.
The Genomics Industry is one that has emerged in the past few years, carrying with it a massive potential. With the global statistics for obesity, lifestyle diseases and the ever increasing demand for effective cosmetic treatments, nutrigenics has risen up as a potential treatment option.
Key players for Global Genomics Market:
WellGen Inc. (US),
Metagenics, Inc (US),
Genomix Nutrition, Inc. (US),
XCODE Life Sciences Pvt. Ltd. (India),
Cura Integrative Medicine (Australia)
Global Genomics market has been segmented on the basis of products, techniques and application. On the basis of products, the market is categorized into reagents & kits, services. On the basis of techniques, the market is segmented into saliva, buccal swab, blood, others. On the basis of application the market is segmented into obesity, diabetes, anti-aging, chronic diseases.
Get Exclusive Sample Copy @ https://www.marketresearchfuture.com/sample_request/4009 .
Neutrigenomics is the study of interaction of nutrient and genes. It studies the effect of food and their constituents on the genes. The major factors contributing for the growth of the market are rising diabetic and obese population, increasing applications in dermatology, and increasing demand for the advanced diagnostic methods. According to the International Diabetes Federation (2016), 420 million adults were suffering from diabetes which is expected to reach 625 million by 2040. Further, as per the World Health Organization (2014), more than 600 million adults were obese and 1.9 billion adults, were overweight. Moreover, increasing healthcare expenditure, and government support for research & development has fueled the market growth. However, high cost of treatment and need of well qualified physicians may restrain the growth of market.
Global Genomics Market Regional Analysis:
A regional assessment of the global market includes the Americas, Europe, Asia Pacific (APAC) and Middle East & Africa.
The Americas currently have the largest regional market segment, largely owing to the region’s inclusion of developed economies such as U.S. and Canada. These countries have swiftly adopted the latest technolgy and have a high occurence of patients suffering from lifestyle diseases such as diabetes. This region also has a high percentage of obesity. The market carries a wide scope in this region due to these factors and the region is expected to hold it’s lead during the forecast period.
Europe follows closely behind the Americas, due to a similar growth pattern. A strong adopton of technology, a well-developed healthcare & medical research sector and a prevelance of lifestyle diseases has made this the second largest regional market segment globally. Europe is expected to grow at 17% CAGR during the forecast period.
Asia Pacific is projected to grow rapidly during 2017 – 2023, this is owing to the increasing awareness of health and treatments, increased spending on healthcare and a demand for holistic treatments. APAC’s Genomics market share is expected to grow at 17.1 CAGR during the forecast period.
Middle East and Africa are expected to witness restrained growth due to the presence of the African continent where malnutrition and poverty are commonplace. However, growth is expected for the Middle East due to the developed countried in this area such as Qatar and U.A.E experienceing a rise in obesity and lifestyle diseases.
MAJOR TABLE OF CONTENTS FOR Genomics Market Research Report – Global Forecast till 2023
1 Report Prologue
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Genomics Market, by Products
7 Global Genomics Market, By Techniques
8 Global Genomics Market, By Applications
9 Global Genomics Market, by Regions
10 Company Analysis
Get Discount @ https://www.marketresearchfuture.com/check-discount/4009 .
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Phone: +1 646 845 9312