WiseGuyReports.Com Publish a New Market Research Report On –“ Genomics in Cancer Care 2019 Global Market Outlook,Research,Trends and Forecast to 2026”.
Genomics in Cancer Care Industry 2019
Genomics has emerged as a promising approach for cancer diagnosis by using personalized medicine. The technology is offering a systematic assessment in a very low-cost. Experts are predicting that it will widely use throughout the world in the near future.
The process involves sequencing the RNA and DNA of a cancer cell and comparing that cancer affected cell with that of a normal human tissue like blood. As a result, scientists able to identify the difference and the effect and cause of cancer. The awareness of genomics among the public will definitely help the industry to grow. The heavy investment in R&D work will fuel the growth in the coming days.
The global genomics in cancer care market size is anticipated to reach USD 14.6 billion by 2025 growing at a CAGR of 17.7% from 2019 to 2025.
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Market Segmentation of the industry
The global market of Genomics In Cancer Care market can be segmented by Product Type, Application, Technology, End-Users, and Regions.The Product Type section includes Instruments, Service, and Consumables. Among them, the instrument section holds the biggest share in the market. The technology segment includes Gene Sequencing, Microarray Nucleic Acid Extraction, and Purification and PCR. The application section includes Diagnostics, Research, Personalized Medicines, and Drug Delivery. The application mainly used for diagnosis purpose. As a result, it holds the largest share of the market.
The End-Users segment includes Research Institutes, Academic Research, and Hospital.Under the End-Users segment, the research institute has the largest share and will remain the same by 2025.
Market Segmentation according to Geography
The geographical segmentation of Genomics in Cancer Care covers the regions like North America, Europe, Asia-Pacific, the Middle East, and Africa (MEA) and Latin America.
Some of the focused countries are Germany, the UK, U.S., Canada, UAE, Saudi Arabia, Singapore, Malaysia, Italy, Spain, France, Belgium, Australia, Korea, Thailand, Philippines, Mexico, Argentina, Japan, India, Russia, Netherlands, China, Indonesia, Brazil and South Africa.
North America region holds the largest share of the market closely followed by Europe region and Indo Pacific. The intensive research and development work, a large number of cancer-patient, and the high volume of expenditure is the primary reason behind the North America lead.
Some of the market leaders in Genomics in Cancer Care industry are Roche Diagnostics, Cancer Genetic Inc., Beckman Coulter, Illumina, Bio-Rad Labs, Affymetrix, GE Healthcare, Agilent Technologies, Luminex, Quest Diagnostics, Pacific Bio-science, Abbott Laboratories, PerkinElmer and Sigma Aldrich Corporation.
IIT, Madras will establish a facility for cancer genomics. The whole Indian population can take advantage of these new facilities.It will be a three-way venture between ICMR, UHFWM, and IIT-M. This will be the first of a kind development in India. They will create an India-specific database which can help the Indian population in an early and fast diagnosis and also recommend the drug best suitable for the disease.
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