London, 17 September 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Genomics Market in the US 2014-2018.
Genomics is an important aspect of genetics and molecular biology that focuses on the study of the structure, function and mapping of genomes. With consistent advances in genomics technology and products, the demand for genomics in the US is growing gradually.
As an emerging healthcare market, it is expected to grow at a CAGR of 7.28 percent from 2014-2018. The latest report by TechNavio highlights the increased prevalence of chronic diseases that has resulted in growing demand for improved tools and systems for disease diagnostics and drug discovery. Some of the key end users include:
- Pharmaceutical and Biotechnology Companies
- Healthcare Research Laboratories
- Diagnostic Laboratories
“Bioinformatics is becoming huge, and spurring on the growth of the genomics market in the US. Increasing government support in this sector is leading to the development of new and better tools for collecting data, and forming databases to help track health and wellbeing across different sections of the population,” says Faisal Ghaus, Vice President of TechNavio.
You may also enjoy: Better Drug Discovery and Delivery through Genomics
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Advances in Technology
- For a full detailed list, view our report.
Market Challenges:
- Intense Competition among Vendors
- For a full detailed list, view our report.
Market Trends:
- Focus on Drug Discovery and Disease Diagnosis
- For a full detailed list, view our report.
Key Vendors:
- Bio-Rad Laboratories Inc.
- F. Hoffman-La Roche Ltd.
- Illumina Inc.
- Qiagen NV
- Thermo Fisher Scientific Inc.
Other Prominent Vendors:
- Abbott Laboratories
- Advanced Analytical Technologies
- Affymetrix
- Agilent Technologies
- BD
- Biological Industries
- C.B.S Scientific Company
- Cepheid
- Cytognomix
- CytoTest
- Danaher
- Fluidigm
- GE Healthcare
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