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Showing posts from August, 2024

Genomics Market Research: Understanding Consumer Genomic Testing Trends

    Genomics Industry Overview The global genomics market size was valued at USD 32.65 billion in 2023 and is projected to witness a compound annual growth rate (CAGR) of 16.5% from 2024 to 2030. The growth of genomics market is attributed to factors such as growing demand for gene therapy, personalized medicine, drug discovery, increasing cancer incidence, and a significant increase in demand for consumer genomics in recent years. Moreover, increasing number of joint ventures and partnerships amongst market players is also expected to have a positive impact on the genomics market growth. For instance, in June 2022, Illumina, Inc., and Allegheny Health Network signed a collaboration for effective evaluation of the impact of in-house Comprehensive Genomic Profiling (CGP) to leverage patient care. Gather more insights about the market drivers, restrains and growth of the  Genomics Market The COVID-19 pandemic outbreak had posed challenges to applications of genomics technol...

Proteomics Market To Show Astonishing CAGR Of 13.5%, Due To Rising Demand For Personalized Medicine

    Proteomics Industry Overview   The global proteomics market size was valued at  USD 22.30 billion in 2021  and is expected to expand at a compound annual growth rate  (CAGR) of 13.5%  from 2022 to 2030. Key factors driving the industry growth include growing demand for personalized medicines & advanced diagnostics in targeted disease treatment and the high prevalence of target diseases. Furthermore, increasing focus on product usage in drug designing, biomarker discoveries, and clinical diagnostics for the diagnosis and treatment of diseases will support the industry growth. The market growth is also favored by the protein research being conducted to treat COVID-19 patients.   For instance, in June 2022, A novel class of synthetic peptides or mini-proteins has been developed by scientists at the Indian Institute of Science (IISc) Bangalore, and the researchers claim that it has the potential to neutralize viruses like SARS-CoV-2.Furthermor...

U.S. Gene Synthesis Market: Academic Research Landscape

U.S. Gene Synthesis Industry Overview The U.S. gene synthesis market size was estimated at USD 691.1 million in 2023 and is expected to grow at a CAGR of 16.0% from 2024 to 2030. The market growth is significantly influenced by the presence of several key market participants offering gene synthesis services and increasing interest of major biotechnology and pharmaceutical companies in gene & cell therapy development. The expanding field of synthetic biology and increasing application areas in molecular biology arena are opportunistic for market growth. Furthermore, presence of high number of contract research organizations (CROs) providing gene synthesis services is also expected to drive the market growth. For instance, GenScript offers a wide range of services, including custom gene synthesis services and antibody drug development services.   Gather more insights about the market drivers, restrains and growth of the  U.S. Gene Synthesis Market   Furthermore, nonprof...