The report analyzes and presents an overview on "Agrigenomics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" worldwide.
Albany, NY -- (SBWIRE) -- 11/22/2017 -- Agrigenomics is defined as the study of the genetic makeup of crops and livestock and how genes influence the produce. Application of genomics in agriculture enables improvement in the sustainability and productivity in livestock and crop production. Significant enhancements in technology leading to a switch from single gene sequencing to whole genome sequencing, and increase in research on genome composition and gene function contribute to the growth of the agrigenomics market. Rise in applications of genome sequencing in livestock not only enables the study of parent lineage, but also aids in understanding the characteristics of infectious agents such as bacteria and viruses that infest them or live on them. The resolution of the next-generation sequencing enables researchers to study the mutations in infectious agents over time, and help in understanding the transmission patterns of these diseases, thereby contributing to the development of effective treatment. In addition, these studies enable researchers to control the outbreak of diseases among livestock which aids in enhancing productivity. These factors act as major drivers of the agrigenomics market.
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The agrigenomics market is anticipated to grow at a high rate during the forecast period, owing to the exponential increase in population, rise in demand for crop and livestock, government initiatives to support research and enhance crop productivity, and surge in demand for genomic databases by livestock breeders. Technological advances in sequencer systems such as development of high-throughput systems, and increasing automation contribute to the growth of the market. Additionally, decline in cost of sequencing and reduction in time required for nucleic acid sequencing boost the growth of the market. Furthermore, increasing adoption of sequencing owing to the accuracy of results augments the market. Ongoing research on market-assisted selection and breeding in also anticipated to propel the market. However, high cost of devices, stringent regulatory procedures, and high cost of investment are expected to hamper the growth of the agrigenomics market during the forecast period.
The global agrigenomics market can be segmented based on technology, service offerings, application, end-user, and region. In terms of technology, the market can be categorized into real-time PCR (qPCR), microarrays, next generation sequencing, capillary electrophoresis, and others. Based on service offerings, the market can be classified into genotyping, DNA fingerprinting, assessment of genetic purity, trait purity assessment, gene expression analysis, and others. In terms of application, the market can be bifurcated into livestock and crops. Based on end-user, the market can be segmented into biotechnology companies, research laboratories, academic institutes, and others.
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Geographically, the global agrigenomics market can be segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest share of the market in terms of revenue in 2016 and the trend is anticipated to continue during the forecast period. Strong growth of the market in the region can be attributed to the significant technological advances, well-established health care infrastructure, and focus on research and development. Europe is anticipated to be the second largest market in terms of revenue. The market in Asia Pacific is expected to expand at a high CAGR owing to factors such as government support for research and development in the field of agrigenomics, decreasing prices of sequencing technologies, and significant technological innovations.
Leading players in the global agrigenomics market include Thermo Fisher Scientific, Inc., Biogenetic Services, Inc., GalSeq Srl Via Italia, AgriGenomics, Inc., Edico Genome, Agilent Technologies, Inc., Illumina, Inc., Affymetrix, Eurofins Scientific SE, SciGenom Labs Pvt. Ltd., Neogen Corporation, and LGC Limited. Strategies adopted by market players to enhance presence in the agrigenomics market include introduction of new products and services, strategic acquisitions, and partnerships.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry's value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR's reports, recent market/vendor-specific changes may take time to reflect in the analysis.