Human genetics is concerned with the study of human inheritance. Human genetics is a broad field that includes cytogenetics, molecular genetics, biochemistry, clinical genetics, genetic counselling, and other sub-disciplines. This field aid in the understanding of concepts such as gene structure and organisation, gene expression, mutation detection and analysis, linkage analysis and genetic mapping, and physical mapping, to name a few. The study of human genetics enables researchers to better understand the genetics of disease complexes as well as epistatic interactions such as ethical, legal, and social issues.
MARKET SCOPE
The "Global Human Genetics Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the human genetics market with detailed market segmentation by product, application and end user. The report provides key statistics on the market status of the leading human genetics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product the market is segmenetd as, instruments, consumables, accessories.
- Based on application the market is segmented as, instruments, consumables, and accessories.
- Based on application the market is segmented as, drug development, research, forensic, and diagnostics.
- Based on end user the market is segmented as, pharmaceutical and biotechnological companies, diagnostics centers, forensic centers, and research centers.
MARKET DYNAMICS
Drivers:
- Increasing prevalence of genetic disorders is the key driving factor for the market growth.
- Technological advancements in gene therapy, genetics, genomics to develop more precise therapies for management of disorders.
- Increasing investments in gene therapy, genetics are also expected to spur the market growth.
Restraints:
- However, dearth of skilled professionals along with involvement of higher investments are likely to restrain market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The human genetics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the human genetics market in these regions.
IMPACT OF COVID-19 ON HUMAN GENETICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the human genetics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from human genetics market are anticipated to lucrative growth opportunities in the future with the rising demand for human genetics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the human genetics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Thermo Fisher Scientific, Inc.
- Agilent Technologies, Inc.
- Illumina, Inc
- Promega Corporation
- General Electric
- QIAGEN
- Bio-Rad Laboratories, Inc.
- LGC Limited
- Bode Cellmark Forensics, Inc
- Horiba