Precision Farming Market Outlook By Executive Summary, Market Variables, Trends And Scope 2014-2025

Global Precision Farming Market is anticipated to reach USD 10.23 billion by 2025, according to a new report by Grand View Research, Inc. Precision farming, also known as site-specific crop management or satellite farming, is a concept of farm management that uses information technology to ensure optimum health and productivity of the crops. The precision farming technique largely depends on specialized equipment, IT, and software services. Furthermore, this farming technique involves a broad range of technologies including bio-engineering, robotics & automation, imagery & sensors, and big data, as well as digitization. The adoption of site-specific crop management would reduce the cost of nitrogen fertilizers, improve crop yields, reduce the usage of pesticides, provide better farm records that are essential for sale, and provide better information for management decisions.

The growing application of telematics in agriculture is anticipated to drive the demand for precision farming over the projected period. Telematics services include tracking devices using Global Navigation Satellite System (GNSS) to show the position of the equipment for management purposes. It also offers a real-time view of the position, coolant temperature, ground speed, and the duration before which maintenance is required. Major agriculture equipment manufacturers are adopting telematics services for their equipment in order to improve farm efficiency.

Improving the efficiency of agricultural machinery reduces the cost of agricultural operations and maximizes profitability. Additionally, good management might reduce the environmental impact. Farmers are increasingly using telematics technology to collect and manage information from their field equipment.

Telematics technology is used to capture and transfer data from the farm equipment through sensors installed on tractors and other field monitoring equipment. The increasing adoption of telematics systems by agricultural equipment companies is expected to drive the demand in the precision farming market.

Trimble Ag Software’s Connected Farm uses cellular and wireless technology to transfer data. Furthermore, the company uses Farm Works software to manage data transferred from the farm equipment. Raven Industries, Inc. provides a telematics service called Slingshot. It uses cell phone networks to offer data transfer, real-time kinematic GPS correction signals, and real-time technical support in the fields. Additionally, Slingshot allows users to track the vehicle’s location.

However, the lack of technology adoption among farmers is likely to restrain the market growth over the forecast period. The lack of standards and limitations on the exchange of data between the systems limits the adoption of modern agricultural machinery of different brands and companies. Furthermore, farmers lack independent consulting and advisory services owing to the lack of validated agronomic models for Variable Rate Technology (VRT) to make a decision on investments. Additionally, independent services are not linked to co-operatives, government bodies, and farmer’s associations where farmers can get additional information to take decisions.

Full Research Report on Global Precision Farming Market Analysis:
http://www.grandviewresearch.com/industry-analysis/precision-farming-market

Further key findings from the report suggest:

• The increasing government support for adopting modern agricultural techniques and the growing need for monitoring crop health for yield production are expected to drive the market demand.
• The services segment is expected to portray a significant growth rate over the projected period, growing at a CAGR of 16.0%.
• The cloud-based software model is anticipated to gain market share over the projected period as it reduces energy consumption and large data storage, and facilitates cost saving.
• Innovations in GPS mapping and related applications concerning farms are helping farmers to operate more efficiently and increase their profit margins.
• Drones are expected to witness enormous growth in the agriculture field as they are increasingly used in monitoring irrigation systems.
• Soil monitoring is a major application of the yield monitoring segment as it is used to detect soil properties to increase the yield.
• Digital revolution in the agricultural sector along with government financial incentives to farms is likely to drive the demand in the European precision farming market in the coming years.
• The key players of the precision farming market include Agribotix LLC (U.S.), Deere & Company (U.S.), SST Development Group, Inc. (U.S.), Farmers Edge, Inc. (Canada), and Granular, Inc. (U.S.), among others

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the Global Precision Farming Market based on offering,
application, and region:

Precision Farming/Agriculture Offering Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware

·         Automation & control systems

§  Drones

§  Application control devices

§  Guidance systems

·         GPS

·         GIS

§  Remote sensing

·         Handheld

·         Satellite sensing

§  Driverless tractors

§  Mobile devices

§  VRT

·         Map-based

·         Sensor-based

§  Wireless modules

·         Bluetooth technology

·         Wi-Fi technology

·         Zigbee technology

·         RF technology

·         Sensing devices

§  Soil sensor

·         Nutrient sensor

·         Moisture sensor

·         Temperature sensor

§  Water sensors

§  Climate sensors

§  Others

·         Antennas/access points

·         Software

·         Web-based

·         Cloud-based

·         Services

·         System integration & consulting

·         Maintenance & support

·         Managed services

§  Data services

§  Analytic services

§  Farm operation services

·         Assisted professional services

§  Supply chain management services

§  Climate information services

Precision Farming/Agriculture Application Outlook (Revenue, USD Million, 2014 - 2025)

• Yield monitoring
• On-farm
• Off-farm
• Field mapping
• Crop scouting
• Weather tracking & forecasting
• Irrigation management
• Inventory management
• Farm labor management

Precision Farming/Agriculture Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Russia
• Asia Pacific
• China
• Japan
• India
• Australia
• South America
• Brazil
• Middle East and Africa (MEA)

View Press Release Of this research report by Grand View Research:http://www.grandviewresearch.com/press-release/global-precision-farming-market          

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Diabetes Devices Market Quantitative Analysis By Market Size, Estimates, And Forecast From 2013-2024

Global Diabetes Devices Market is expected to reach USD 35.5 billion by the year 2024, according to a new report published by Grand View Research, Inc. Major drivers of the market include the growing number of diabetic patients owing to the sedentary lifestyles and unhealthy food habits. The growing demand for the advanced and minimally invasive, diagnostic as well as monitoring devices is expected to propel the market growth during the forecast period.

The rising awareness with regard to the technologically advanced monitoring tools, such as the continuous glucose monitor, is a crucial factor expected to spur the growth of the market. The demand for affordable monitoring devices in the developed as well as the less-developed countries is expected to propel the market growth of products, such as glucose test strips.

The existence of relatively smooth product approval procedures in most of the developed countries including the U.S and European countries are expected to boost the insulin devices market. The rising popularity of the compact, easy to carry monitoring devices, and the introduction of minimally invasive, highly efficient devices is expected to drive the market growth at a lucrative rate. However, the disparity in the reimbursement policies is primarily challenging the overall growth of this market.

Full Research Report on Global Diabetes Devices Market Analysis
http://www.grandviewresearch.com/industry-analysis/diabetes-devices-market

Further key findings from the study suggest:

• The demand for the diabetes devices is expected to surge owing to the factors such as the constantly increasing geriatric population prone to diabetes, the government initiatives taken to support better management of diabetes, and the growing awareness regarding diabetes devices
• In 2015, the test-strips sub-segment captured the largest market share in the blood glucose monitoring and diagnostic devices segment. The insulin pens accounted for the largest share of the insulin delivery devices segment. The global diabetes devices market is expected to reach USD 35.4 billion in 2024.
• The monitoring and diagnostic devices segment captured the largest market share of the overall market in 2015. The segment accounted for around 71% of the total market owing to repeat purchases.
• The monitoring and diagnostic devices segment is expected to maintain its dominance during the forecast period owing to the introduction of technologically advanced products coupled with the high adoption of these products in the near future
• North America captured the largest market share of around 32% in the year 2015. The domination of the market is expected to continue with a CAGR of 5.9%. The growing diabetic population, the availability of technologically advanced devices, and the presence of skilled professionals are the factors contributing to the growth of the market in North America.
• Asia Pacific is the fastest growing segment of the market. Countries, such as China and India are expected to show a swift growth owing to the high prevalence of diabetes, the rising awareness regarding commercially available devices, and the growing disposable income in these countries
• The key players in diabetes devices market include Abbott Laboratories, Inc., Bayer Healthcare AG, Johnson& Johnson, F. Hoffmann La-Roche Ltd., Becton Dickinson and Company, Medtronic, Inc., Novo Nordisk A/S, and Sanofi. 

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the Global Diabetes Devices Market on the basis of device, type, and geography.

Diabetes devices market by product, revenue, (USD Million), 2013 - 2024

• Self-Monitoring and Diagnostic Devices
• Lancets
• Analogue glucose monitor
• Continuous glucose monitor
• Test Strips
• Insulin Delivery Devices
• Syringes
• Pens
• Pumps
• Injectors 

Diabetes devices market by region, revenue, (USD Million), 2013 - 2024

• North America
• U.S. Diabetes Devices Market, by Device Type
• Canada Diabetes Devices Market, by Device Type
• Europe
• U.K. Diabetes Devices Market, by Device Type
• Germany Diabetes Devices Market, by Device Type
• Asia Pacific
• China Diabetes Devices Market, by Device Type
• India Diabetes Devices Market, by Device Type
• Latin America
• Brazil Diabetes Devices Market, by Device Type
• Mexico Diabetes Devices Market by Device Type
• MEA
• South Africa Diabetes Devices Market, by Devices Type

View Press Release Of this research report by Grand View Research:http://www.grandviewresearch.com/press-release/global-diabetes-devices-market         

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Fuel Cell Industry Outlook By Executive Summary, Market Variables, Trends And Scope 2014-2025

Global Fuel Cell Market is expected to reach USD 24.81 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for unconventional energy sources is one of the key factors driving the global fuel cell market. Fuel cell is one of the fastest growing alternate backup power options primarily due to the utilization of hydrogen as fuel. In addition, they are eco-friendly as their by-product is harmless in nature, unlike other conventional technologies. 

On the basis of policy development, China is still lagging but shows tremendous promise in the near future as the majority of the Chinese fuel cell manufacturers have been focusing to develop proton exchange membrane fuel cells. This implies the focus of the country to incorporate fuel cells in various modes of transport. 

The market is expected to witness strategic alliances to expand the end user segment in emerging markets. Public – private partnerships will be critical in attaining an economically viable technological shift. Introducing cleaner technologies to substitute existing methodologies is expected to incur high costs which are expected to challenge the innovative streak of the key market players.

Full Research Report on Global Fuel Cell Market Analysis:
http://www.grandviewresearch.com/industry-analysis/fuel-cell-market

Further key findings from the report suggest:

• Asia Pacific is expected to emerge as the largest market in terms of unit shipment. Rising demand of Combined Heat and Power systems in Japan and other countries in this region, the market for fuel cells is slated to register a robust growth rate. 
• North America is likely to emerge as the largest market for fuel cells in terms of installed capacity owing to the regulatory scenario in the region and advancements in technology.
• PEMFC is expected to emerge as the most dominant form of fuel cell owing to their ability to suit a wide variety of applications ranging from portable to large scale power systems.
• In 2014, Japan had introduced “Promotion Project for Hydrogen Society Using Renewable Energy”, an updated policy focused on fuel cell and hydrogen roadmap. This region is expected to grow at an estimated CAGR of 37.8% from 2016 to 2025.
• Transportation and Portable application segment are likely to reach a tipping point between niche and mainstream over the forecast period.
• Transportation application segment is expected to grow at an estimated CAGR of 39.2% from 2016 to 2025
• Some companies operating in the global market include Plug power, Ballard Power Systems, Hydrogenics Corporation, Ceramic Fuel Cells, Ltd., SFC Energy AG

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/renewable-energy

Grand View Research has segmented the Global Fuel Cell Market on the basis of product, application and region:

Product Outlook (Volume, Units; Capacity, Mega Watt; Revenue, USD Million, 2014 - 2025)

• PEMFC
• PAFC
• SOFC
• MCFC
• Others

Application Outlook (Volume, Units; Capacity, Mega Watt; Revenue, USD Million, 2014 - 2025)

• Stationary
• Transportation
• Portable

Regional Outlook (Volume, Kilo Tons; Capacity, Mega Watt; Revenue, USD Million, 2014 - 2025)

• North America
• U.S
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• South Korea
• Middle East and Africa
• Central & South America
• Brazil

View Blog On this research report by Grand View Research: http://www.grandviewresearch.com/blog/fuel-cell-market         

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Bag-in-Box Container Market Analysis Report Forecasts Revenue And Volume Growth At Global, Regional And Country Levels 2014-2025

Global Bag-In-Box Container Market size is expected to reach USD 4.80 billion by 2025, according to a new report by Grand View Research, Inc. The industry is expected to witness significant rise owing to increasing demand for the product in the household segment. Increasing demand for the product for packaging alcoholic beverages coupled with ease of product handling is expected to drive growth over the forecast period.

Rising consumption of the product in the household segment owing to the launch of various innovative packaging types coupled with reduced product prices in comparison to other available substitutes is anticipated to propel growth. In addition, the rise in the use of biodegradable and environmental-friendly material for manufacturing the product is likely to propel growth.

Global players capture majority of the revenue share for the product. The production capacities of existing players are high and the products are sold through established distribution networks. In addition, the use of advanced and innovative product technologies by manufacturers to gain a competitive advantage is likely to trigger the industry growth.

Notable changes in consumer lifestyle and growing inclination toward the use of high priced bag-in-box container for packaging products such as wine and beer are likely to result in rising demand. In addition, the use of high-quality products to improve product barrier properties and declining product cost are likely to increase the market growth over next eight years.

Full Research Report on Global Bag-in-Box Container Market Analysis:
http://www.grandviewresearch.com/industry-analysis/bag-in-box-containers-market

Further key findings from the report suggest:

• LDPE segment is expected to account for 51.8% of the global industry revenue on account of superior product flexibility and barrier properties, leading to high adoption by the beverage manufacturers
• Household segment, in terms of revenue, is likely to reach USD 1,094.8 million by 2025 owing to rise in the consumption of household cleaning products coupled with the growth of the home-care product segment
• In terms of revenue, Europe accounted for the highest market share in 2016 at USD 1,069.0 million in 2016 owing to the high consumption of alcoholic beverages and packaged beverage products
• The bag-in-box container industry has significant number of established and domestic players. The high production capacities of the manufacturers are expected to benefit the industry growth by producing higher volumes of the product coupled with the incorporation of advanced product packaging solutions

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber

Grand View Research has segmented the Global Bag-In-Box Container Market on the basis of material, application, and region:

Material Outlook (Revenue, USD Million; 2014 - 2025)

• Low Density Polyethylene
• Ethylene Vinyl Acetate
• Ethylene Vinyl Alcohol
• Others

Application Outlook (Revenue, USD Million; 2014 - 2025)

• Food & Beverage
• Alcoholic Beverages
• Non-alcoholic Beverages
• Other Food
• Industrial Liquids
• Household Products

Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa

View Blog On this research report by Grand View Research:http://www.grandviewresearch.com/press-release/global-bag-in-box-container-market         

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Masterbatch Industry Outlook By Executive Summary, Market Variables, Trends And Scope 2014-2025

Global Masterbatch Market is expected to reach USD 15.81 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 6.6% primarily driven by increasing replacement of metal by plastic is projected to fuel the market growth. In addition, rising demand from the European region is further expected to propel the demand over the forecast period. 

In terms of revenue, color masterbatch was the largest segment in 2016 and the trend is anticipated to continue at a growth rate of 7.1% over the forecast period. Increasing need for improving the surface appearance of plastic components in automotive, building & construction, and consumer goods is expected to contribute to the growth. Additive masterbatch is being widely used on account of various properties it imparts to plastics such as antistatic, antifoaming, antioxidant, antimicrobial, thermo-stabilizer, barrier properties, metal deactivators, antiblock, flame retardant, UV stabilizer, oxygen scavenger, and abrasion resistance. The growth of packaging sector, especially plastic packaging, is anticipated to drive the masterbatch demand.

Masterbatch is used in various end-use industries, such as packaging, building & construction, consumer goods, automotive, agriculture, as it imparts useful functional properties such as smooth surface finish and desired hardness. The increasing spending capability of customers toward purchasing attractively packaged consumer goods is expected to trigger the need for various plastic components, which use masterbatches to improve the appearance and other properties. These factors together are anticipated to boost masterbatch market demand over the forecast period.

Full Research Report on Global Masterbatch Market Analysis:
http://www.grandviewresearch.com/industry-analysis/masterbatch-market

Further key findings from the report suggest:

• Color segment is expected to experience the fastest growth, in terms of value, at a CAGR of 7.1% from 2017 to 2025 as color masterbatch finds application in various end-use industries such as packaging, building & construction, consumer goods, automotive, and agriculture
• Polyethylene emerged as the largest carrier polymer segment, in terms of revenue, in 2016 and is estimated to be valued at USD 5,461.8 million by 2025. The growing popularity on account of useful properties of HDPE, LDPE, and LLDPE is projected to drive the growth.
• Packaging was estimated as the largest end-use industry due to different types of industrial, customer, and retail packaging segments across various geographies
• The U.S. masterbatch market, in terms of revenue, was valued at USD 1,624.3 million in 2016 and is estimated to reach USD 2,920.3 million by 2025. The consumer goods industry in the U.S. is projected to witness the fastest growth over the next eight years owing to the increasing demand from customers.
• Key players including A. Schulman, Inc., Ampacet Corporation, Cabot Corporation, Clariant AG, Plastiblends India Ltd., and Global Colors Group have a prominent presence in the global masterbatch market

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the Global Masterbatch Market on the basis of type, carrier polymer, end use, and region.

Masterbatch, Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• White
• Black
• Color
• Additive
• Filler

Masterbatch Carrier Polymer Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• Polypropylene (PP)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• Others

Masterbatch Market End Use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• Packaging
• Building & Construction
• Consumer Goods
• Automotive
• Agriculture
• Others

Masterbatch Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa

View Blog On this research report by Grand View Research:http://www.grandviewresearch.com/blog/masterbatch-market-size        

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Flexible Electronics Industry Outlook By Executive Summary, Market Variables, Trends And Scope 2013-2024

Global Flexible Electronics Market was USD 20,850.0 million in 2015, which is estimated to reach USD 87,210.0 million by 2024, according to a new report by Grand View Research, Inc. Escalating demand for compact and light-weight electronic devices is anticipated to fuel growth over the forecast period. Flexible batteries, displays, memories are a few products realized with the adoption of this technology. The technology provides ample opportunities in the area of smart textiles, which is the future of wearable’s. Government support in the form of funding that lends a helping hand to several research projects in this field is also anticipated to impact the industry growth positively.

Healthy demand for smart glasses, e-books, smartphones, smart watches, and e-papers is expected to catapult market growth over the next eight years. The technology facilitates electronic systems to be stretched, rolled, and flexed, minimizing design issues associated while developing compact, portable and miniature devices. The style and functionality of wearable devices is anticipated to witness a transition over the next eight years with companies such as Samsung, Apple, Nike and Google investing heavily in this segment, thereby providing avenues for discovering novel applications incorporating this technology.

Full Research Report on Global Flexible Electronics Market Analysis:
http://www.grandviewresearch.com/industry-analysis/flexible-electronics-market

Further key findings from the report suggest:

• The consumer electronics segment accounted for over 55% of the overall revenue in 2015. The year 2014 witnessed the onset of new curved televisions, smartphones, and other electronic devices; a trend that gained traction in 2015, and is expected to impact the flexible electronics demand favorably from 2016 to 2024 owing to high penetration in the wearable’s segment
• The display segment is projected to grow at a CAGR exceeding 16% over the forecast period. It is primarily attributed to the ability of these products to curve, roll, flex, conform and fold, enabling a new intuitive user interface. Further, companies are progressing towards the use of plastic displays as an alternative to glass displays, which provides opportunity for future growth
• Wearable devices segment accounted for over 40% of the overall revenue in 2015 and is expected to witness a healthy demand over the forecast period. This increase is primarily ascribed to upsurge in demand for fitness or activity trackers as these products are well-positioned in the market with a promise of tracking productivity, physical activity, heart rate, sleep, etc. that intrigues customers
• Asia Pacific flexible electronics market accounted for over 20% of the overall revenue share in 2015. Research capabilities and aggressive investments by major industry players such as LG and Samsung Electronics in anticipated to drive regional growth over the forecast period
• Prominent industry participants include 3M, E Ink Holdings Inc., GE Measurement & Control Solutions, ITN Energy Systems Inc., LG, PARC, Samsung, and Thinfilm Electronics ASA. Strategic alliances among the major stakeholders such as material manufacturers, academia, and device integrators is anticipated to strengthen the existing technology know-how while driving drive efforts to explore new application areas

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the Global Flexible Electronics Market on the basis of components, application and region:

Flexible Electronics Components Outlook (Revenue, USD Billion; 2013 - 2024)

• Display
• Battery
• Sensors
• Memory
• Others

Flexible Electronics Application Outlook (Revenue, USD Billion; 2013 - 2024)

• Consumer electronics
• Television
• Wearable devices
• Smartphone
• Others
• Automotive
• Healthcare
• Industrial
• Others

Flexible Electronics Regional Outlook (Revenue, USD Billion; 2013 - 2024)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

View press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-flexible-electronics-market              

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Genomics Market Study Report Provides An Analysis Of The Industry Trends In Each Of The Sub-Segments From 2012-2020

Global Genomics Market is estimated to reach USD 22.1 billion by 2020, growing at an expected CAGR of 10.3% from 2014 to 2020. Genomics is a subunit of biology that is concerned with the study of genes and its functions and brings together the function and structure of genomes. Genomics is applied in several fields such as biotechnology, genomic medicine, anthropology, and various other social sciences. It consists of functional genomics, comparative genomics, pharmacogenomics, structural genomics, and epigenomics.

The global genomics market has undergone an increase in its market potential due to technological developments. Adding to it, factors including growing prevalence of fetal disorders such as diabetes and cancer, an increase in partial or full compensation by the government of certain countries add to the market’s growth across the globe.

In 2013, genomics-based diagnostics held the largest share of market revenue at over 35% on account of the occurrence of a considerably larger number of research & development initiatives. However, genomics-based personalized medicine segment is projected to have the highest growth rate, at an anticipated CAGR of over 12%, from 2014 to 2020. The high growth rate of the segment is on account of the growing demand for population-based therapeutic solutions and consequent increase in R&D initiatives.

Full Research Report on Global Genomics Market Analysis: http://www.grandviewresearch.com/industry-analysis/genomics-market

Consumable led the global genomics market share at over 50% in 2013. This is on account of rising adoption rate of genomic testing for several applications, particularly in the field of drug development and discovery. The consumables segment is also expected to lead the market with the fastest growth rate over the forecast period owing to increasing applications and reduced costs of consumables.

In 2013, PCR technology had the largest market share of over 45% owing to technological developments and involvement of government policies about funding of research & development. Nucleic acid extraction and purification technology are expected to witness the highest growth rate, at a projected CAGR of 10.1%, from 2014 to 2020 on account of developing technologies for genome profiling and growing methods for new diagnostics tools and techniques.

North America was the major regional market, generating over 35% of the total revenue of the global genomics market. This was on account of various reasons such as high patient awareness levels, the presence of sophisticated infrastructure of healthcare. Asia Pacific is likely to be the highest growing region, at a projected CAGR of 12.7% over the next six years. The presence of large unmet medical needs and the increasing demand for economical clinical outsourcing in the emerging nations of

China and India is anticipated to drive the high growth rate.

The major market players include Agilent Technologies, Bio-Rad Laboratories Inc., Illumina Inc., Roche Diagnostics, Cepheid, Affymetrix, Inc., BGI, GE Healthcare, Qiagen, and Life Technologies.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/biotechnology

Grand View Research has segmented the Global Genomics Market on the basis of product, application, technology and region:

Genomics Product Outlook
            • Instruments
            • Consumables
            • Services
Genomics Application Outlook
            • Diagnostics
            • Personalized Medicines
            • Drug Discovery and Development
            • Academic Research
            • Agriculture
Genomics Technology Outlook
            • PCR
            • DNA Sequencing
            • DNA Microarray
            • Nucleic Acid Extraction and Purification
Genomics Regional Outlook
            • North America
            • Europe
            • Asia Pacific
            • RoW

View Blog On this research report by Grand View Research: http://www.grandviewresearch.com/blog/genomics-market              

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com