PUNE, India, September 12, 2016 /PRNewswire/ --
The report "Agrigenomics Market by Application (Crops, and Livestock), Sequencer Type (Illumina HiSeq, PacBio, Sanger, SOLiD), Objective (Extraction, Sequencing, Genotyping, Gene Expression, MAS, GMO/Trait Purity), and Region - Global Forecast to 2021", The market is projected to reach USD 13.56 Billion by 2021, at a CAGR of 7.8% from 2016.
Browse 77 market data Tables and 63 Figures spread through 166 Pages and in-depth TOC on "Agrigenomics Market"
Early buyers will receive 10% customization on this report.
The market is driven by advancements in genomic technologies with various post-sequencing analysis techniques and strong government support in developed countries.
"Crops dominated the application segment for Agrigenomics Market in 2015"
Crops dominated the application segment for Agrigenomics Market followed by livestock in 2015.Due to the strong intention of government to support crop productivity such as the U.S. Department of Agriculture (USDA) project on reduced-gluten grains, there has been strong research in the area of crop development. The application of agrigenomics in the livestock sector has been limited to certain tests such as genetic disease identification and parentage testing. However, better growth is projected in the area of livestock breeding due to the rise in demand for genomic databases by livestock breeders.
"Technological advancements in marker-assisted selection are projected to upgrade agrigenomic services"
The advent of advanced technologies such as automation and high-throughput systems has generated keen interest among researchers for adopting next-generation systems in the agrigenomics field. Reduction in time (due to high-speed sequencing output) for nucleic acid sequencing has decreased the cost of DNA sequencing procedures. This, in turn, has reduced the overall cost of genomic research projects. Thus, declining sequencing price is expected to favorably impact the adoption of next-generation sequencing for faster, cheaper, and accurate results, even though these machines are very expensive. Marker-assisted selection and breeding is projected to be the fastest-growing research objective from 2016 to 2021. Thus, research communities in developed markets have opted for technology upgradation in advanced agrigenomics research activities such as genetic disease elimination, targeted resequencing, and marker-assisted selection and breeding.
"Asia-Pacific is projected to be the fastest-growing region in the market"
Even though the government support has been overwhelming in the developed countries of Europe and North America, and certain Asia-Pacific countries (such as South Korea and Japan), research institutes and laboratories in emerging markets have been facing shortage of funds to conduct advanced research in agrigenomics activities and provide client services. In fact, the growth in the region is driven by various rules and regulations. Strong demand is projected in order to collect database from basic services such as sequencing, genotyping, and parentage tests which can be used to analyze the performance traits in animals for effective decisions on animal breeding. Such investments encourage key players to bring in technological innovations for agrigenomic services in the Asia-Pacific region.
The Agrigenomics Market report includes a study of marketing and development strategies, along with the product portfolio of key service providers. It includes the profiles of leading companies such as Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Illumina, Inc. (U.S.), Eurofins Scientific SE (Luxembourg), and LGC Limited (U.K.).
Browse related reports:
Next-Generation Sequencing (NGS) Market by Platforms (HiSeq, MiSeq, HiSeq X Ten/X Five, Nextseq500, Ion Proton, PGM, IonS5, PacBio & Sequel), Services (Targeted Sequencing, De novo), & Application (Diagnostic, Drug Discovery) - Global Forecasts to 2021
Veterinary Diagnostics Market by Product (Instruments, Consumables, Services) by Technology (Diagnostic Imaging, Clinical Chemistry, Immunodiagnostics, Molecular Diagnostics) by Animal (Dogs, Cats, Horses, Cattle, Pigs, Poultry) - Global forecast to 2021
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
USA : 1-888-600-6441
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/agriculture-industry
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets