Pune, India, Sept. 05, 2022 (GLOBE NEWSWIRE) — The global genomics market size is projected to reach USD 94.65 billion by 2028, exhibiting a CAGR of 19.4% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “Genomics Market, 2021-2028”. As per the report, the value of the market stood at USD 23.12 billion in 2020 and USD 27.81 billion in 2021. One of the key factors promoting the significance of this field of biology is its potential to manage zoonotic diseases, such as rabies, bird flu, plague, and the evident coronavirus. These diseases are life-threatening and can cause huge burdens if not monitored carefully. According to the World Health Organization, in 2020, rabies accounted for nearly 55 000 deaths in Asia and Africa.

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Industry Developments:

April 2020 – Eurofins announced the launch of its “SARS-CoV-2 Full-length Genome Sequencing” service, a new next generation sequencing (NGS) service enabling end-to-end surveillance of the coronavirus genome sequence and mutational drift.

August 2020 – Ancestry, a privately-held genealogy company launched AncestryHealth, which comprises next-generation sequencing and screening capabilities of genes associated with diseases such as colon cancer, breast cancer, blood disorders, and heart diseases. 

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