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The US genomics market size is forecast to increase by USD 6.97 billion at a CAGR of 12.1% between 2023 and 2028. The market experiences growth due to the reduced cost of genetic sequencing and the rising demand for establishing and enhancing genome databases, driven by the increasing need for personalized medicine. However, challenges arise from a shortage of skilled genetics professionals and the high cost of advanced instruments. Additionally, varying regulations in genomics research and genetic testing present hurdles to market expansion. Despite these obstacles, efforts to address the shortage of skilled professionals and reduce instrument costs are essential for overcoming challenges. Moreover, initiatives aimed at harmonizing regulations across different regions will be crucial for fostering sustainable market growth. Embracing advancements in technology and enhancing collaboration between stakeholders can help mitigate challenges while capitalizing on opportunities presented by the growing demand for personalized healthcare solutions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Market Segmentation by Solution
9 Customer Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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