The ever-rising need for sustainable productivity in agriculture world over and the intensifying demand for technologies for improving the resilience of crop and livestock production are crucial factors driving the application of genomics in agriculture, also known as agrigenomics. The rising application of genome sequencing in livestock management and relentless research on methods to improve crop productivity are key factors boosting the agrigenomics market. A new report penned by Transparency Market Research (TMR), titled “Agrigenomics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025”, presents in-depth insights into such factors and trends impacting the dynamics of the market during the forecast period of 2017–2025.
The study offers elaborate assessment of key growth drivers and restraints, prominent trends, major technology advances, and the competitive dynamics. Recent advances in technology related to whole genome sequencing and the intensive efforts by governments in several countries to support whole genome sequencing are noteworthy trends boosting the market.
The adoption of next-generation sequencing in agrigenomics by researchers is shedding light on the transmission mechanism for infectious diseases in livestock and humans. This is playing an increasingly significant role in devising more efficacious therapeutics, thereby catalyzing the growth of the market. Furthermore, the rising application of agrigenomics in a number of developed nations is instrumental in designing effective disease controls and prevention in livestock.
The vastly rising demand for crop and livestock in various developing and developed countries has catapulted the demand for genomic databases by agriculturists and livestock owners. Advent of high-throughput sequencer systems that can offer rapid results, along with a marked decline in their cost, are noteworthy trends expected to open vast lucrative avenues in the market over the assessment period.
Geographically, North America is projected to collect attractive revenues over the assessment period. The substantial growth of the regional market is attributed to a robust healthcare infrastructure and intensive research in genomics. Europe is also a prominent market for agrigenomics.
Key players vying for a sustained share in the global agrigenomics market include Neogen Corporation, Thermo Fisher Scientific, Inc., Eurofins Scientific SE, Affymetrix, Illumina, Inc., Agilent Technologies, Inc., Edico Genome, AgriGenomics, Inc., GalSeq Srl Via Italia, and Biogenetic Services, Inc.