Global Genomics Market Scope 2024, Forecast To 2033
11 Jan, 2024
The genomics market size increased from $38.7 billion in 2023 to $45.95 billion in 2024, showcasing an 18.7% CAGR. Historical growth is attributed to reduced sequencing costs, research and discovery, healthcare applications, and personalized medicine. Predicting rapid growth, the market is expected to reach $93.79 billion in 2028, with a 19.5% CAGR. Growth drivers include growing awareness, drug development, diagnostics, and regulatory and ethical frameworks. Key trends encompass technological advancements, genomic sequencing in agriculture, collaboration and partnerships, and genomic data analytics.
Global Genomics Market Key Driver
Government funding for genomics research drives the single-cell genomics market. The US government's $1.7 billion investment in SARS-CoV-2 variant detection and genomic infrastructure supports genomics advancements.
Get A Free Sample Of The Global Genomics Market ReportGlobal Genomics Market Segments
The genomics market covered in this report is segmented –
1)By Product Type: Instrument (Including Systems, Service Contract And Software), Reagents (Including Reagents And Consumables)
2)By Process: Cell Isolation, Sample Preparation, Genomic Analysis
3)By End User: Academic Institutes, Biopharmaceutical Companies, Clinical Research Institutes
By Geography: The regions covered in the genomics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
North America was the largest region in the genomics market in 2023. Western Europe was the second largest region in the genomics market. The regions covered in the genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Genomics Industry Players
10X Genomics Inc., Qiagen NV, Standard BioTools Inc., Johnson and Johnson, Illumina Inc., Affymetrix Inc., Angle plc, Denovo Sciences Inc., Diagnologix LLC, DNA Electronics Ltd., Epic Sciences, Kellbenx Inc., Resolution Bioscience Inc., Wafergen Bio-systems Inc., Yikon Genomics Co. Ltd., Thermo Fisher Scientific Inc., Beckman Coulter Inc., Becton, Dickinson and Company, Bio-Rad Laboratories Inc., Carl Zeiss Microscopy GmbH, Cell Microsystems Inc., CellSorter, CYTENA GmbH, Dolomite Bio Limited, Agilent Technologies Inc., Fluxion Biosciences Inc., BGI Group, F. Hoffmann-La Roche AG, Oxford Nanopore Technologies Ltd., Pacific Biosciences of California Inc., Eurofins Scientific SE, Danaher Corporation, PerkinElmer Inc.
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Genomics Market Overview
The study of genomes is called genomics. Single-cell genomics is an innovative method of classifying individual cells from a tissue sample, capable of defining unique traits and identifying rare cell types. Genomics is used in different fields of study, such as intragenomic phenomena such as pleiotropy, epistasis, heterosis, and other interactions between loci and alleles within the genome.
Genomics Global Market Report 2023 provides data on the global genomics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The genomics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.