Genomics Market Analysis by Product & Service (Systems & Software, Consumables, Services), by Technology (Sequencing, PCR, Nucleic Acid Extraction and Purification, Microarray), by Application (Drug Discovery and Development, Diagnostics, Agriculture and Animal Research), by End User (Hospitals & Clinics, Research Centers and Academic & Government Institutes, Pharmaceutical & Biotechnology Companies) and by Region: Global Forecast, 2024 - 2034
- PUBLISHED ON
- 2024-07-04
- NO OF PAGES
- 269
- CATEGORY
- Healthcare & Life Sciences
Market Overview
The Genomics market is predicted to develop
at a compound annual growth rate (CAGR) of 19.6% from 2024 to 2034, when it is
projected to reach USD 169.4 Billion, based on an average growth pattern. The
market is estimated to reach a value of USD 29.1 Billion in 2024.
SOURCE: We Market Research
The primary
areas of interest for the genomics market are the investigation, analysis, and
application of an organism's entire genetic composition, or genome. This
industry encompasses a wide range of activities, including analysis,
interpretation, sequencing, manipulation, and genomics and function.
Innovations in genomic technology have led to improvements in agriculture and
personalized medicine, as well as new understandings of human evolution and
disease. Among the goods on the market are sequencing apparatus, bioinformatics
software, and genomics services. This rapidly growing industry is being
propelled by research, medical uses, and business opportunities in industries
like as biotechnology, agriculture, and pharmaceuticals.
The growing need
for precision healthcare and tailored therapy is a major factor propelling the
worldwide genomics industry. Understanding individual genetic differences and
their effects on therapy response, illness susceptibility, and general health
is made possible by genomics. This promotes the creation of diagnostic
instruments and targeted treatments that are suited to certain genetic
profiles, enhancing treatment outcomes and lowering medical expenses.
Furthermore, the market is growing because to developments in genomic
technologies like CRISPR-based gene editing and next-generation sequencing,
which are reducing costs and increasing applications. Additionally, promoting
innovation and uptake in healthcare and other fields is the intersection of
genetics, data analytics, and artificial intelligence.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 29.1 Billion |
|
Market Forecast in 2034 |
USD 169.4Billion |
|
CAGR % 2024-2034 |
19.6% |
|
Base Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast Period |
2024-2034 |
|
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
|
Segments Covered |
By Product & Service, by Technology, by Application, by End
User and By Region |
|
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Genomics Industry: Dynamics & Restrains
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Genomics Segmentation
Market- By Product & Service Analysis
By Product & Service, the Genomics Market is Categories into Systems & Software, Consumables, Services. The Consumables segment accounts for the largest share of around 51% in 2024.
The market is dominated by the consumables
subsegment because of the ongoing need for chemicals, kits, and reagents used
for DNA sequencing, amplification, and analysis. Ongoing genomic research,
diagnostics, and applications in the medical field, agriculture, and other industries
are driving this demand.
The
following segments are part of an in-depth analysis of the global Genomics
market:
|
Market Segments |
|
|
By Technology |
·
Sequencing ·
PCR ·
Nucleic Acid Extraction and
Purification ·
Microarray |
|
By Application |
·
Drug Discovery and Development ·
Diagnostics ·
Agriculture and Animal
Research |
|
By End-use |
·
Hospitals & Clinics ·
Research Centers and Academic
& Government Institutes ·
Pharmaceutical &
Biotechnology Companies |
Genomics Industry: Regional Analysis
North America Market Forecast
North America dominate the Genomics Market with the highest revenue generating market with share of more than 46%. The advanced healthcare system, robust R&D, and significant investment in personalized medicine in North America account for the region's dominance in the genomics market. Further factors driving industry expansion are the existence of significant genomics firms and encouraging government programs.
Europe Market Statistics
Europe is seeing
a significant increase in the use of genomics, fueled by research budget
increases, a developing understanding of customized medicine, and partnerships
between academic institutions and biotechnology companies. The focus on
precision medicine by the European Union is also driving market growth.
Asia Pacific Market Forecasts
Asia Pacific is
expected to be the fastest-growing regional segment of the Genomics market
during the forecast period. In the Asia Pacific region, this region is emerging
as a promising market for genomics, supported by rising healthcare expenditure,
improving research capabilities, and a large population base. Countries like
China and India are investing heavily in genomics technologies, driving market
growth further.
Key Market Players
The Genomics
Market is dominated by a few large companies, such as
·
Thermo Fisher Scientific, Inc.
·
Illumina, Inc.
·
Oxford Nanopore Technologies
·
QIAGEN N.V.
·
BGI
·
Eurofins Scientific
·
GE Healthcare
·
Agilent Technologies, Inc.
·
Bio-Rad Laboratories, Inc.
· Hoffmann-La Roche Ltd.
· Others
1.
Global
Genomics Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Genomics Market Scope and
Market Estimation
1.2.1. Global Genomics Overall Market
Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2034)
1.2.2. Global Genomics Market Revenue
Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Component of Global Genomics
Market
1.3.2. Technology of Global Genomics
Market
1.3.3. Application of Global Genomics
Market
1.3.4. Region of Global Genomics Market
2.
Executive Summary
2.1. Global Genomics Market Industry Trends under COVID-19 Outbreak
2.1.1. Global COVID-19 Status Overview
2.1.2. Influence of COVID-19 Outbreak
on Global Genomics Market
Industry Development
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact Analysis of Drivers and
Restraints
2.3. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.4. Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s Five Forces Analysis
2.5.1. Bargaining Power of Suppliers
2.5.2. Bargaining Power of Buyers
2.5.3. Threat of Substitutes
2.5.4. Threat of New Entrants
2.5.5. Competitive Rivalry
2.6. Value Chain / Ecosystem Analysis
2.7. Russia-Ukraine War Impacts
Analysis
2.8. Economic Downturn Analysis
2.9. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Genomics Market Estimates & Historical Trend Analysis (2019 -
2023)
4.
Global Genomics Market Estimates & Forecast Trend Analysis, by
PRODUCT & SERVICE
4.1. Global Genomics Market Revenue
(US$ Mn) Estimates and Forecasts, by PRODUCT & SERVICE, 2019 to 2034
4.1.1. Systems & Software
4.1.2. Consumables
4.1.3. Services
5.
Global Genomics Market Estimates & Forecast Trend Analysis, by
Technology
5.1. Global Genomics Market Revenue
(US$ Mn) Estimates and Forecasts, by Technology, 2019 to 2034
5.1.1. Sequencing
5.1.2. PCR
5.1.3. Nucleic Acid Extraction and
Purification
5.1.4. Microarray
6.
Global Genomics Market Estimates & Forecast Trend Analysis, by
Application
6.1. Global Genomics Market Revenue
(US$ Mn) Estimates and Forecasts, by Application, 2019 to 2034
6.1.1. Drug Discovery and Development
6.1.2. Diagnostics
6.1.3. Agriculture and Animal Research
7.
Global Genomics Market Estimates & Forecast Trend Analysis, by
END USER
7.1. Global Genomics Market Revenue
(US$ Mn) Estimates and Forecasts, by Application, 2019 to 2034
7.1.1. Hospitals & Clinics
7.1.2. Research Centers and Academic
& Government Institutes
7.1.3. Pharmaceutical &
Biotechnology Companies
8.
Global Genomics Market Estimates & Forecast Trend Analysis,
by Region
8.1. Global Genomics Market Revenue
(US$ Mn) Estimates and Forecasts, by Region, 2019 to 2034
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9.
North
America Genomics Market: Estimates & Forecast Trend Analysis
9.1.
North
America Genomics Market Assessments & Key Findings
9.1.1. North America Genomics Market
Introduction
9.1.2. North America Genomics Market
Size Estimates and Forecast (US$ Million) (2019 – 2034)
9.1.2.1. By PRODUCT &
SERVICE
9.1.2.2. By Technology
9.1.2.3. By Application
9.1.2.4. By END USER
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Europe Genomics
Market: Estimates & Forecast Trend
Analysis
10.1. Europe Genomics Market
Assessments & Key Findings
10.1.1. Europe Genomics Market
Introduction
10.1.2. Europe Genomics Market Size
Estimates and Forecast (US$ Million) (2019 – 2034)
10.1.2.1. By PRODUCT &
SERVICE
10.1.2.2. By Technology
10.1.2.3. By Application
10.1.2.4. By END USER
10.1.2.5. By Country
10.1.2.5.1. Germany
10.1.2.5.2. U.K.
10.1.2.5.3. France
10.1.2.5.4. Italy
10.1.2.5.5. Spain
10.1.2.5.6. Russia
10.1.2.5.7. Rest of Europe
11. Asia Pacific Genomics
Market: Estimates & Forecast Trend
Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Genomics Market
Introduction
11.1.2. Asia Pacific Genomics Market
Size Estimates and Forecast (US$ Million) (2019 – 2034)
11.1.2.1. By PRODUCT &
SERVICE
11.1.2.2. By Technology
11.1.2.3. By Application
11.1.2.4. By END USER
11.1.2.5. By Country
11.1.2.5.1. China
11.1.2.5.2. Japan
11.1.2.5.3. India
11.1.2.5.4. Australia
11.1.2.5.5. South Korea
11.1.2.5.6. ASEAN
11.1.2.5.7. Rest of Asia Pacific
12. Middle East & Africa Genomics
Market: Estimates & Forecast Trend
Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Genomics
Market Introduction
12.1.2. Middle
East & Africa Genomics
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
12.1.2.1. By PRODUCT &
SERVICE
12.1.2.2. By Technology
12.1.2.3. By Application
12.1.2.4. By END USER
12.1.2.5. By Country
12.1.2.5.1. U.A.E.
12.1.2.5.2. Saudi Arabia
12.1.2.5.3. Egypt
12.1.2.5.4. South Africa
12.1.2.5.5. Rest of Middle East & Africa
13. South America
Genomics Market: Estimates &
Forecast Trend Analysis
13.1. South America Market Assessments
& Key Findings
13.1.1. South America Genomics Market
Introduction
13.1.2. South America Genomics Market
Size Estimates and Forecast (US$ Million) (2019 – 2034)
13.1.2.1. By PRODUCT &
SERVICE
13.1.2.2. By Technology
13.1.2.3. By Application
13.1.2.4. By END USER
13.1.2.5. By Country
13.1.2.5.1. Brazil
13.1.2.5.2. Argentina
13.1.2.5.3. Colombia
13.1.2.5.4. Rest of South America
14. Competition Landscape
14.1. Global Genomics Market
Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
14.2. Global Genomics Market
Competition White Space Analysis, By Application
14.3. Global Genomics Market
Competition Heat Map Analysis, By Application
14.4. Global Genomics Market
Concentration & Company Market Shares (%) Analysis, 2022
15. Company Profiles
15.1.
Thermo Fisher Scientific, Inc.
15.1.1. Company Overview & Key Stats
15.1.2. Financial Performance & KPIs
15.1.3. Product Portfolio
15.1.4. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
15.2. Illumina, Inc.
15.3. Oxford
Nanopore Technologies
15.4. QIAGEN N.V.
15.5. BGI
15.6. Eurofins
Scientific
15.7. GE Healthcare
15.8. Agilent
Technologies, Inc.
15.9. Bio-Rad
Laboratories, Inc.
15.10. Hoffmann-La
Roche Ltd.
15.11. Others
16. Research
Methodology
16.1. External Transportations /
Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.5. Assumptions
16.6. Limitations
16.7. Report FAQs
17. Research Findings & Conclusion
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Frequently Asked Questions
What is the market size of Genomics Market in 2024?
Genomics Market was valued at USD 29.1 Billion in 2024.
What is the growth rate for the Genomics Market?
Genomics Market size will increase at approximate CAGR of 19.6% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the Genomics Market Are Thermo Fisher Scientific, Inc., Illumina, Inc., Oxford Nanopore Technologies, QIAGEN N.V., BGI, Eurofins Scientific, GE Healthcare, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Hoffmann-La Roche Ltd. and Others.
Which region dominates the Genomics Market?
North America dominates the market with an active share of 46%.
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