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

  • 2023-07-04
  • 269
  • 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


Market Size in 2024

USD 29.1 Billion

Market Forecast in 2034

USD 169.4Billion

CAGR % 2024-2034


Base Year


Historic Data


Forecast Period


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

 Market opportunity:

 We Market Research: Genomics Dashboard

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)   By PRODUCT & SERVICE   By Technology   By Application   By END USER   By Country     The U.S.     Canada     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)    By PRODUCT & SERVICE    By Technology    By Application    By END USER    By Country Germany U.K. France Italy Spain Russia 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)    By PRODUCT & SERVICE    By Technology    By Application    By END USER    By Country China Japan India Australia South Korea ASEAN 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)    By PRODUCT & SERVICE    By Technology    By Application    By END USER    By Country U.A.E. Saudi Arabia Egypt South Africa 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)    By PRODUCT & SERVICE    By Technology    By Application    By END USER    By Country Brazil Argentina Colombia 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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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

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Market Estimates and Forecast

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Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.

Business Solution

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The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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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