Genomics Market Forecasted to Hit USD 70.75 Billion by 2030 with 15.2% CAGR

The Genomics Market is expected to surpass USD 70.75 Billion by the year 2030, from USD 19.80 Billion in 2021

This includes genetic testing, genome sequencing, bioinformatics tools, gene editing, and gene therapy. The market is driven by advances in technology, such as the development of high-throughput sequencing platforms

The Genomics Market is projected to grow at a significant pace reaching a CAGR of approximately 15.2%, over the forecast period of 2022–2030, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.

 

Top Key Players:

The major players in the market include Thermo Fisher Scientific, Inc, Agilent Technologies, Beijing Genomics Institute (BGI), Bio-Rad Laboratories, Myriad Genetics, Inc, Eppendorf AG, Eurofins Scientific, Color, 23andMe, Inc. These companies are focusing on strategic partnerships, collaborations, and new product launches to expand their market share.

Market Segment:

By Deliverable ((Products – Instruments/Systems/Software, Consumables & Reagents)(Services – NGS-based Services, Core Genomics Services, End Use Translation Services, Computational Services, Others))

By Consumable & Accessory (Functional Genomics – Real-time PCR, Transfection, SNP Analysis, Mutational Analysis, Microarray Analysis, RNA Interference), Pathway Analysis – Microarray Analysis, Bead-based Analysis, Proteomics Tools (2-D PAGE; yeast 2-hybrid studies), Real-time PCR, End Use Discovery – DNA Sequencing, Microarray Analysis, Real-time PCR, Mass Spectrometry, Statistical Analysis, Bioinformatics, Epigenetics – Bisulfite Sequencing, Microarray Analysis, Chromatin Immunoprecipitation (ChIP & ChIP-Seq), Methylated DNA Immunoprecipitation (MeDIP), High Resolution Melt (HRM), Chromatin Accessibility Assays & Others)

By End-Use (Life Science Industry, Academic & Research Institutes, Oil & Gas Industry, Environmental Agencies, Food & Beverage Industry, Other End-user Industries)

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Regional Analysis:
North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

The Genomics Market Growth is driven by advances in technology, such as the development of high-throughput sequencing platforms, as well as an increasing understanding of the genetic basis of disease. The market is also expected to be influenced by the growing adoption of genetic testing, genome sequencing, and bioinformatics tools.

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