Global Genomics Market, By Product and Services (Consumables, Systems and Software, Services), By Application (Diagnostics, Drug Discovery and Development, Precision Medicine, Agriculture and Animal Research, Other), By End-User (Research Centers and Academic and Government Institutes, Hospitals and Clinics, Pharmaceutical and Biotechnology Companies, Other), and By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) — Market Size and Forecasting To 2030

The Global Genomics Market valued at USD XX billion in 2020 and is expected to grow at a CAGR of XX% over the forecast period.

Genomics is the study of an organism’s genetic material that includes the structure, function, evolution, mapping, and editing of genomes and their interaction with the environment. Genomes are a set of genes or genetic material of a cell or organism. Biomedical science and medicine are currently undergoing various fundamental changes fueled by the genomics revolution.

Factors such as the increasing government funding, growth in the number of genomics projects, growing application areas of genomics, the entry of new players and start-ups in the genomics field, and decreasing sequencing costs are driving the market growth. However, the high genomic equipment costs can restrain the market growth during the forecast period.

Increased demand for genetically modified animals and plants and reducing prices of genetic procedures are expected to drive market growth. Rapid technological advances allow researchers to cross-examine larger pieces of the human genome, government initiatives, and funding from the market players towards genetic research on personalized medicines, and demand for personalized medicines are expected to augment the market growth during the forecast period.

Market Segmentation

The genomic market categorizes the market based on product and service, application, end-user, and region.

Global Genomics Market, by Product and Services

Based on product and service, the market is segmented into consumables, systems and software, and services. The consumables segment accounted for the highest market share in 2019, and it is expected to continue its dominance during the forecast period. The market growth can be attributed to several genomic systems and their increased utilization in performing genomic tests globally.

Global Genomics Market, by Application

Based on application, the market is segmented into diagnostics, drug discovery and development, personalized medicine, agriculture and animal research, and others (marine research, biofuel research, forensics). The drug discovery and development segment is expected to hold the largest market share during the forecast period. The market dominance can be due to increasing research activities for genetic disorders and cancer and reducing costs of genome sequencing.

Global Genomics Market, by End-User

Based on end-user, the market is segmented into research centers and academic and government institutes, hospitals and clinics, pharmaceutical and biotechnology companies, and others (non-profit organizations (NPOs), agri-genomics organizations, direct-to-consumer (DTC) genetic companies.

The pharmaceutical and biotechnology companies segment is expected to dominate the global market throughout the forecast period owing to increasing number of genetic research studies. The large share of this segment can be also attributed to the increase in research intensity in this end-user segment and the rising funding for research. The other segment is expected to observe significant growth during the forecast period owing to increasing demand for direct-to-consumer among the genomic companies, government and consumers.

Global Genomics Market, by Region

Based on region, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The North American market is expected to dominate during the forecast period. It can be attributed to increasing awareness among patients, advanced healthcare infrastructures and investments from government organizations. The presence of key market players like Bio-Rad Laboratories, Inc., Cepheid, Inc., Agilent Technologies, and Danaher Corporation are also expected to contribute to the regional market growth during the forecast period.

The Asia-Pacific region is projected to be the fastest-growing during the forecast period. The market growth can be attributed to increasing knowledge about the latest genomic technologies in the emerging countries. China is expected to significantly contribute to the market growth by various initiatives. For instance, in 2017, China introduced Precision Medicine Initiative (PMI) for incorporating genomic in healthcare.

What does this Report Provide?

This report provides a detailed understanding of the global genomics market demand from a qualitative and quantitative perspective with a forecast for the next 10 years. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the global market.

The major market drivers, challenges, and opportunities for the global genomics market have also been covered in the report. This report further includes the market share of the leading companies operating in the global market, along with their production capacities and the growth strategies adopted by them.

Key Developments

  • In 2021, Illumina collaborated with Helix OpCo to improve the national surveillance infrastructure in the U.S. to track the emergence and prevalence of novel strains of SARS-CoV-2 with support from the CDC
  • In 2020, BGI signed an agreement with top distributors in Brazil, Argentina, Peru, Ecuador, Colombia, and Mexico to expand its DNA sequencing and laboratory automation products
  • In June 2019, BGI partnered with Eluthia, a Germany-based biotechnology company, for the development and commercialization of reproductive genetic tests across Germany

Market Segmentation

By Product and Service:

  • Consumables
  • Systems and Software
  • Services

By Application:

  • Diagnostics
  • Drug Discovery and Development
  • Precision Medicine
  • Agriculture and Animal Research
  • Other
    • Marine Research
    • Biofuel Research
    • Forensics

By End-User:

  • Research Centers and Academic and Government Institutes
  • Hospitals and Clinics
  • Pharmaceutical and Biotechnology Companies
  • Other
    • Non-Profit Organizations (NPOs)
    • Agri-Genomics Organizations
    • Direct-to-Consumer Genetic Companies

By Region:

North America Genomics Market

  • North America, by Country
    • US
    • Canada
    • Mexico
  • North America, by Product and Service
  • North America, by Application
  • North America, by End-User

Europe Genomics Market

  • Europe, by Country
    • Germany
    • Russia
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe 
  • Europe, by Product and Service
  • Europe, by Application
  • Europe, by End-User

Asia Pacific Genomics Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific 
  • Asia Pacific, by Product and Service
  • Asia Pacific, by Application
  • Asia Pacific, by End-User

Middle East & Africa Genomics Market

  • Middle East & Africa, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East & Africa, by Product and Service
  • Middle East & Africa, by Application
  • Middle East & Africa, by End-User

South America Genomics Market

  • South America, by Country 
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • South America, by Product and Service
  • South America, by Application
  • South America, by End-User

Major Companies: In this report, the following major companies are studied: Hoffmann-La Roche Ltd.., Agilent Technologies, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., 23andMe, Inc., Illumina, Inc., Myriad Genetics, Inc., Foundation Medicine, Inc., Danaher, Pacific Biosciences, Oxford Nanopore Technologies, and BGI.

Years Covered in the Study:

Historic Year: 2018-2019

Base Year: 2020

Estimated Year: 2021

Forecast Year: 2030

Objectives of this report:

  • To estimate market size for genomic market on regional and global basis.
  • To identify major segments in genomic market and evaluate their market shares and demand.
  • To provide a competitive scenario for the frozen dessert market with major developments observed by key companies in the historic years.
  • To evaluate key factors governing the dynamics of genomic market with their potential gravity during the forecast period.

Reasons to Buy This Report:

  • Provides niche insights for decision about every possible segment helping in strategic decision making process.
  • Market size estimation of the genomic market on a regional and global basis.
  • A unique research design for market size estimation and forecast.
  • Identification of major companies operating in the market with related developments
  • Exhaustive scope to cover all the possible segments helping every stakeholder in the genomic.

Customization:

This study is customized to meet your specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country
  • Product Specific Competitive Analysis

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