Genomics Market Size, Share, and Growth Analysis, By Offering, By Product Type, By Technology, By Service Type, By Application, By Study Type, By End User, By Region - Industry Forecast 2025-2032
Genomics Market size was valued at USD 37.1 billion in 2023 and is poised to grow from USD 41.66 billion in 2024 to USD 105.39 billion by 2032, growing at a CAGR of 12.3% during the forecast period (2025-2032).
The genomics sector is witnessing significant transformation, driven by advancements in the understanding of DNA structure, function, and mapping. As the global incidence of cancer escalates, so does government support, with increased funding fueling innovative genomics projects. This surge has enabled the emergence of personalized medicine, revolutionizing treatment strategies in clinical oncology and rare genetic disorders. Concurrently, academia is delving into the correlations between genetics and cognitive disorders, further expanding genomics applications. The heightened focus on cancer research, coupled with a demand for expedited clinical diagnostics and robust investments from government bodies and biopharmaceutical firms, is propelling the genomics market towards rapid revenue growth. This multifaceted evolution reflects the profound impact genomics has on healthcare and medical sciences.
Top-down and bottom-up approaches were used to estimate and validate the size of the Genomics market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Genomics Market Segments Analysis
Global Genomics Market is segmented by Offering, Product Type, Technology, Service Type, Application, Study Type, End User and region. Based on Offering, the market is segmented into Products and Services. Based on Product Type, the market is segmented into Reagents, Kits, And Consumables, Instruments and Bioinformatics Tools. Based on Technology, the market is segmented into Sequencing, PCR, Gene Editing,Flow Cytometry, Microarrays, In Situ Hybridization and Other Technologies. Based on Service Type, the market is segmented into Genomic Profiling and Sequencing Services, Sample Preparation and Library Preparation Services and Bioinformatics Services. Based on Application, the market is segmented into Drug Discovery and Development, Diagnostics and Other Applications. Based on Study Type, the market is segmented into Functional Genomics, Biomarker Discovery, Pathway Analysis, Epigenomics and Other Study Types. Based on End User, the market is segmented into Hospitals, Diagnostic Laboratories, and Clinics, Academic and Research Institutes, Pharmaceutical And Biotechnology Companies and Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Genomics Market
The Genomics market is experiencing significant growth due to the expanding utilization of Next-Generation Sequencing (NGS) in various applications, particularly in cancer research. This technology encompasses a range of uses, including whole-genome sequencing, the exploration of genomic diversity, metagenomics, epigenetic studies, the identification of non-coding RNAs and protein-binding sites, as well as gene-expression profiling via RNA sequencing. Each of these applications enhances our understanding of genetics and disease, thereby fueling demand in the Genomics market. The increasing reliance on NGS technologies signifies their crucial role in advancing genomic studies and innovations.
Restraints in the Genomics Market
The genomics market is facing potential challenges, particularly regarding the availability of skilled personnel, which is a common constraint in many industries. Additionally, the high costs associated with genomic equipment and the complexities of data storage-stemming from sequenced data between 2023 and 2031-may hinder market growth. While the incorporation of genomic technologies in healthcare has the capacity to improve safety, quality, efficiency, and overall cost-effectiveness, realizing these advantages is heavily contingent upon having access to qualified professionals. Thus, without addressing these limitations, the expansion and effectiveness of the genomics market could be significantly impacted.
Market Trends of the Genomics Market
The genomics market is witnessing a pivotal shift as Illumina phases out its OmniExpress chip in favor of the customized Global Screening Array (GSA) microarray. This transition is compelling companies like Ancestry.com to adapt quickly by either adopting the GSA, integrating Thermo Fisher Scientific products, or investing in next-generation sequencing (NGS) technology. This trend underscores a broader movement within the genomics industry toward enhanced precision, scalability, and cost-effectiveness in genetic analysis. As organizations pivot to maintain competitive advantages, the demand for innovative sequencing solutions is expected to accelerate, driving growth and transformation in the genomics landscape.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Patent Analysis
Regulatory Analysis
Technology Analysis
Case Studies
Global Genomics Market Size by Offering & CAGR (2025-2032)
Market Overview
Products
Services
Global Genomics Market Size by Product Type & CAGR (2025-2032)
Market Overview
Reagents, Kits, And Consumables
Instruments
Bioinformatics Tools
Global Genomics Market Size by Technology & CAGR (2025-2032)
Market Overview
Sequencing
PCR
Gene Editing
Flow Cytometry
Microarrays
In Situ Hybridization
Other Technologies
Global Genomics Market Size by Service Type & CAGR (2025-2032)
Market Overview
Genomic Profiling and Sequencing Services
Sample Preparation and Library Preparation Services
Bioinformatics Services
Global Genomics Market Size by Application & CAGR (2025-2032)
Market Overview
Drug Discovery and Development
Diagnostics
Infectious Diseases
Reproductive Health
Other Diagnostic Applications
Agriculture And Animal Research
Other Applications
Global Genomics Market Size by Study Type & CAGR (2025-2032)
Market Overview
Functional Genomics
Biomarker Discovery
Pathway Analysis
Epigenomics
Other Study Types
Global Genomics Market Size by End User & CAGR (2025-2032)
Market Overview
Hospitals, Diagnostic Laboratories, and Clinics
Academic and Research Institutes
Pharmaceutical And Biotechnology Companies
Other End Users
Global Genomics Market Size & CAGR (2025-2032)
North America (Offering, Product Type, Technology, Service Type, Application, Study Type, End User)
US
Canada
Europe (Offering, Product Type, Technology, Service Type, Application, Study Type, End User)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Offering, Product Type, Technology, Service Type, Application, Study Type, End User)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Offering, Product Type, Technology, Service Type, Application, Study Type, End User)
Brazil
Rest of Latin America
Middle East & Africa (Offering, Product Type, Technology, Service Type, Application, Study Type, End User)