Optical Genome Mapping Market 2023 Driving Factors Forecast Research 2029

Optical genome mapping market is anticipated to grow at a CAGR of 11.5% during the forecast period (2023-2030). Optical genome mapping used in the field of molecular cytogenetics, has the potential to replace conventional testing methodologies in clinical diagnostics. The growing adoption of cytogenetic/molecular genetics technologies with improved standard diagnostics is the key factor supporting the growth of the market globally. Dubbed 'New Generation Cytogenetics', optical genome mapping, when compared to conventional diagnostic techniques, offers better resolution and can detect a wider range of genetic abnormalities. Hence, the market players are also focusing on introducing next-generation genetic testing tools that further bolster the market growth. For instance, in July 2023, the Centre for Cellular & Molecular Biology (CCMB) in Hyderabad, India launched an innovative high-end next-generation genetic testing tool called 'Optical Genome Mapping' (OGM) that may discover genomic anomalies causing a variety of hereditary diseases in humans.

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The global optical genome mapping market is segmented on the product, application, and end users. Based on the product, the market is sub-segmented into consumables and instruments. Based on the application, the market is sub-segmented into genome assembly, structural variation detection, microbial strain typing, haplotype phasing, and others (improving de novo plant genome assemblies, identifying genetic abnormalities, diagnosing non-hematological cancers). Further, based on end-users, the market is sub-segmented into research and academic institutions, biotechnology & pharmaceutical companies, clinical laboratories, and others. Among the applications, the genome assembly sub-segment is anticipated to hold a considerable share of the market. The rise in the development of next-generation sequencing technologies has significantly boosted the results of genome assembly that have mostly been applied in a post-processing stage after contig assembly.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Optical Genome Mapping Market Report Segment
By Product
• Consumables
• Instruments

By Application
• Genome Assembly
• Structural Variation Detection
• Microbial Strain Typing
• Haplotype Phasing
• Others (Improving De Novo Plant Genome Assemblies, Identifying Genetic Abnormalities, Diagnosing Non-Haematological Cancers)

By End Users
• Research & Academic Institutions
• Biotechnology & Pharmaceutical Companies
• Clinical Laboratories
• Others (CRO)

Global Optical Genome Mapping Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global optical genome mapping market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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