Optical Genome Mapping Market Size Forecasted To Achieve $0.63 Billion By 2029 With Steady Growth

The Optical Genome Mapping Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Optical Genome Mapping Market Size and Projected Growth Rate?
The optical genome mapping market, with a value of $0.17 billion in 2024, is expected to expand to $0.23 billion in 2025, growing at a remarkable CAGR of 29.7%. This growth is fueled by the increasing demand for advanced genomic analysis tools, more extensive research on large-scale genome identification, collaborations between manufacturers and hospitals, and the cost-effectiveness of optical genome mapping in large genome analysis.

The optical genome mapping market is projected to grow to $0.63 billion by 2029, at a CAGR of 29.4%. This rapid growth is fueled by advances in genomic research, the demand for precision medicine, increased government funding, robust healthcare infrastructure, and the rising prevalence of genetic diseases and cancer. Key trends include advanced optical genome mapping services, genomic research initiatives, improvements in DNA mapping technologies, and advancements in AI and ML for genomic data processing.

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What Are the Major Segments in the Optical Genome Mapping Market?
The optical genome mapping market covered in this report is segmented -

1) By Product: Instruments, Consumables And Reagents, Software, Services
2) By Application: Structural Variant Detection, Genome Assembly, Microbial Strain Typing, Other Applications
3) By End-User: Biotechnology And Pharmaceutical Companies, Clinical Laboratories, Academic Research Institutes, Other End-Users

Subsegments:
1) By Instruments: Optical Genome Mapping Systems, Imaging Systems, Detection And Analysis Devices
2) By Consumables And Reagents: DNA Preparation Kits, Labeling Reagents, Flow Cells
3) By Software: Data Analysis Software, Image Processing Software, Mapping Software
4) By Services: Data Analysis Services, Technical Support Services, Training And Consultation Services

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What Are The Driving Optical Genome Mapping Market Evolution?
The optical genome mapping market is projected to expand due to the growing demand for precision medicine. This approach customizes healthcare based on an individual's genetics and lifestyle, and the increasing focus on chronic disease management and technological advancements is driving demand for tools that support personalized treatments. In February 2024, the Personalized Medicine Coalition reported that the FDA approved 16 new personalized therapies in 2023, up from six in 2022, indicating the increasing role of precision medicine.

Which Firms Dominate The Optical Genome Mapping Market Segments?
Major companies operating in the optical genome mapping market are Agilent Technologies Inc., Illumina Inc., PerkinElmer Genomics, Bio-Rad Laboratories Inc., Qiagen N.V., Cerba Healthcare, GenScript Biotech Corporation, 10x Genomics Inc., Oxford Nanopore Technologies plc, Pacific Biosciences of California Inc., NanoString Technologies Inc., MedGenome, Element Biosciences, Bionano Genomics Inc., Stratos Genomics, BioSkryb Genomics, Source Genomics, Genoox, Nucleome Informatics Private Limited, Praxis Genomics LLC, Phase Genomics Inc., Daicel Arbor Biosciences, Nabsys, OpGen, Genohub Inc.

What Trends Are Driving Growth in The Optical Genome Mapping Market?
Key businesses in the optical genome mapping market are focusing on launching laboratory-developed tests (LDTs) based on optical genome mapping to improve diagnostics and provide more precise genomic analysis. These LDTs are designed and used within clinical laboratories using OGM technology. For example, in September 2022, US-based Bionano Genomics Inc. released an OGM-based LDT targeting facioscapulohumeral muscular dystrophy (FSHD). This test enables Bionano Laboratories to serve clients wanting to integrate OGM into their diagnostics or research efforts in collaboration with hospitals, pharma companies, and other stakeholders.

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Which Is The Largest Region In The Optical Genome Mapping Market?
North America was the largest region in the optical genome mapping market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical genome mapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Optical Genome Mapping Market?
2. What is the CAGR expected in the Optical Genome Mapping Market?
3. What Are the Key Innovations Transforming the Optical Genome Mapping Industry?
4. Which Region Is Leading the Optical Genome Mapping Market?

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