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Rising Demand For Personalized Medicine Fuels Growth Of The Multiomics Market: A Significant Driver Propelling The Multiomics Market In 2025
The Multiomics 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 Multiomics Market Size and Projected Growth Rate?
The multiomics market has shown rapid growth in recent years. It will grow from $3.27 billion in 2024 to $3.85 billion in 2025 at a CAGR of 17.9%. Growth in this sector is driven by advances in biomedical research, rising investment from public and private sectors, an increase in chronic disease cases, improved data analytics tools, and technological innovation.
The multiomics market is expected to grow rapidly, reaching $7.38 billion in 2029 at a CAGR of 17.6%. The growth is driven by advances in artificial intelligence and machine learning, the expansion of clinical applications, the growth of the biopharmaceutical industry, the rise of integrated multiomics platforms, and increased use in agricultural and environmental research. Trends to watch include the launch of new multiomics platforms, spatially resolved multiomics analysis, advancements in biopharmaceutical research and development, and expansion into clinical diagnostics.
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What Are the Major Segments in the Multiomics Market?
The multiomics market covered in this report is segmented -
1) By Type: Single-Cell Multiomics, Bulk Multiomics
2) By Platform: Genomics, Transcriptomics, Proteomics, Metabolomics, Integrated Omics Platforms
3) By Application: Diagnostics, Drug Discovery And Development, Personalized Medicine, AgriGenomics, Other Applications
4) By End User: Academics And Research Organization, Pharmaceutical And Biotechnology Companies, Clinical research Organization, Other End-Users
Subsegments:
1) By Single-Cell Multiomics: Single-Cell Genomics, Single-Cell Transcriptomics, Single-Cell Epigenomics, Single-Cell Proteomics, Single-Cell Metabolomics
2) By Bulk Multiomics: Genomics, Transcriptomics, Epigenomics, Proteomics, Metabolomics
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What Are The Driving Multiomics Market Evolution?
The increasing demand for personalized medicine is expected to propel the growth of the multiomics market. Personalized medicine customizes healthcare based on an individual's genetic, environmental, and lifestyle factors. This approach is gaining traction due to advancements in technology, growing demand for targeted therapies, and improvements in global healthcare. Multiomics aids personalized medicine by providing a detailed understanding of an individual's genetic, molecular, and metabolic profile, enabling more precise treatment plans. For instance, in February 2024, the Personalized Medicine Coalition reported that the FDA approved 16 new personalized therapies in 2023, up from six in 2022. Therefore, the growing demand for personalized medicine is driving the multiomics market.
Which Firms Dominate The Multiomics Market Segments?
Major companies operating in the multiomics market are Bayer AG, Thermo Fisher Scientific Inc., Novartis AG, Becton Dickinson and Company, Eurofins Scientific SE, Agilent Technologies Inc., Illumina Inc., Shimadzu Corporation, Bruker Corporation, Bio-Techne, Azenta Life Sciences, 10x Genomics, Ginkgo Bioworks, Abcam limited, BioLegend, Oxford Nanopore Technologies Plc, Adaptive Biotechnologies, Pacific Biosciences, Standard BioTools, Parse Biosciences, Mission Bio, CD Genomics, Singleron Biotechnologies, Psomagen, BGI Group
What Trends Are Expected to Dominate the Multiomics Market in the Next 5 Years?
Major companies in the multiomics market are advancing single-cell multiomics platforms to allow high-throughput studies without compromising sample integrity. In February 2023, Becton, Dickinson, and Company, a US-based medical device firm, introduced the BD Rhapsody HT Xpress, enabling isolation and analysis of more cells than earlier models. This system supports simultaneous analysis of multiple cell types, improving research efficiency and insights.
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Which Is The Largest Region In The Multiomics Market?
North America was the largest region in the multiomics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multiomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Multiomics Market?
2. What is the CAGR expected in the Multiomics Market?
3. What Are the Key Innovations Transforming the Multiomics Industry?
4. Which Region Is Leading the Multiomics Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
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