Rising Cancer Incidence Fuels Growth In The Genome Sequencing Market: A Key Driver Powering Genome Sequencing Market Growth In 2025

The Genome Sequencing 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 Current Genome Sequencing Market Size and Its Estimated Growth Rate?
The genome sequencing market size has grown significantly in recent years. It is expected to increase from $9.89 billion in 2024 to $11.78 billion in 2025 at a compound annual growth rate (CAGR) of 19.1%. The growth is attributed to the rising research funding, growing awareness of personalized medicine, increased genomic data, expansion in clinical applications, and the increasing demand for biomarker discovery.

The genome sequencing market is anticipated to grow to $23.63 billion by 2029, with a CAGR of 19.0%. Growth factors include genomic research advancements, the rising prevalence of genetic disorders and cancer, and increased public awareness. Trends include advancements in next-generation sequencing (NGS), AI integration, direct-to-consumer genetic testing, and portable sequencing devices.

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How Are Emerging Segments Shaping the Genome Sequencing Market Landscape?
The genome sequencingmarket covered in this report is segmented -

1) By Product: Consumables, Systems And Software, Services
2) By Technology: Polymerase Chain Reaction (PCR), Sequencing, Microarray, Nucleic Acid Extraction, Purification, Other Technologies
3) By Applications: Diagnostics, Drug Discovery, Precision Medicine, Environmental Genomics, Research, Other Applications
4) By End-User: Hospitals And Clinics, Biotechnology And Pharmaceutical Companies, Contract Research Organizations (CROs), Government, Research Centers, Academic And Government Institutes, Other End-Users

Subsegments:
1) By Consumables: Reagents And Kits, Sequencing Chips And Plates, Sample Preparation Products, Library Preparation Kits, DNA And RNA Extraction Kits
2) By Systems And Software: Next-Generation Sequencing (NGS) Systems, Sanger Sequencing Systems, Bioinformatics Software And Analysis Tools, Data Management And Storage Solutions, Laboratory Information Management Systems (LIMS)
3) By Services: Sequencing Services, Bioinformatics Analysis Services, Consultation And Support Services, Custom Genome Sequencing Solutions, Sample Collection And Preparation Services.

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Which Growth Factors Are Influencing Genome Sequencing Market Expansion?
The rising incidence of cancer is expected to fuel the growth of the genome sequencing market. Cancer cases are rising due to age, environment, lifestyle, and genetic factors. Genome sequencing identifies mutations and helps guide treatment and early detection. According to the World Health Organization in February 2024, new cancer cases may surpass 35 million by 2050-a 77% increase from 2022's 20 million. Thus, rising cancer rates are pushing genome sequencing forward.

Who Are the Dominant Players Across Different Genome Sequencing Market Segments?
Major companies operating in the genome sequencing market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Merck KGaA, Siemens Healthineers, Becton, Dickinson and Company, Eurofins Genomics, Agilent Technologies Inc., PerkinElmer, Illumina Inc., bioMérieux, Bio-Rad Laboratories Inc., QIAGEN N.V., 10x Genomics Inc., BGI Group, Oxford Nanopore Technologies plc, Pacific Biosciences of California Inc., GENEWIZ Inc., LI-COR Inc., CENTOGENE N.V., Bioneer Corporation, Strand Life Sciences Pvt Ltd., Nebula Genomics

What Are the Major Trends Shaping the Genome Sequencing Market?
Leading players in the genome sequencing market are concentrating on creating cutting-edge solutions like next-generation sequencing (NGS)-based assays to improve the precision of genetic analysis and support personalized medicine. These assays use advanced genomic technologies to quickly and affordably sequence millions of DNA or RNA fragments. In April 2023, Centogene N.V., a German genetic diagnostics provider, launched CentoGenome, an NGS-based assay offering lifelong diagnostic support and proactive diagnosis programs, ensuring continuous care and precise disease management. It uses a PCR-free approach to enhance sequencing quality and improve coverage of genomic regions, including coding and intronic areas, backed by an extensive bio databank.

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Which Geographic Regions Are Expected to Dominate the Genome Sequencing Market in the Coming Years?
North America was the largest region in the genome sequencing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the genome sequencing 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 Genome Sequencing Market?
2. What is the CAGR expected in the Genome Sequencing Market?
3. What Are the Key Innovations Transforming the Genome Sequencing Industry?
4. Which Region Is Leading the Genome Sequencing Market?

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