Global Genomics Market Surges Toward USD 115.4 Billion Milestone by 2031, Driven by Precision Medicine and AI-Powered Research Breakthroughs | Top key players - Agilent Technologies, Bio-Rad Laboratories, Inc., BGI Genomics.

The Global Genomics Market reached USD 27.9 billion in 2022 and is expected to reach USD 115.4 billion by 2031, growing with a CAGR of 18.7% during the forecast period 2024-2031.

The Genomics Market, as analyzed by DataM Intelligence, offers a comprehensive industry overview backed by in-depth insights, historical trends, and key statistics. The report dives deep into market dynamics and competitive strategies, profiling major players along with their product portfolios, pricing models, financial performance, growth initiatives, and regional presence.

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The Genomics Market encompasses products and services used to analyze, sequence, and manipulate genomes to understand genetic information. It includes technologies like next-generation sequencing, bioinformatics, and gene editing. Driven by advancements in personalized medicine, diagnostics, and biotechnology research, the market supports applications across healthcare, agriculture, and pharmaceuticals, enabling breakthroughs in disease prevention, treatment, and biological discovery.

Major players in the Genomics Market

The prominent players in Genomics market research report are: Agilent Technologies, Bio-Rad Laboratories, Inc., BGI Genomics, Color Genomics, Inc., Danaher Corporation, Eurofins Scientific, F. Hoffmann-La Roche Ltd., GE Healthcare, Illumina, Inc., and Myriad Genetics, Inc., among others.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

Key Development

On July 18, 2023, Genomic Vision, a Euronext-listed biotechnology company specializing in high-precision DNA characterization, announced the launch of HexaCard, a groundbreaking service based on its proprietary Molecular Combing Technology (MCT). Designed as a comprehensive solution for the cell and gene therapy (CGT) and biomanufacturing sectors, HexaCard enables the precise visualization and measurement of individual DNA molecules. By integrating six analytical parameters into a single assay, HexaCard streamlines genomic analysis, providing a versatile, one-stop platform for evaluating engineered genome modifications with unmatched clarity and efficiency.

On July 12, 2023, Illumina, Inc. introduced DRAGEN 4.2, the latest update to its powerful next-generation sequencing (NGS) analysis software. DRAGEN 4.2 enhances accuracy, flexibility, and scalability, empowering researchers to develop efficient workflows and derive deeper insights from complex genomic data. The release underscores Illumina's commitment to advancing genomics through continuous innovation in bioinformatics.

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Market Segments

By Application & Technology: Functional Genomics, Epigenomics, Pathway Analysis, Biomarker Discovery, Others.

By Products and Services: Products, Services, Core Genomics Services, Biomarker Translation Services, Computational Services, Others.

By End-User: Clinical Research, Academic & Government Institutes, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, Others.

The Genomics industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.

Regions Covered:

The global Genomics Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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