Future of the Global Genomic Selection Platform Market: Trends, Innovations, and Key Forecasts Through 2034

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Genomic Selection Platform Market Size Growth Forecast: What to Expect by 2025?
The market size for genomic selection platforms has seen swift expansion in the last few years. This growth is expected to continue, increasing from $1.94 billion in 2024 to $2.27 billion in 2025, with a compound annual growth rate (CAGR) of 17.3%. Several factors have contributed to this growth throughout the historical period, including advancements in agricultural biotechnology, the increasing prominence of quantitative genetics in breeding programs, a heightened emphasis on disease resistance in crops and livestock, the proliferation of collaborative research programs, and the escalating pressures from disease and fluctuating climate conditions.

How Will the Genomic Selection Platform Market Size Evolve and Grow by 2029?
The market for genomic selection platforms is predicted to experience a significant surge in the ensuing years, with the market valuation projected to reach $4.25 billion by 2029, showing a compound annual growth rate (CAGR) of 16.9%. The expected growth during this timeframe can be ascribed to factors such as the escalating worldwide demand for food, the development of precision farming, increased emphasis on sustainable breeding practices, the progress in livestock genomics, as well as the expansion of contract breeding and genomic services. Key trends to watch out for during this forecasted period encompass progressions in next-generation sequencing (NGS), digital agriculture tool integrations, artificial intelligence and machine learning integrations, the embracement of cloud-based genomic data platforms, and the amalgamation of multi-omics data.

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What Drivers Are Propelling the Growth of Genomic Selection Platform Market Forward?
The growing implementation of personalized medicine is set to boost the expansion of the genomic selection platform market in the future. Personalized medicines take into consideration an individual's unique genetic profile, lifestyle and environmental factors to strategize treatment and prevention. The rising use of personalized medicines is hugely attributed to developments in genomics, making precise identification of genetic variations and individualized treatments possible. Genomic selection platforms, by providing accurate genomic insights, prove invaluable in personalizing therapies to patient requirements, thus limiting trial-and-error in treatment selection, enhancing treatment efficacy and improving patient outcomes. For example, based on data from the Personalized Medicine Coalition (PMC), a US-based nonprofit organization, the U.S. Food and Drug Administration (FDA) sanctioned 26 new personalized medicines in 2023; a considerable increase from the 12 approved in 2022. Thus, increased receptivity towards personalized medicine is fuelling the expansion of the genomic selection platform market. Accelerating the genomic selection platform market further is the rise in crop yields, critical for improving agricultural productivity and efficient breeding. Crop yield, i.e., the agricultural produce per land unit (such as grains, fruits, or vegetables), is witnessing growth due to innovations in agricultural biotechnology reinforcing plant genetics and resilience. Genomic selection platforms boost crop yields by precision selection of superior plant species, making them indispensable for contemporary agriculture and breeding programs. These platforms also reduce the cost and time spent on traditional breeding by offering accurate genetic predictions, thereby enhancing farm productivity and food security. For example, data from the Department for Environment, Food and Rural Affairs, a UK-based government agency, show that total cereal production in the UK, including wheat, barley, oats, and minor cereals, reached 24.3 million tonnes in 2022, marking an 8% increase from 2021. Thus, escalating crop yields are fuelling the expansion of the genomic selection platform market.

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Which Emerging Trends Are Transforming the Genomic Selection Platform Market in 2025?
In the market sector for genomic selection platforms, leading corporations are concentrating their efforts on creating innovative solutions, including targeted sequencing platforms. The intent of these platforms is to enhance trait prediction and speed up breeding programs. These platforms are a type of genomic technology designed to focus on sequencing specific genome areas instead of the whole genome. For instance, in October 2024, Element Biosciences Inc., a life sciences technology company based in the United States, introduced Trinity. This significant leap forward in targeted sequencing platform technology simplifies exome capture, knitting together traditionally multifaceted steps into their AVITI System. Trinity eliminates the need for specialized equipment and decreases up to five hours of manual labor. It also offers a one-hour hybridization opportunity for results the same day, making it perfect for studies with tight timelines. Trinity can also adapt to support customized panels across a broad range of applications such as oncology, respiratory diseases, and minimal residual disease (MRD). Its capabilities in providing faster, economical, and accessible sequencing, representing the first significant progress in exome capture.

What Are the Key Segments in the Genomic Selection Platform Market?
The genomic selection platform market covered in this report is segmented as

1) By Component: Software, Hardware, Services
2) By Deployment Mode: On-Premises, Cloud-Based
3) By Application: Plant Breeding, Animal Breeding, Human Genomics, Other Applications
4) By End-User: Research Institutes, Biotechnology Companies, Agricultural Organizations, Other End Users

Subsegments:
1) By Software: Genomic Data Management Software, Bioinformatics And Statistical Analysis Tools, DNA Or RNA Sequencing Data Processing Software, Genomic Prediction And Modeling Software, Cloud-Based Genomic Platforms, Workflow Automation And Integration Tools
2) By Hardware: Next-Generation Sequencing (NGS) Systems, Polymerase Chain Reaction (PCR) Instruments, Microarray Analyzers, High-Performance Computing (HPC) Systems, Data Storage Servers, Laboratory Automation And Robotics
3) By Services: Sequencing And Genotyping Services, Data Analysis And Interpretation Services, Cloud Hosting & Data Storage Services, Custom Bioinformatics Solutions, Training And Technical Support Services, Consulting And Implementation Services

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Who Are the Key Players Shaping the Genomic Selection Platform Market's Competitive Landscape?

Major companies operating in the genomic selection platform market are F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., GE Healthcare Technologies Inc., Eurofins Scientific SE, Agilent Technologies Inc., Illumina Inc., Beckman Coulter Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., MGI Tech Co. Ltd., Azenta Inc., 10x Genomics Inc., Oxford Nanopore Technologies plc, Ultima Genomics Inc., Element Biosciences Inc., DNAnexus Inc., Deep Genomics Inc., Epigene Labs Inc., Quotient Therapeutics Inc., Evogene Ltd., Nebula Genomics Inc., Verinomics Inc., InEdita Bio Inc., GenEmbryomics Inc., and Enigma Genomics Inc.

What Geographic Markets Are Powering Growth in the Genomic Selection Platform Market?
North America was the largest region in the genomic selection platform market in 2024. The regions covered in genomic selection platform report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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