Press release
Genomics Services Market to Reach USD 16.2 Billion by 2035, Growing at 9.2% CAGR
Genomics Services Market
Additionally, partnerships between genomic companies and healthcare providers in emerging economies such as India and Brazil are helping extend access to precision testing to not only small segments of key populations through significant collaboration but also precision testing that empowers landscape initiatives in underprivileged regions.
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Regional Analysis of Global Genomics Services Market
Due to strong healthcare systems, significant research and development funding, and active adoption of new technologies, North America holds the largest share of the genomics services market. Followed by Europe, which has active funding and investment into precision medicine, and government support of genomic initiatives.
Moreover, the Asia-Pacific area is increasing rapidly due to growing awareness in the population, an increase in overall health spend, growth in demand for genetic testing in countries such as China and India. Lastly, Latin America and the Middle East & Africa are emerging markets and as access to genomics services continues to expand through partnerships and infrastructure development, they are expected to gradually pace up with the other regions.
Key players in the global genomics services market include prominent companies such as Agilent Technologies, Inc., BaseClear B.V., BGI Group, CD Genomics, CosmosID, Eurofins Scientific, F. Hoffmann-La Roche Ltd, Gene by Gene, Ltd., Genewiz (A Brooks Life Sciences Company), Illumina, Inc., Macrogen Inc., MedGenome Labs Ltd., Novogene Co., Ltd., Oxford Nanopore Technologies, PerkinElmer, Inc., QIAGEN N.V., SciGenom Labs Pvt. Ltd., Stratos Genomics (a Roche company), Thermo Fisher Scientific Inc., Veritas Genetics, and other key players, along with several other key players contributing to market growth through innovation, strategic partnerships, and global expansion.
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Key Driver, Restraint, and Growth Opportunity Defining the Global Genomics Services Market
The genomics services market is driven by the advancements toward next-generation sequencing (NGS) which are responsible for decreasing the cost and time for genome sequencing. Increasing demand for customized medicine and increasing instances of genetic disease bring about an increasing market potential as both physicians and researchers become more in tune with the need for leveraged genome information for genomic discovery and genomic personalized medicine.
The high costs associated with genomics services, along with the complexity of the genome and data interpretation, are major restricting forces. Additionally, stringent regulatory policies and concerns regarding data privacy and ethical concerns surrounding genetic data are weighty restrictions for continued growth in the application genomics within precision medicine and personalized medicine, specifically in developing and middle-income countries.
Emerging markets provide potential growth opportunities for genomics services as existing healthcare infrastructure improves, and awareness regarding the beneficial and life-saving advantages that genomics can bring about is increased. AI and machine learning will provide improvements to data analytics with genomics, and these technological advancements will contribute to therapies that develop precision medicine, thereby creating more potential to drive growth opportunities for the genomics services market to expand.
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Recent Development and Strategic Overview:
In August 2025, Agilent Technologies, Inc. launched a brand new suite of automated genomic sample preparation kits aimed at increasing accuracy and speed for next-generation sequencing workflows. The kits include integrated barcoding technology, which helps labs track samples more accurately, reducing errors along the way and increasing efficiency and reliability for genetic testing.
In September 2025, Eurofins Scientific expanded its genomics services portfolio by launching high-throughput whole-genome sequencing solutions. The new service encompasses data analytics and secured digital tracking with fast turnaround times and improved data integrity for both clinical and research globally.
Get a preview of our Genomics Services Market Playbook - your guide to GTM strategy, competitive intelligence, supplier dynamics, and Consumer Behavior Analysis: https://marketgenics.co/playbook/genomics-services-market-15410
Key Trend: Genomics Services Market Driven by Precision Medicine and AI-Enabled Data Analytics
The genomics services market is rapidly changing with extensive movement toward precision medicine and further data analysis through artificial intelligence. New sequencing technology, supported by artificial intelligence, helps produce better insight from genetic data which in turn can create customized treatment plans for patients.
Further, advances in real-time data measurements and more extensive machine learning algorithms to measure factors, improve accuracy, lower turn-around times, and enhance predictive diagnostics. In addition, trends of increased utilization of liquid biopsy testing and non-invasive testing also broaden the potential uses of genomics. As healthcare providers continue to reflect a focus on tailored therapies, this market is heading towards strategies to succeed through technological advances while fulfilling the requests for equally effective and efficient genetic testing services.
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MarketGenics is a global market research and management consulting company empowering decision makers across healthcare, technology, and policy domains. Our mission is to deliver granular market intelligence combined with strategic foresight to accelerate sustainable growth.
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