Press release
Genomics Market Is Estimated To Move Ahead At A Cagr Of 17.33% From 2025 To 2034
Genomics Market
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➤ Market Size
• The global genomics market was valued at approximately USD 38.23 Billion in 2024.
• It is expected to grow to around USD 44.22 Billion in 2025.
• By 2034, the market is projected to reach USD 189.02 Billion.
• This growth reflects a strong compound annual growth rate (CAGR) of about 17.33% over the forecast period 2025-2034.
• Expansion is driven by rising demand for genomic sequencing, analysis, and applications in healthcare and research.
➤ Market Overview
• Genomics involves the study of genomes - complete DNA sequences - and includes sequencing, analysis, and interpretation of genetic data.
• The market serves applications such as functional genomics, biomarker discovery, pathway analysis, and epigenetics.
• Genomic tools and technologies enable precision diagnostics, improved disease understanding, and tailored therapeutic strategies.
• Advances in sequencing methods and data analytics have dramatically reduced costs and increased accessibility.
• Growth has also been supported by increased research funding and utilization in pharmaceutical, clinical, and academic sectors.
➤ Key Market Growth Drivers
• Precision medicine demand: Genomics underpins personalized treatment and preventive care, making it central to next-generation healthcare.
• Rising incidence of chronic diseases: Increased prevalence of cancer and genetic disorders drives demand for genomic testing and analysis.
• Technological progress: Advancements in DNA sequencing, bioinformatics, and data storage improve performance and reduce costs.
• Research expansion: Growth in clinical research and biotechnology applications increases uptake of genomics tools.
• COVID-19 impact: The pandemic accelerated genomics adoption for pathogen sequencing and diagnostics.
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➤ Analysis of Key Players - Key Player Strategies
• Major genomics market participants include Thermo Fisher Scientific Inc., Agilent Technologies, Pacific Biosciences of California Inc., QIAGEN N.V., Quest Diagnostics, Myriad Genetics Inc., Eppendorf AG, Beijing Genomics Institute (BGI), Bio-Rad Laboratories, Danaher Corporation, F. Hoffmann-La Roche Ltd., GE Healthcare, Illumina Inc., Oxford Nanopore Technologies, Eurofins Scientific, Color, and 23andMe Inc.
• Strategy focus includes expanding product portfolios in sequencing instruments, consumables, and services.
• Companies invest in R&D for next-generation sequencing platforms and data analytics solutions.
• Strategic acquisitions and partnerships are common to broaden technology capabilities and market reach.
• Emphasis on developing direct-to-consumer genomic services and diagnostics supports diversified revenue streams.
➤ Market Challenges & Opportunities
• Challenges:
• High cost and complexity of advanced genomic technologies can limit accessibility for smaller laboratories and researchers.
• Ethical, regulatory, and data privacy concerns may affect personal genomic data usage.
• Opportunities:
• Growing adoption of genomics in pharmaceutical R&D supports targeted drug development.
• Expansion into emerging markets offers new customer bases and research partnerships.
• Increasing use of genomics in preventive health testing and consumer genetics broadens market potential.
➤ Recent Developments (as per report)
• The report highlights that many market players are acquiring smaller companies to improve market share and expand technological capabilities.
• Genomics company activity reflects a trend toward vertical and horizontal integration to strengthen competitive positioning.
➤ Investment Landscape and ROI Outlook
• Genomics markets offer compelling growth prospects due to high growth rates and expanding applications in healthcare and research.
• Investors benefit from increasing demand for precision medicine and genetic testing services, which drives recurring revenue.
• Funding in R&D and public-private collaborations enhances innovation and commercialization.
• Continuous technology upgrades create opportunities for new entrants and existing players to capture value.
• Genomics data analytics and cloud solutions provide additional investment avenues for scalable growth.
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➤ Market Segmentations (with region)
By Application:
• Functional Genomics
• Pathway Analysis
• Biomarker Discovery
• Epigenetics
• Others
By Deliverables:
• Products
• Services
By End User:
• Pharmaceutical and Biotechnology Companies
• Clinics and Hospitals
• Government Institutes and Academic Institutes
• Clinical Research
• Others
By Region:
• North America - Largest market due to advanced genomic infrastructure and healthcare investment.
• Asia-Pacific - Fastest growing region supported by expanding research activity.
• Europe
• Middle East & Africa
• South & Central America
➤ Why Buy This Report?
• Provides a comprehensive forecast to 2034 with reliable market sizing and growth estimates.
• Offers competitive landscape insights including strategies of key genomics industry players.
• Includes detailed segmentation by application, deliverables, end users, and region.
• Highlights key growth drivers, challenges, and investment outlook for strategic decision-making.
• Supports stakeholders in planning market entry, expansion, and portfolio strategies.
➤ FAQs
Q. • What is the current size of the global genomics market?
• The global genomics market was valued at around USD 44.22 Billion in 2025.
Q. • What is the expected market size by 2034?
• It is projected to reach approximately USD 189.02 Billion by 2034.
Q. • What is the forecast CAGR for the genomics market?
• The genomics market is expected to grow at a CAGR of about 17.33 % from 2025 to 2034.
Q. • Which region leads the genomics market?
• North America is the largest market, with Asia-Pacific showing the fastest growth.
Q. • Who are the prominent players in the global genomics market?
• Key participants include Thermo Fisher Scientific, Agilent Technologies, Pacific Biosciences, QIAGEN, Illumina, Roche, BGI, and 23andMe, among others.
➤ More Related Reports by Custom Market Insights-
Global Medical Devices Market 2024-2033
https://www.custommarketinsights.com/report/medical-devices-market/
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https://www.custommarketinsights.com/report/vibrating-mesh-nebulizer-market/
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https://www.custommarketinsights.com/report/foot-orthotic-insoles-market/
Global Cardiac POC Testing Market 2025 - 2034
https://www.custommarketinsights.com/report/cardiac-poc-testing-market/
➤ Conclusion
The global genomics market is poised for strong growth, expanding from an estimated USD 44.22 Billion in 2025 to approximately USD 189.02 Billion by 2034 at a CAGR of 17.33 %. Growth is driven by rising demand for genomic sequencing, precision medicine, and biomarker discovery across healthcare and research sectors. Advances in sequencing technologies, reduced operational costs, and expanding applications in disease diagnosis and therapy accelerate adoption worldwide. North America remains the largest market, while Asia-Pacific shows rapid expansion supported by research investment and infrastructure development. Continued innovation by key players such as Thermo Fisher and Illumina will further enhance market capabilities and investment appeal.
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About Custom Market Insights:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
CMI is a one-stop solution for data collection and investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts advise clients on aspects such as strategies for future estimation, forecasting, opportunities to grow, and consumer surveys.
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