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Report
Genomics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 139 Pages I IMARC Group
Market Overview:
The global genomics market size reached US$ 29.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.8 Billion by 2028, exhibiting a growth rate (CAGR) of 15% during 2023-2028.
Genomics is the study of the function, mapping, structure, evolution, and genomes (genes) of an individual. It relies on consumables, systems, software, and services for diagnostics, drug discovery, development of precision medicine, and agricultural research. It aids in providing diagnostic and predictive insights that help healthcare professionals in research and finalizing treatment options for diseases, such as Alzheimer's, diabetes, and cancer. As a result, it is utilized around the world in studying biological systems and solving complex genetic problems in hospitals, private clinics, diagnostic, and research centers.
Significant advancements in the genomic field, increasing prevalence of chronic and infectious disorders among the masses, and rising preferences for personalized medicines are major factors bolstering the market growth. It can also be attributed to the growing adoption of non-invasive cancer screening-based research. In addition, the expanding global population, changing climatic conditions, rising food security concerns, and spreading awareness about the harmful effects of chemical-based fertilizers are driving the need for genomics to improve crop yield. This, in confluence with the shifting consumer preferences for organic food products, is contributing to the market growth. Furthermore, expanding investments in research and development (R&D) of biotechnology, coupled with extensive improvements in medical infrastructure and diagnostic technologies, are creating a positive outlook for the market. Apart from this, the integration of genomics-based apps and tests to identify DNA alterations is offering lucrative growth opportunities to industry investors.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global genomics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, application, technology, and end-user.
Breakup by Component:
Products
Instruments and Software
Consumables and Reagents
Services
Core Genomics Services
NGS-Based Services
Biomarker Translation Services
Computational Services
Others
Consumables and reagents hold the biggest market share as they aid in performing single-molecule and real-time (SMRT) sequencing.
Breakup by Application:
Functional Genomics
Epigenomics
Biomarkers Discovery
Pathway Analysis
Others
Functional genomics dominates the application segment as they help improve crop plants, human health, and livestock.
Breakup by Technology:
Sequencing
Microarray
Polymerase Chain Reaction
Nucleic Acid Extraction and Purification
Others
Sequencing exhibits a clear dominance in the market as it provides information on genetic variants that can lead to different diseases.
Breakup by End-User:
Research Centers
Hospitals and Clinics
Pharmaceutical and Biotechnology Companies
Others
Pharmaceutical and biotechnology companies hold the majority of the total market share as they help modify genes and provide a new platform for the high-throughput genetic analysis of forest trees.
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America holds the majority of the global genomics market share on account of increasing preferences for personalized medicines.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are 23andMe, Inc, Agilent Technologies, Inc., Bayer AG, BGI Group, Bio-Rad Laboratories, Inc., Danaher Corporation, Illumina, Inc., Oxford Nanopore Technologies, PerkinElmer, Inc., Myriad Genetics, Inc., F. Hoffmann-La Roche Ltd, and Thermo Fisher Scientific Inc.
Key Questions Answered in This Report
1. What was the size of the global genomics market in 2022?
2. What is the expected growth rate of the global genomics market during 2023-2028?
3. What are the key factors driving the global genomics market?
4. What has been the impact of COVID-19 on the global genomics market?
5. What is the breakup of the global genomics market based on the component?
6. What is the breakup of the global genomics market based on the application?
7. What is the breakup of the global genomics market based on the technology?
8. What is the breakup of the global genomics market based on the end-user?
9. What are the key regions in the global genomics market?
10. Who are the key players/companies in the global genomics market?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Genomics Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Component
6.1Products
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Instruments and Software
6.1.2.2 Consumables and Reagents
6.1.3 Market Forecast
6.2Services
6.2.1 Market Trends
6.2.2 Major Types
6.2.2.1 Core Genomics Services
6.2.2.2 NGS-Based Services
6.2.2.3 Biomarker Translation Services
6.2.2.4 Computational Services
6.2.2.5 Others
6.2.3 Market Forecast
7 Market Breakup by Application
7.1Functional Genomics
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Epigenomics
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Biomarkers Discovery
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Pathway Analysis
7.4.1 Market Trends
7.4.2 Market Forecast
7.5Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Technology
8.1Sequencing
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Microarray
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Polymerase Chain Reaction
8.3.1 Market Trends
8.3.2 Market Forecast
8.4Nucleic Acid Extraction and Purification
8.4.1 Market Trends
8.4.2 Market Forecast
8.5Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End-User
9.1Research Centers
9.1.1 Market Trends
9.1.2 Market Forecast
9.2Hospitals and Clinics
9.2.1 Market Trends
9.2.2 Market Forecast
9.3Pharmaceutical and Biotechnology Companies
9.3.1 Market Trends
9.3.2 Market Forecast
9.4Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Competition
13.5Threat of New Entrants
13.6Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
15.3.123andMe, Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2Agilent Technologies, Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3Bayer Aktiengesellschaft
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4BGI Genomics Co. Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5Bio-RAD Laboratories Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6Danaher Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7Illumina Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8Oxford Nanopore Technologies
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9PerkinElmer Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10Myriad Genetics Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11Roche Holding AG
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12Thermo Fisher Scientific Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
Figure 1: Global: Genomics Market: Major Drivers and Challenges
Figure 2: Global: Genomics Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Genomics Market: Breakup by Component (in %), 2022
Figure 4: Global: Genomics Market: Breakup by Application (in %), 2022
Figure 5: Global: Genomics Market: Breakup by Technology (in %), 2022
Figure 6: Global: Genomics Market: Breakup by End-User (in %), 2022
Figure 7: Global: Genomics Market: Breakup by Region (in %), 2022
Figure 8: Global: Genomics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Genomics (Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Genomics (Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Genomics (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Genomics (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Genomics (Functional Genomics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Genomics (Functional Genomics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Genomics (Epigenomics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Genomics (Epigenomics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Genomics (Biomarkers Discovery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Genomics (Biomarkers Discovery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Genomics (Pathway Analysis) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Genomics (Pathway Analysis) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Genomics (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Genomics (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Genomics (Sequencing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Genomics (Sequencing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Genomics (Microarray) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Genomics (Microarray) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Genomics (Polymerase Chain Reaction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Genomics (Polymerase Chain Reaction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Genomics (Nucleic Acid Extraction and Purification) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Genomics (Nucleic Acid Extraction and Purification) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Genomics (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Genomics (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Genomics (Research Centers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Genomics (Research Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Genomics (Hospitals and Clinics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Genomics (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Genomics (Pharmaceutical and Biotechnology Companies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Genomics (Pharmaceutical and Biotechnology Companies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Genomics (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Genomics (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: North America: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North America: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: United States: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: United States: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Canada: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Canada: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Asia Pacific: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Asia Pacific: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: China: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: China: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Japan: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Japan: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: India: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: India: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: South Korea: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: South Korea: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Australia: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Australia: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Indonesia: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Indonesia: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Europe: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Europe: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Germany: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Germany: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: France: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: France: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: United Kingdom: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: United Kingdom: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Italy: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Italy: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Spain: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Spain: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Russia: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Russia: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Latin America: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Latin America: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Brazil: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Brazil: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Mexico: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Mexico: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Middle East and Africa: Genomics Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Middle East and Africa: Genomics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Global: Genomics Industry: SWOT Analysis
Figure 90: Global: Genomics Industry: Value Chain Analysis
Figure 91: Global: Genomics Industry: Porter's Five Forces Analysis
Table 1: Global: Genomics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Genomics Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Genomics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Genomics Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 5: Global: Genomics Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 6: Global: Genomics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Genomics Market: Competitive Structure
Table 8: Global: Genomics Market: Key Players
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