Global Genomics Market to 2025
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According to a new market research study titled ‘Genomics Market to 2025 – Global Analysis and Forecasts by
Technology, Product & Services, Application and End User’. The global genomics market is expected to reach US$
32,995.3 Mn in 2025 from US$ 14,728.6 in 2017. The market is estimated to grow with a CAGR of 10.8% from 2018-
2025. The report highlights the trends prevalent in the global genomics market and the factors driving the market along
with those that act as deterrents to its growth.
Global genomics market, based on technology was segmented into sequencing, microarray, PCR, nucleic acid
extraction and purification, and others. In 2017, sequencing segment held the largest share of the market, by
technology. Moreover, the sequencing segment held the largest share of the market owing to its variant libraries,
genes, operons, increase the function of proteins, and to test the particular gene. However, the microarray segment is
expected to grow at the fastest rate during the coming years.
The market for genomics is expected to grow as growth in investments & funds for genomics, declining cost of
sequencing procedures, increasing number of start-up companies, technological advancements in genomics are
expected to fuel the market growth during the forecast period. In addition, the technologies of genomics are likely to
have a positive impact on the growth of the market in the coming years.
The major players operating in the genomics market include Thermo Fisher Scientific Inc., Illumina Inc., and Eurofins,
Qiagen, Agilent Technologies, BGI, Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche AG, Danaher, and GE Healthcare.
For instance, in October 2018, Roche launched the three new next-generation sequencing (NGS) AVENIO Tumor Tissue
Analysis Kits, the AVENIO Tumor Tissue Targeted Kit, Expanded Kit and Surveillance Kit. The kits detect all four
mutation classes in solid tumours, complement Roche’s NGS ctDNA kits for oncology research. The developments
performed by the companies are helping the market to grow in the coming years.
The report segments the global genomics market as follows:
Global Genomics Market – By Technology
Sequencing
Microarray
Polymerase Chain Reaction
Nucleic Acid Extraction and Purification
Others
Global Genomics Market – By Product & Services
Instruments/Systems
Consumables
Services
Global Genomics Market – By Application
Diagnostics
Drug Discovery and Development
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