Genomics Market Size, Growth, Leading Companies, Trends, and Regional Insights b y 2034

Genomics Market Size

The global genomics market was worth USD 37.94 billion in 2024 and is anticipated to expand to around USD 175.18 billion by 2034, registering a compound annual growth rate (CAGR) of 16.53% from 2025 to 2034.

What is the Genomics Market?

The genomics market encompasses the study and analysis of an organism’s genome through various technologies and techniques. It involves sequencing, analyzing, and interpreting the genetic material of organisms to understand their genetic makeup. The market covers a wide range of applications, including gene therapy, personalized medicine, genetic testing, agricultural genomics, and more. The genomics market has witnessed exponential growth due to advancements in sequencing technologies and increasing adoption in healthcare and agriculture.

Why is the Genomics Market Important?

The genomics market is pivotal in revolutionizing healthcare and biotechnology by enabling personalized treatments and precision medicine. By decoding genetic information, healthcare providers can develop targeted therapies, reducing trial-and-error treatments. In agriculture, genomics helps in developing disease-resistant and high-yield crops, contributing to global food security. The market is also instrumental in forensics, drug discovery, and the diagnosis of genetic disorders. Its far-reaching impact makes it indispensable in modern science and technology.

Genomics Market Growth Factors

The genomics market is experiencing significant growth driven by technological advancements in next-generation sequencing (NGS), increased funding for genomic research, a growing focus on personalized medicine, and the integration of AI and bioinformatics in genomics analysis. Additionally, the decreasing cost of genome sequencing and rising demand for early diagnosis and treatment of genetic disorders further bolster market expansion.

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Genomics Market Top Companies

Here are some of the leading companies in the genomics market, their specialization, key focus areas, notable features, approximate 2024 revenue, market share, and global presence:

1. 23andMe

• Specialization: Direct-to-consumer genetic testing
• Key Focus Areas: Personalized genomics, ancestry tracking, genetic risk assessment
• Notable Features: Comprehensive ancestry and health risk reports
• 2024 Revenue (approx.): $500 million
• Market Share (approx.): 5%
• Global Presence: North America, Europe, Asia-Pacific

2. Agilent Technologies

• Specialization: Life sciences, diagnostics, and applied chemical markets
• Key Focus Areas: Genomic analysis, sequencing solutions, diagnostic tools
• Notable Features: High-precision instruments and reagents for gene expression analysis
• 2024 Revenue (approx.): $7.5 billion
• Market Share (approx.): 12%
• Global Presence: Global with significant presence in North America and Europe

3. Bio-Rad Laboratories

• Specialization: Life sciences research and clinical diagnostics
• Key Focus Areas: Digital PCR, gene expression profiling
• Notable Features: Robust PCR platforms and bioinformatics solutions
• 2024 Revenue (approx.): $2.8 billion
• Market Share (approx.): 8%
• Global Presence: Worldwide with a strong presence in the US and Europe

4. Eurofins Scientific

• Specialization: Analytical testing services
• Key Focus Areas: Genomics, biopharma, environmental testing
• Notable Features: High-throughput sequencing and comprehensive genomic solutions
• 2024 Revenue (approx.): $7 billion
• Market Share (approx.): 11%
• Global Presence: Europe, North America, Asia-Pacific

5. Roche

• Specialization: Pharmaceuticals and diagnostics
• Key Focus Areas: Genomics-based diagnostics, molecular testing
• Notable Features: Advanced sequencing technologies and oncology diagnostics
• 2024 Revenue (approx.): $13 billion
• Market Share (approx.): 20%
• Global Presence: Global, with major operations in Europe and North America

Leading Trends and Their Impact on the Genomics Market

1. Integration of AI and Machine Learning: Enhances data analysis speed and accuracy, enabling real-time genomic interpretations.
2. Personalized Medicine Boom: Increased demand for customized treatments is propelling investments in genomics.
3. Gene Editing Technologies (CRISPR): Transforming genetic modification with precise and efficient editing.
4. Decreasing Sequencing Costs: Making genome sequencing more accessible, boosting adoption rates.
5. Advancements in NGS and Bioinformatics: Streamlined data interpretation and storage are enhancing usability.

Successful Examples of Genomics Market Adoption

1. Human Genome Project (USA): Mapped the entire human genome, paving the way for advancements in personalized medicine.
2. Genomics England (UK): National initiative to sequence 100,000 genomes to study rare diseases and cancer.
3. China’s BGI Group: Major advancements in sequencing technology and large-scale genome projects.
4. Illumina’s NGS Technology: Widely adopted in research and clinical settings globally.

Regional Analysis: Government Initiatives and Policies

North America

• Government Support: NIH’s All of Us Research Program
• Policy Frameworks: FDA regulations on genetic testing
• Impact: Substantial funding and research support

Europe

• Government Support: EU-funded genomics projects and Horizon Europe initiatives
• Policy Frameworks: GDPR impact on data privacy
• Impact: Balancing innovation with ethical considerations

Asia-Pacific

• Government Support: China’s genome mapping initiatives and India’s Genomics for Public Health program
• Policy Frameworks: Regulatory guidelines for genetic testing
• Impact: Rapid market expansion driven by supportive policies and population genomics

Latin America

• Government Support: National genomic programs in Brazil and Mexico
• Policy Frameworks: Emerging regulations on genetic testing
• Impact: Moderate growth, driven by healthcare improvements

Middle East and Africa

• Government Support: Initiatives to improve genetic disease diagnosis
• Policy Frameworks: Regional efforts to develop genomics infrastructure
• Impact: Nascent but promising market potential

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