Genomics Market 2024 | Market Size, Key Drivers, Industry Developments, Share, Future Growth Prospects, and Forecast to 2033

 

The Genomics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

 

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According to The Business Research Company’s Genomics Global Market Report 2024, The genomics market size has grown rapidly in recent years. It will grow from $38.7 billion in 2023 to $45.95 billion in 2024 at a compound annual growth rate (CAGR) of 18.7%.  The  growth in the historic period can be attributed to reduction in sequencing costs, research and discovery, healthcare applications, personalized medicine.

 

The genomics market size is expected to see rapid growth in the next few years. It will grow to $93.79 billion in 2028 at a compound annual growth rate (CAGR) of 19.5%.  The growth in the forecast period can be attributed to growing awareness and education, drug development and therapeutics, diagnostic applications, regulatory and ethical frameworks. Major trends in the forecast period include technological advancements, genomic sequencing in agriculture, collaboration and partnerships, genomic data analytics.

 

Rising government funds for research on genomics drives the growth of the single-cell genomics market. The government funding focuses on efforts to resolve the complexity of the human genome, define the genomic basis of human health and disease, and ensure that genomics is used safely to enhance patient care and benefit society through government, public and private institutions. For instance, in April 2021, US government announced an investment of $1.7 billion for improving the detection, monitoring, and reduction of SARS-CoV-2 variants and to improve infrastructure for further genomic sequencing. The funds were announced through the American Rescue Plan. The funding would be distributed through three separate initiatives at different times.

 

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The genomics market covered in this report is segmented –

1) By Product Type: Instrument (Including Systems, Service Contract And Software); Reagents (Including Reagents And Consumables)

2) By Process: Cell Isolation; Sample Preparation; Genomic Analysis

3) By End User: Academic Institutes; Biopharmaceutical Companies; Clinical Research Institutes

 

The genomics market report table of contents includes:

1. Executive Summary

2. Genomics Market Characteristics

3. Genomics Market Trends And Strategies

4. Genomics Market - Macro Economic Scenario

5. Global Genomics Market Size and Growth

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31. Global Genomics Market Competitive Benchmarking

32. Global Genomics Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Genomics Market

34. Genomics Market Future Outlook and Potential Analysis35. Appendix

35. Appendix

 

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